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      Confidently navigate risk in today’s complex third-party landscape 

      Organisations increasingly rely on third parties to deliver critical services, and the risks associated with these relationships have never been more complex – or more visible. From regulatory scrutiny to operational disruption, the need for a robust, end-to-end Third-Party Risk Management (TPRM) strategy is now a board-level priority.

      Our TPRM offering can help you to assess, transform and manage third-party risk across the full supplier lifecycle. Whether you’re building a program from the ground up or enhancing existing capabilities, we provide the frameworks, tools and managed services to improve resilience, enable compliance and drive smarter, safer business decisions.

      Service offerings

      KPMG provides the following services to businesses:

      Happy businesswoman with colleagues in the office

      Managing your exposure to third-party risk

      Our TPRM services help organisations proactively manage and mitigate risks associated with third- and fourth-party relationships across the entire supplier lifecycle. 

      Third-party risk and controls assessments

      Our offering includes third-party assurance, technology implementation, due diligence and monitoring, as well as contract assurance and performance reviews. 

      End-to-end TPRM support

      We support clients through the assess, transform, and run stages – offering services such as program uplift, regulatory compliance support, third-party cyber risk management, AI governance and risk management.

      Enhanced transparency and data-driven insights

      Our approach enhances visibility, strengthens operational resilience and improves compliance and efficiency, enabling clients to make informed decisions and build more secure, collaborative supplier ecosystems.

      How we help you manage third‑party risk 

      • Enhance risk visibility

        Gain a clear, real-time view of third-party risks across your entire supplier ecosystem – including non-contractual and fourth parties – enabling proactive decision-making.

      • Increase regulatory confidence

        Stay compliant with evolving regulations like CPS 230 and SoCI through structured frameworks, audit-ready documentation and guidance tailored to your industry.

      • Boost operational resilience

        Reduce the likelihood and impact of third-party disruptions by strengthening controls, improving due diligence and embedding risk management into daily operations.

      • Drive cost and efficiency gains

        Streamline TPRM processes with automation, AI and scalable managed services, reducing manual effort, improving accuracy and lowering overall risk management costs.

      • Create strategic business value

        Transform TPRM from a compliance function into a strategic enabler that supports innovation, builds trust with stakeholders and enhances customer and employee experiences.

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      Frequently asked questions

      TPRM is the process of identifying, assessing and managing risks associated with third-party and fourth-party relationships across the supplier lifecycle. With increasing regulatory scrutiny (e.g. CPS 230, SoCI), operational disruptions and growing reliance on external vendors, organisations are under pressure to strengthen their oversight and resilience. TPRM helps mitigate these risks while improving compliance, efficiency and stakeholder confidence.

      We support clients across the full TPRM lifecycle – assess, transform and run – including:

      • End-to-end program uplift (frameworks, policies, processes, tools, templates, governance, operating model)
      • Regulatory compliance support
      • Third-party cyber risk management
      • Contract assurance and performance
      • AI governance and risk management frameworks
      • Third-party assurance (attestation over the third party’s controls)
      • Technology implementation and support (workflow, profiling and due diligence monitoring)
      • Due diligence and monitoring (risk and control assessments, intelligence and audits).

      We also offer managed services to help clients operationalise and sustain their TPRM programs.

      Our typical clients include:

      • Chief risk officers (CROs)
      • Chief information officers (CIOs)
      • Chief information security officers (CISOs)
      • Chief technology officers (CTOs)
      • Chief procurement officers (CPOs)
      • Head of supplier risk
      • Head of operational risk and resilience
      • Heads of compliance
      • Supply chain managers
      • Vendor management executives.

      These stakeholders are often looking to enhance visibility, reduce risk exposure and meet regulatory expectations.

      Clients can expect:

      • Improved visibility and control over third-party risks
      • Improved compliance with regulatory, legislative and contract requirements
      • Streamlined and more effective TPRM and contract management processes
      • Strengthened operational resilience and reduced exposure to potential threats
      • Better decision-making through integrated risk data
      • Stronger supplier relationships through proactive risk mitigation
      • Board and senior management confidence in managing third-party risk
      • Embedded technology solutions to support the management of third-party risk across the lifecycle.

      We do not:

      • directly manage or operate third-party entities
      • provide legal advice beyond risk-related recommendations
      • perform activities requiring regulatory or legal certifications not held by our firm.