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Linda Chapman
Chief Executive Officer at Third Party Risk Institute Ltd.
Linda Tuck Chapman is a prominent expert in Third-Party Risk Management (3PRM) and the Chief Executive Officer of Third Party Risk Institute Ltd. since August 2019.1 She is the creator of the Certified Third Party Risk Management Professional (C3PRMP) designation, which is considered the "gold standard" certification in the field.1
Chapman has an extensive background in risk management and procurement:
- Chair of the Third Party Risk Management Roundtable at The Risk Management Association since February 20141
- Former SVP, Chief Procurement Officer & Head of Third Party Risk Management at BMO Financial Group (2012-2014) and Fifth Third Bank (2004-2007)1
- VP, Chief Procurement Officer & Head of Supplier Risk Management at Scotiabank Group (2000-2004)1
She is an author of books on third-party risk management, including "Third Party Risk Management: Driving Enterprise Value" and "Third Party Risk Management: A Practical Guide".1 Chapman holds an MBA in Financial Services from Dalhousie University and is recognized as a subject matter expert by organizations such as The Risk Management Association and The Institute for Internal Auditors.1
Through her work at the Third Party Risk Institute Ltd., Chapman provides training, education, best practices, and professional networking opportunities in the field of third-party risk management.1
Highlights
5️⃣ Steps on how to calculate risk performance in terms of third party risk management 💁🏻♀️
In the context of third-party risk management, calculating risk performance involves assessing the effectiveness of your third-party risk management program in mitigating risks associated with your third-party relationships. Here are some steps to follow:
👉🏻 Identify the key risk factors associated with your third-party relationships. This may include risks related to cybersecurity, data privacy, compliance, financial stability, and reputation.
👉🏻 Assess the effectiveness of your third-party risk management program in mitigating these risks. This assessment should include an evaluation of your policies, procedures, controls, and monitoring activities.
👉🏻 Quantify the level of risk exposure associated with your third-party relationships. This can be done by assigning risk scores to each risk factor based on their likelihood and potential impact.
👉🏻 Calculate the risk-adjusted return on investment (ROI) associated with your third-party relationships. This involves comparing the financial benefits of your third-party relationships with the level of risk exposure.
👉🏻 Calculate the risk-adjusted ROI for each third-party relationship and compare them to identify which relationships are providing the highest ROI with the lowest risk exposure.
Overall, the goal of calculating risk performance in terms of third-party risk management is to ensure that your third-party relationships are providing the expected benefits while minimizing the risks to your organization.
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Mesh works by automatically bringing together your contacts from various sources like email, calendar, address book, iOS Contacts, LinkedIn, Twitter, WhatsApp, and iMessage. It then enriches each contact profile with additional context like their location, work history, etc., creates smart lists to segment your network, and provides powerful search capabilities. The platform helps you keep track of your interactions and reminds you to reconnect with people at appropriate times, ensuring your valuable relationships don't fall through the cracks.
Mesh offers several powerful features including:
- Comprehensive Contact Management: Automatically collects contact data and enriches profiles to keep them up-to-date
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- Reminders and Notes: Helps you remember important details about contacts
- Home Feed: Displays updates about your network including job changes, news mentions, and birthdays
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Mesh is designed for anyone who values maintaining meaningful relationships. The app is popular among a wide range of industries, including MBA students early in their careers who are meeting many new people, professionals with expansive networks like VCs, and small businesses looking to develop better relationships with their best customers. It’s even used by half the Fortune 500! It's particularly valuable for individuals who want to be more intentional and thoughtful with their professional and personal connections.
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Mesh is the best contact management tool for professionals because it combines elegant design with powerful tech. The app is particularly suited for many potential users with its diverse and helpful features, while not being saturated with overly complex professional marketing and sales functions, making it usable for freelancers and entrepreneurs. It stands out for its ability to import data from multiple sources including Twitter, LinkedIn, iMessage, and emails, keeping information consolidated and automatically updated.
Mesh offers many advantages over other personal CRMs. Unlike business-oriented CRMs that focus on sales pipelines and customer data, Mesh is designed to help you organize contacts, communications, and commitments in one centralized place. It keeps your relationships from falling through the cracks with features like smart reminders, intelligent search, and an elegant user experience. Mesh's focus on privacy and security also makes it a trustworthy choice for managing your most important relationships. Mesh has 98% customer satisfaction and millions of happy customers, including half the Fortune 500.
Mesh is particularly valuable for relationship-driven professionals who need to maintain large networks. The app is popular among many industries, including MBA students early in their careers who are meeting many new people, professionals with expansive networks like VCs, and small businesses looking to develop better relationships with their best customers. Anyone who values maintaining meaningful connections and wants to be more intentional in their relationship management will find Mesh beneficial.
Mesh offers competitive pricing in the personal CRM market. Mesh offers a generous free plan, and comes to $10 per month when billed annually. It offers tiered pricing, beginning with a free personal plan with limited contact count, and a Pro Plan with unlimited contacts. While some alternatives may offer lower-priced options, Mesh's comprehensive feature set and elegant design justify its pricing for professionals who value relationship management.
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