Third-Party Compliance Risk Management Training Course

ICTI and Partner Certification

1 Week

20 Hours

Classroom, In-House, Online

Price: £3500

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The Third-Party Compliance Risk Management Training Course by Imperial Corporate Training Institute is designed to strengthen organisational capabilities in identifying, assessing, monitoring, and mitigating compliance risks arising from external business relationships. Organisations increasingly rely on suppliers, vendors, contractors, consultants, agents, distributors, and strategic partners to support their operations. While these relationships create commercial opportunities, they also introduce regulatory, financial, operational, ethical, and reputational risks that require structured oversight.

Effective third-party compliance management enables organisations to maintain control over external relationships while protecting business continuity, regulatory standing, and corporate integrity. Inadequate supplier screening, inconsistent due diligence, weak contractual controls, and insufficient monitoring can expose organisations to bribery, fraud, conflicts of interest, sanctions breaches, data protection failures, and other compliance violations. A structured approach ensures that third-party relationships meet internal standards and applicable regulatory requirements throughout the business relationship lifecycle.

This programme focuses on Third-Party Risk and Compliance Training, equipping corporate professionals with the capabilities required to establish effective governance arrangements, implement risk-based assessment procedures, and strengthen third-party oversight. Participants examine practical approaches to third-party compliance risk assessment, vendor risk management, supplier due diligence, and third-party regulatory compliance within complex commercial environments.

The course addresses the full third-party lifecycle, from initial identification and onboarding to ongoing monitoring, contract management, performance reviews, and relationship termination. It emphasises the integration of compliance requirements into procurement, legal review, risk management, finance, operations, and corporate governance processes. Participants develop a structured understanding of how organisations can evaluate third-party exposure, apply proportionate controls, maintain reliable documentation, and escalate emerging concerns before they develop into significant business issues.

Imperial Corporate Training Institute delivers this programme with a corporate focus, connecting compliance frameworks to practical management decisions, supplier relationships, operational controls, and accountability requirements. The training supports organisations seeking consistent third-party risk management practices across departments, geographical markets, business units, and supply chains.

Through this course, professionals strengthen their ability to evaluate external business relationships, establish appropriate compliance requirements, improve coordination between internal stakeholders, and support informed decisions about third-party engagement. The programme also addresses the importance of reliable reporting, clear ownership, effective remediation, and continuous improvement in maintaining a resilient third-party compliance framework.

Objectives

The Third-Party Compliance Risk Management Training Course establishes clear operational and governance objectives to help professionals improve their organisation’s management of external compliance exposure.

By the end of the programme, participants will be able to:

Develop third-party compliance strategies aligned with corporate objectives, organisational risk appetite, internal policies, and applicable regulatory obligations.
Conduct third-party compliance risk assessment by identifying potential legal, regulatory, financial, operational, ethical, and reputational exposures associated with external relationships.
Strengthen vendor risk management through structured evaluation criteria, risk classification, control requirements, and ongoing performance oversight.
Implement effective supplier due diligence procedures to verify third-party identities, ownership structures, business activities, integrity, and relevant compliance history.
Evaluate third-party regulatory compliance requirements across applicable jurisdictions, industry environments, contractual arrangements, and business activities.
Establish risk-based onboarding procedures that determine the level of screening, approval, documentation, and oversight required before entering into external business relationships.
Improve anti-bribery and corruption controls by identifying warning signs involving intermediaries, agents, distributors, contractors, and other business partners.
Integrate sanctions and financial crime screening into third-party assessment and monitoring processes where relevant to the organisation’s activities.
Strengthen contractual compliance provisions through appropriate representations, audit rights, reporting obligations, data protection requirements, and termination provisions.
Establish continuous monitoring arrangements that identify changes in third-party ownership, financial stability, regulatory status, operational performance, and compliance exposure.
Improve cross-functional collaboration between compliance, procurement, legal, finance, information security, operations, and business leadership.
Develop effective escalation and remediation procedures for managing suspected misconduct, control failures, adverse findings, and contractual breaches.
Enhance compliance documentation and reporting to support management oversight, internal audits, regulatory enquiries, and evidence-based decision-making.
Apply risk-based resource allocation by directing enhanced scrutiny and monitoring towards third parties presenting higher levels of compliance exposure.
Promote accountability and continuous improvement through measurable performance indicators, periodic reviews, management reporting, and lessons learned from incidents.

These objectives support a consistent and commercially practical approach to third-party compliance, helping organisations balance operational efficiency with effective risk control.

Target Audience

The Third-Party Compliance Risk Management Training Course is suitable for professionals responsible for managing external business relationships, overseeing compliance obligations, evaluating supplier performance, and protecting organisations from third-party exposure.

