Mastering Third Party Risk Management A Complete Framework for Future-Proof Compliance and Operational Resilience
COURSE FORMAT & DELIVERY DETAILS Self-Paced, On-Demand Learning Designed for Maximum Flexibility and Real-World Impact
This is not a one-size-fits-all training program. This is a professional-grade, comprehensive course in Third Party Risk Management, structured to deliver measurable ROI, regardless of your current experience level or organisational context. From the moment you enrol, you gain immediate online access to a meticulously designed curriculum that evolves with real-world demands, giving you control over your schedule and learning pace. Full Control Over Your Learning Journey
The course is fully self-paced, with no fixed dates, deadlines, or time commitments. You can progress through the material on your own schedule, whether that means completing it over two intensive weeks or spreading it out over months. Most learners complete the program in 28 to 42 hours of dedicated study, with many reporting actionable insights and frameworks they implemented within the first 72 hours. - Lifetime access to all course materials, including future updates at no additional cost
- 24/7 global availability with full mobile-friendly compatibility across devices
- Access to expert-crafted content structured for clarity, retention, and real-world application
- Dedicated instructor support channel for guidance, clarification, and feedback throughout your journey
Trusted Certification from a Globally Recognised Leader
Upon successful completion, you will earn a Certificate of Completion issued by The Art of Service, an internationally respected authority in professional frameworks and operational excellence. This certificate is recognised by compliance officers, risk managers, auditors, and executives across industries and geographies, enhancing your credibility and positioning you as a strategic asset in any organisation. No Hidden Fees, No Surprises
The pricing structure is straightforward and transparent, with no hidden fees or recurring charges. You pay once and own lifetime access to the entire program. The course accepts all major payment methods including Visa, Mastercard, and PayPal, making your investment simple and secure. Zero-Risk Investment with Our 100% Satisfied or Refunded Guarantee
We are so confident in the value and effectiveness of this program that we offer a full money-back guarantee. If you complete the course and feel it did not meet your expectations, you are entitled to a complete refund, no questions asked. This is our promise to eliminate your risk and reinforce your confidence in investing in your professional development. What To Expect After Enrolment
Once you register, you will receive a confirmation email acknowledging your enrolment. Shortly afterward, a separate message containing your access instructions will be delivered, ensuring a smooth onboarding experience. Your access will be granted as soon as the course platform confirms your registration details and processes your entry securely. Will This Work for Me?
Absolutely. This course has been designed to work for professionals across industries, experience levels, and organisational sizes. Whether you are a compliance officer in a multinational bank, a procurement lead in a mid-sized firm, or an emerging risk analyst in a fast-growing tech company, the tools and frameworks here are scalable, practical, and immediately applicable. Here’s what makes this different: - This works even if you’ve never led a third party risk assessment before. Step-by-step templates and process maps guide you from initiation to completion.
- This works even if your organisation lacks formal risk frameworks. You’ll learn how to build and deploy them from the ground up.
- This works even if you are time-constrained. Bite-sized, action-focused modules let you move quickly and retain momentum.
Don’t just take our word for it. Here’s what professionals are saying: I was able to redesign our entire vendor onboarding process within three weeks of starting the course. The due diligence templates alone saved us 60 hours of work per quarter. - Leila M, Senior Risk Consultant, Financial Services As someone new to GRC, I was overwhelmed. This course gave me clarity, confidence, and a structured approach that I now use daily. The certification opened doors to new opportunities. - David K, Compliance Analyst, Healthcare Sector Every element of this program is engineered to reduce ambiguity, increase competence, and deliver immediate operational value. You’re not just learning theory - you’re building real, measurable resilience.
EXTENSIVE and DETAILED COURSE CURRICULUM
Module 1: Foundations of Third Party Risk Management - Understanding the modern third party ecosystem and its complexity
- Defining third party risk across industries and regulatory environments
- Key drivers of third party risk: globalisation, digitalisation, and supply chain interdependence
- The business case for proactive third party risk management
- Common misconceptions and pitfalls in third party risk oversight
- Regulatory expectations and enforcement trends across jurisdictions
- Differentiating between operational, compliance, financial, reputational, and strategic risk
- The role of senior leadership and board oversight in risk governance
- Linking third party risk to enterprise risk management frameworks
- Establishing risk appetite and tolerance levels for third party relationships
- Key roles and responsibilities: risk owners, procurement, legal, and compliance teams
- The evolution of third party risk from siloed oversight to integrated resilience
- Case study: A breakdown of the Target data breach and third party supply chain failure
Module 2: Core Risk Frameworks and Governance Structures - Comparing leading regulatory and industry standards: ISO, COSO, NIST, and GDPR
- Integrating third party risk into existing governance models
- Designing a centralised vs decentralised risk oversight model
- Developing a formal Third Party Risk Management Policy document
- Creating a Risk Committee charter with third party oversight responsibilities
- Defining escalation protocols for high-risk findings
- Setting risk thresholds and materiality benchmarks
- Mapping risk ownership across business units and functions
- Establishing risk reporting cadence and dashboards for executives
- Aligning third party risk management with internal audit planning
- Documenting governance decisions and maintaining audit trails
- Ensuring accountability through role-based access and sign-off processes
- Case study: Building a governance model in a regulated financial institution
Module 3: Risk Categorisation and Vendor Tiering Strategies - Principles of vendor classification and risk-based segmentation
- Developing a risk scoring model for third parties
- Defining critical, high, medium, and low-risk vendor categories
- Factors that influence vendor risk level: data access, criticality, location, financial stability
- Using tiered due diligence based on risk classification
- Tailoring oversight requirements by vendor type and service offering
- Managing cloud service providers as strategic risk partners
- Assessing risks associated with offshore and nearshore vendors
- Handling sole-source and monopoly suppliers
- Dynamic vendor reclassification based on performance and incidents
- Creating a vendor inventory with categorisation metadata
- Integrating tiering into contract management and renewal decisions
- Case study: Risk tiering in a global pharmaceutical supply chain
Module 4: Due Diligence and Pre-Engagement Risk Assessment - Designing a comprehensive due diligence questionnaire
- Validating vendor credentials, certifications, and references
- Assessing financial health and business continuity planning
- Reviewing cyber security practices and controls
- Evaluating insurance coverage and liability limits
- Screening for sanctions, politically exposed persons, and adverse media
- Conducting background checks on ownership and leadership
- Analysing legal structure and jurisdictional risks
- Understanding subsidiary and subcontractor exposure
- Assessing reliance on other third parties in the vendor’s supply chain
- Reviewing past audit findings and incident history
- Determining data classification and handling responsibilities
- Using automated due diligence platforms and tools
- Drafting a pre-contract risk assessment report
- Case study: Due diligence failure leading to regulatory fines in a banking partner
Module 5: Contractual Risk Mitigation and Legal Safeguards - Key risk clauses to include in third party contracts
- Negotiating service level agreements with enforceable penalties
- Defining data protection obligations under GDPR, CCPA, and other regulations
- Establishing audit rights and access to systems and records
- Requiring cyber security standards and regular reporting
- Ensuring right to terminate for cause or risk escalation
- Defining incident response roles and notification timelines
- Addressing intellectual property ownership and licensing
- Managing subcontracting and fourth-party risk
- Including business continuity and disaster recovery requirements
- Defining liability caps and indemnification terms
- Requiring cyber insurance and naming your organisation as additional insured
- Creating a contract repository with risk metadata tagging
- Managing contract lifecycle and renewal triggers
- Case study: Legal exposure due to missing audit rights in a cloud contract
Module 6: Ongoing Monitoring and Performance Assessment - Designing a proactive monitoring strategy for active vendors
- Setting key risk indicators and performance thresholds
- Scheduling regular risk reassessments based on vendor tier
- Reviewing vendor performance reports and SLA compliance
- Monitoring financial health updates and credit ratings
- Tracking adverse news and reputational events
- Analysing cyber threat intelligence feeds related to vendors
- Tracking patch management and vulnerability disclosure patterns
- Using automated monitoring tools and alert systems
- Conducting periodic reassessment of risk scores
- Managing changes in vendor scope, ownership, or capabilities
- Reporting abnormal findings to risk committees
- Documenting follow-up actions and remediation plans
- Case study: Early detection of financial distress in a logistics partner
Module 7: Risk Assessments and Control Evaluation - Conducting third party risk assessments using structured methodologies
- Applying risk likelihood and impact scoring models
- Identifying inherent vs residual risk levels
- Selecting risk assessment frameworks: qualitative, quantitative, or hybrid
- Mapping vendor controls to relevant standards like SOC 2 or ISO 27001
- Evaluating control design and operating effectiveness
- Using control testing procedures and sampling techniques
- Validating control self-assessments with evidence
- Identifying control gaps and compensating controls
- Assessing business continuity and disaster recovery testing results
- Reviewing penetration testing and vulnerability scan reports
- Reporting assessment findings with risk ratings and recommendations
- Tracking remediation progress over time
- Creating a risk register with vendor-specific entries
