Vendor Risk Management

What You Will Learn

• 1 Learn the fundamentals of vendor risk management and its role in enterprise risk management.
• 2 Identify and categorize vendors based on risk exposure and business impact.
• 3 Conduct thorough due diligence assessments covering financial, operational, and security domains.
• 4 Allocate risk effectively through contractual provisions and insurance requirements.
• 5 Monitor vendor performance using KPIs, scorecards, and continuous monitoring tools.
• 6 Assess vendor security and data privacy controls in compliance with regulations.
• 7 Apply regulatory requirements such as SOX, GDPR, and Basel III to vendor management.
• 8 Develop business continuity and disaster recovery plans for critical vendors.
• 9 Manage vendor termination and exit transitions to minimize disruption.
• 10 Build and sustain an enterprise vendor risk management program with governance and reporting.