Mastering Third Party Risk Management: A Step-by-Step Guide
Course Overview This comprehensive course is designed to provide participants with a thorough understanding of third-party risk management (TPRM) principles, practices, and tools. Through interactive lessons, real-world examples, and hands-on projects, participants will learn how to identify, assess, mitigate, and monitor third-party risks.
Course Objectives - Understand the fundamentals of TPRM and its importance in today's business landscape
- Learn how to identify and assess third-party risks
- Develop effective mitigation strategies to minimize third-party risks
- Implement a robust TPRM program that meets regulatory requirements
- Monitor and review third-party relationships to ensure ongoing risk management
Course Outline Module 1: Introduction to Third-Party Risk Management
- Defining TPRM and its importance
- Types of third-party relationships
- TPRM regulatory requirements and standards
- Benefits of a robust TPRM program
Module 2: Identifying and Assessing Third-Party Risks
- Types of third-party risks (e.g., financial, operational, reputational)
- Risk assessment methodologies (e.g., qualitative, quantitative)
- Identifying high-risk third-party relationships
- Assessing third-party risk profiles
Module 3: Mitigating Third-Party Risks
- Risk mitigation strategies (e.g., contractual, operational, technical)
- Developing effective contracts and service level agreements (SLAs)
- Implementing operational controls (e.g., due diligence, monitoring)
- Utilizing technology to mitigate third-party risks
Module 4: Implementing a Robust TPRM Program
- TPRM program governance and oversight
- Establishing TPRM policies and procedures
- Developing a TPRM framework
- Implementing TPRM tools and technology
Module 5: Monitoring and Reviewing Third-Party Relationships
- Ongoing risk monitoring and review
- Conducting regular third-party risk assessments
- Identifying and addressing emerging risks
- Maintaining accurate and up-to-date third-party risk profiles
Module 6: Regulatory Requirements and Compliance
- Overview of TPRM regulatory requirements (e.g., OCC, FFIEC, GDPR)
- Compliance with TPRM standards and guidelines
- Implementing controls to meet regulatory requirements
- Maintaining regulatory compliance
Module 7: TPRM Tools and Technology
- Overview of TPRM tools and technology
- Utilizing TPRM software and platforms
- Implementing data analytics and reporting
- Integrating TPRM tools with existing systems
Module 8: Best Practices for TPRM
- Establishing a TPRM center of excellence
- Developing a TPRM maturity model
- Implementing TPRM training and awareness programs
- Maintaining a culture of TPRM excellence
Course Features - Interactive and engaging: Interactive lessons, real-world examples, and hands-on projects
- Comprehensive: Covers all aspects of TPRM, including risk identification, assessment, mitigation, and monitoring
- Personalized: Participants can ask questions and receive feedback from expert instructors
- Up-to-date: Course content is updated regularly to reflect the latest TPRM trends and best practices
- Practical: Participants can apply course concepts to real-world scenarios
- Real-world applications: Case studies and examples from various industries
- High-quality content: Developed by expert instructors with extensive TPRM experience
- Expert instructors: Instructors have extensive experience in TPRM and related fields
- Certification: Participants receive a certificate upon completion, issued by The Art of Service
- Flexible learning: Participants can complete the course at their own pace
- User-friendly: Easy-to-use online platform
- Mobile-accessible: Course content is accessible on mobile devices
- Community-driven: Participants can interact with each other and expert instructors
- Actionable insights: Participants can apply course concepts to improve their organization's TPRM program
- Hands-on projects: Participants complete hands-on projects to reinforce course concepts
- Bite-sized lessons: Course content is divided into manageable, bite-sized lessons
- Lifetime access: Participants have lifetime access to course content
- Gamification: Course features gamification elements to enhance engagement
- Progress tracking: Participants can track their progress throughout the course
,
- Understand the fundamentals of TPRM and its importance in today's business landscape
- Learn how to identify and assess third-party risks
- Develop effective mitigation strategies to minimize third-party risks
- Implement a robust TPRM program that meets regulatory requirements
- Monitor and review third-party relationships to ensure ongoing risk management
Course Outline Module 1: Introduction to Third-Party Risk Management
- Defining TPRM and its importance
- Types of third-party relationships
- TPRM regulatory requirements and standards
- Benefits of a robust TPRM program