- Case study: Control failure in a payroll provider leading to payroll outage
Module 8: Cyber Security and Data Protection Risk Oversight - Assessing vendor cyber security posture using industry benchmarks
- Reviewing security policies, incident response plans, and training programs
- Evaluating access controls and identity management practices
- Analysing encryption standards for data at rest and in transit
- Reviewing network segmentation and firewall configurations
- Assessing patch management and vulnerability remediation timelines
- Monitoring for unauthorised access attempts or insider threats
- Requiring regular cyber security attestation reports
- Understanding shared responsibility models in cloud environments
- Managing data residency and cross-border transfer risks
- Ensuring compliance with data minimisation and retention policies
- Handling data subject access requests through vendors
- Responding to data breaches involving third parties
- Drafting data processing agreements that meet legal requirements
- Case study: Data breach via third party lead generation firm
Module 9: Business Continuity and Resilience Planning - Assessing vendor business continuity and disaster recovery plans
- Reviewing recovery time objectives and recovery point objectives
- Mapping critical vendor dependencies into your own BCP
- Testing vendor response in simulated incident scenarios
- Requiring proof of regular BCP testing and results
- Identifying single points of failure in vendor relationships
- Developing contingency plans and alternative suppliers
- Ensuring access to systems during vendor outages
- Tracking geographic concentration risk in vendor operations
- Managing reliance on third party facilities and data centres
- Planning for workforce continuity and key personnel risks
- Ensuring contract provisions support continuity during disruptions
- Documenting lessons learned from past service interruptions
- Case study: Supply chain disruption during natural disaster
Module 10: Incident Response and Crisis Management with Third Parties - Integrating third parties into your organisation’s incident response plan
- Establishing communication protocols during a joint incident
- Defining roles for vendor coordination in breach scenarios
- Requiring immediate notification of security incidents
- Investigating root cause with vendor cooperation
- Managing joint forensic investigations and data preservation
- Handling regulatory reporting obligations involving third parties
- Communicating with stakeholders and customers during incidents
- Documenting incident timelines and vendor actions
- Conducting post-incident reviews and updating controls
- Enforcing contractual penalties for response failures
- Updating risk assessments based on incident learnings
- Building incident playbooks for high-risk vendors
- Case study: Slow vendor response exacerbating a cyber attack impact
Module 11: Regulatory Compliance and Audit Readiness - Tracking regulatory requirements across regions and sectors
- Demonstrating due diligence to auditors and examiners
- Preparing for third party risk reviews by internal and external auditors
- Compiling evidence packages for high-risk vendors
- Documenting risk acceptance decisions with justification
- Maintaining a defensible audit trail for all assessments
- Responding to regulator inquiries about third party oversight
- Managing findings from audits and regulatory exams
- Ensuring alignment with industry-specific mandates: HIPAA, SOX, FISMA
- Reporting third party risks in regulatory filings
- Using compliance dashboards to track readiness metrics
- Updating policies and controls based on audit feedback
- Case study: Regulatory penalty avoided due to robust documentation
Module 12: Tools, Technology, and Automation - Selection criteria for third party risk management platforms
- Comparing leading TPRM software solutions and their capabilities
- Integrating with GRC, procurement, and contract management systems
- Automating due diligence workflows and reminders
- Configuring risk scoring engines and alert thresholds
- Using dashboards to visualise risk trends and exposure
- Implementing workflow routing for approvals and escalations
- Managing document repositories and version control
- Utilising APIs for data enrichment from external sources
- Automating monitoring with news feeds and financial data
- Generating compliance reports and board-level summaries
- Ensuring data privacy and access controls within the platform
- Planning for user adoption and training
- Measuring ROI of technology investments in risk management
- Case study: Digital transformation of a manual risk process
Module 13: Mergers, Acquisitions, and Third Party Integration - Conducting third party due diligence during M&A transactions
- Assessing target company vendor risks pre-acquisition
- Identifying critical third party dependencies in acquisition targets
- Mapping inherited vendors into your risk framework
- Reclassifying and reassessing acquired vendors
- Negotiating transition or exit plans for high-risk inherited vendors
- Harmonising contract terms and service levels post-merger
- Integrating vendor data into central repositories
- Managing cultural and operational differences in vendor management
- Ensuring continuity during integration periods
- Updating governance and oversight structures
- Reporting on vendor integration progress to leadership
- Case study: Risk exposure discovered during pre-acquisition review
Module 14: Industry-Specific Risk Considerations - Financial services: managing core banking and fintech partners
- Healthcare: ensuring HIPAA compliance with medical device vendors
- Retail: securing point-of-sale and logistics providers
- Technology: assessing software development and SaaS providers
- Energy and utilities: managing critical infrastructure vendors
- Government: handling public procurement and classified data
- Manufacturing: evaluating production and materials suppliers
- Education: managing student data processors and cloud tools
- Nonprofit: overseeing donor data and grant management vendors
- Cross-sector: managing common service providers like cloud and payroll
- Addressing sector-specific regulatory nuances
- Learning from industry-specific breach case studies
- Designing custom risk profiles for verticals
Module 15: Building a Culture of Third Party Risk Awareness - Training procurement and business units on risk responsibilities
- Communicating risk policies across departments
- Establishing risk champions in key business areas
- Creating onboarding materials for new employees
- Hosting risk awareness workshops and tabletop exercises
- Encouraging risk reporting and speaking up about concerns
- Recognising and rewarding proactive risk management
- Integrating risk considerations into performance reviews
- Using internal newsletters and portals for updates
- Measuring cultural change through surveys and feedback
- Aligning training to different audience levels and needs
- Managing resistance to formal risk processes
- Case study: Cultural shift leading to early risk identification
Module 16: Certification, Next Steps, and Career Advancement - Reviewing key concepts and models for mastery
- Completing the final knowledge assessment with confidence
- Submitting your Certificate of Completion application
- Understanding how to showcase your certification professionally
- Adding the credential to your LinkedIn profile and resume
- Using your certification in negotiations for promotions or roles
- Accessing ongoing updates and new materials for lifetime learners
- Joining a community of certified professionals
- Planning next skills: advanced audit, cyber security, or leadership paths
- Building a personal Third Party Risk Management toolkit
- Creating a 90-day action plan for implementation at work
- Scheduling follow-up reviews and refreshers
- Tracking your long-term career ROI from this investment
- Case study: Certification leading to a leadership promotion in risk
Module 1: Foundations of Third Party Risk Management - Understanding the modern third party ecosystem and its complexity
- Defining third party risk across industries and regulatory environments
- Key drivers of third party risk: globalisation, digitalisation, and supply chain interdependence
- The business case for proactive third party risk management
- Common misconceptions and pitfalls in third party risk oversight
- Regulatory expectations and enforcement trends across jurisdictions
- Differentiating between operational, compliance, financial, reputational, and strategic risk
- The role of senior leadership and board oversight in risk governance
- Linking third party risk to enterprise risk management frameworks
- Establishing risk appetite and tolerance levels for third party relationships
- Key roles and responsibilities: risk owners, procurement, legal, and compliance teams
- The evolution of third party risk from siloed oversight to integrated resilience
- Case study: A breakdown of the Target data breach and third party supply chain failure
Module 2: Core Risk Frameworks and Governance Structures - Comparing leading regulatory and industry standards: ISO, COSO, NIST, and GDPR
- Integrating third party risk into existing governance models
- Designing a centralised vs decentralised risk oversight model
- Developing a formal Third Party Risk Management Policy document
- Creating a Risk Committee charter with third party oversight responsibilities
- Defining escalation protocols for high-risk findings
- Setting risk thresholds and materiality benchmarks
- Mapping risk ownership across business units and functions
- Establishing risk reporting cadence and dashboards for executives
- Aligning third party risk management with internal audit planning
- Documenting governance decisions and maintaining audit trails
- Ensuring accountability through role-based access and sign-off processes
- Case study: Building a governance model in a regulated financial institution
Module 3: Risk Categorisation and Vendor Tiering Strategies - Principles of vendor classification and risk-based segmentation
- Developing a risk scoring model for third parties
- Defining critical, high, medium, and low-risk vendor categories
- Factors that influence vendor risk level: data access, criticality, location, financial stability
- Using tiered due diligence based on risk classification
- Tailoring oversight requirements by vendor type and service offering
- Managing cloud service providers as strategic risk partners
- Assessing risks associated with offshore and nearshore vendors
- Handling sole-source and monopoly suppliers
- Dynamic vendor reclassification based on performance and incidents
- Creating a vendor inventory with categorisation metadata
- Integrating tiering into contract management and renewal decisions
- Case study: Risk tiering in a global pharmaceutical supply chain
Module 4: Due Diligence and Pre-Engagement Risk Assessment - Designing a comprehensive due diligence questionnaire
- Validating vendor credentials, certifications, and references
- Assessing financial health and business continuity planning
- Reviewing cyber security practices and controls
- Evaluating insurance coverage and liability limits
