Risk Management and Compliance
Risk Management for Corporate Due Diligence
Third-party or supplier screening
Dealing with suppliers or third parties has a two-tiered risk for institutions.
On the one hand...
…a supplier’s possible inability to deliver what is required can harm the institution’s service delivery.
On the other hand...
…there is an ever-increasing trend of collusion between institutions’ employees and suppliers. For this reason, institutions must use risk management to assess their employees and any third parties or suppliers before adding them to the supplier database or signing contracts or service-level agreements with them.
EmployInsight has been trusted to assist institutions in conducting comprehensive third-party and supplier background screening for many years. The screening and risk management aims to minimise the risk of conspiracy and fraud in the supply chain process. We can include the following actions in the compliance checks:
- Company Checks,
- Deed Search,
- Company World-Check,
- Directorship Checks,
- B-BBEE Certificate Verification,
- SARS Verification and more.
Frequently asked Questions in Risk Management
Could you please describe what you mean with Human Risk Assessment?
A Human Risk assessment mitigates the Business Risk assessment in a company. It includes all the tools that are utilised in comprehensive background screening or a pre-employment screening process. It includes all Verifications, CV checks, Reference checks, Work history checks, Work Enquiries at previous employers and Psychometric Testing.
EmployInsight provides you with an Integrated Report, that interprets all the information gained and draws a conclusion about the risk the candidate may pose to the company.
What are Social Media Risk Assessments?
Social Media Risk Assessments are highly suitable methods to detect negative behaviour that can damage a business or brand, including racism, homophobism, sexism, substance abuse and an unprofessional image or use of bad language.
Is Compliance/Supplier Screening relevant?
Dealing with suppliers or third parties has a two-tiered risk for institutions. On the one hand, the inability of a supplier to deliver what is required can have a negative impact on the institution’s service delivery. On the other hand, there is an ever-increasing trend of collusion between institutions’ own employees and suppliers.
For this reason, it is imperative for institutions to assess their own employees, as well as any third parties or suppliers, before adding them to the supplier database or signing service-level agreements with them.
For many years, EmployInsight has been trusted with assisting institutions to conduct comprehensive background screening of their suppliers and third parties, with the aim to minimise the risk of collusion and fraud in the supply chain process.
What is the Drivers Assessment Profile (DSAP)?
This was specially developed to serve the Driver Fraternity in the economy of today. It is assessing the critical human factors that differentiate between people who perform the Driver function in a professional capacity (i.e., doing driving as a work/job – to earn a living by driving) in terms of a sound and multiple criteria of (work) success.
The DAP deals with the ‘driver profession’ as a specific career entity in terms of the common denominators identified via objective and comprehensive research studies conducted over many years by researchers in different fields of speciality in a wide variety of economic industries (e.g., transport, mining, production, etc.) and involving drivers of virtually all types of vehicles – including trucks, tractors, taxis, busses, ambulances, fire-engines, etc. – involving ‘general’ and ‘specialised’ vehicles.