There is a degree of liability transfer to a vendor if they are responsible for security management on behalf of corporate security. The liability transfer concept allows the company to focus on its core business. However, vendors and clients have cut corners to come up with the lowest price for services. The idea of quality and value need to be introduced in the initial stages of the security procurement process. The purpose of this case study is to explore effective security sourcing strategies and governance, covering the following:
- Business requirements & Security Sourcing Strategy
- Evaluation, Adjudication & Due diligence
- Vendor Performance Management
Presented by: Malcolm Smith, Head: Group Security & Safety Services, Nedbank Group Ltd, South Africa
Malcolm is currently the Head of Group Security & Safety Services at Nedbank Ltd. He is responsible to ensure a secure and safe transacting environment across the group. His portfolio includes procurement, compliance, assurance, finance, physical security, executive support services and safety. Previously he was the Managing Director at Checkport (Pty) Ltd, Head of Security Africa for Diageo plc, Regional Security Manager Sub Sahara Africa for Shell International and Head of Security for Old Mutual SA. Malcolm holds an Executive MBA from Henley Reading UK and a Bachelor of Laws degree from the University of South Africa. Malcolm currently serves as Regional (10A Africa) Vice President and Member of The ASIS International Strategic Planning Committee. He is also a member of the Chief Security Officers Roundtable. Malcolm has delivered presentations [in Hong Kong, Dubai, Lisbon, Kuala Lumpur, Atlanta etc.] on various security risk management and business related topics.