Logo Loader
Course
/ courses / Managing Third-Party and Vendor Risks

|

The Managing Third-Party and Vendor Risks training course in Madrid is designed to help professionals identify, assess, and manage risks associated with third-party vendors and external partners.

Madrid

Fees: 5900
From: 04-05-2026
To: 08-05-2026

Managing Third-Party and Vendor Risks

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.

Managing Third-Party and Vendor Risks

The Managing Third-Party and Vendor Risks Training Courses in Madrid provide professionals with a comprehensive framework for overseeing and mitigating risks associated with external partners, suppliers, and service providers. Designed for procurement managers, compliance officers, risk analysts, and business leaders, these programs offer practical strategies for ensuring that third-party relationships support organizational performance while minimizing exposure to regulatory, operational, financial, and cybersecurity risks.

Participants explore the essential components of third-party risk management, including due diligence procedures, vendor evaluation, contract compliance, performance monitoring, and incident response planning. The courses emphasize the importance of identifying dependencies, assessing vendor capabilities, and implementing controls that safeguard organizational interests. Through real-world case studies and interactive exercises, attendees learn how to conduct risk assessments, establish governance frameworks, and integrate vendor oversight mechanisms into broader enterprise risk management structures.

These vendor and third-party risk management training programs in Madrid combine theoretical foundations with applied learning. Key topics include data protection risks, supply chain vulnerabilities, ethical sourcing, business continuity considerations, and strategies for managing high-risk or critical vendors. Participants also examine emerging challenges posed by digital services, cloud providers, and technology partners, ensuring they are prepared to respond to evolving third-party risk landscapes.

Attending these training courses in Madrid offers professionals a valuable opportunity to engage with global experts and peers from diverse industries. Madrid’s dynamic business environment enriches the learning experience, fostering productive discussions around best practices, regulatory expectations, and innovative approaches to managing vendor ecosystems. By completing this specialization, participants will be equipped to strengthen third-party governance, enhance contractual safeguards, and support organizational resilience through proactive and comprehensive vendor risk management practices.