Compliance and Risk Management Professionals

Compliance officers, compliance managers, risk analysts, enterprise risk managers, and regulatory affairs professionals will benefit from developing a more structured approach to identifying and managing third-party compliance risks. The programme supports professionals responsible for maintaining compliance frameworks, evaluating external relationships, reviewing control effectiveness, and coordinating responses to potential violations.

Procurement and Supply Chain Managers

Procurement managers, sourcing specialists, supply chain leaders, purchasing officers, and vendor management professionals will gain practical insight into integrating compliance requirements into supplier selection, onboarding, contracting, performance management, and renewal decisions. The course is particularly relevant to professionals managing large supplier networks or operating in complex international supply chains.

Legal and Contract Management Professionals

Corporate lawyers, legal advisers, contract managers, and commercial governance specialists will strengthen their understanding of contractual compliance controls, third-party obligations, due diligence findings, breach management, and termination considerations. The programme helps these professionals incorporate risk-based requirements into commercial agreements and relationship governance.

Internal Audit and Assurance Teams

Internal auditors, assurance managers, audit supervisors, and control specialists will develop a clearer understanding of third-party risk frameworks, supporting documentation, monitoring controls, and compliance evidence. The course assists assurance teams in evaluating whether third-party governance arrangements operate effectively and whether identified weaknesses receive appropriate remediation.

Finance and Financial Crime Professionals

Finance managers, financial controllers, anti-money laundering specialists, fraud prevention professionals, and financial crime compliance teams will benefit from examining third-party exposure involving suspicious payments, beneficial ownership, conflicts of interest, fraud indicators, sanctions restrictions, and improper financial arrangements.

Information Security and Data Protection Professionals

Information security managers, data protection officers, cybersecurity professionals, and technology risk specialists will gain insight into third-party risks involving confidential information, personal data, system access, outsourced services, and technology providers. The programme supports coordination between compliance and information security functions when assessing external service providers.

Senior Management and Corporate Governance Leaders

Directors, department heads, senior executives, procurement leaders, and governance professionals will gain a stronger understanding of accountability for third-party compliance oversight. The course supports management decisions concerning risk acceptance, supplier engagement, remediation priorities, and the allocation of resources to higher-risk relationships.

Business Development and Relationship Managers

Commercial managers, partnership managers, international business development professionals, and relationship owners will learn how compliance requirements influence the selection and management of agents, distributors, consultants, joint venture partners, and strategic business associates.

The programme is also appropriate for professionals seeking to improve their understanding of third-party compliance frameworks and strengthen their contribution to organisational risk management.

Course Modules

The role of third-party compliance within corporate governance and enterprise risk management.
Key categories of external business relationships and associated compliance exposure.
Regulatory, financial, operational, ethical, and reputational risks arising from third-party engagement.
The relationship between compliance policies, procurement procedures, contractual controls, and business objectives.
Organisational accountability for third-party selection, approval, oversight, and risk acceptance.
Core principles of risk-based third-party management and proportional control implementation.
Establishing a consistent third-party compliance management framework across business units.

Identifying inherent risks associated with suppliers, contractors, intermediaries, consultants, and business partners.
Evaluating third-party activities, ownership structures, geographical exposure, and business operating models.
Assessing regulatory, financial crime, bribery, corruption, fraud, and conflict-of-interest risks.
Developing risk assessment criteria, scoring methodologies, and classification thresholds.
Distinguishing inherent risk from residual risk following the application of controls.
Evaluating the effectiveness of existing safeguards and identifying control deficiencies.
Establishing risk acceptance criteria and escalation requirements for significant findings.
Documenting assessment results to support consistent decisions and management accountability.

Establishing governance structures for vendor risk management throughout the relationship lifecycle.
Defining responsibilities for procurement, compliance, legal, finance, operations, and business owners.
Integrating vendor risk assessment into sourcing, tendering, selection, and approval processes.
Developing vendor segmentation models based on risk exposure, business criticality, and service dependency.
Establishing minimum compliance standards for vendor onboarding and relationship approval.
Evaluating vendor performance against contractual, operational, ethical, and compliance requirements.
Managing vendor exceptions, policy deviations, and approval requests through controlled procedures.
Implementing periodic vendor reviews and management reporting arrangements.

Designing risk-based supplier due diligence procedures for different third-party categories.
Verifying supplier identity, legal registration, ownership, and beneficial ownership information.
Reviewing corporate structures, business activities, financial information, and relevant public records.
Identifying politically exposed persons, sanctions exposure, adverse media, and potential integrity concerns where relevant.
Evaluating supplier relationships involving government officials, intermediaries, and high-risk jurisdictions.
Identifying warning signs associated with fraud, bribery, corruption, undisclosed conflicts, and misleading documentation.
Applying enhanced due diligence where risk indicators justify additional scrutiny.
Establishing documentation standards, approval criteria, and procedures for resolving due diligence gaps.

