Risk-based third-party risk management: A practical framework for compliance teams

Compliance teams are being asked to do more with less. Third-party networks keep growing. Regulatory expectations keep rising. And applying the same due diligence process to every supplier, vendor, or partner isn’t just inefficient — it’s increasingly indefensible.

This guide gives you a structured, five-phase framework for risk-based TPRM: one that focuses scrutiny where it belongs, streamlines effort where it doesn’t, and gives you the audit trail to prove it.

• A self-assessment to benchmark your current TPRM program maturity 
• A five-phase risk-based due diligence framework — from intake and classification to approval and ongoing review 
• Practical tips to optimize operational efficiency without compromising compliance 
• Guidance on how the framework aligns with DOJ, OECD, ISO 37001, ESG, and AML requirements 
• A checklist of capabilities your TPRM process should be able to demonstrate 

See how EQS Third Parties supports proportional due diligence