Third Party Screening Solution

active

Bidding

The United Nations Joint Staff Pension Fund (UNJSPF), Office of Investment Management (OIM), is seeking Expression of Interest from qualified and experienced vendors to provide a third party screening solution to screen and monitor third parties against legal entity and ownership data, sanctions and enforcement lists, financial health indicators, and adverse media for a five year subscription term. The objective is to support compliance with United Nations Security Council resolutions, mitigate reputational risk, and align with industry best practices for third party engagement. The solution must cover the following: 1. Legal entity checks: Verify legal existence through official or reliable registry sources and confirm, at minimum, legal name, registration number, jurisdiction, registered address, and current status. 2. UBO information: Provide ultimate beneficial ownership data, including direct and indirect ownership where available, and identify key beneficial owners or controlling persons. 3. Financial health checks: Provide available indicators of insolvency, bankruptcy, financial distress, and material adverse change monitoring. 4. UN sanctions and enforcement lists: Screen third parties and relevant related parties against all United Nations sanctions lists and global legal and regulatory enforcement lists, with regular updates and alerts for new or changed matches. 5. Adverse media: Provide adverse media screening and ongoing monitoring across reliable news sources, covering key reputational risk topics such as fraud, corruption, money laundering, sanctions breaches, and other serious misconduct. Specific Requirements/Information The solution must provide the following capabilities and services: - Batch screening of high volumes of entities and related parties. - Add, update, and remove entities and related parties at any time. - Continuous monitoring for changes to sanctions, watchlists, regulatory or legal issues, adverse media, legal entity status, ownership, and financial distress. - Maintain current United Nations sanctions lists, with administrator-controlled configuration to activate, deactivate, add, or remove individual lists or categories without vendor support. - Configurable alerts and notifications based on keywords, severity, new matches, status changes, and material risk events. - Entity matching and deduplication to reduce duplicate records and false positives through name matching, alias handling, and record resolution. - Dashboards showing screening results, monitoring status, pending reviews, and trends. - Reporting and data export at alert, third party, and portfolio-wide levels. - Enable OIM users to add internal ratings, comments, dispositions, and review notes. - Case management or workflow to document review, escalation, clearance, and follow-up actions. - Search and filter capabilities for entities, alerts, and case records. - Audit trail of searches, matches reviewed, user actions, and timestamps. - API integration with Third Party Risk Management platforms. - Role-based access supporting current and future users. - User training, implementation support, and ongoing technical support.

United Nations Global Marketplace (UNGM)

Tender

Commercial, Residential