- Screening for sanctions, politically exposed persons, and adverse media
- Conducting background checks on ownership and leadership
- Analysing legal structure and jurisdictional risks
- Understanding subsidiary and subcontractor exposure
- Assessing reliance on other third parties in the vendor’s supply chain
- Reviewing past audit findings and incident history
- Determining data classification and handling responsibilities
- Using automated due diligence platforms and tools
- Drafting a pre-contract risk assessment report
- Case study: Due diligence failure leading to regulatory fines in a banking partner
Module 5: Contractual Risk Mitigation and Legal Safeguards - Key risk clauses to include in third party contracts
- Negotiating service level agreements with enforceable penalties
- Defining data protection obligations under GDPR, CCPA, and other regulations
- Establishing audit rights and access to systems and records
- Requiring cyber security standards and regular reporting
- Ensuring right to terminate for cause or risk escalation
- Defining incident response roles and notification timelines
- Addressing intellectual property ownership and licensing
- Managing subcontracting and fourth-party risk
- Including business continuity and disaster recovery requirements
- Defining liability caps and indemnification terms
- Requiring cyber insurance and naming your organisation as additional insured
- Creating a contract repository with risk metadata tagging
- Managing contract lifecycle and renewal triggers
- Case study: Legal exposure due to missing audit rights in a cloud contract
Module 6: Ongoing Monitoring and Performance Assessment - Designing a proactive monitoring strategy for active vendors
- Setting key risk indicators and performance thresholds
- Scheduling regular risk reassessments based on vendor tier
- Reviewing vendor performance reports and SLA compliance
- Monitoring financial health updates and credit ratings
- Tracking adverse news and reputational events
- Analysing cyber threat intelligence feeds related to vendors
- Tracking patch management and vulnerability disclosure patterns
- Using automated monitoring tools and alert systems
- Conducting periodic reassessment of risk scores
- Managing changes in vendor scope, ownership, or capabilities
- Reporting abnormal findings to risk committees
- Documenting follow-up actions and remediation plans
- Case study: Early detection of financial distress in a logistics partner
Module 7: Risk Assessments and Control Evaluation - Conducting third party risk assessments using structured methodologies
- Applying risk likelihood and impact scoring models
- Identifying inherent vs residual risk levels
- Selecting risk assessment frameworks: qualitative, quantitative, or hybrid
- Mapping vendor controls to relevant standards like SOC 2 or ISO 27001
- Evaluating control design and operating effectiveness
- Using control testing procedures and sampling techniques
- Validating control self-assessments with evidence
- Identifying control gaps and compensating controls
- Assessing business continuity and disaster recovery testing results
- Reviewing penetration testing and vulnerability scan reports
- Reporting assessment findings with risk ratings and recommendations
- Tracking remediation progress over time
- Creating a risk register with vendor-specific entries
- Case study: Control failure in a payroll provider leading to payroll outage
Module 8: Cyber Security and Data Protection Risk Oversight - Assessing vendor cyber security posture using industry benchmarks
- Reviewing security policies, incident response plans, and training programs
- Evaluating access controls and identity management practices
- Analysing encryption standards for data at rest and in transit
- Reviewing network segmentation and firewall configurations
- Assessing patch management and vulnerability remediation timelines
- Monitoring for unauthorised access attempts or insider threats
- Requiring regular cyber security attestation reports
- Understanding shared responsibility models in cloud environments
- Managing data residency and cross-border transfer risks
- Ensuring compliance with data minimisation and retention policies
- Handling data subject access requests through vendors
- Responding to data breaches involving third parties
- Drafting data processing agreements that meet legal requirements
- Case study: Data breach via third party lead generation firm
Module 9: Business Continuity and Resilience Planning - Assessing vendor business continuity and disaster recovery plans
- Reviewing recovery time objectives and recovery point objectives
- Mapping critical vendor dependencies into your own BCP
- Testing vendor response in simulated incident scenarios
- Requiring proof of regular BCP testing and results
- Identifying single points of failure in vendor relationships
- Developing contingency plans and alternative suppliers
- Ensuring access to systems during vendor outages
- Tracking geographic concentration risk in vendor operations
- Managing reliance on third party facilities and data centres
- Planning for workforce continuity and key personnel risks
- Ensuring contract provisions support continuity during disruptions
- Documenting lessons learned from past service interruptions
- Case study: Supply chain disruption during natural disaster
Module 10: Incident Response and Crisis Management with Third Parties - Integrating third parties into your organisation’s incident response plan
- Establishing communication protocols during a joint incident
- Defining roles for vendor coordination in breach scenarios
- Requiring immediate notification of security incidents
- Investigating root cause with vendor cooperation
- Managing joint forensic investigations and data preservation
- Handling regulatory reporting obligations involving third parties
- Communicating with stakeholders and customers during incidents
- Documenting incident timelines and vendor actions
- Conducting post-incident reviews and updating controls
- Enforcing contractual penalties for response failures
- Updating risk assessments based on incident learnings
- Building incident playbooks for high-risk vendors
- Case study: Slow vendor response exacerbating a cyber attack impact
Module 11: Regulatory Compliance and Audit Readiness - Tracking regulatory requirements across regions and sectors
- Demonstrating due diligence to auditors and examiners
- Preparing for third party risk reviews by internal and external auditors
- Compiling evidence packages for high-risk vendors
- Documenting risk acceptance decisions with justification
- Maintaining a defensible audit trail for all assessments
- Responding to regulator inquiries about third party oversight
- Managing findings from audits and regulatory exams
- Ensuring alignment with industry-specific mandates: HIPAA, SOX, FISMA
- Reporting third party risks in regulatory filings
- Using compliance dashboards to track readiness metrics
- Updating policies and controls based on audit feedback
- Case study: Regulatory penalty avoided due to robust documentation
Module 12: Tools, Technology, and Automation - Selection criteria for third party risk management platforms
- Comparing leading TPRM software solutions and their capabilities
- Integrating with GRC, procurement, and contract management systems
- Automating due diligence workflows and reminders
- Configuring risk scoring engines and alert thresholds
- Using dashboards to visualise risk trends and exposure
- Implementing workflow routing for approvals and escalations
- Managing document repositories and version control
- Utilising APIs for data enrichment from external sources
- Automating monitoring with news feeds and financial data
- Generating compliance reports and board-level summaries
- Ensuring data privacy and access controls within the platform
- Planning for user adoption and training
- Measuring ROI of technology investments in risk management
- Case study: Digital transformation of a manual risk process
Module 13: Mergers, Acquisitions, and Third Party Integration - Conducting third party due diligence during M&A transactions
- Assessing target company vendor risks pre-acquisition
- Identifying critical third party dependencies in acquisition targets
- Mapping inherited vendors into your risk framework
- Reclassifying and reassessing acquired vendors
- Negotiating transition or exit plans for high-risk inherited vendors
- Harmonising contract terms and service levels post-merger
- Integrating vendor data into central repositories
- Managing cultural and operational differences in vendor management
- Ensuring continuity during integration periods
- Updating governance and oversight structures
- Reporting on vendor integration progress to leadership
- Case study: Risk exposure discovered during pre-acquisition review
Module 14: Industry-Specific Risk Considerations - Financial services: managing core banking and fintech partners
- Healthcare: ensuring HIPAA compliance with medical device vendors
- Retail: securing point-of-sale and logistics providers
- Technology: assessing software development and SaaS providers
- Energy and utilities: managing critical infrastructure vendors
- Government: handling public procurement and classified data
- Manufacturing: evaluating production and materials suppliers
- Education: managing student data processors and cloud tools
- Nonprofit: overseeing donor data and grant management vendors
- Cross-sector: managing common service providers like cloud and payroll
- Addressing sector-specific regulatory nuances
- Learning from industry-specific breach case studies
- Designing custom risk profiles for verticals
Module 15: Building a Culture of Third Party Risk Awareness - Training procurement and business units on risk responsibilities
- Communicating risk policies across departments
- Establishing risk champions in key business areas
- Creating onboarding materials for new employees
- Hosting risk awareness workshops and tabletop exercises
- Encouraging risk reporting and speaking up about concerns
- Recognising and rewarding proactive risk management
- Integrating risk considerations into performance reviews
- Using internal newsletters and portals for updates
- Measuring cultural change through surveys and feedback
- Aligning training to different audience levels and needs
- Managing resistance to formal risk processes
- Case study: Cultural shift leading to early risk identification
Module 16: Certification, Next Steps, and Career Advancement - Reviewing key concepts and models for mastery
- Completing the final knowledge assessment with confidence
- Submitting your Certificate of Completion application
- Understanding how to showcase your certification professionally
- Adding the credential to your LinkedIn profile and resume
- Using your certification in negotiations for promotions or roles
- Accessing ongoing updates and new materials for lifetime learners
- Joining a community of certified professionals
- Planning next skills: advanced audit, cyber security, or leadership paths
- Building a personal Third Party Risk Management toolkit
- Creating a 90-day action plan for implementation at work
- Scheduling follow-up reviews and refreshers
