The Third Party Risk Institute Podcast

What happens when AI capabilities advance faster than the organizations adopting them?

In this episode of The Third Party Risk Institute Podcast, Linda Tuck Chapman sits down with Alex Golbin, author and senior financial services executive with more than two decades of experience across enterprise risk, technology and data transformation, operational resilience, regulatory remediation, and AI governance. 

The conversation centers on Alex’s new book, Governing AI Risk: The River Charter – An Enterprise Resilience Standard, which combines business fiction with practical risk-management concepts for boards, executives, and risk professionals. The story looks at how seemingly reasonable decisions made today accepting workarounds, relying on third parties, delaying remediation, or giving AI systems greater autonomy can accumulate into interconnected dependencies and future enterprise risk. 

Alex’s central argument is not that organizations should slow down AI adoption. Instead, organizations need governance and resilience structures capable of making that speed survivable. 

What we cover in this episode:

• Why AI capability can develop faster than an enterprise's data, governance, controls, operating models, and resilience.
• The RIVER Charter and its five pillars: Resolve Convergence, Integrate Hybrid Cognition, Validate Risk Debt, Elevate Data Capital, and Reinforce Resilience. 
• What risk debt means and how small risk decisions, exceptions, workarounds, and deferred remediation can accumulate over time.
• Why traditional vendor assessments need to expand to include AI models, cloud providers, data sources, APIs, material fourth parties, autonomous agents, and other dependencies.
• Alex’s concept of All Entity Risk Management (AERM) and why organizations may need to look beyond conventional vendor boundaries to understand what their critical business outcomes actually depend on. 
• Why annual questionnaires and point-in-time assessments may not provide enough assurance for rapidly changing AI dependencies and the growing importance of telemetry, control evidence, change signals, outcome monitoring, and reassessment triggers. 
• Where accountability sits when a third-party AI system or autonomous agent contributes to a consequential failure.
• Why simply having a “human in the loop” may not be enough, and how Alex’s cognitive handshake concept focuses on meaningful collaboration between human judgment and AI while preserving accountability. 

This episode goes beyond a discussion of AI technology. It examines what AI means for third-party risk management, operational resilience, enterprise risk management, governance, data, accountability, and the extended enterprise.

For third-party risk, operational risk, cybersecurity, compliance, governance, procurement, audit, technology risk, and enterprise risk professionals, this conversation raises an increasingly important question: Are our existing risk practices evolving quickly enough for an environment where vendors, models, data, platforms, people, and autonomous AI agents are becoming deeply interconnected?

If your intrested in Alex's book here is the link to it: https://www.amazon.com/Governing-Risk-RIVER-Charter-Enterprise/dp/1041095651/ref=tmm_pap_swatch_0?_encoding=UTF8&dib_tag=se&dib=eyJ2IjoiMSJ9.GXtSzMAgRAR2dHq_QLc78Q.rnNTGsUkShYwPWVZOj-yYbE9n46zkO1wMSpX8uk3v_U&qid=1777308121&sr=8-1

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Has the Digital Operational Resilience Act (DORA) improved how financial institutions manage technology and third-party risk and where are the challenges still?

In this Third Party Risk Institute podcast, we explore what changed after DORA became applicable in January 2025. We examine the practical implications for DORA compliance, ICT risk management, third-party oversight, incident reporting and operational resilience.

The discussion considers implementation challenges, potential benefits and what risk professionals should review in their own organizations. We also explore why these developments matter to audiences across Europe and North America.

Whether you work in third-party risk management (TPRM), compliance, cybersecurity, audit or financial services, this episode offers a practical perspective on a central question: What needs to change beyond the policies and paperwork?

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In this episode of The Third Party Risk Institute Podcast, host Linda Tuck Chapman speaks with Dasha Gorovenco, Executive Director in EY Ireland’s audit practice, about what effective artificial intelligence governance looks like through an external auditor’s lens.