Identifying regulatory obligations relevant to third-party relationships and outsourced business activities.
Understanding the compliance implications of anti-bribery, anti-corruption, sanctions, and financial crime requirements.
Assessing applicable data protection, confidentiality, cybersecurity, and information handling obligations.
Reviewing regulatory exposure associated with international suppliers and cross-border commercial arrangements.
Understanding the relationship between internal compliance policies and external contractual obligations.
Establishing procedures for communicating compliance requirements to third parties.
Monitoring changes in relevant regulatory obligations and evaluating their impact on existing relationships.
Maintaining evidence of compliance reviews, approvals, and corrective actions.

Identifying third-party bribery and corruption risks in procurement and commercial transactions.
Assessing agents, consultants, distributors, introducers, and intermediaries operating on behalf of the organisation.
Recognising suspicious commissions, unusual payment requests, facilitation payments, and improper incentives.
Managing conflicts of interest involving employees, suppliers, and external business partners.
Establishing ethical conduct requirements and communicating expectations to third parties.
Integrating fraud prevention controls into supplier selection, payment authorisation, and contract administration.
Developing procedures for reporting suspected misconduct and investigating compliance concerns.
Implementing proportionate responses to confirmed or suspected ethical violations.

Incorporating compliance requirements into supplier contracts and commercial agreements.
Defining third-party obligations concerning legal compliance, ethical conduct, and internal policies.
Establishing appropriate audit rights, information access provisions, and cooperation requirements.
Addressing data protection, confidentiality, information security, and subcontracting responsibilities.
Defining notification requirements for regulatory investigations, ownership changes, and material compliance incidents.
Establishing contractual provisions for corrective action, suspension, and termination.
Evaluating compliance commitments during contract negotiations and renewal processes.
Aligning contractual safeguards with identified risk levels and operational requirements.

Developing continuous and periodic monitoring arrangements for third-party relationships.
Reviewing changes in ownership, financial condition, regulatory status, and business activities.
Monitoring adverse media, sanctions developments, regulatory actions, and relevant integrity indicators.
Establishing review frequencies based on third-party risk classifications.
Integrating compliance monitoring with vendor performance reviews and contract management activities.
Defining escalation triggers for material changes in third-party risk exposure.
Maintaining accurate records of monitoring results, identified concerns, and management decisions.
Using performance indicators to evaluate the effectiveness of third-party compliance controls.

Identifying and classifying third-party compliance incidents and suspected control failures.
Establishing reporting channels and escalation procedures for compliance concerns.
Coordinating internal investigations involving procurement, legal, compliance, audit, and business management.
Preserving relevant documentation and maintaining appropriate records of investigation activities.
Evaluating the commercial, regulatory, financial, and reputational implications of identified incidents.
Developing corrective action plans and assigning responsibility for remediation.
Managing supplier suspension, relationship restrictions, contract termination, and alternative sourcing decisions.
Applying lessons learned to strengthen risk assessment methodologies and preventive controls.

Developing third-party compliance dashboards and management information reports.
Defining key risk indicators and key performance indicators for third-party oversight.
Reporting material compliance exposures, overdue reviews, due diligence gaps, and unresolved findings.
Preparing documentation for internal audits, management reviews, and relevant regulatory enquiries.
Evaluating the consistency and effectiveness of third-party compliance procedures across departments.
Assessing opportunities to automate screening, workflow management, documentation, and monitoring activities.
Establishing periodic reviews of policies, procedures, controls, and third-party risk methodologies.
Developing improvement plans that strengthen accountability, operational efficiency, and compliance resilience.

FAQs

What is covered in the Third-Party Compliance Risk Management Training Course?

The course covers third-party compliance risk assessment, vendor risk management, supplier due diligence, regulatory compliance, anti-bribery controls, contractual safeguards, ongoing monitoring, incident management, and compliance reporting.

Who should attend this third-party compliance training course?

The programme is suitable for compliance officers, risk managers, procurement professionals, supply chain managers, internal auditors, legal advisers, contract managers, finance professionals, and senior executives responsible for external business relationships.

Why is third-party compliance risk management important?

Third-party compliance risk management helps organisations identify and control exposure arising from suppliers, contractors, agents, consultants, and business partners. Effective oversight supports regulatory compliance, protects corporate reputation, strengthens contractual controls, and reduces the likelihood of misconduct or operational disruption.

How does the course address supplier due diligence?

The course examines risk-based screening, ownership verification, beneficial ownership checks, adverse media reviews, sanctions exposure, integrity indicators, enhanced due diligence, and documented approval procedures. These practices help organisations make better-informed decisions before establishing or continuing third-party relationships.

How can organisations apply the knowledge gained from this course?

Organisations can apply the knowledge to improve third-party onboarding, standardise risk assessments, strengthen supplier monitoring, enhance contractual compliance requirements, improve escalation procedures, and establish more effective reporting and remediation processes.

Course Dates

Availiable Dates

Place

October 26, 2026

January 25, 2027

April 26, 2027

July 26, 2027

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