RNR Consulting

Third-Party Risk Management (TPRM) Services

Our TPRM service ensures you assess, monitor, and manage cybersecurity, compliance, and operational risks posed by third parties. We help build a structured framework for vendor onboarding, risk scoring, continuous monitoring, and contractual risk mitigation.

Our Approach

TPRM Program Design & Implementation
  • Design & setup of complete TPRM framework
  • Policy and procedure development aligned with ISO 27001, NIST, RBI, and other standards
  • Risk scoring model and risk-tiering methodology
Vendor Risk Assessment
  • Evaluation and/or integration of automated TPRM platforms
  • Custom dashboards for third-party tracking and reporting
  • Integration with GRC platforms and internal audit functions
Third-Party Risk Assessment Tools
  • Evaluation and/or integration of automated TPRM platforms
  • Custom dashboards for third-party tracking and reporting
  • Integration with GRC platforms and internal audit functions
Ongoing Monitoring & Reassessments
  • Periodic reassessments and compliance checks
  • Threat intelligence monitoring for key vendors
  • SLA / KPI reviews and incident tracking
Remediation & Governance
  • Risk treatment and mitigation planning
  • Support in drafting contract clauses for data protection, cybersecurity, and compliance
  • Escalation framework and governance reporting