Rajat Bhatnagar
Head of Third Party Risk , BBVA
Experienced in leading cross-functional, cross-geography business and risk teams specializing in Third Party Risk Management across business lines with increased focus on optimization and automation.
➢ CISA, PMP certified.
➢ Member of several financial industry sub-committees
➢ Worked at Morgan Stanley, Citibank, GE Capital, HCL across Technology, Risk Management
11:30 am - 12:20 pm
CRITICAL THIRD PARTIES: POWER IMBALANCES WITH CRITICAL THIRD PARTIES– PANEL DISCUSSION
Operating TPRM programs when vendors dictate terms.
- Managing monopolize across the supply chain in financial institutions
- Navigating audit refusals, data access limitations, and “take-it-or-leave-it” contracts
- Managing risk exposure when exit is unrealistic
- Escalation strategies when critical vendors underperform or resist oversight
- Using collective pressure, contractual leverage, and governance forums effectively