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 Geneva provide professionals with the knowledge and practical skills to identify, assess, and mitigate risks associated with external suppliers, vendors, and partners. Designed for procurement managers, risk officers, compliance professionals, and senior executives, these programs focus on building robust vendor management frameworks that protect organizational assets, ensure compliance, and enhance operational resilience.
Participants explore the fundamentals of third-party and vendor risk management, including risk assessment, due diligence, contract evaluation, performance monitoring, and regulatory compliance. The courses emphasize how effective management of supplier relationships can prevent operational disruptions, financial losses, and reputational damage. Through case studies, interactive workshops, and scenario-based exercises, attendees learn to implement risk mitigation strategies, monitor vendor performance, and respond proactively to emerging threats in complex supply chains.
These vendor risk management training programs in Geneva also highlight the integration of third-party oversight with organizational governance, procurement policies, and operational strategy. Participants gain practical skills in developing risk management frameworks, establishing monitoring processes, conducting audits, and implementing corrective actions to ensure vendor compliance and accountability. The curriculum balances theoretical concepts with applied practice, enabling professionals to translate risk management principles into actionable strategies that protect the organization and support business objectives.
Attending these training courses in Geneva offers professionals a dynamic international learning environment, enriched by expert instruction and collaboration with peers from diverse industries. The city’s position as a global business and financial hub provides exposure to best practices, innovative risk management approaches, and cross-industry perspectives on vendor oversight. By completing this specialization, participants will be equipped to manage third-party and vendor risks effectively, enhance supply chain resilience, ensure regulatory compliance, and safeguard organizational performance in today’s complex, interconnected business environment.