- Tracking your long-term career ROI from this investment
- Case study: Certification leading to a leadership promotion in risk
- Comparing leading regulatory and industry standards: ISO, COSO, NIST, and GDPR
- Integrating third party risk into existing governance models
- Designing a centralised vs decentralised risk oversight model
- Developing a formal Third Party Risk Management Policy document
- Creating a Risk Committee charter with third party oversight responsibilities
- Defining escalation protocols for high-risk findings
- Setting risk thresholds and materiality benchmarks
- Mapping risk ownership across business units and functions
- Establishing risk reporting cadence and dashboards for executives
- Aligning third party risk management with internal audit planning
- Documenting governance decisions and maintaining audit trails
- Ensuring accountability through role-based access and sign-off processes
- Case study: Building a governance model in a regulated financial institution
Module 3: Risk Categorisation and Vendor Tiering Strategies - Principles of vendor classification and risk-based segmentation
- Developing a risk scoring model for third parties
- Defining critical, high, medium, and low-risk vendor categories
- Factors that influence vendor risk level: data access, criticality, location, financial stability
- Using tiered due diligence based on risk classification
- Tailoring oversight requirements by vendor type and service offering
- Managing cloud service providers as strategic risk partners
- Assessing risks associated with offshore and nearshore vendors
- Handling sole-source and monopoly suppliers
- Dynamic vendor reclassification based on performance and incidents
- Creating a vendor inventory with categorisation metadata
- Integrating tiering into contract management and renewal decisions
- Case study: Risk tiering in a global pharmaceutical supply chain
Module 4: Due Diligence and Pre-Engagement Risk Assessment - Designing a comprehensive due diligence questionnaire
- Validating vendor credentials, certifications, and references
- Assessing financial health and business continuity planning
- Reviewing cyber security practices and controls
- Evaluating insurance coverage and liability limits
- Screening for sanctions, politically exposed persons, and adverse media
- Conducting background checks on ownership and leadership
- Analysing legal structure and jurisdictional risks
- Understanding subsidiary and subcontractor exposure
- Assessing reliance on other third parties in the vendor’s supply chain
- Reviewing past audit findings and incident history
- Determining data classification and handling responsibilities
- Using automated due diligence platforms and tools
- Drafting a pre-contract risk assessment report
- Case study: Due diligence failure leading to regulatory fines in a banking partner
Module 5: Contractual Risk Mitigation and Legal Safeguards - Key risk clauses to include in third party contracts
- Negotiating service level agreements with enforceable penalties
- Defining data protection obligations under GDPR, CCPA, and other regulations
- Establishing audit rights and access to systems and records
- Requiring cyber security standards and regular reporting
- Ensuring right to terminate for cause or risk escalation
- Defining incident response roles and notification timelines
- Addressing intellectual property ownership and licensing
- Managing subcontracting and fourth-party risk
- Including business continuity and disaster recovery requirements
- Defining liability caps and indemnification terms
- Requiring cyber insurance and naming your organisation as additional insured
- Creating a contract repository with risk metadata tagging
- Managing contract lifecycle and renewal triggers
- Case study: Legal exposure due to missing audit rights in a cloud contract
Module 6: Ongoing Monitoring and Performance Assessment - Designing a proactive monitoring strategy for active vendors
- Setting key risk indicators and performance thresholds
- Scheduling regular risk reassessments based on vendor tier
- Reviewing vendor performance reports and SLA compliance
- Monitoring financial health updates and credit ratings
- Tracking adverse news and reputational events
- Analysing cyber threat intelligence feeds related to vendors
- Tracking patch management and vulnerability disclosure patterns
- Using automated monitoring tools and alert systems
- Conducting periodic reassessment of risk scores
- Managing changes in vendor scope, ownership, or capabilities
- Reporting abnormal findings to risk committees
- Documenting follow-up actions and remediation plans
- Case study: Early detection of financial distress in a logistics partner
Module 7: Risk Assessments and Control Evaluation - Conducting third party risk assessments using structured methodologies
- Applying risk likelihood and impact scoring models
- Identifying inherent vs residual risk levels
- Selecting risk assessment frameworks: qualitative, quantitative, or hybrid
- Mapping vendor controls to relevant standards like SOC 2 or ISO 27001
- Evaluating control design and operating effectiveness
- Using control testing procedures and sampling techniques
- Validating control self-assessments with evidence
- Identifying control gaps and compensating controls
- Assessing business continuity and disaster recovery testing results
- Reviewing penetration testing and vulnerability scan reports
- Reporting assessment findings with risk ratings and recommendations
- Tracking remediation progress over time
- Creating a risk register with vendor-specific entries
- Case study: Control failure in a payroll provider leading to payroll outage
Module 8: Cyber Security and Data Protection Risk Oversight - Assessing vendor cyber security posture using industry benchmarks
- Reviewing security policies, incident response plans, and training programs
- Evaluating access controls and identity management practices
- Analysing encryption standards for data at rest and in transit
- Reviewing network segmentation and firewall configurations
- Assessing patch management and vulnerability remediation timelines
- Monitoring for unauthorised access attempts or insider threats
- Requiring regular cyber security attestation reports
- Understanding shared responsibility models in cloud environments
- Managing data residency and cross-border transfer risks
- Ensuring compliance with data minimisation and retention policies
- Handling data subject access requests through vendors
- Responding to data breaches involving third parties
- Drafting data processing agreements that meet legal requirements
- Case study: Data breach via third party lead generation firm
Module 9: Business Continuity and Resilience Planning - Assessing vendor business continuity and disaster recovery plans
- Reviewing recovery time objectives and recovery point objectives
- Mapping critical vendor dependencies into your own BCP
- Testing vendor response in simulated incident scenarios
- Requiring proof of regular BCP testing and results
- Identifying single points of failure in vendor relationships
- Developing contingency plans and alternative suppliers
- Ensuring access to systems during vendor outages
- Tracking geographic concentration risk in vendor operations
- Managing reliance on third party facilities and data centres
- Planning for workforce continuity and key personnel risks
- Ensuring contract provisions support continuity during disruptions
- Documenting lessons learned from past service interruptions
- Case study: Supply chain disruption during natural disaster
Module 10: Incident Response and Crisis Management with Third Parties - Integrating third parties into your organisation’s incident response plan
- Establishing communication protocols during a joint incident
- Defining roles for vendor coordination in breach scenarios
- Requiring immediate notification of security incidents
- Investigating root cause with vendor cooperation
- Managing joint forensic investigations and data preservation
- Handling regulatory reporting obligations involving third parties
- Communicating with stakeholders and customers during incidents
- Documenting incident timelines and vendor actions
- Conducting post-incident reviews and updating controls
- Enforcing contractual penalties for response failures
- Updating risk assessments based on incident learnings
- Building incident playbooks for high-risk vendors
- Case study: Slow vendor response exacerbating a cyber attack impact
Module 11: Regulatory Compliance and Audit Readiness - Tracking regulatory requirements across regions and sectors
- Demonstrating due diligence to auditors and examiners
- Preparing for third party risk reviews by internal and external auditors
- Compiling evidence packages for high-risk vendors
- Documenting risk acceptance decisions with justification
- Maintaining a defensible audit trail for all assessments
- Responding to regulator inquiries about third party oversight
- Managing findings from audits and regulatory exams
- Ensuring alignment with industry-specific mandates: HIPAA, SOX, FISMA
- Reporting third party risks in regulatory filings
- Using compliance dashboards to track readiness metrics
- Updating policies and controls based on audit feedback
- Case study: Regulatory penalty avoided due to robust documentation
Module 12: Tools, Technology, and Automation - Selection criteria for third party risk management platforms
- Comparing leading TPRM software solutions and their capabilities
- Integrating with GRC, procurement, and contract management systems
- Automating due diligence workflows and reminders
- Configuring risk scoring engines and alert thresholds
- Using dashboards to visualise risk trends and exposure
- Implementing workflow routing for approvals and escalations
- Managing document repositories and version control
- Utilising APIs for data enrichment from external sources
- Automating monitoring with news feeds and financial data
- Generating compliance reports and board-level summaries
- Ensuring data privacy and access controls within the platform
- Planning for user adoption and training
- Measuring ROI of technology investments in risk management
- Case study: Digital transformation of a manual risk process
Module 13: Mergers, Acquisitions, and Third Party Integration - Conducting third party due diligence during M&A transactions
- Assessing target company vendor risks pre-acquisition
- Identifying critical third party dependencies in acquisition targets
- Mapping inherited vendors into your risk framework
- Reclassifying and reassessing acquired vendors
- Negotiating transition or exit plans for high-risk inherited vendors
- Harmonising contract terms and service levels post-merger
- Integrating vendor data into central repositories
- Managing cultural and operational differences in vendor management
- Ensuring continuity during integration periods
- Updating governance and oversight structures
- Reporting on vendor integration progress to leadership
- Case study: Risk exposure discovered during pre-acquisition review
Module 14: Industry-Specific Risk Considerations - Financial services: managing core banking and fintech partners
- Healthcare: ensuring HIPAA compliance with medical device vendors
