In this episode of The Third Party Risk Institute Podcast, we explore what it really takes to build a successful Third Party Risk Management (TPRM) program from the ground up or improve the one you already have.

Whether you're starting fresh or reassessing your current framework, this episode breaks down the seven foundational steps to help you structure a program that supports business objectives, regulatory expectations, and real-world risk mitigation.

What we cover in this episode:

• What Third-Party Risk Management really means (beyond the checkboxes)
• Common challenges and why many programs fail to scale
• The 7 essential building blocks of an effective TPRM program
• How to align TPRM with your enterprise risk and procurement functions
• Tips to avoid overwhelm while increasing efficiency and visibility
• Where most teams go wrong and how to fix it

You’ll walk away with practical guidance on:

• Governance structures that work
• Risk segmentation and lifecycle controls
• Crafting policy, standards, and procedures that are realistic (and enforceable)
• Managing stakeholders and getting executive buy-in
• Tools and frameworks to support your operations in 2025 and beyond

This episode is based on the insights from our popular blog post, "Build a Winning Third Party Risk Management Program," which has already helped hundreds of risk professionals clarify and upgrade their approach.

View Blog: https://thirdpartyriskinstitute.com/build-a-winning-third-party-risk-management-program/

This Episode is Perfect for:

• Risk Managers
• Procurement Leaders
• Compliance and Governance Professionals
• Internal Auditors
• CISOs and Vendor Risk Analysts

Want more?

Visit Third Party Risk Institute Ltd to explore our certification programs, downloadable templates, and upcoming events designed for professionals serious about advancing their TPRM capabilities.

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