Moelis Asset Management Third-Party Risk Management Case Study

This case study details the experience of Moelis Asset Management, an investment advisory firm, in implementing the Prevalent Third-Party Risk Management (TPRM) Platform and its Risk Operations Center (ROC) managed services. The firm faced challenges in managing third-party risk due diligence due to a manual process that lacked a centralized record of vendor assessments and continuous risk monitoring. In response to the Securities and Exchange Commission's oversight rule, Moelis sought a cohesive solution to enhance their vendor risk management capabilities. The study outlines how the Prevalent platform enabled Moelis to maintain a centralized risk register, conduct continuous monitoring of vendor risks, and ensure compliance with regulatory requirements. The case study highlights the consultative services provided by Prevalent, which were deemed superior to other vendors. Moelis's team expressed confidence in their partnership with Prevalent, emphasizing the importance of having a reliable record of vendor assessments and ongoing risk intelligence.