Third-Party Risk Management (TPRM) in the financial services industry is more critical than ever in today’s interconnected business landscape. Our TPRM Financial Services team is your trusted partner, helping you identify, assess, and mitigate risks across your third-party ecosystem to protect your business and build strong resilience.

We guide and support you throughout your TPRM journey - from current status assessments to implementing robust framework and operating models along the third party lifecycle. No matter if banking, insurance or asset management, you’ll benefit from the expertise of skilled professionals with deep experience in managing third-party risks and navigating complex regulatory environments.

You can rely on us for: 

  • Maturity assessments to evaluate and enhance your current third-party management approach
  • Designing and implementing tailored TPRM framework and Target Operating Models
  • Support and improvements along the third party lifecycle, e.g., risk assessment or contract management
  • Insights into regulatory compliance and industry best practices
  • Leveraging innovative tools and technologies to streamline TPRM processes.

Our experts stay ahead of emerging trends and collaborate with leading technology providers to deliver next-generation solutions. Together, we’ll help you build and manage a secure, compliant, and resilient third-party risk framework.

Hans Ulrich Bacher
Hans Ulrich Bacher

Partner, Head of Risk Consulting, Financial Services

KPMG Switzerland

Why KPMG services?

  • Tailored TPRM Frameworks

    We design customized TPRM frameworks that align with your organization’s unique risk profile, industry requirements, and strategic goals, ensuring a comprehensive and effective approach to managing third-party risks.

  • Technology-Driven Solutions

    We leverage cutting-edge technologies, including automation, artificial intelligence, and advanced analytics, to streamline TPRM processes, enhance efficiency, and provide real-time insights into your third-party ecosystem.

  • End-to-End Risk Management

    From initial risk assessments to ongoing monitoring, we provide end-to-end support across the entire third-party lifecycle, helping you identify, assess, mitigate, and manage risks effectively.

  • Regulatory Compliance Expertise

    Our team ensures your TPRM program meets evolving regulatory requirements and industry standards, helping you stay compliant and avoid potential penalties or reputational damage.

  • Proactive Risk Mitigation

    We help you move from reactive to proactive risk management by identifying emerging risks, implementing preventive measures, and building resilience into your third-party relationships.

  • Expert Guidance and Insights

    Our experienced professionals bring deep expertise in TPRM, offering actionable insights, best practices, and hands-on support to help you navigate complex challenges and achieve your business objectives.

Understanding client issues & addressing key pain points

Limited visibility into third-party risks 

How do you gain a clear understanding of your third-party ecosystem? Many clients struggle with limited visibility into the risks posed by their vendors, suppliers, and partners which may lead to costly disruption and reputational damage. We help you map, assess, and monitor your third-party relationships to uncover hidden risks and ensure transparency.

Regulatory compliance challenges

How do you stay compliant in an ever-changing regulatory landscape? Clients often face difficulties keeping up with evolving regulations and industry standards. We provide expert guidance to ensure your TPRM framework meets compliance requirements and avoids costly penalties.

Inefficient risk management processes

How do you streamline and optimize your TPRM efforts? Many organizations rely on manual, fragmented, or outdated processes that are time-consuming and prone to errors. We help you implement efficient, technology-driven solutions to automate workflows and improve accuracy.

Emerging risks in a dynamic environment

How do you stay ahead of new and evolving risks? Clients often struggle to identify and address emerging risks, such as cybersecurity threats, geopolitical instability, or ESG concerns. We provide proactive risk identification and mitigation strategies to help you stay resilient.

Overwhelming volume of third parties

How do you manage risks across a growing network of third parties? As organizations expand, the number of third-party relationships can become unmanageable. We help you prioritize and segment your third parties, focusing on the most critical risks to your business.

Integration of technology and tools

How do you leverage technology to enhance TPRM? Clients often face challenges in selecting, implementing, and integrating the right tools for their TPRM needs. We guide you in adopting innovative technologies that streamline processes, provide actionable insights, and enhance decision-making.

Tailored solutions for your industry

  • Third-Party Risk Management in Forensic

    Mitigating third-party risks in a globalized market requires trusted insight. KPMG Switzerland supports you with discreet background checks and risk assessments to ensure compliance, reduce exposure, and strengthen business intelligence – powered by forensic expertise and a global network of specialists.

Navigating success: our proven approach

At KPMG, we are dedicated to being your trusted partner in mastering the complexities of Third-Party Risk Management along the TPRM lifecycle. 

TPRM Lifecycle


Whether you’re building a TPRM framework from the ground up or refining your existing processes, our experts provide tailored guidance to help you achieve resilience and success at every step along the TPRM lifecylce:

  • Define TPRM strategy

    We work with you to define a tailored TPRM strategy that aligns with your organization’s goals and risk appetite. Through workshops and maturity assessments, we help you establish a clear roadmap for managing third-party risks and achieving long-term resilience.

  • Assess third-party risks

    We conduct a thorough assessment of your third-party ecosystem, identifying potential risks across operational, financial, regulatory, and reputational dimensions. Our approach ensures a comprehensive understanding of your third-party landscape.

  • Optimize processes

    We review and enhance your TPRM processes, focusing on standardization, automation, and efficiency. By mapping the third-party lifecycle - from onboarding to offboarding - we ensure that all necessary steps are clearly defined and integrated into your broader organizational structure.

     

    Our approach emphasizes cross-functional collaboration, ensuring that procurement, compliance, IT, and legal teams work together seamlessly. By embedding best practices and streamlining workflows, we help you achieve a scalable and sustainable risk management framework that adapts to your organization’s growth and complexity.

  • Leverage technology

    We evaluate your current technology landscape and recommend next-generation tools to enhance your TPRM capabilities. From automated risk assessments to real-time monitoring, we help you implement solutions that reduce complexity and improve decision-making.

  • Enable your team

    We empower your workforce with the skills and knowledge needed to manage third-party risks effectively. From defining role profiles to delivering tailored training programs, we ensure your team is equipped to handle the challenges of TPRM.

  • Embed continuous monitoring

    We help you establish a robust monitoring framework to track third-party risks on an ongoing basis. By integrating advanced analytics and real-time insights, we ensure your TPRM program remains proactive, adaptive, and aligned with your business objectives.

Partnering for success: submit your interests & open questions

Do you have questions or need support with Third-Party Risk Management Framework? Our experienced Financial Services professionals are here to provide tailored insights and guidance. Submit the contact form to start a conversation about strengthening your TPRM framework and addressing your organization’s unique challenges.

Contact our experts

Meet our expert

Hans Ulrich Bacher
Hans Ulrich Bacher

Partner, Head of Risk Consulting, Financial Services

KPMG Switzerland