The Managing Third-Party and Vendor Risks training course in Kuala Lumpur is designed to help professionals effectively assess and manage risks associated with third-party vendors and external partners.
From:
27-04-2026
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 Kuala Lumpur provide professionals with a structured and practical framework for identifying, assessing, and mitigating risks arising from external partners, suppliers, and service providers. This specialization is designed for risk managers, procurement professionals, compliance officers, and business leaders responsible for safeguarding organizational resilience, operational continuity, and strategic performance across extended value chains.
Participants explore the core principles of third-party and vendor risk management, including risk classification, due diligence processes, contract risk evaluation, and ongoing performance monitoring. The programs emphasize how dependencies on vendors introduce operational, financial, cybersecurity, and reputational risks—and how these risks can be effectively controlled through governance structures and proactive oversight. Through applied case studies and scenario-based learning, participants develop the ability to assess vendor criticality, manage lifecycle risks, and respond to emerging threats.
These vendor risk management training programs in Kuala Lumpur balance conceptual understanding with practical application. Participants gain hands-on experience in designing risk assessment frameworks, establishing key risk indicators, integrating vendor risks into enterprise risk management, and strengthening coordination between procurement, legal, IT, and compliance functions. The curriculum highlights the importance of clear accountability, contractual safeguards, and continuous monitoring to ensure third-party relationships support organizational objectives rather than undermine them.
Attending these training courses in Kuala Lumpur offers an interactive learning experience led by experts with cross-industry perspectives. The city’s role as a regional business and supply-chain hub enriches discussions on global sourcing and risk governance. By completing this specialization, participants emerge equipped to build resilient third-party risk programs, enhance supplier oversight, and protect organizational value in an increasingly interconnected and outsourced business environment.