- Retail: securing point-of-sale and logistics providers
- Technology: assessing software development and SaaS providers
- Energy and utilities: managing critical infrastructure vendors
- Government: handling public procurement and classified data
- Manufacturing: evaluating production and materials suppliers
- Education: managing student data processors and cloud tools
- Nonprofit: overseeing donor data and grant management vendors
- Cross-sector: managing common service providers like cloud and payroll
- Addressing sector-specific regulatory nuances
- Learning from industry-specific breach case studies
- Designing custom risk profiles for verticals
Module 15: Building a Culture of Third Party Risk Awareness - Training procurement and business units on risk responsibilities
- Communicating risk policies across departments
- Establishing risk champions in key business areas
- Creating onboarding materials for new employees
- Hosting risk awareness workshops and tabletop exercises
- Encouraging risk reporting and speaking up about concerns
- Recognising and rewarding proactive risk management
- Integrating risk considerations into performance reviews
- Using internal newsletters and portals for updates
- Measuring cultural change through surveys and feedback
- Aligning training to different audience levels and needs
- Managing resistance to formal risk processes
- Case study: Cultural shift leading to early risk identification
Module 16: Certification, Next Steps, and Career Advancement - Reviewing key concepts and models for mastery
- Completing the final knowledge assessment with confidence
- Submitting your Certificate of Completion application
- Understanding how to showcase your certification professionally
- Adding the credential to your LinkedIn profile and resume
- Using your certification in negotiations for promotions or roles
- Accessing ongoing updates and new materials for lifetime learners
- Joining a community of certified professionals
- Planning next skills: advanced audit, cyber security, or leadership paths
- Building a personal Third Party Risk Management toolkit
- Creating a 90-day action plan for implementation at work
- Scheduling follow-up reviews and refreshers
- Tracking your long-term career ROI from this investment
- Case study: Certification leading to a leadership promotion in risk
- Designing a comprehensive due diligence questionnaire
- Validating vendor credentials, certifications, and references
- Assessing financial health and business continuity planning
- Reviewing cyber security practices and controls
- Evaluating insurance coverage and liability limits
- Screening for sanctions, politically exposed persons, and adverse media
- Conducting background checks on ownership and leadership
- Analysing legal structure and jurisdictional risks
- Understanding subsidiary and subcontractor exposure
- Assessing reliance on other third parties in the vendor’s supply chain
- Reviewing past audit findings and incident history
- Determining data classification and handling responsibilities
- Using automated due diligence platforms and tools
- Drafting a pre-contract risk assessment report
- Case study: Due diligence failure leading to regulatory fines in a banking partner
Module 5: Contractual Risk Mitigation and Legal Safeguards - Key risk clauses to include in third party contracts
- Negotiating service level agreements with enforceable penalties
- Defining data protection obligations under GDPR, CCPA, and other regulations
- Establishing audit rights and access to systems and records
- Requiring cyber security standards and regular reporting
- Ensuring right to terminate for cause or risk escalation
- Defining incident response roles and notification timelines
- Addressing intellectual property ownership and licensing
- Managing subcontracting and fourth-party risk
- Including business continuity and disaster recovery requirements
- Defining liability caps and indemnification terms
- Requiring cyber insurance and naming your organisation as additional insured
- Creating a contract repository with risk metadata tagging
- Managing contract lifecycle and renewal triggers
- Case study: Legal exposure due to missing audit rights in a cloud contract
Module 6: Ongoing Monitoring and Performance Assessment - Designing a proactive monitoring strategy for active vendors
- Setting key risk indicators and performance thresholds
- Scheduling regular risk reassessments based on vendor tier
- Reviewing vendor performance reports and SLA compliance
- Monitoring financial health updates and credit ratings
- Tracking adverse news and reputational events
- Analysing cyber threat intelligence feeds related to vendors
- Tracking patch management and vulnerability disclosure patterns
- Using automated monitoring tools and alert systems
- Conducting periodic reassessment of risk scores
- Managing changes in vendor scope, ownership, or capabilities
- Reporting abnormal findings to risk committees
- Documenting follow-up actions and remediation plans
- Case study: Early detection of financial distress in a logistics partner
Module 7: Risk Assessments and Control Evaluation - Conducting third party risk assessments using structured methodologies
- Applying risk likelihood and impact scoring models
- Identifying inherent vs residual risk levels
- Selecting risk assessment frameworks: qualitative, quantitative, or hybrid
- Mapping vendor controls to relevant standards like SOC 2 or ISO 27001
- Evaluating control design and operating effectiveness
- Using control testing procedures and sampling techniques
- Validating control self-assessments with evidence
- Identifying control gaps and compensating controls
- Assessing business continuity and disaster recovery testing results
- Reviewing penetration testing and vulnerability scan reports
- Reporting assessment findings with risk ratings and recommendations
- Tracking remediation progress over time
- Creating a risk register with vendor-specific entries
- Case study: Control failure in a payroll provider leading to payroll outage
Module 8: Cyber Security and Data Protection Risk Oversight - Assessing vendor cyber security posture using industry benchmarks
- Reviewing security policies, incident response plans, and training programs
- Evaluating access controls and identity management practices
- Analysing encryption standards for data at rest and in transit
- Reviewing network segmentation and firewall configurations
- Assessing patch management and vulnerability remediation timelines
- Monitoring for unauthorised access attempts or insider threats
- Requiring regular cyber security attestation reports
- Understanding shared responsibility models in cloud environments
- Managing data residency and cross-border transfer risks
- Ensuring compliance with data minimisation and retention policies
- Handling data subject access requests through vendors
- Responding to data breaches involving third parties
- Drafting data processing agreements that meet legal requirements
- Case study: Data breach via third party lead generation firm
Module 9: Business Continuity and Resilience Planning - Assessing vendor business continuity and disaster recovery plans
- Reviewing recovery time objectives and recovery point objectives
- Mapping critical vendor dependencies into your own BCP
- Testing vendor response in simulated incident scenarios
- Requiring proof of regular BCP testing and results
- Identifying single points of failure in vendor relationships
- Developing contingency plans and alternative suppliers
- Ensuring access to systems during vendor outages
- Tracking geographic concentration risk in vendor operations
- Managing reliance on third party facilities and data centres
- Planning for workforce continuity and key personnel risks
- Ensuring contract provisions support continuity during disruptions
- Documenting lessons learned from past service interruptions
- Case study: Supply chain disruption during natural disaster
Module 10: Incident Response and Crisis Management with Third Parties - Integrating third parties into your organisation’s incident response plan
- Establishing communication protocols during a joint incident
- Defining roles for vendor coordination in breach scenarios
- Requiring immediate notification of security incidents
- Investigating root cause with vendor cooperation
- Managing joint forensic investigations and data preservation
- Handling regulatory reporting obligations involving third parties
- Communicating with stakeholders and customers during incidents
- Documenting incident timelines and vendor actions
- Conducting post-incident reviews and updating controls
- Enforcing contractual penalties for response failures
- Updating risk assessments based on incident learnings
- Building incident playbooks for high-risk vendors
- Case study: Slow vendor response exacerbating a cyber attack impact
Module 11: Regulatory Compliance and Audit Readiness - Tracking regulatory requirements across regions and sectors
- Demonstrating due diligence to auditors and examiners
- Preparing for third party risk reviews by internal and external auditors
- Compiling evidence packages for high-risk vendors
- Documenting risk acceptance decisions with justification
- Maintaining a defensible audit trail for all assessments
- Responding to regulator inquiries about third party oversight
- Managing findings from audits and regulatory exams
- Ensuring alignment with industry-specific mandates: HIPAA, SOX, FISMA
- Reporting third party risks in regulatory filings
- Using compliance dashboards to track readiness metrics
- Updating policies and controls based on audit feedback
- Case study: Regulatory penalty avoided due to robust documentation
Module 12: Tools, Technology, and Automation - Selection criteria for third party risk management platforms
- Comparing leading TPRM software solutions and their capabilities
- Integrating with GRC, procurement, and contract management systems
- Automating due diligence workflows and reminders
- Configuring risk scoring engines and alert thresholds
- Using dashboards to visualise risk trends and exposure
- Implementing workflow routing for approvals and escalations
- Managing document repositories and version control
- Utilising APIs for data enrichment from external sources
- Automating monitoring with news feeds and financial data
- Generating compliance reports and board-level summaries
- Ensuring data privacy and access controls within the platform
- Planning for user adoption and training
- Measuring ROI of technology investments in risk management
- Case study: Digital transformation of a manual risk process
Module 13: Mergers, Acquisitions, and Third Party Integration - Conducting third party due diligence during M&A transactions
- Assessing target company vendor risks pre-acquisition
- Identifying critical third party dependencies in acquisition targets
- Mapping inherited vendors into your risk framework
- Reclassifying and reassessing acquired vendors
- Negotiating transition or exit plans for high-risk inherited vendors
- Harmonising contract terms and service levels post-merger
- Integrating vendor data into central repositories
- Managing cultural and operational differences in vendor management
