Describe the key aspects of Third Party Risk and why they matter. Propose a due diligence process for evaluating third parties that balances the elements of time, cost and risk to reach an appropriate screening process. What are the key contractual elements that should be included in your contracting process to minimize third party risk? How do small and large vendors differ from a risk control and mitigation perspective? Describe the key elements of a vendor onboarding program that is designed to both build alignment and minimize risk