Dasha explains why documentation is not the same as evidence, why AI ownership must exist in practice rather than only on paper, and why organizations need to know which AI systems are actually operating across their networks not simply which tools were approved or listed in a vendor contract.

Together, Linda and Dasha discuss AI audit evidence, third-party and fourth-party AI risk, SOC and ISO compliance, AI inventories, model testing, regulatory readiness, data sovereignty, cybersecurity risk, and operational resilience.

What we cover in this episode:

• What external auditors assess when reviewing an AI governance program
 • Why policies, contracts, meeting invitations, and process documents do not necessarily prove that controls are operating effectively
 • How to define practical AI ownership across business teams, technology, risk, compliance, users, and senior leadership
 • Why one Chief AI Officer or AI Risk Officer cannot own every aspect of AI risk
 • How organizations can identify approved and unapproved AI within third-party products, software, cloud environments, and business processes
 • How functionality-based questions can help identify AI embedded within vendor products and services
 • Why SOC reports may not provide sufficient assurance over AI-specific controls
 • The growing need for AI inventories, AI Bills of Materials, monitoring, and fourth-party visibility
 • Why dynamic AI systems, large language models, algorithms, and automated decisions require ongoing testing
 • How organizations can assess AI-generated errors, model bias, inconsistent outputs, and control failures
 • What the EU AI Act, DORA, GDPR, and data-sovereignty requirements mean for global organizations
 • How AI governance, cybersecurity risk, regulatory compliance, and operational resilience are connected

This episode is perfect for:

• Board members, Chief Risk Officers, Chief Audit Executives, CISOs, CIOs, and AI governance leaders
 • Internal Audit, IT Audit, Risk, Compliance, GRC, and Assurance Professionals
 • Third-Party Risk Management and Vendor Risk Management Professionals
 • Procurement, Cybersecurity, Privacy, Data Governance, and Model Risk Teams
 • Professionals responsible for AI controls, regulatory compliance, operational resilience, and third-party oversight
 • Organizations implementing or purchasing AI-enabled products and services

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In this episode of The Third Party Risk Institute Podcast, Linda Tuck Chapman speaks with Daniel Liu, Managing Director of Enterprise Risk Management at TMX Group, about what effective third-party risk management really looks like inside complex, regulated organizations.

Daniel shares practical insights from his experience across enterprise risk management, operational risk, financial services, data analytics, and regulatory environments. The conversation explores how operational risk and TPRM functions should work together, why risk culture matters, and why risk teams must move beyond checklists, policies, and one-time due diligence.

This episode covers key topics including third-party risk management, operational risk management, enterprise risk management, vendor segmentation, concentration risk, fourth-party risk, exit planning, regulatory expectations, operational resilience, OSFI expectations, first line and second line responsibilities, ongoing monitoring, and risk-based due diligence.

Listeners will also hear why vendor segmentation should be based on criticality and inherent risk, not spend or relationship history, and why overlooked risks such as exit risk, subcontractor exposure, change in control, and scope creep can create serious operational and regulatory challenges.

This is a valuable conversation for risk leaders, TPRM professionals, procurement teams, compliance officers, auditors, financial services executives, and anyone responsible for building stronger third-party risk and operational resilience programs.

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Third-party risk is no longer something organizations can review once a year and file away for audit season. Vendor incidents now move in hours, regulators expect stronger oversight, and a single provider can disrupt hundreds of businesses at once.

In this episode of the Third Party Risk Institute Podcast, we discuss why traditional annual questionnaires are falling short and why continuous third-party risk monitoring is becoming a core expectation for risk, procurement, compliance, cybersecurity, and vendor management teams.

We cover what continuous monitoring really means, why security ratings should be treated as early-warning signals rather than final answers, and how organizations can monitor vendor risk across cybersecurity, operational resilience, financial health, concentration risk, fourth-party risk, and AI-related vendor exposure.

