Governance and ComplianceThird Party and Vendor Risk Management Framework
Organisations outsource activity but cannot outsource accountability for it, and most third party programmes collect questionnaires without ever verifying an answer. This course covers a programme that reduces real risk. Delegates work through building a third party inventory and tiering it by criticality rather than by spend, due diligence proportionate to that tier, and the contractual provisions that make assurance possible: audit rights, notification duties and exit assistance. Ongoing monitoring is covered, along with concentration risk and the fourth parties sitting behind your own suppliers. Incidents that occur at a third party are addressed, including who is obliged to tell whom and when. The course closes on exit planning and on the supplier who has become impossible to replace.
Course objectives
- Build a third party inventory tiered by criticality rather than spend
- Conduct due diligence proportionate to the tier
- Verify answers rather than collecting questionnaires
- Secure audit rights, notification duties and exit assistance in contract
- Monitor performance and assess concentration risk
- Identify fourth party dependencies behind your suppliers
- Manage a third party incident and plan a workable exit
Who should attend
- Procurement and vendor management leaders
- Operational risk and outsourcing risk managers
- Compliance officers overseeing third party programmes
- Internal auditors reviewing supplier arrangements
- Legal counsel drafting vendor contracts
Course outline
- 01Outsourced activity, retained accountability
- 02Inventory and tiering by criticality
- 03Proportionate due diligence
- 04Verifying rather than collecting answers
- 05Contractual assurance provisions
- 06Ongoing monitoring and concentration risk
- 07Fourth parties and hidden dependencies
- 08Incidents at a third party and exit planning
Scheduled sessions
| Dates | Venue | Format | Price | Register |
|---|---|---|---|---|
| 12 to 14 October 2026 | Pretoria, South Africa | Classroom | R14,950 per delegate | Register Now |
| 21 to 23 October 2026 | Maputo, Mozambique | Classroom | USD 995 per delegate | Register Now |
| 16 to 18 December 2026 | Online | Online | R6,500 per delegate | Register Now |
| 22 to 24 February 2027 | Lusaka, Zambia | Classroom | USD 995 per delegate | Register Now |
| 10 to 12 March 2027 | Lagos, Nigeria | Classroom | USD 995 per delegate | Register Now |