Policy template · version 2
Vendor Management
Know every vendor you depend on, how much risk each one carries, and prove you looked before you signed and keep looking after. Your sponsor bank inherits the risk of your critical vendors, so it approves them, examines them, and expects notice when they change.
What’s in this policy15 sections · Vendor Management · Read the full policy
9Obligations · things you must do
15Evidence · records that prove it
1Monitoring · checks and deadlines
1Reporting · reports you must send
Does this apply to you?
Answer a few questions and each obligation is marked applies, likely, or needs more information.
Tell Leela about your companyHand over the whole policy
Every obligation in this policy, in one request.
What the policy requires
Keep one central vendor inventory
Prepare for review
Classify every vendor into a risk tier
Prepare for review
Complete tier-appropriate due diligence before engaging
Prepare for review
Put the required provisions in every contract
Specialist-led
Report vendor activity quarterly and the program review annually
Prepare for review
See this work in a project
Explore a fictional scenario and the draft work Leela could prepare.
Review a reminder vendor →