You’ll also hear practical insights on DORA, NIST CSF 2.0, U.S. banking guidance, security ratings, KRIs, vendor risk dashboards, concentration risk, and the operating model needed to turn alerts into action.

If your organization still relies heavily on point-in-time assessments, spreadsheets, or annual vendor reviews, this episode will help you rethink what effective third-party risk management should look like in 2026.

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Third-party risk management is changing fast. For years, many organizations have relied on questionnaires, point-in-time assessments, manual workflows, and fragmented ownership across procurement, cyber, compliance, resilience, privacy, model risk, and business teams. But with AI, cyber ratings, data ecosystems, shared assessments, trust centers, regulatory pressure, and operational resilience expectations becoming more important, the future of TPRM is moving beyond traditional vendor due diligence.

In this episode of the Third Party Risk Institute Podcast, Linda Tuck Chapman speaks with Matthew Moog, Principal of Risk Managed Services at EY, about where third-party risk management is heading and what risk professionals need to understand now. Matt shares lessons from his career across EY, TrueSight, and OneTrust, including the challenges of standardizing assessments, building shared third-party risk utilities, using data before sending questionnaires, and rethinking how organizations assess, monitor, and respond to supplier risk.

This conversation explores some of the biggest issues facing risk, procurement, cybersecurity, compliance, and operational resilience teams today, including:

•  Why traditional third-party risk assessments are no longer enough 
•  How AI and automation may change vendor risk management workflows 
•  Why the future of TPRM depends on better data, not more questionnaires 
•  The role of cyber ratings, trust centers, attestations, certifications, and standardized data 
•  How organizations can reduce fragmented third-party risk processes 
•  Why operational resilience, fourth-party risk, and dependency mapping are becoming critical 
•  How DORA, regulatory expectations, and global financial services guidance are shaping TPRM 
•  Why human judgment still matters in an AI-enabled risk environment 
•  What risk professionals should focus on to build a stronger career in TPRM 

Matt also shares practical career advice for professionals entering or growing in third-party risk management, operational risk, cyber risk, vendor risk, and governance roles.

This episode is essential listening for anyone working in third-party risk management, vendor risk management, supplier risk, operational resilience, cybersecurity risk, regulatory compliance, procurement, financial services risk, AI governance, fourth-party risk, or enterprise risk management.

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The first four months of 2026 have already reshaped how organizations think about third-party risk.

From regulatory pressure like Digital Operational Resilience Act to the rapid adoption of AI across vendor ecosystems, the gap between what organizations assess and what they actually understand is becoming more visible and more risky.

In this episode, we break down what’s actually changed in third-party risk so far this year, not at a theoretical level, but based on real developments, regulatory shifts, and operational challenges organizations are facing right now.

This is not a high-level conversation. This is a practical review of where programs are falling short and what needs to change.

What We Cover in This Episode

•  Why traditional third-party risk models are failing in 2026 
•  The growing disconnect between vendor assessments and real-world dependencies 
•  How AI adoption is introducing new, unmeasured risks in third-party ecosystems 
•  What regulators are actually expecting (and where organizations are still behind) 
•  The rise of concentration risk, fourth-party risk, and infrastructure dependencies 
•  Why business continuity assumptions are no longer holding up 
•  What strong third-party risk programs are starting to do differently 
•  Practical steps to rethink your approach, immediately 

Who This Podcast Is For

•  Third-Party Risk Managers 
•  Vendor & Supplier Risk Professionals 
•  Procurement Leaders 
•  Operational Risk & Resilience Teams 
•  Compliance and Audit Professionals 
•  Anyone responsible for understanding how third parties impact business continuity and resilience 

If you’re responsible for third-party risk, this episode will help you step back and ask a harder question:

👉 Are you assessing vendors… or actually understanding your exposure?

