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Mastering Third Party Risk Management

Mastering Third Party Risk Management

$299.00
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Course access is prepared after purchase and delivered via email
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Includes a practical, ready-to-use toolkit with implementation templates, worksheets, checklists, and decision-support materials so you can apply what you learn immediately - no additional setup required.
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Mastering Third Party Risk Management



Course Overview

In this comprehensive and interactive course, participants will gain a deep understanding of third-party risk management and develop the skills needed to effectively manage risks associated with third-party relationships. Upon completion of the course, participants will receive a certificate issued by The Art of Service.



Course Features

  • Interactive and engaging learning experience
  • Comprehensive and up-to-date content
  • Personalized learning approach
  • Practical and real-world applications
  • High-quality content developed by expert instructors
  • Certificate issued by The Art of Service upon completion
  • Flexible learning schedule
  • User-friendly and mobile-accessible platform
  • Community-driven learning environment
  • Actionable insights and hands-on projects
  • Bite-sized lessons and lifetime access
  • Gamification and progress tracking features


Course Outline

Module 1: Introduction to Third Party Risk Management

  • Defining third-party risk management
  • Understanding the importance of third-party risk management
  • Identifying types of third-party relationships
  • Overview of third-party risk management frameworks and standards

Module 2: Third Party Risk Management Frameworks and Standards

  • Overview of COSO, COBIT, and ISO 31000 frameworks
  • Understanding the NIST Cybersecurity Framework
  • Analysis of industry-specific regulations and standards
  • Best practices for implementing a third-party risk management framework

Module 3: Third Party Risk Assessment and Due Diligence

  • Conducting third-party risk assessments
  • Performing due diligence on third-party vendors
  • Identifying and assessing potential risks
  • Developing a risk assessment report

Module 4: Third Party Contract Management

  • Understanding contract management best practices
  • Developing a contract management framework
  • Negotiating contracts with third-party vendors
  • Managing contract renewals and terminations

Module 5: Third Party Risk Monitoring and Review

  • Developing a third-party risk monitoring plan
  • Conducting regular risk reviews and assessments
  • Identifying and addressing potential risks
  • Reporting and escalating risk issues

Module 6: Third Party Risk Mitigation and Remediation

  • Developing a risk mitigation plan
  • Implementing risk mitigation strategies
  • Conducting remediation activities
  • Verifying risk mitigation effectiveness

Module 7: Third Party Risk Governance and Oversight

  • Understanding governance and oversight best practices
  • Developing a governance framework
  • Establishing roles and responsibilities
  • Ensuring accountability and transparency

Module 8: Third Party Risk Management Tools and Technology

  • Overview of third-party risk management tools and software
  • Understanding the benefits and limitations of technology
  • Selecting and implementing a third-party risk management solution
  • Integrating technology into the risk management process

Module 9: Third Party Risk Management Best Practices

  • Implementing best practices for third-party risk management
  • Developing a culture of risk awareness
  • Ensuring continuous improvement and learning
  • Sharing knowledge and expertise

Module 10: Case Studies and Real-World Applications

  • Real-world examples of third-party risk management successes and failures
  • Case studies of effective third-party risk management practices
  • Applying lessons learned to real-world scenarios
  • Developing a plan for implementing best practices


Certificate

Upon completion of the course, participants will receive a certificate issued by The Art of Service, demonstrating their mastery of third-party risk management principles and practices.

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