The TPRM Book Practitioners Have Been Waiting For
The best book on third-party risk management — practical, strategic, and built for financial services.
Most TPRM books teach you how to run a program. This one teaches you how to run it well — and what to do with it once you do.
Written by Michael Carpenter — a veteran practitioner with three decades of experience at community banks, credit unions, and major financial institutions — and Ncontracts Founder and CEO Michael Berman, The Upside of Third-Party Risk Management delivers two things in one: a complete practitioner's guide to the vendor management lifecycle and a strategic playbook for turning that work into measurable organizational value.
Every stage of the vendor lifecycle — with the depth it deserves
Each chapter walks you through how the component works, why it matters, and how to apply it in the financial services environments where vendor failures have real consequences and oversight must hold up under examiner scrutiny.
Each chapter builds on the last. By the time you reach the end, you have a complete picture of how the pieces fit together — and a clear sense of where to focus first.
- Strategy and risk appetite
- Tiering
- Due diligence
- Contracts
- Metrics
- Performance reviews
- Incident management
Is your program doing everything it could be doing?
Vendors don't just support your strategy. They execute it. Your digital channels, lending platforms, payment processing, fraud monitoring — these capabilities live outside your four walls in a vendor ecosystem your organization depends on to compete and serve its customers.
Managing that ecosystem with strategic intent isn't just good risk management. It's how the function earns a seat at the table.
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