Strategy & Execution

Chart a more direct course

Preparation

We quickly assess current state to gauge priorities for remediation of non-compliance. Running parallel, we design the future state TPRM for your Organization.

Roadmap Planning

RedKnot provides a clear heading for end-to-end TPRM implementation priorities across the life cyle, with imminent audit & examination needs met first.

Execution

Gain the benefits of project management, testing, pre-launch readiness assessment and go-live support — for a fraction of the cost of large firms and hands-on guidance.

Our “no stone left unturned” integrated approach focuses on the outcomes you want to achieve for the third-party risk management program, executed in the way that will work best within your organization now and in the future.

Strategy & Execution

Consulting has changed over the past decade. Companies can no longer afford to pay outrageous hourly rates for an opinion or recycled playbook. RedKnot understands that you are being asked to meet the regulatory requirements with fewer resources, in a rapidly changing technological landscape, full of opportunity and risks.

Besides recommending the right practices and methodologies to launch your third-party risk management program, RedKnot understands the realities of keeping customers, investors and stakeholders happy while successfully navigating the journey.

When you’re ready to execute, RedKnot can lead your effort or play a supporting role to ensure your success.

Key engagements where we have applied our expertise:

  • We designed a strategic sourcing and ongoing vendor management program for a large NY-based Private Equity firm with over 140 company-wide participants and 2,000+ vendors.

We offer a hybrid approach to consulting that merges expertise and support to extend your team’s depth and take your organization to the next level.

  • RedKnot built a Business Services offering, including treasury management services, for a large credit union in the southeast, requiring product selection, implementation, sales training for front-end and a dedicated sales team, with backroom support and operational functions. The initiative garnered millions in new deposits and recurring revenue streams.