Course Overview

This comprehensive course is designed to equip participants with the knowledge and skills necessary to effectively manage third-party risks and mitigate business risks. Participants will receive a certificate upon completion, issued by The Art of Service.

Course Features

• Interactive: Engage with expert instructors and peers through interactive discussions and activities.
• Engaging: Enjoy a user-friendly and mobile-accessible learning platform.
• 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 knowledge and skills through hands-on projects and real-world applications.
• 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: Learn at your own pace, anytime, anywhere.
• User-friendly: Navigate the course platform with ease, using any device.
• Mobile-accessible: Access the course on-the-go, using your mobile device.
• Community-driven: Connect with peers and instructors through online discussions and forums.
• Actionable insights: Gain practical insights and knowledge that can be applied immediately.
• Hands-on projects: Apply knowledge and skills through hands-on projects and activities.
• Bite-sized lessons: Learn in bite-sized chunks, with lessons designed to fit your busy schedule.
• Lifetime access: Enjoy lifetime access to the course materials and platform.
• Gamification: Engage with the course through interactive games and challenges.
• Progress tracking: Track your progress and stay motivated with personalized feedback and support.

Course Outline

Module 1: Introduction to Third-Party Risk Management

• Defining third-party risk management: Understanding the concept and importance of third-party risk management.
• Types of third-party risks: Identifying and categorizing different types of third-party risks.
• Regulatory requirements: Overview of regulatory requirements and standards for third-party risk management.

Module 2: Third-Party Risk Assessment and Due Diligence

• Risk assessment methodologies: Understanding different risk assessment methodologies and tools.
• Due diligence best practices: Conducting effective due diligence on third-party vendors and suppliers.
• Risk scoring and prioritization: Prioritizing and scoring third-party risks for effective management.

Module 3: Third-Party Contract Management

• Contract negotiation and management: Best practices for negotiating and managing third-party contracts.
• Contract review and analysis: Reviewing and analyzing third-party contracts for risk management purposes.
• Contract termination and exit strategies: Understanding contract termination and exit strategies.

Module 4: Third-Party Monitoring and Review

• Ongoing monitoring and review: Best practices for ongoing monitoring and review of third-party vendors and suppliers.
• Performance metrics and reporting: Establishing performance metrics and reporting requirements for third-party vendors and suppliers.
• Risk management and mitigation: Identifying and mitigating risks associated with third-party vendors and suppliers.

Module 5: Third-Party Risk Management Frameworks and Standards

• Overview of risk management frameworks: Understanding different risk management frameworks and standards.
• ISO 31000 and COSO ERM: Overview of ISO 31000 and COSO ERM frameworks.
• NIST Cybersecurity Framework: Understanding the NIST Cybersecurity Framework and its application to third-party risk management.

Module 6: Third-Party Risk Management Tools and Technologies

• Risk management software and tools: Overview of risk management software and tools.
• Third-party risk management platforms: Understanding third-party risk management platforms and their capabilities.
• Artificial intelligence and machine learning: Understanding the role of artificial intelligence and machine learning in third-party risk management.

Module 7: Third-Party Risk Management Best Practices

• Establishing a third-party risk management program: Best practices for establishing a third-party risk management program.
• Risk management policies and procedures: Developing risk management policies and procedures.
• Training and awareness: Providing training and awareness programs for employees.

Module 8: Case Studies and Real-World Applications

• Real-world examples of third-party risk management: Examining real-world examples of third-party risk management successes and failures.
• Lessons learned and best practices: Identifying lessons learned and best practices from real-world examples.
• Applying knowledge and skills: Applying knowledge and skills to real-world scenarios and case studies.

Module 9: Third-Party Risk Management Certification and Compliance

• Overview of certification programs: Understanding different certification programs for third-party risk management.
• Compliance requirements: Understanding compliance requirements for third-party risk management.
• Maintaining certification and compliance: Best practices for maintaining certification and compliance.

Module 10: Final Project and Assessment

• Final project requirements: Completing a final project that demonstrates knowledge and skills learned throughout the course.
• Assessment and feedback: Receiving feedback and assessment on the final project.
• Certificate of Completion: Receiving a Certificate of Completion, issued by The Art of Service.