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Template

TPRM Framework

Build your TPRM program in 90 days without burning out your team

  • Phase 1: Vendor Identification & Onboarding (Vendor Registration, Initial Risk Screening, Engagement Profile Creation, Inherent Risk Assessment)
  •  Phase 2: Due Diligence & Assessment (Security Assessment, Compliance Review, Financial Stability Check, Operational Capability Review, Contract Negotiation)
  • Phase 3: Ongoing Monitoring (Continuous Risk Monitoring, Performance Tracking)
  •  Phase completion checklist and success criteria
TPRM Framework
 

A phased TPRM program keeps your team focused and shows leadership progress incrementally. This framework walks you through: vendor landscape mapping (week 1), assessment and tiering (weeks 2-4), continuous monitoring setup (weeks 5-12), and governance institutionalization (week 13+). Most teams spend 12-18 months building TPRM. This cuts that timeline by 80%. You'll have quick wins in week 1 and a living program by day 90.

A phased TPRM program keeps your team focused and shows leadership progress incrementally. This framework walks you through: vendor landscape mapping (week 1), assessment and tiering (weeks 2-4), continuous monitoring setup (weeks 5-12), and governance institutionalization (week 13+). Most teams spend 12-18 months building TPRM. This cuts that timeline by 80%. You'll have quick wins in week 1 and a living program by day 90.

Why consistency matters

Vendor risk assessment is foundational to everything downstream: tiering decisions, monitoring priorities, remediation focus, board reporting. If your assessment is ad-hoc, everything else is unreliable.

A solid assessment framework gives you:

  • Comparable vendor scores - actually compare vendors against each other
  • Audit-ready documentation - show auditors exactly how you assessed and why
  • Faster cycles - standardized questions mean less customization
  • Clear escalation triggers - when a score drops, you know what to do

How to use this:

You have two paths forward. You can build this yourself using the template. Start by customizing it for your specific industry and risk profile, then send it to vendors to complete. As responses come in, you'll track them in a spreadsheet and score them manually. It takes time and effort to coordinate, but you own the entire process and can adjust it whenever you need.

Alternatively you can use ComplyScore®.
Instead of vendors filling out spreadsheets and you doing manual scoring, vendors answer once in the platform and scoring happens automatically. Risk trends appear in real-time, so you're not waiting weeks for data. Every vendor gets assessed using the exact same framework without shifting criteria or inconsistencies.
And here's the key difference: monitoring continues automatically without you having to rebuild the framework every quarter.