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Mastering Third Party Risk Management; A Comprehensive Framework for Identifying, Assessing, and Mitigating External Threats

Mastering Third Party Risk Management; A Comprehensive Framework for Identifying, Assessing, and Mitigating External Threats

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Mastering Third Party Risk Management: A Comprehensive Framework for Identifying, Assessing, and Mitigating External Threats

Mastering Third Party Risk Management: A Comprehensive Framework for Identifying, Assessing, and Mitigating External Threats

This comprehensive course is designed to provide participants with a thorough understanding of third-party risk management, including the identification, assessment, and mitigation of external threats. Upon completion of this course, participants will receive a certificate issued by The Art of Service.



Course Features

  • Interactive: Engage with expert instructors and peers through interactive discussions and activities.
  • Engaging: Learn through real-world examples, case studies, and hands-on projects.
  • Comprehensive: Cover all aspects of third-party risk management, from fundamentals to advanced topics.
  • Personalized: Receive personalized feedback and support from expert instructors.
  • Up-to-date: Stay current with the latest trends, best practices, and regulatory requirements.
  • Practical: Apply learned concepts to real-world scenarios and projects.
  • Real-world applications: Learn from real-world examples and case studies.
  • High-quality content: Access high-quality course materials, including video lessons, readings, and resources.
  • Expert instructors: Learn from experienced instructors with expertise in third-party risk management.
  • Certification: Receive a certificate upon completion, issued by The Art of Service.
  • Flexible learning: Access course materials at any time, from any location.
  • User-friendly: Navigate the course platform with ease, using any device.
  • Mobile-accessible: Access course materials on-the-go, using any mobile device.
  • Community-driven: Connect with peers and expert instructors through online discussions and forums.
  • Actionable insights: Gain practical insights and knowledge that can be applied immediately.
  • Hands-on projects: Apply learned concepts to real-world projects and scenarios.
  • Bite-sized lessons: Learn in bite-sized chunks, with lessons designed to fit any schedule.
  • Lifetime access: Access course materials for life, with no expiration date.
  • Gamification: Engage with the course through interactive games and challenges.
  • Progress tracking: Track progress and stay motivated with personalized progress reports.


Course Outline

Chapter 1: Introduction to Third-Party Risk Management

Topic 1.1: Defining Third-Party Risk Management

  • Definition and scope of third-party risk management
  • Importance of third-party risk management in today's business environment

Topic 1.2: Benefits of Effective Third-Party Risk Management

  • Reducing risk and improving compliance
  • Improving business resilience and continuity
  • Enhancing reputation and stakeholder trust

Chapter 2: Identifying and Assessing Third-Party Risks

Topic 2.1: Identifying Third-Party Risks

  • Types of third-party risks (e.g. cyber, operational, reputational)
  • Methods for identifying third-party risks (e.g. risk assessments, due diligence)

Topic 2.2: Assessing Third-Party Risks

  • Methods for assessing third-party risks (e.g. risk scoring, heat maps)
  • Criteria for evaluating third-party risk assessments

Chapter 3: Mitigating and Managing Third-Party Risks

Topic 3.1: Mitigating Third-Party Risks

  • Methods for mitigating third-party risks (e.g. contracts, insurance, monitoring)
  • Criteria for evaluating third-party risk mitigation strategies

Topic 3.2: Managing Third-Party Risks

  • Methods for managing third-party risks (e.g. risk monitoring, incident response)
  • Criteria for evaluating third-party risk management strategies

Chapter 4: Implementing a Third-Party Risk Management Program

Topic 4.1: Establishing a Third-Party Risk Management Program

  • Steps for establishing a third-party risk management program
  • Criteria for evaluating third-party risk management programs

Topic 4.2: Maintaining and Improving a Third-Party Risk Management Program

  • Methods for maintaining and improving a third-party risk management program
  • Criteria for evaluating the effectiveness of a third-party risk management program

Chapter 5: Regulatory Requirements and Industry Standards for Third-Party Risk Management

Topic 5.1: Regulatory Requirements for Third-Party Risk Management

  • Overview of regulatory requirements for third-party risk management (e.g. GDPR, HIPAA)
  • Methods for complying with regulatory requirements

Topic 5.2: Industry Standards for Third-Party Risk Management

  • Overview of industry standards for third-party risk management (e.g. ISO 27001, NIST Cybersecurity Framework)
  • Methods for implementing industry standards

Chapter 6: Best Practices for Third-Party Risk Management

Topic 6.1: Best Practices for Identifying and Assessing Third-Party Risks

  • Best practices for identifying and assessing third-party risks
  • Methods for implementing best practices

Topic 6.2: Best Practices for Mitigating and Managing Third-Party Risks

  • Best practices for mitigating and managing third-party risks
  • Methods for implementing best practices

Chapter 7: Case Studies and Real-World Examples of Third-Party Risk Management

Topic 7.1: Case Studies of Successful Third-Party Risk Management

  • Real-world examples of successful third-party risk management
  • Lessons learned from case studies

Topic 7.2: Case Studies of Unsuccessful Third-Party Risk Management

  • Real-world examples of unsuccessful third-party risk management
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