Module 2: Identifying and Assessing Third-Party Risks
- Types of third-party risks (e.g., financial, operational, reputational)
- Risk assessment methodologies (e.g., qualitative, quantitative)
- Identifying high-risk third-party relationships
- Assessing third-party risk profiles
Module 3: Mitigating Third-Party Risks
- Risk mitigation strategies (e.g., contractual, operational, technical)
- Developing effective contracts and service level agreements (SLAs)
- Implementing operational controls (e.g., due diligence, monitoring)
- Utilizing technology to mitigate third-party risks
Module 4: Implementing a Robust TPRM Program
- TPRM program governance and oversight
- Establishing TPRM policies and procedures
- Developing a TPRM framework
- Implementing TPRM tools and technology
Module 5: Monitoring and Reviewing Third-Party Relationships
- Ongoing risk monitoring and review
- Conducting regular third-party risk assessments
- Identifying and addressing emerging risks
- Maintaining accurate and up-to-date third-party risk profiles
Module 6: Regulatory Requirements and Compliance
- Overview of TPRM regulatory requirements (e.g., OCC, FFIEC, GDPR)
- Compliance with TPRM standards and guidelines
- Implementing controls to meet regulatory requirements
- Maintaining regulatory compliance
Module 7: TPRM Tools and Technology
- Overview of TPRM tools and technology
- Utilizing TPRM software and platforms
- Implementing data analytics and reporting
- Integrating TPRM tools with existing systems
Module 8: Best Practices for TPRM
- Establishing a TPRM center of excellence
- Developing a TPRM maturity model
- Implementing TPRM training and awareness programs
- Maintaining a culture of TPRM excellence
Course Features - Interactive and engaging: Interactive lessons, real-world examples, and hands-on projects
- Comprehensive: Covers all aspects of TPRM, including risk identification, assessment, mitigation, and monitoring
- Personalized: Participants can ask questions and receive feedback from expert instructors
- Up-to-date: Course content is updated regularly to reflect the latest TPRM trends and best practices
- Practical: Participants can apply course concepts to real-world scenarios
- Real-world applications: Case studies and examples from various industries
- High-quality content: Developed by expert instructors with extensive TPRM experience
- Expert instructors: Instructors have extensive experience in TPRM and related fields
- Certification: Participants receive a certificate upon completion, issued by The Art of Service
- Flexible learning: Participants can complete the course at their own pace
- User-friendly: Easy-to-use online platform
- Mobile-accessible: Course content is accessible on mobile devices
- Community-driven: Participants can interact with each other and expert instructors
- Actionable insights: Participants can apply course concepts to improve their organization's TPRM program
- Hands-on projects: Participants complete hands-on projects to reinforce course concepts
- Bite-sized lessons: Course content is divided into manageable, bite-sized lessons
- Lifetime access: Participants have lifetime access to course content
- Gamification: Course features gamification elements to enhance engagement
- Progress tracking: Participants can track their progress throughout the course
,
- Interactive and engaging: Interactive lessons, real-world examples, and hands-on projects
- Comprehensive: Covers all aspects of TPRM, including risk identification, assessment, mitigation, and monitoring
- Personalized: Participants can ask questions and receive feedback from expert instructors
- Up-to-date: Course content is updated regularly to reflect the latest TPRM trends and best practices
- Practical: Participants can apply course concepts to real-world scenarios
- Real-world applications: Case studies and examples from various industries
- High-quality content: Developed by expert instructors with extensive TPRM experience
- Expert instructors: Instructors have extensive experience in TPRM and related fields
- Certification: Participants receive a certificate upon completion, issued by The Art of Service
- Flexible learning: Participants can complete the course at their own pace
- User-friendly: Easy-to-use online platform
- Mobile-accessible: Course content is accessible on mobile devices
- Community-driven: Participants can interact with each other and expert instructors
- Actionable insights: Participants can apply course concepts to improve their organization's TPRM program
- Hands-on projects: Participants complete hands-on projects to reinforce course concepts
- Bite-sized lessons: Course content is divided into manageable, bite-sized lessons
- Lifetime access: Participants have lifetime access to course content
- Gamification: Course features gamification elements to enhance engagement
- Progress tracking: Participants can track their progress throughout the course