In this insightful episode of 3LoD Unlocked, host Ghassan Zeidan sits down with Linda Tuck Chapman, CEO of the Third Party Risk Institute and a leading voice in third party risk management (TPRM). Linda brings decades of experience to the conversation, sharing essential strategies, common pitfalls, and actionable insights to help organizations manage their third party risks effectively. The discussion covers critical components of robust TPRM frameworks, practical approaches to vendor segmentation, the nuances of fourth-party risk management, and real-world scenarios demonstrating the importance of proactive risk management.

Key Highlights & Timestamps:

• [00:35] – Introduction to Linda Tuck Chapman, her background, and the importance of third-party risk management.
• [02:05] – Defining third-party risk management and its increasing importance in the modern enterprise.
• [05:30] – Clarifying the scope of third-party relationships beyond vendors.
• [09:40] – The power of segmentation in managing third-party relationships and risks effectively.
• [17:20] – Common challenges and critical mistakes organizations make in their third-party risk management programs.
• [26:15] – Discussing the importance of clear risk reporting and practical KRIs (Key Risk Indicators).
• [32:45] – Real-world examples of impactful risk incidents, highlighting lessons learned.
• [40:05] – Deep dive into managing fourth-party risks, practical guidance, and best practices.
• [45:25] – How to evaluate and enhance your organization's TPRM capabilities.
• [48:00] – Where listeners can connect with Linda and explore further resources.

Notable Quotes:

• "Your company is actually the smallest part of the equation when considering your third-party relationships."
• "If everything is risky, nothing matters. Proper segmentation is key to effective third-party risk management."
• "We’re not risk police—we’re enablers of risk-informed decisions."

Conclusion: This conversation underscores the necessity for businesses to evolve their approach to third-party risk management from reactive to proactive. Effective TPRM not only safeguards an organization but also enhances its operational resilience and competitive advantage. Linda's insights emphasize clear segmentation, actionable reporting, and the strategic alignment of TPRM practices with broader enterprise risk management efforts. Listeners are encouraged to leverage these best practices to elevate their third-party risk management capabilities.

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📧 For enquiries or to suggest topics, contact Ghassan Zeidan

Episode Summary:

In this insightful episode of 3LoD Unlocked, I sit down with Abdullah Al Ghamdi, an expert in governance to discuss the critical role boards and other governance forums play in shaping effective governance frameworks. We explore key responsibilities, risk oversight, regulatory challenges, and best practices that every board member should know. Tune in to gain actionable insights on how boards can enhance culture, improve accountability and drive strategic initiatives.

Timestamps:

[02:15] - Understanding the Board’s Role in Governance
[06:30] - Risk Oversight: What Boards Must Prioritize
[12:45] - Compliance Challenges in Today’s Regulatory Landscape
[18:20] - Best Practices for Board Members
[24:50] - The Future of GRC and Digital Transformation

Quotes to Remember:

• "Governance isn’t just about policies—it’s about setting the right tone from the top."
• "Boards that integrate risk oversight into strategy are the ones that drive sustainable success."
• "Regulations will keep evolving, but a strong governance foundation ensures adaptability and resilience."

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📌 Follow 3LoD Unlocked on LinkedIn
🎧 Subscribe on Apple Podcasts, Spotify, or your favorite platform
📧 For enquiries or to suggest topics, contact Ghassan Zeidan

In this episode of 3LoD Unlocked, Ghassan Zeidan welcomes Kyle McMullen, a seasoned audit expert with over 25 years of experience in internal audit, financial crime, and compliance. Kyle shares his journey from Deloitte to senior roles at Goldman Sachs and Citi, and discusses the evolution of third line functions in areas like financial crime and governance. He offers insights into the changing role of internal audit, the importance of specialization, and future trends in a data-driven environment. Kyle also introduces The Audit Hub, a platform designed to connect and support audit professionals through resources and networking opportunities.

Whether you’re an aspiring auditor, GRC professional, or industry veteran, this episode offers valuable insights on career development, audit innovation, and emerging trends.

Timestamps
• 00:00 – Introduction to Kyle McMullen
• 03:12 – The Role of Internal Audit in Financial Crime
• 06:11 – Evolving Expectations from Internal Audit
• 08:20 – Specialists vs. Generalists: Which Path to Take?
• 12:54 – AI and the Future of Internal Audit
• 14:45 – Growth of GRC in the Middle East
• 17:45 – The Audit Hub: A New Platform for Auditors
• 20:00 – Wrap-up and Where to Connect with Kyle


Quotes to Remember
• “The best learning curve you’ll ever have is through firsthand experience—try everything at the start of your career and specialize later.”
• “Regulators are expecting third-line auditors to lead in remediation efforts—ensuring sustainable control environments are in place.”
• “AI won’t replace auditors, but it will transform how we work—enabling deeper insights and better testing of controls.”


Conclusion
This episode offers an in-depth look at the evolution of internal audit and the role of financial crime compliance in today’s fast-changing landscape. With expert advice on career paths, specialization, and emerging trends, Kyle McMullen provides actionable insights to enhance audit careers. As the GRC landscape evolves, platforms like The Audit Hub will play a crucial role in supporting professionals across industries.

Connect with Us

📌 Follow 3LoD Unlocked on LinkedIn
🎧 Subscribe on Apple Podcasts, Spotify, or your favorite platform
📧 For enquiries or to suggest topics, contact Ghassan Zeidan