Introduction

Vendor relationships are vital to business operations, yet they carry significant operational, financial, compliance, and reputational risks. This training focuses on practical approaches to assess vendor risks systematically and implement best practices for compliance. Participants will gain hands-on skills to evaluate vendor performance, monitor compliance, and mitigate associated risks effectively.

Training Objectives

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

• Understand the key principles of vendor risk assessment and compliance management.
• Identify and categorize risks associated with third-party vendors.
• Conduct due diligence and risk assessments for vendors and suppliers.
• Implement effective compliance controls and monitoring mechanisms.
• Apply best practices to mitigate vendor-related operational, financial, and regulatory risks.
• Ensure audit readiness and proper documentation of vendor compliance.

Expected Outcomes

Participants will gain the ability to:

• Conduct thorough vendor risk assessments using structured tools and templates.
• Develop risk mitigation strategies tailored to vendor types and risk categories.
• Design compliance frameworks and monitoring mechanisms for vendor management.
• Integrate vendor compliance practices with corporate governance and ESG initiatives.
• Monitor vendor performance and compliance consistently through KPIs and dashboards.
• Apply lessons learned from real-life case studies to their organizations.

Training Methods

• Interactive lectures and concept discussions
• Real-life case studies of vendor compliance successes and failures
• Hands-on workshops for risk assessment and compliance framework development
• Group exercises and role-playing scenarios
• Tools: vendor risk assessment templates, compliance checklists, monitoring dashboards
• Q&A and peer knowledge exchange

Training Modules

Module 1: Introduction to Vendor Risk and Compliance

• Importance of vendor risk management
• Types of vendors and associated compliance risks
• Regulatory requirements and governance frameworks

Module 2: Vendor Risk Assessment Techniques

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

Module 3: Designing Compliance Controls for Vendors

• Preventive, detective, and corrective controls
• Contractual clauses for risk mitigation
• Monitoring mechanisms and reporting

Module 4: Vendor Monitoring and Auditing

• Key compliance and performance indicators
• Conducting vendor audits and assessments
• Escalation and remediation processes

Module 5: Risk Mitigation Strategies

• Risk response options: avoid, reduce, transfer, accept
• Fraud prevention and cybersecurity considerations
• Business continuity and critical vendor planning

Module 6: Best Practices and Case Studies

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

Module 7: Integration with Corporate Governance & ESG

• Aligning vendor compliance with organizational strategy
• ESG and sustainability considerations
• Reporting dashboards for management and board

Training Materials Provided

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

Trainer Profile

Mohammad Abdur Rahman – Specialist Trainer in Vendor Risk & 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 vendor risk assessment and 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

WhatsApp Number:

01739-138399

01312-138399

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Registration Fee:

Online Mode:

BDT 3500/- Per Person

In person Classroom Training:

BDT 4000/- Per Person

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Payment Modes:

Bkash A/C: 01739-138399 (Personal)

Nagad A/C: 01739-138399 (Personal)

DBBL Rocket A/C: 01739-1383997 (Personal)

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DBBL Nexus Pay-01:

Card Number:0121 0845 8527

A/C Name: Mohammad Abdur Rahman

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Bank Account Number

A/C NAME: MOHAMMAD ABDUR RAHMAN

A/C NUMBER: 3001570018186

ROUTING NUMBER: 090262087

BRANCH: IBRAHIMPUR BANK: DUTCH-BANGLA BANK LTD.

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Email: compliancetrainingbd2019@gmail.com

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