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Vendor Risk Management Training

Third Party Risk Management Trainings– A Key Risk Pillar

In today's interconnected business landscape, Third Party Risk Management (TPRM) has become a critical component for sustaining business success. Riskpro offers an in-depth training program on TPRM, equipping your organization with the knowledge and tools necessary to manage third-party risks effectively.

  • Increasing reliance on Third Party vendors , suppliers, contractors, and service-providers in the interconnected business world
  • Regulatory Requirements for companies often extend to the Third parties, so ensuring their compliance is imperative
  • Disruptions in the Supply Chain due to lack of resilience at Third party to operational issues, natural disasters and financial instability could have direct company’s ability to operate and serve its customers
  • Data Protection and Privacy laws require companies to ensure appropriate handling by its third parties
  • Reputation and Brand of a company can be materially impacted by data breaches, fraud, unethical practices or image of its third parties
  • Cybersecurity and Technology risks are enhanced for a company having multiple vendor touchpoints
  • Appropriate Contractual controls are essential for a company to derive optimal value from its third parties
 
Emerging Trends in Third Party Risk Management 

Our training also addresses emerging trends in Third Party Risk Management, including:

  • Automation and technology enablement
  • ESG (Environmental Social Governance) considerations
  • Integrated cybersecurity strategies
  • Risk measurement beyond third parties to include fourth-party risks
  • The shift from periodic to continuous monitoring
  • Supply chain resilience and data privacy concerns
  • The growing regulatory focus on third-party-specific risks
  • Automation and Technology Enablement
  • ESG (Environmental Social Governance) Considerations
  • Integrated Cybersecurity Posturing
  • Comprehensive Risk Measurement including Fourth parties
  • Shift from Periodic to Continuous Monitoring
  • Data Privacy  Concerns
  • Supply Chain Resilience
  • Quantifiable Risk Metrics
  • Regulatory Focus on Third party specific risks
  • Board attention and reporting

To know more contact us at info@riskpro.in