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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions (Q25-Q30):

NEW QUESTION # 25
Advanced Third-party Risk Assessment Calculations might include analysis of:
Response:

A. The preference of third parties for specific types of coffee in the office.
B. The aesthetic appeal of third-party marketing materials.
C. Predictive modeling based on current risk trends and third-party behaviors.
D. The number of social media followers a third party has.

Answer: C

NEW QUESTION # 26
In what way do dashboards contribute to regulatory compliance within third-party risk management?
Response:

A. By enhancing the aesthetic appeal of compliance reports.
B. By restricting user access to certain data.
C. By providing visual evidence of compliance activities and outcomes.
D. By automatically filing compliance documents.

Answer: C

NEW QUESTION # 27
Which feature in ServiceNow GRC is crucial for ensuring continuous compliance monitoring of third-party risks?
Response:

A. Static risk reports
B. Annual risk assessment schedules
C. Automated workflows and real-time data feeds
D. Manual data entry

Answer: B

NEW QUESTION # 28
Effective management of the Third-party Risk Assessment Lifecycle requires:
(Choose two)
Response:

A. Isolation of the risk assessment team from other business units to prevent bias.
B. Engagement with third parties for feedback on the assessment process.
C. Regular updates to risk assessment criteria based on changing risk landscapes.
D. Dependence on third-party self-assessment without verification.

Answer: A,D

NEW QUESTION # 29
Continuous monitoring in TPRM should include:
Response:

A. Periodic risk assessments only
B. Exclusive reliance on annual audits
C. Sole focus on the third-party's technological infrastructure
D. Monitoring of the third party's financial stability, operational performance, and compliance with SLAs

Answer: D

NEW QUESTION # 30
......

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