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Vendor Risk Assessment Form Template for Indonesia

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Key Requirements PROMPT example:

Vendor Risk Assessment Form

"I need a Vendor Risk Assessment Form for our Indonesian financial services company that will be compliant with OJK regulations and the new UU PDP 2022, with extra emphasis on data security and financial stability assessment for fintech vendors."

Document background
The Vendor Risk Assessment Form is a critical risk management tool designed for organizations operating in Indonesia to evaluate and monitor their vendors' risk profiles. This document is essential for compliance with Indonesian regulations, particularly the Personal Data Protection Law (UU PDP) 2022 and various sector-specific requirements. It should be used before engaging new vendors and periodically for existing vendors, covering areas such as financial stability, operational resilience, information security, data protection, and regulatory compliance. The form helps organizations make informed decisions about vendor relationships while maintaining compliance with Indonesian law and international risk management standards. It is particularly important for organizations handling sensitive data or operating in regulated industries.
Suggested Sections

1. Vendor Information: Basic details including company name, address, contact information, business registration numbers, and years in operation

2. Business Profile: Overview of vendor's business activities, size, market presence, and key services/products relevant to the assessment

3. Financial Assessment: Evaluation of vendor's financial stability, including financial statements, credit ratings, and bankruptcy history

4. Operational Risk Assessment: Assessment of operational capabilities, business continuity plans, and disaster recovery procedures

5. Information Security Assessment: Evaluation of cybersecurity measures, data protection protocols, and IT infrastructure security

6. Compliance and Regulatory: Assessment of regulatory compliance, licenses, certifications, and legal requirements

7. Data Privacy and Protection: Specific assessment of data handling practices and compliance with Indonesian Personal Data Protection Law

8. Third-Party Dependencies: Evaluation of vendor's critical suppliers and subcontractors

9. Risk Rating and Decision: Overall risk scoring, recommendation, and approval/rejection decision

Optional Sections

1. Industry-Specific Compliance: Additional compliance requirements for specific industries (e.g., financial services, healthcare)

2. Environmental Assessment: Evaluation of environmental impact and sustainability practices, used when environmental factors are relevant

3. Physical Security Assessment: Assessment of physical security measures, required when vendor handles physical assets or provides on-site services

4. Cloud Services Security: Detailed assessment of cloud security measures, applicable for cloud service providers

5. Supply Chain Risk Assessment: Detailed evaluation of supply chain risks, relevant for manufacturers or distributors

6. Personnel Security: Assessment of staff security measures, background checks, required for vendors with access to sensitive areas or information

Suggested Schedules

1. Documentation Checklist: List of required documents and certificates to be submitted with the assessment

2. Risk Scoring Matrix: Detailed scoring criteria and risk level definitions

3. Security Controls Checklist: Detailed checklist of required security controls and compliance measures

4. Incident Response Template: Template for reporting and handling security incidents

5. Financial Assessment Metrics: Detailed financial evaluation criteria and thresholds

6. Compliance Certification Requirements: List of required certifications and compliance standards

7. Service Level Requirements: Specific service level and performance requirements

8. Remediation Plan Template: Template for documenting and tracking risk remediation activities

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
















































Clauses






























Relevant Industries

Financial Services

Technology

Healthcare

Manufacturing

Retail

Telecommunications

Energy

Professional Services

Transportation and Logistics

Construction

Education

Government and Public Sector

Relevant Teams

Risk Management

Procurement

Vendor Management

Information Security

Compliance

Legal

Internal Audit

Operations

IT Security

Supply Chain

Data Protection

Relevant Roles

Chief Risk Officer

Procurement Manager

Vendor Management Specialist

Information Security Manager

Compliance Officer

Data Protection Officer

IT Security Manager

Supply Chain Manager

Operations Director

Legal Counsel

Internal Auditor

Business Continuity Manager

Third-Party Risk Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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