Merx #PRCP0003246

Third-Party Ongoing Monitoring and Cybersecurity Risks Ratings Solution for BDC

The Business Development Bank of Canada (BDC) is seeking a comprehensive solution to enhance its Third-Party Risk Management (TPRM) and cybersecurity risk monitoring capabilities. - Government Buyer: - Business Development Bank of Canada (BDC) - Products/Services Requested: - Third-Party Ongoing Monitoring and Cybersecurity Risks Ratings Solution - Purpose: Modernize and consolidate TPRM InfoSec capabilities - Requirements: - Structured, risk-based, and scalable management of third-party risks - Enhanced efficiency, governance, and visibility - Support for regulatory and organizational compliance - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Unique or Notable Requirements: - Solution must address the entire third-party risk lifecycle - Focus on ongoing monitoring and risk ratings - Must be adaptable to BDC's regulatory and organizational needs - Period of Performance: - Initial contract duration of 4 years - Option for an additional 48 months (total potential duration: 8 years) - Place of Performance: - Business Development Bank of Canada (federal office) - All of Canada (nationwide coverage)

Description

The Business Development Bank of Canada (BDC) is seeking proposals for a solution to modernize and consolidate its Third-Party Risk Management (TPRM) InfoSec capabilities. The goal is to implement a structured, risk-based, and scalable approach to managing third-party risks throughout their lifecycle. This initiative aims to improve efficiency, governance, and visibility in support of regulatory and organizational requirements. The contract duration is 4 years with an option for an additional 48 months.

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