Third-Party Risk Management: Reducing Risk and Ensuring Resilience in Your Supply Chain
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Speaker : Syed Haydar Hussain
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When : Wednesday, July 16, 2025
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Time : 03 : 00 PM EST
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Syed Haydar Hussain is a recognized expert in Third-Party Risk Management, Operational Risk, and Regulatory Compliance. With over 20 years of experience, Syed has worked with banks, insurers, fintech firms, and multinational corporations to develop robust risk management frameworks. As the founder of Arischio Consulting, he advises organizations on how to mitigate third-party risks, align with regulatory requirements, and enhance operational resilience.
Syed’s engaging and practical teaching style ensures participants gain real-world insights and actionable knowledge. Through interactive discussions, practical exercises, and case studies, this session will empower attendees to strengthen their organization’s third-party risk management capabilities and build a resilient supply chain.
This course provides a comprehensive introduction to Third-Party Risk Management (TPRM) and its role in operational resilience. Organizations today are deeply interconnected with external vendors, suppliers, and service providers. However, these relationships introduce risks that, if not properly managed, can lead to operational failures, financial losses, compliance violations, and reputational harm.
This session will cover:
- Understanding Third-Party Risk – What is third-party risk, and why is it critical?
- Regulatory Expectations – Overview of compliance frameworks such as DORA, GDPR, FCA/PRA, Basel III, NIS2, and ISO 27001.
- Building a TPRM Framework – Key components, governance, and stakeholder roles.
- Due Diligence & Risk Assessments – Evaluating vendor risks before onboarding.
- Ongoing Monitoring & Risk Indicators – Tracking vendor performance and emerging risks.
- Incident Response & Contingency Planning – Managing third-party disruptions and ensuring resilience.
- Technology & Automation in TPRM – Leveraging AI, GRC tools, and automated monitoring solutions.
- Practical Exercises & Case Studies – Real-world examples and interactive discussions.
By the end of this session, attendees will understand how to develop and implement a risk-based approach to third-party management, ensuring their organization is well-prepared for supplier disruptions and compliance challenges.
Areas Covered
- The fundamentals of Third-Party Risk Management (TPRM)
- Regulatory requirements and compliance expectations (DORA, GDPR, NIS2, Basel III, FCA/PRA)
- How to build a risk-based TPRM framework
- Vendor risk assessment methodologies
- Conducting due diligence before onboarding a third party
- Implementing Key Risk Indicators (KRIs) for ongoing monitoring
- Managing third-party incidents and response planning
- Leveraging technology for third-party risk management (AI, automation, GRC tools)
- Case studies of third-party failures and lessons learned
- Practical exercises and risk scenarios
Who Should Attend
- Chief Risk Officers (CROs)
- Third-Party Risk Managers
- Operational Risk Professionals
- Compliance and Regulatory Professionals
- Procurement and Supply Chain Managers
- IT and Cybersecurity Professionals
- Internal Auditors
- Business Continuity and Resilience Professionals
Why Should You Attend
Managing third-party risk is no longer optional—it’s a business necessity. Organizations today rely on third parties for IT services, cloud computing, supply chain management, financial services, and other critical functions. However, third-party failures, cyber breaches, and regulatory non-compliance can expose organizations to severe risks.
This session will equip participants with:
- A step-by-step guide to implementing an effective Third-Party Risk Management framework.
- Best practices for assessing, monitoring, and mitigating vendor risks.
- Insights into regulatory expectations and how to align your TPRM program with compliance requirements.
- Real-world case studies of third-party failures and how organizations managed them.
- Interactive exercises and risk scenarios to apply learning in a practical setting.
By the end of this course, participants will be equipped with the knowledge and tools to confidently manage third-party risks and strengthen their organization’s supply chain resilience.
Topic Background
Third-party relationships are a critical part of modern business operations, but they also introduce significant risks. Whether it’s suppliers, vendors, service providers, or outsourced partners, organizations must manage third-party risks effectively to prevent operational disruptions, regulatory breaches, financial losses, and reputational damage.
With increased regulatory scrutiny from frameworks like DORA, NIS2, GDPR, FCA/PRA, and Basel III, businesses need a robust Third-Party Risk Management (TPRM) program. This interactive and engaging course provides a structured approach to identifying, assessing, mitigating, and continuously monitoring third-party risks to ensure resilience in your supply chain.
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$160.00
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