Third Party Vendor Risk Management Course

The Third Party Vendor Risk Management course is designed to equip professionals with the essential knowledge and tools to identify, assess, mitigate, and monitor risks associated with external vendors. This course is best suited for compliance officers, risk managers, procurement professionals, IT security teams, and business leaders who are responsible for managing vendor relationships or overseeing organizational risk.

Whether you’re in a startup looking to build your first TPRM process or part of a mature enterprise refining your strategy, this course provides actionable insights and resources to help you make informed decisions, reduce exposure, and strengthen your third-party ecosystem.

What Will You Learn?

• Understand Third-Party Risk Management: Learn what third-party risk is and why managing it is essential for your organization’s security and compliance.
• Vendor Classification and Prioritization: Discover how to categorize vendors based on risk and business impact to streamline oversight and resource allocation.
• Due Diligence Best Practices: Learn the essential steps and tools needed to thoroughly evaluate potential vendors before onboarding.
• Assessing Vendor Risk: Explore techniques and frameworks to identify, measure, and document vendor risk profiles effectively.
• Using Risk Tiers: Understand how to apply vendor risk tiers and what each level means for monitoring and management responsibilities.
• Informed Vendor Selection: Gain skills to balance cost, risk, and value when choosing vendors—and how to document decisions with clarity.
• Risk Mitigation Strategies: Learn to implement controls, safeguards, and contingency plans that reduce the risk exposure from third parties.
• Ongoing Monitoring and Audits: Master techniques for continuously tracking vendor performance, conducting audits, and ensuring compliance.
• Incident Management and Response: Prepare for and manage vendor-related incidents with clear communication, defined roles, and fast resolution strategies.
• Building Vendor Ecosystem Resilience: Develop a long-term approach to strengthening your third-party ecosystem through proactive risk governance.