TPRM at Speed: Using AI to Bridge the Gap Between Risk and Procurement
Episode Summary: How do you build a world-class Third-Party Risk Management (TPRM) function in a digital-first, fast-paced environment? In this episode of Third Party Therapy, Mike Day sits down with Mo Randeree from Atom Bank. Mo shares his journey from a PwC auditor to a TPRM leader, discussing how to break down the traditional silos between Procurement, Risk, and Resilience.
The highlight of this episode is Mo’s deep dive into the practical use of Google Gemini (AI) to automate risk assessments, moving the dial from "policing" the business to "partnering" with it.
🕒 Timestamps
00:00 – Introduction: Managing risk at the speed of a digital bank
03:45 – Mo’s Background: Stumbling into TPRM via PwC
12:10 – The Integrated Operating Model: Merging Procurement, TPRM, and Resilience
20:30 – Speed to Market: Why "Check-the-Box" compliance doesn't work in FinTech
28:50 – AI in Action: Using Google Gemini to solve the "data mountain" problem
37:15 – Shifting the Culture: Moving from a "No" function to a "Business Enabler"
45:40 – Proactive Supplier Management: Having hard conversations about control gaps
53:00 – Closing thoughts and advice for the next generation of risk leaders
💡 Key Takeaways
- The "One-Stop-Shop" Model: Discover how Atom Bank integrates procurement and risk into a single lifecycle, ensuring risk is considered at the start of a project, not as a final hurdle.
- Leveraging Generative AI: Mo explains the specific prompts and processes used with Google Gemini to digest complex supplier documents, allowing a lean team to achieve massive scale.
- Bridging the Gap: Practical tips on how to align the conflicting goals of Procurement (speed/cost) and Risk (safety/compliance).
- Relationship-Driven Risk: Why the most effective TPRM tool isn't a piece of software, but the ability to build trust across the organization.
🔗 Connect & Resources
- Official Website: thirdpartytherapy.com
- Join the Community: Sign up for our mailing list to receive our "AI in TPRM" guide.
- Guest Info: Connect with Mo Randeree on LinkedIn to follow his work at Atom Bank.
Search & SEO
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