Introduction

Third-party and vendor relationships are critical for business operations, but they also introduce significant compliance, operational, and reputational risks. Effective management of these relationships ensures regulatory adherence, risk mitigation, and operational efficiency. This training equips participants with practical strategies and frameworks to manage vendor compliance throughout the engagement lifecycle—from onboarding to monitoring and auditing.

Training Objectives

By the end of this training, participants will be able to:

1. Understand the importance of 3rd party and vendor compliance management.
2. Identify and assess risks associated with vendors and suppliers.
3. Implement robust compliance frameworks for vendor management.
4. Monitor, audit, and mitigate vendor-related risks effectively.
5. Align vendor compliance practices with organizational governance and regulatory requirements.

Expected Outcomes

Participants will gain the ability to:

• Conduct risk assessments for vendors and suppliers.
• Develop and implement effective vendor compliance policies and controls.
• Monitor vendor performance and adherence to contractual and regulatory requirements.
• Mitigate operational, financial, and reputational risks from third-party relationships.
• Ensure audit readiness and proper documentation of vendor compliance.
• Integrate best practices for sustainable vendor management.

Training Methods

• Interactive lectures and concept discussions
• Case studies on vendor compliance failures and successes
• Hands-on workshops for risk assessment and control design
• Group exercises and role-playing scenarios
• Tools provided: vendor risk assessment templates, compliance checklists, monitoring dashboards
• Q&A and peer knowledge exchange

Training Modules

Module 1: Introduction to Vendor Compliance Management

• Importance of vendor compliance
• Types of vendors and associated risks
• Compliance lifecycle and regulatory requirements

Module 2: Vendor Risk Assessment

• Risk categories: operational, financial, regulatory, reputational
• Vendor due diligence processes
• Risk scoring, prioritization, and heat maps

Module 3: Designing Vendor Compliance Controls

• Control frameworks and monitoring mechanisms
• Contractual clauses for compliance
• Preventive, detective, and corrective control measures

Module 4: Monitoring & Auditing Vendors

• Key performance and compliance indicators
• Auditing vendor adherence
• Escalation and remediation processes

Module 5: Mitigating Vendor Risks

• Risk response strategies: avoid, reduce, transfer, accept
• Fraud prevention and cybersecurity in vendor relationships
• Business continuity planning involving critical vendors

Module 6: Best Practices & Case Studies

• Benchmarking vendor compliance practices
• Real-life case studies and lessons learned
• Practical exercises: designing vendor compliance frameworks

Module 7: Integration with Governance & ESG

• Embedding vendor compliance into organizational strategy
• Alignment with ESG, regulatory, and governance requirements
• Reporting and management dashboards

Training Materials Provided

• Comprehensive Participant Handbook / PDF Module
• Vendor Risk Assessment Templates & Checklists
• Compliance Control Framework Guides
• Case Study Exercises

Trainer Profile

Mohammad Abdur Rahman – Specialist Trainer in 3rd Party & Vendor Compliance Management. Mohammad Abdur Rahman is a seasoned Compliance and Risk Management professional with 19 years of hands-on experience in organizational risk management and 16 years as a freelance auditor, consultant, and trainer. He specializes in 3rd party and vendor compliance, helping organizations identify, assess, and mitigate vendor-related risks. Known for his practical and actionable approach, he equips professionals to build robust vendor compliance frameworks and ensure regulatory adherence.

Course Summary:

·       Online Virtual & In Personal Classroom Training

·       04 Modules & 08 Sessions (Online Training)

·       Day Long (9:00 AM-5:00 PM)-8 Hours for Classroom Training

·       Google Meet Link’s Training (For Online)

·       Certificate Course & Certificate shall be awarded

·       04 Soft PDF Training Module shall provide

Registration Hotlines:

01739-138399

01312-138399

01824-576598

01772-825678