- Ensuring continuity during integration periods
- Updating governance and oversight structures
- Reporting on vendor integration progress to leadership
- Case study: Risk exposure discovered during pre-acquisition review
Module 14: Industry-Specific Risk Considerations - Financial services: managing core banking and fintech partners
- Healthcare: ensuring HIPAA compliance with medical device vendors
- Retail: securing point-of-sale and logistics providers
- Technology: assessing software development and SaaS providers
- Energy and utilities: managing critical infrastructure vendors
- Government: handling public procurement and classified data
- Manufacturing: evaluating production and materials suppliers
- Education: managing student data processors and cloud tools
- Nonprofit: overseeing donor data and grant management vendors
- Cross-sector: managing common service providers like cloud and payroll
- Addressing sector-specific regulatory nuances
- Learning from industry-specific breach case studies
- Designing custom risk profiles for verticals
Module 15: Building a Culture of Third Party Risk Awareness - Training procurement and business units on risk responsibilities
- Communicating risk policies across departments
- Establishing risk champions in key business areas
- Creating onboarding materials for new employees
- Hosting risk awareness workshops and tabletop exercises
- Encouraging risk reporting and speaking up about concerns
- Recognising and rewarding proactive risk management
- Integrating risk considerations into performance reviews
- Using internal newsletters and portals for updates
- Measuring cultural change through surveys and feedback
- Aligning training to different audience levels and needs
- Managing resistance to formal risk processes
- Case study: Cultural shift leading to early risk identification
Module 16: Certification, Next Steps, and Career Advancement - Reviewing key concepts and models for mastery
- Completing the final knowledge assessment with confidence
- Submitting your Certificate of Completion application
- Understanding how to showcase your certification professionally
- Adding the credential to your LinkedIn profile and resume
- Using your certification in negotiations for promotions or roles
- Accessing ongoing updates and new materials for lifetime learners
- Joining a community of certified professionals
- Planning next skills: advanced audit, cyber security, or leadership paths
- Building a personal Third Party Risk Management toolkit
- Creating a 90-day action plan for implementation at work
- Scheduling follow-up reviews and refreshers
- Tracking your long-term career ROI from this investment
- Case study: Certification leading to a leadership promotion in risk
- Designing a proactive monitoring strategy for active vendors
- Setting key risk indicators and performance thresholds
- Scheduling regular risk reassessments based on vendor tier
- Reviewing vendor performance reports and SLA compliance
- Monitoring financial health updates and credit ratings
- Tracking adverse news and reputational events
- Analysing cyber threat intelligence feeds related to vendors
- Tracking patch management and vulnerability disclosure patterns
- Using automated monitoring tools and alert systems
- Conducting periodic reassessment of risk scores
- Managing changes in vendor scope, ownership, or capabilities
- Reporting abnormal findings to risk committees
- Documenting follow-up actions and remediation plans
- Case study: Early detection of financial distress in a logistics partner
Module 7: Risk Assessments and Control Evaluation - Conducting third party risk assessments using structured methodologies
- Applying risk likelihood and impact scoring models
- Identifying inherent vs residual risk levels
- Selecting risk assessment frameworks: qualitative, quantitative, or hybrid
- Mapping vendor controls to relevant standards like SOC 2 or ISO 27001
- Evaluating control design and operating effectiveness
- Using control testing procedures and sampling techniques
- Validating control self-assessments with evidence
- Identifying control gaps and compensating controls
- Assessing business continuity and disaster recovery testing results
- Reviewing penetration testing and vulnerability scan reports
- Reporting assessment findings with risk ratings and recommendations
- Tracking remediation progress over time
- Creating a risk register with vendor-specific entries
- Case study: Control failure in a payroll provider leading to payroll outage
Module 8: Cyber Security and Data Protection Risk Oversight - Assessing vendor cyber security posture using industry benchmarks
- Reviewing security policies, incident response plans, and training programs
- Evaluating access controls and identity management practices
- Analysing encryption standards for data at rest and in transit
- Reviewing network segmentation and firewall configurations
- Assessing patch management and vulnerability remediation timelines
- Monitoring for unauthorised access attempts or insider threats
- Requiring regular cyber security attestation reports
- Understanding shared responsibility models in cloud environments
- Managing data residency and cross-border transfer risks
- Ensuring compliance with data minimisation and retention policies
- Handling data subject access requests through vendors
- Responding to data breaches involving third parties
- Drafting data processing agreements that meet legal requirements
- Case study: Data breach via third party lead generation firm
Module 9: Business Continuity and Resilience Planning - Assessing vendor business continuity and disaster recovery plans
- Reviewing recovery time objectives and recovery point objectives
- Mapping critical vendor dependencies into your own BCP
- Testing vendor response in simulated incident scenarios
- Requiring proof of regular BCP testing and results
- Identifying single points of failure in vendor relationships
- Developing contingency plans and alternative suppliers
- Ensuring access to systems during vendor outages
- Tracking geographic concentration risk in vendor operations
- Managing reliance on third party facilities and data centres
- Planning for workforce continuity and key personnel risks
- Ensuring contract provisions support continuity during disruptions
- Documenting lessons learned from past service interruptions
- Case study: Supply chain disruption during natural disaster
Module 10: Incident Response and Crisis Management with Third Parties - Integrating third parties into your organisation’s incident response plan
- Establishing communication protocols during a joint incident
- Defining roles for vendor coordination in breach scenarios
- Requiring immediate notification of security incidents
- Investigating root cause with vendor cooperation
- Managing joint forensic investigations and data preservation
- Handling regulatory reporting obligations involving third parties
- Communicating with stakeholders and customers during incidents
- Documenting incident timelines and vendor actions
- Conducting post-incident reviews and updating controls
- Enforcing contractual penalties for response failures
- Updating risk assessments based on incident learnings
- Building incident playbooks for high-risk vendors
- Case study: Slow vendor response exacerbating a cyber attack impact
Module 11: Regulatory Compliance and Audit Readiness - Tracking regulatory requirements across regions and sectors
- Demonstrating due diligence to auditors and examiners
- Preparing for third party risk reviews by internal and external auditors
- Compiling evidence packages for high-risk vendors
- Documenting risk acceptance decisions with justification
- Maintaining a defensible audit trail for all assessments
- Responding to regulator inquiries about third party oversight
- Managing findings from audits and regulatory exams
- Ensuring alignment with industry-specific mandates: HIPAA, SOX, FISMA
- Reporting third party risks in regulatory filings
- Using compliance dashboards to track readiness metrics
- Updating policies and controls based on audit feedback
- Case study: Regulatory penalty avoided due to robust documentation
Module 12: Tools, Technology, and Automation - Selection criteria for third party risk management platforms
- Comparing leading TPRM software solutions and their capabilities
- Integrating with GRC, procurement, and contract management systems
- Automating due diligence workflows and reminders
- Configuring risk scoring engines and alert thresholds
- Using dashboards to visualise risk trends and exposure
- Implementing workflow routing for approvals and escalations
- Managing document repositories and version control
- Utilising APIs for data enrichment from external sources
- Automating monitoring with news feeds and financial data
- Generating compliance reports and board-level summaries
- Ensuring data privacy and access controls within the platform
- Planning for user adoption and training
- Measuring ROI of technology investments in risk management
- Case study: Digital transformation of a manual risk process
Module 13: Mergers, Acquisitions, and Third Party Integration - Conducting third party due diligence during M&A transactions
- Assessing target company vendor risks pre-acquisition
- Identifying critical third party dependencies in acquisition targets
- Mapping inherited vendors into your risk framework
- Reclassifying and reassessing acquired vendors
- Negotiating transition or exit plans for high-risk inherited vendors
- Harmonising contract terms and service levels post-merger
- Integrating vendor data into central repositories
- Managing cultural and operational differences in vendor management
- Ensuring continuity during integration periods
- Updating governance and oversight structures
- Reporting on vendor integration progress to leadership
- Case study: Risk exposure discovered during pre-acquisition review
Module 14: Industry-Specific Risk Considerations - Financial services: managing core banking and fintech partners
- Healthcare: ensuring HIPAA compliance with medical device vendors
- Retail: securing point-of-sale and logistics providers
- Technology: assessing software development and SaaS providers
- Energy and utilities: managing critical infrastructure vendors
- Government: handling public procurement and classified data
- Manufacturing: evaluating production and materials suppliers
- Education: managing student data processors and cloud tools
- Nonprofit: overseeing donor data and grant management vendors
- Cross-sector: managing common service providers like cloud and payroll
- Addressing sector-specific regulatory nuances
- Learning from industry-specific breach case studies
- Designing custom risk profiles for verticals
Module 15: Building a Culture of Third Party Risk Awareness - Training procurement and business units on risk responsibilities
- Communicating risk policies across departments
- Establishing risk champions in key business areas
- Creating onboarding materials for new employees
- Hosting risk awareness workshops and tabletop exercises
- Encouraging risk reporting and speaking up about concerns
- Recognising and rewarding proactive risk management
- Integrating risk considerations into performance reviews
