Third-Party Risk Advisory Services
Targeted Expertise for Stronger Vendor Oversight
Third‑Party Risk Management (TPRM) is essential for organizations that rely on vendors, suppliers, partners, and service providers. As external relationships expand, so do the risks to your data, operations, compliance posture, and financial stability. The goal is straightforward: ensure vendors support your business without introducing unnecessary exposure.
SQ Risk’s TPRM Advisory Services provide flexible, targeted support to strengthen specific components of your vendor‑risk program—whether you are building a program from the ground up or enhancing an existing framework. Advisory engagements are designed to deliver clarity, structure, and expert guidance exactly where your organization needs it most.
Advisory Services Tailored to Your Vendor‑Risk Program
- TPRM Policy and Program Development — Establish governance, roles, and expectations aligned with industry standards and regulatory requirements.
- Vendor Lifecycle Definition — Design a complete lifecycle from onboarding through offboarding, ensuring consistent oversight at every stage.
- Due Diligence and Risk Assessments — Evaluate vendor controls, documentation, and practices using structured, repeatable methods.
- Ongoing Monitoring — Build processes for continuous oversight, including periodic reviews, alerts, and performance tracking.
- Contract Management Support — Strengthen agreements with security, compliance, and performance requirements that protect your organization.
- Nth‑Party (Fourth‑Party) Risk Management — Identify and evaluate downstream dependencies that may impact your operations.
- Risk Inventory Development and Management — Create a centralized view of vendor risks to support prioritization and reporting.
- Education and Awareness Training — Equip internal teams with the knowledge needed to support effective vendor oversight.
Independent Third‑Party Assessments
SQ Risk can perform independent assessments of your third‑party relationships using a tiered model that aligns the depth of review with the vendor’s inherent risk. This approach provides:
- Objective, unbiased evaluations free from internal pressures
- Clear, actionable findings that support remediation and decision‑making
- Consistent, defensible assessments aligned with regulatory expectations
These assessments help organizations validate vendor controls, identify gaps, and strengthen overall resilience.
Standards‑Aligned Tools and Methodologies
SQ Risk leverages industry‑recognized tools and frameworks aligned with NIST, FFIEC, ISO, OCC 2013‑29, PCI, and other regulatory expectations. This ensures your TPRM practices are modern, defensible, and aligned with the expectations of auditors, regulators, and stakeholders.
Practical, Right‑Sized Solutions for Your Business
Every organization’s vendor ecosystem is different. SQ Risk delivers practical, right‑sized TPRM solutions tailored to your business model, industry, and regulatory environment. Whether you need program design, assessment support, or expert guidance, SQ Risk helps you build a stronger, more resilient approach to managing third‑party risk.