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In this episode of the Third Party Risk Institute Podcast, Linda Tuck Chapman speaks with Elina Moshkovich, an independent Governance, Risk, and Compliance (GRC) advisor based in Dubai, about one of the most overlooked areas of modern risk management risk governance systems.

While many organizations invest heavily in risk frameworks, tools, and compliance programs, they often fail to address the governance structures that determine how decisions are made and how risks are escalated.

Drawing on experience as a Chief Risk Officer and GRC advisor, Elina shares practical insights into how companies can design governance systems that actually work.

In this conversation, we explore:

• Why risk governance frameworks often fail inside organizations
 • The connection between operational risk, third-party risk, and organizational strategy
 • How governance gaps can create major risk exposures
 • A real-world example of a vendor failure that could have been prevented with better governance
 • Why risk culture and escalation practices are critical for protecting organizations
 • The growing importance of third-party risk management in an interconnected economy
 • The difference between principles-based regulations and prescriptive regulations like DORA
 • How companies should start thinking about AI governance and acceptable AI use policies
 • Skills and career advice for professionals entering risk management, compliance, and GRC roles

This episode is particularly valuable for professionals working in:

• Risk Management
• Governance, Risk & Compliance (GRC)
• Third-Party Risk Management (TPRM)
• Operational Risk
• Cybersecurity Risk
• Regulatory Compliance

As organizations become more dependent on external vendors, digital systems, and AI tools, effective governance is becoming the foundation of resilient risk management programs.

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📬 Have a question or topic you'd like us to cover?
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DORA is now in force, and the first full year of implementation (2025) revealed what’s working and where firms are still struggling. In this episode, Third Party Risk Institute breaks down the current state of DORA in 2026 with global takeaways for third-party risk, ICT risk management, incident reporting, resilience testing, and oversight of critical technology providers.

We cover what organizations across financial services, tech, healthcare, and consulting did in 2025 to meet expectations, what best practices are emerging, and how risk professionals are adapting through stronger governance, better vendor visibility, contract upgrades, and more realistic testing programs.

If you work in TPRM / vendor risk, operational resilience, cyber risk, procurement, compliance, or audit, this is a practical, high-level briefing you can apply immediately.

Topics include:

• DORA pillars explained: ICT risk, incident reporting, testing, third-party risk, info sharing
• What “good” looks like in 2026 (and what still breaks under pressure)
• Critical vendor oversight and subcontractor / fourth-party visibility
• Common implementation gaps and how teams are closing them
• Tools, operating models, and skills risk professionals are leaning on

If you are in DORA or are responsible for DORA, you can now get Certified via Certified DORA Practitioner (CDP) live stream training from Third Party Risk Institute. More details here: https://thirdpartyriskinstitute.com/dora/

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2025 reshaped how organizations view third-party cyber risk. In this deep-dive episode, we analyze the real incidents that caused operational shutdowns across healthcare, aviation, manufacturing, and financial services.

You’ll hear how:

• The Change Healthcare ransomware attack exposed up to 190 million records and triggered a multi-billion-dollar disruption
• Jaguar Land Rover suffered a six-week global production halt due to a vendor cyber incident
• Airlines faced airport gridlock after a single IT supplier failure
• Cloud misconfigurations leaked millions of healthcare records
• Stolen credentials and MFA bypass techniques accelerated account takeovers
• CLOP ransomware exploited zero-day vulnerabilities in file transfer and ERP systems
• Regulators enforced DORA and NIS2 accountability for vendor risk
• AI-driven cyber attacks are emerging as the next threat wave

This episode connects cyber risk directly to business continuity, operational resilience, regulatory compliance, and vendor governance, critical insights for risk leaders, CISOs, compliance teams, procurement professionals, and third-party risk practitioners.

🎧 Listen to understand why vendor ecosystems now represent the single largest source of enterprise risk and what organizations must prioritize going into 2026.

🎧 Enjoying the podcast?
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📬 Have a question or topic you'd like us to cover?
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