- Using internal newsletters and portals for updates
- Measuring cultural change through surveys and feedback
- Aligning training to different audience levels and needs
- Managing resistance to formal risk processes
- Case study: Cultural shift leading to early risk identification
Module 16: Certification, Next Steps, and Career Advancement - Reviewing key concepts and models for mastery
- Completing the final knowledge assessment with confidence
- Submitting your Certificate of Completion application
- Understanding how to showcase your certification professionally
- Adding the credential to your LinkedIn profile and resume
- Using your certification in negotiations for promotions or roles
- Accessing ongoing updates and new materials for lifetime learners
- Joining a community of certified professionals
- Planning next skills: advanced audit, cyber security, or leadership paths
- Building a personal Third Party Risk Management toolkit
- Creating a 90-day action plan for implementation at work
- Scheduling follow-up reviews and refreshers
- Tracking your long-term career ROI from this investment
- Case study: Certification leading to a leadership promotion in risk
- Assessing vendor cyber security posture using industry benchmarks
- Reviewing security policies, incident response plans, and training programs
- Evaluating access controls and identity management practices
- Analysing encryption standards for data at rest and in transit
- Reviewing network segmentation and firewall configurations
- Assessing patch management and vulnerability remediation timelines
- Monitoring for unauthorised access attempts or insider threats
- Requiring regular cyber security attestation reports
- Understanding shared responsibility models in cloud environments
- Managing data residency and cross-border transfer risks
- Ensuring compliance with data minimisation and retention policies
- Handling data subject access requests through vendors
- Responding to data breaches involving third parties
- Drafting data processing agreements that meet legal requirements
- Case study: Data breach via third party lead generation firm
Module 9: Business Continuity and Resilience Planning - Assessing vendor business continuity and disaster recovery plans
- Reviewing recovery time objectives and recovery point objectives
- Mapping critical vendor dependencies into your own BCP
- Testing vendor response in simulated incident scenarios
- Requiring proof of regular BCP testing and results
- Identifying single points of failure in vendor relationships
- Developing contingency plans and alternative suppliers
- Ensuring access to systems during vendor outages
- Tracking geographic concentration risk in vendor operations
- Managing reliance on third party facilities and data centres
- Planning for workforce continuity and key personnel risks
- Ensuring contract provisions support continuity during disruptions
- Documenting lessons learned from past service interruptions
- Case study: Supply chain disruption during natural disaster
Module 10: Incident Response and Crisis Management with Third Parties - Integrating third parties into your organisation’s incident response plan
- Establishing communication protocols during a joint incident
- Defining roles for vendor coordination in breach scenarios
- Requiring immediate notification of security incidents
- Investigating root cause with vendor cooperation
- Managing joint forensic investigations and data preservation
- Handling regulatory reporting obligations involving third parties
- Communicating with stakeholders and customers during incidents
- Documenting incident timelines and vendor actions
- Conducting post-incident reviews and updating controls
- Enforcing contractual penalties for response failures
- Updating risk assessments based on incident learnings
- Building incident playbooks for high-risk vendors
- Case study: Slow vendor response exacerbating a cyber attack impact
Module 11: Regulatory Compliance and Audit Readiness - Tracking regulatory requirements across regions and sectors
- Demonstrating due diligence to auditors and examiners
- Preparing for third party risk reviews by internal and external auditors
- Compiling evidence packages for high-risk vendors
- Documenting risk acceptance decisions with justification
- Maintaining a defensible audit trail for all assessments
- Responding to regulator inquiries about third party oversight
- Managing findings from audits and regulatory exams
- Ensuring alignment with industry-specific mandates: HIPAA, SOX, FISMA
- Reporting third party risks in regulatory filings
- Using compliance dashboards to track readiness metrics
- Updating policies and controls based on audit feedback
- Case study: Regulatory penalty avoided due to robust documentation
Module 12: Tools, Technology, and Automation - Selection criteria for third party risk management platforms
- Comparing leading TPRM software solutions and their capabilities
- Integrating with GRC, procurement, and contract management systems
- Automating due diligence workflows and reminders
- Configuring risk scoring engines and alert thresholds
- Using dashboards to visualise risk trends and exposure
- Implementing workflow routing for approvals and escalations
- Managing document repositories and version control
- Utilising APIs for data enrichment from external sources
- Automating monitoring with news feeds and financial data
- Generating compliance reports and board-level summaries
- Ensuring data privacy and access controls within the platform
- Planning for user adoption and training
- Measuring ROI of technology investments in risk management
- Case study: Digital transformation of a manual risk process
Module 13: Mergers, Acquisitions, and Third Party Integration - Conducting third party due diligence during M&A transactions
- Assessing target company vendor risks pre-acquisition
- Identifying critical third party dependencies in acquisition targets
- Mapping inherited vendors into your risk framework
- Reclassifying and reassessing acquired vendors
- Negotiating transition or exit plans for high-risk inherited vendors
- Harmonising contract terms and service levels post-merger
- Integrating vendor data into central repositories
- Managing cultural and operational differences in vendor management
- Ensuring continuity during integration periods
- Updating governance and oversight structures
- Reporting on vendor integration progress to leadership
- Case study: Risk exposure discovered during pre-acquisition review
Module 14: Industry-Specific Risk Considerations - Financial services: managing core banking and fintech partners
- Healthcare: ensuring HIPAA compliance with medical device vendors
- Retail: securing point-of-sale and logistics providers
- Technology: assessing software development and SaaS providers
- Energy and utilities: managing critical infrastructure vendors
- Government: handling public procurement and classified data
- Manufacturing: evaluating production and materials suppliers
- Education: managing student data processors and cloud tools
- Nonprofit: overseeing donor data and grant management vendors
- Cross-sector: managing common service providers like cloud and payroll
- Addressing sector-specific regulatory nuances
- Learning from industry-specific breach case studies
- Designing custom risk profiles for verticals
Module 15: Building a Culture of Third Party Risk Awareness - Training procurement and business units on risk responsibilities
- Communicating risk policies across departments
- Establishing risk champions in key business areas
- Creating onboarding materials for new employees
- Hosting risk awareness workshops and tabletop exercises
- Encouraging risk reporting and speaking up about concerns
- Recognising and rewarding proactive risk management
- Integrating risk considerations into performance reviews
- Using internal newsletters and portals for updates
- Measuring cultural change through surveys and feedback
- Aligning training to different audience levels and needs
- Managing resistance to formal risk processes
- Case study: Cultural shift leading to early risk identification
Module 16: Certification, Next Steps, and Career Advancement - Reviewing key concepts and models for mastery
- Completing the final knowledge assessment with confidence
- Submitting your Certificate of Completion application
- Understanding how to showcase your certification professionally
- Adding the credential to your LinkedIn profile and resume
- Using your certification in negotiations for promotions or roles
- Accessing ongoing updates and new materials for lifetime learners
- Joining a community of certified professionals
- Planning next skills: advanced audit, cyber security, or leadership paths
- Building a personal Third Party Risk Management toolkit
- Creating a 90-day action plan for implementation at work
- Scheduling follow-up reviews and refreshers
- Tracking your long-term career ROI from this investment
- Case study: Certification leading to a leadership promotion in risk
- Integrating third parties into your organisation’s incident response plan
- Establishing communication protocols during a joint incident
- Defining roles for vendor coordination in breach scenarios
- Requiring immediate notification of security incidents
- Investigating root cause with vendor cooperation
- Managing joint forensic investigations and data preservation
- Handling regulatory reporting obligations involving third parties
- Communicating with stakeholders and customers during incidents
- Documenting incident timelines and vendor actions
- Conducting post-incident reviews and updating controls
- Enforcing contractual penalties for response failures
- Updating risk assessments based on incident learnings
- Building incident playbooks for high-risk vendors
- Case study: Slow vendor response exacerbating a cyber attack impact
Module 11: Regulatory Compliance and Audit Readiness - Tracking regulatory requirements across regions and sectors
- Demonstrating due diligence to auditors and examiners
- Preparing for third party risk reviews by internal and external auditors
- Compiling evidence packages for high-risk vendors
- Documenting risk acceptance decisions with justification
- Maintaining a defensible audit trail for all assessments
- Responding to regulator inquiries about third party oversight
- Managing findings from audits and regulatory exams
- Ensuring alignment with industry-specific mandates: HIPAA, SOX, FISMA
- Reporting third party risks in regulatory filings
- Using compliance dashboards to track readiness metrics
- Updating policies and controls based on audit feedback
- Case study: Regulatory penalty avoided due to robust documentation
Module 12: Tools, Technology, and Automation - Selection criteria for third party risk management platforms
- Comparing leading TPRM software solutions and their capabilities
- Integrating with GRC, procurement, and contract management systems
- Automating due diligence workflows and reminders
- Configuring risk scoring engines and alert thresholds
- Using dashboards to visualise risk trends and exposure
- Implementing workflow routing for approvals and escalations
- Managing document repositories and version control
