The Managing Third-Party and Vendor Risks in Vienna is a training course designed to help professionals monitor, assess, and mitigate risks associated with external partners and vendors.
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 Vienna offer professionals the knowledge and strategies necessary to effectively manage the risks associated with third-party vendors and external partnerships. These programs are designed for procurement managers, compliance officers, risk managers, and contract managers who are responsible for ensuring that third-party relationships align with organizational objectives while mitigating potential risks.
Participants will gain a comprehensive understanding of third-party and vendor risk management, focusing on how to identify, assess, and manage risks associated with outsourcing, procurement, and external collaborations. The courses cover critical topics such as vendor selection, contract negotiation, risk assessments, and ongoing monitoring. Attendees will explore key risk factors including operational, financial, legal, and reputational risks, and learn strategies to protect their organization from potential vulnerabilities in their third-party relationships. Through expert-led sessions, real-world case studies, and interactive workshops, participants will learn how to implement robust vendor risk management frameworks, ensuring compliance with regulatory requirements and organizational policies.
These vendor risk management training programs in Vienna also focus on the integration of digital tools and technologies to streamline risk monitoring, such as vendor management systems (VMS), data analytics, and automated risk reporting. Participants will explore how to develop comprehensive risk mitigation plans, set performance expectations, and conduct regular audits to ensure vendor performance and adherence to contract terms. Additionally, the course covers compliance with global standards and regulations, such as GDPR, and the importance of maintaining security and privacy in vendor relationships.
Attending these training courses in Vienna provides professionals with the opportunity to engage with global experts and peers, sharing best practices and insights into managing third-party risks in a rapidly evolving business environment. Vienna’s position as an international business hub offers an ideal setting for exploring the latest trends and challenges in vendor risk management. By completing this specialization, participants will be equipped to lead third-party risk initiatives, enhance vendor management strategies, and ensure compliance and operational continuity in their organizations.