The Managing Third-Party and Vendor Risks course in Budapest teaches professionals how to identify, assess, and mitigate risks associated with third-party relationships and vendor management.
From:
23-03-2026
Course Overview
As organizations increasingly rely on third parties and vendors for critical operations, the risks associated with outsourcing and external dependencies have grown significantly. Issues such as non-compliance, cyber vulnerabilities, reputational risks, and supply chain disruptions can arise if vendor relationships are not properly governed.
This Managing Third-Party and Vendor Risks Training Course provides participants with frameworks and strategies to assess, monitor, and mitigate vendor-related risks. The course explores due diligence practices, contract compliance, ongoing monitoring, and the use of technology to enhance third-party governance.
Through case studies, scenario analysis, and interactive workshops, participants will learn how to build vendor risk management programs that align with enterprise risk frameworks and regulatory requirements.
Course Benefits
Strengthen third-party and vendor oversight frameworks.
Learn best practices for supplier due diligence and onboarding.
Improve monitoring of vendor performance and compliance.
Mitigate risks of outsourcing, supply chain, and cyber exposure.
Build long-term resilience through vendor governance.
Course Objectives
Define and categorize third-party and vendor risks.
Apply due diligence and vendor selection methodologies.
Develop monitoring and reporting frameworks for vendors.
Ensure compliance with regulatory and contractual obligations.
Use technology to enhance vendor risk monitoring.
Integrate third-party risk into enterprise risk management.
Build a culture of accountability in vendor relationships.
Training Methodology
The course combines expert-led lectures, real-world case studies, compliance simulations, and group workshops. Participants will practice vendor risk assessments and monitoring through applied exercises.
Target Audience
Supply chain and procurement managers.
Risk and compliance officers.
Vendor and third-party governance professionals.
Executives responsible for operational resilience.
Target Competencies
Third-party risk assessment.
Vendor compliance monitoring.
Outsourcing governance.
Supplier relationship management.
Course Outline
Unit 1: Introduction to Third-Party and Vendor Risk Management
Defining vendor and third-party risks.
Categories of risks: compliance, cyber, reputational, financial.
Lessons from third-party risk incidents.
Regulatory expectations for vendor oversight.
Unit 2: Due Diligence and Vendor Selection
Vendor onboarding and pre-contract assessments.
Tools for financial, legal, and compliance due diligence.
Screening for sanctions, ethics, and ESG risks.
Case study: vendor selection failures.
Unit 3: Contracting and Compliance Controls
Structuring contracts for risk and compliance.
Service level agreements (SLAs) and performance clauses.
Monitoring contractual compliance.
Managing legal and cross-border vendor risks.
Unit 4: Ongoing Vendor Monitoring and Risk Mitigation
Building frameworks for continuous monitoring.
Assessing vendor performance and compliance.
Tools for managing cyber and data risks.
Responding to vendor-related incidents.
Unit 5: Building Resilient Vendor Governance Programs
Integrating vendor risks into enterprise risk management.
Leveraging technology for vendor oversight (AI, automation).
Communicating risks to boards and stakeholders.
Future trends in third-party and vendor risk management.
Ready to strengthen vendor and third-party governance?
Join the Managing Third-Party and Vendor Risks Training Course with EuroQuest International Training and ensure resilience, compliance, and trusted supplier partnerships.
The Managing Third-Party and Vendor Risks Training Courses in Budapest provide professionals with a comprehensive approach to evaluating, monitoring, and mitigating risks associated with external partners, suppliers, and service providers. These programs are designed for procurement managers, compliance officers, risk analysts, legal advisors, supply chain professionals, and executives responsible for safeguarding organizational integrity while maintaining efficient commercial relationships.
Participants gain a clear understanding of third-party risk management frameworks, learning how to assess vendor reliability, review contractual obligations, and establish performance expectations that align with organizational standards. The courses emphasize due diligence practices, risk assessment methodologies, oversight mechanisms, and ongoing monitoring techniques. Through real-world case discussions and applied exercises, attendees learn to identify red flags, evaluate financial and operational stability, and develop mitigation strategies that reduce exposure to reputational, financial, and operational risks.
These vendor risk management training programs in Budapest also explore the increasing importance of transparency, accountability, and compliance in outsourced operations. Participants examine best practices in contract structuring, information security controls, regulatory alignment, and service-level performance monitoring. The curriculum balances conceptual insight with practical tools, enabling participants to design vendor risk policies, conduct audits, and implement reporting structures that support decision-making and organizational resilience.
Attending these training courses in Budapest provides a collaborative and internationally oriented learning environment. The city’s growing role in global business networks enhances peer exchange and supports deeper understanding of evolving third-party oversight challenges. By completing this specialization, participants will be equipped to manage vendor relationships strategically, ensure compliance with internal and external requirements, and support reliable supply and service continuity—strengthening operational stability and fostering trusted long-term partnerships in an increasingly interconnected global marketplace.