- Utilising APIs for data enrichment from external sources
- Automating monitoring with news feeds and financial data
- Generating compliance reports and board-level summaries
- Ensuring data privacy and access controls within the platform
- Planning for user adoption and training
- Measuring ROI of technology investments in risk management
- Case study: Digital transformation of a manual risk process
Module 13: Mergers, Acquisitions, and Third Party Integration - Conducting third party due diligence during M&A transactions
- Assessing target company vendor risks pre-acquisition
- Identifying critical third party dependencies in acquisition targets
- Mapping inherited vendors into your risk framework
- Reclassifying and reassessing acquired vendors
- Negotiating transition or exit plans for high-risk inherited vendors
- Harmonising contract terms and service levels post-merger
- Integrating vendor data into central repositories
- Managing cultural and operational differences in vendor management
- Ensuring continuity during integration periods
- Updating governance and oversight structures
- Reporting on vendor integration progress to leadership
- Case study: Risk exposure discovered during pre-acquisition review
Module 14: Industry-Specific Risk Considerations - Financial services: managing core banking and fintech partners
- Healthcare: ensuring HIPAA compliance with medical device vendors
- Retail: securing point-of-sale and logistics providers
- Technology: assessing software development and SaaS providers
- Energy and utilities: managing critical infrastructure vendors
- Government: handling public procurement and classified data
- Manufacturing: evaluating production and materials suppliers
- Education: managing student data processors and cloud tools
- Nonprofit: overseeing donor data and grant management vendors
- Cross-sector: managing common service providers like cloud and payroll
- Addressing sector-specific regulatory nuances
- Learning from industry-specific breach case studies
- Designing custom risk profiles for verticals
Module 15: Building a Culture of Third Party Risk Awareness - Training procurement and business units on risk responsibilities
- Communicating risk policies across departments
- Establishing risk champions in key business areas
- Creating onboarding materials for new employees
- Hosting risk awareness workshops and tabletop exercises
- Encouraging risk reporting and speaking up about concerns
- Recognising and rewarding proactive risk management
- Integrating risk considerations into performance reviews
- Using internal newsletters and portals for updates
- Measuring cultural change through surveys and feedback
- Aligning training to different audience levels and needs
- Managing resistance to formal risk processes
- Case study: Cultural shift leading to early risk identification
Module 16: Certification, Next Steps, and Career Advancement - Reviewing key concepts and models for mastery
- Completing the final knowledge assessment with confidence
- Submitting your Certificate of Completion application
- Understanding how to showcase your certification professionally
- Adding the credential to your LinkedIn profile and resume
- Using your certification in negotiations for promotions or roles
- Accessing ongoing updates and new materials for lifetime learners
- Joining a community of certified professionals
- Planning next skills: advanced audit, cyber security, or leadership paths
- Building a personal Third Party Risk Management toolkit
- Creating a 90-day action plan for implementation at work
- Scheduling follow-up reviews and refreshers
- Tracking your long-term career ROI from this investment
- Case study: Certification leading to a leadership promotion in risk
- Selection criteria for third party risk management platforms
- Comparing leading TPRM software solutions and their capabilities
- Integrating with GRC, procurement, and contract management systems
- Automating due diligence workflows and reminders
- Configuring risk scoring engines and alert thresholds
- Using dashboards to visualise risk trends and exposure
- Implementing workflow routing for approvals and escalations
- Managing document repositories and version control
- Utilising APIs for data enrichment from external sources
- Automating monitoring with news feeds and financial data
- Generating compliance reports and board-level summaries
- Ensuring data privacy and access controls within the platform
- Planning for user adoption and training
- Measuring ROI of technology investments in risk management
- Case study: Digital transformation of a manual risk process
Module 13: Mergers, Acquisitions, and Third Party Integration - Conducting third party due diligence during M&A transactions
- Assessing target company vendor risks pre-acquisition
- Identifying critical third party dependencies in acquisition targets
- Mapping inherited vendors into your risk framework
- Reclassifying and reassessing acquired vendors
- Negotiating transition or exit plans for high-risk inherited vendors
- Harmonising contract terms and service levels post-merger
- Integrating vendor data into central repositories
- Managing cultural and operational differences in vendor management
- Ensuring continuity during integration periods
- Updating governance and oversight structures
- Reporting on vendor integration progress to leadership
- Case study: Risk exposure discovered during pre-acquisition review
Module 14: Industry-Specific Risk Considerations - Financial services: managing core banking and fintech partners
- Healthcare: ensuring HIPAA compliance with medical device vendors
- Retail: securing point-of-sale and logistics providers
- Technology: assessing software development and SaaS providers
- Energy and utilities: managing critical infrastructure vendors
- Government: handling public procurement and classified data
- Manufacturing: evaluating production and materials suppliers
- Education: managing student data processors and cloud tools
- Nonprofit: overseeing donor data and grant management vendors
- Cross-sector: managing common service providers like cloud and payroll
- Addressing sector-specific regulatory nuances
- Learning from industry-specific breach case studies
- Designing custom risk profiles for verticals
Module 15: Building a Culture of Third Party Risk Awareness - Training procurement and business units on risk responsibilities
- Communicating risk policies across departments
- Establishing risk champions in key business areas
- Creating onboarding materials for new employees
- Hosting risk awareness workshops and tabletop exercises
- Encouraging risk reporting and speaking up about concerns
- Recognising and rewarding proactive risk management
- Integrating risk considerations into performance reviews
- Using internal newsletters and portals for updates
- Measuring cultural change through surveys and feedback
- Aligning training to different audience levels and needs
- Managing resistance to formal risk processes
- Case study: Cultural shift leading to early risk identification
Module 16: Certification, Next Steps, and Career Advancement - Reviewing key concepts and models for mastery
- Completing the final knowledge assessment with confidence
- Submitting your Certificate of Completion application
- Understanding how to showcase your certification professionally
- Adding the credential to your LinkedIn profile and resume
- Using your certification in negotiations for promotions or roles
- Accessing ongoing updates and new materials for lifetime learners
- Joining a community of certified professionals
- Planning next skills: advanced audit, cyber security, or leadership paths
- Building a personal Third Party Risk Management toolkit
- Creating a 90-day action plan for implementation at work
- Scheduling follow-up reviews and refreshers
- Tracking your long-term career ROI from this investment
- Case study: Certification leading to a leadership promotion in risk
- Financial services: managing core banking and fintech partners
- Healthcare: ensuring HIPAA compliance with medical device vendors
- Retail: securing point-of-sale and logistics providers
- Technology: assessing software development and SaaS providers
- Energy and utilities: managing critical infrastructure vendors
- Government: handling public procurement and classified data
- Manufacturing: evaluating production and materials suppliers
- Education: managing student data processors and cloud tools
- Nonprofit: overseeing donor data and grant management vendors
- Cross-sector: managing common service providers like cloud and payroll
- Addressing sector-specific regulatory nuances
- Learning from industry-specific breach case studies
- Designing custom risk profiles for verticals
Module 15: Building a Culture of Third Party Risk Awareness - Training procurement and business units on risk responsibilities
- Communicating risk policies across departments
- Establishing risk champions in key business areas
- Creating onboarding materials for new employees
- Hosting risk awareness workshops and tabletop exercises
- Encouraging risk reporting and speaking up about concerns
- Recognising and rewarding proactive risk management
- Integrating risk considerations into performance reviews
- Using internal newsletters and portals for updates
- Measuring cultural change through surveys and feedback
- Aligning training to different audience levels and needs
- Managing resistance to formal risk processes
- Case study: Cultural shift leading to early risk identification
Module 16: Certification, Next Steps, and Career Advancement - Reviewing key concepts and models for mastery
- Completing the final knowledge assessment with confidence
- Submitting your Certificate of Completion application
- Understanding how to showcase your certification professionally
- Adding the credential to your LinkedIn profile and resume
- Using your certification in negotiations for promotions or roles
- Accessing ongoing updates and new materials for lifetime learners
- Joining a community of certified professionals
- Planning next skills: advanced audit, cyber security, or leadership paths
- Building a personal Third Party Risk Management toolkit
- Creating a 90-day action plan for implementation at work
- Scheduling follow-up reviews and refreshers
- Tracking your long-term career ROI from this investment
- Case study: Certification leading to a leadership promotion in risk
- Reviewing key concepts and models for mastery
- Completing the final knowledge assessment with confidence
- Submitting your Certificate of Completion application
- Understanding how to showcase your certification professionally
- Adding the credential to your LinkedIn profile and resume
- Using your certification in negotiations for promotions or roles
- Accessing ongoing updates and new materials for lifetime learners
- Joining a community of certified professionals
- Planning next skills: advanced audit, cyber security, or leadership paths
- Building a personal Third Party Risk Management toolkit
- Creating a 90-day action plan for implementation at work
- Scheduling follow-up reviews and refreshers
- Tracking your long-term career ROI from this investment
- Case study: Certification leading to a leadership promotion in risk