Learning Objectives:

• The Innovation Conundrum: Identify the complexities and risks associated with third party innovation, why and how traditional risk management practices fall short and take too long to execute.
• Risk Mitigation Strategies: Create targeted risk mitigation strategies that address unique challenges for onboarding and testing third party innovation.
• Effective Governance: Design an effective controls, monitoring and governance frameworks that enable appropriate risk taking and oversight.
• Compliance: Regulatory expectations for innovation in regulated industries while cultivating innovation.