Skip to main content
Mastering Third Party Risk Management; A Step-by-Step Guide to Effective Risk Assessment and Mitigation

Mastering Third Party Risk Management; A Step-by-Step Guide to Effective Risk Assessment and Mitigation

$199.00
When you get access:
Course access is prepared after purchase and delivered via email
How you learn:
Self-paced • Lifetime updates
Your guarantee:
30-day money-back guarantee — no questions asked
Who trusts this:
Trusted by professionals in 160+ countries
Toolkit Included:
Includes a practical, ready-to-use toolkit with implementation templates, worksheets, checklists, and decision-support materials so you can apply what you learn immediately - no additional setup required.
Adding to cart… The item has been added

Mastering Third Party Risk Management: A Step-by-Step Guide to Effective Risk Assessment and Mitigation



Course Overview

This comprehensive course is designed to equip participants with the knowledge and skills necessary to effectively manage third-party risks in their organizations. Through a combination of interactive lessons, real-world examples, and hands-on projects, participants will learn how to identify, assess, and mitigate risks associated with third-party relationships.



Course Objectives

  • Understand the importance of third-party risk management in today's business environment
  • Identify and assess potential risks associated with third-party relationships
  • Develop effective risk mitigation strategies and plans
  • Implement and maintain a robust third-party risk management program
  • Ensure compliance with regulatory requirements and industry standards


Course Outline

Module 1: Introduction to Third Party Risk Management

  • Defining third-party risk management
  • Understanding the importance of third-party risk management
  • Overview of the third-party risk management process
  • Benefits of effective third-party risk management

Module 2: Identifying and Assessing Third Party Risks

  • Types of third-party risks (e.g. financial, operational, reputational)
  • Risk assessment methodologies (e.g. qualitative, quantitative)
  • Conducting third-party risk assessments
  • Identifying and prioritizing high-risk third-party relationships

Module 3: Risk Mitigation Strategies and Plans

  • Developing risk mitigation strategies and plans
  • Implementing risk mitigation measures (e.g. contract clauses, monitoring)
  • Ensuring compliance with regulatory requirements and industry standards
  • Maintaining and updating risk mitigation plans

Module 4: Third Party Risk Management Programs

  • Establishing a third-party risk management program
  • Defining program scope, goals, and objectives
  • Developing policies and procedures
  • Assigning roles and responsibilities

Module 5: Third Party Due Diligence and Onboarding

  • Conducting third-party due diligence
  • Onboarding new third-party relationships
  • Ensuring compliance with regulatory requirements and industry standards
  • Maintaining accurate and up-to-date third-party information

Module 6: Ongoing Monitoring and Review

  • Ongoing monitoring of third-party relationships
  • Conducting regular reviews and assessments
  • Identifying and addressing potential issues and concerns
  • Maintaining accurate and up-to-date third-party information

Module 7: Third Party Risk Management Tools and Technologies

  • Overview of third-party risk management tools and technologies
  • Utilizing software solutions for third-party risk management
  • Implementing data analytics and reporting tools
  • Ensuring data security and integrity

Module 8: Compliance and Regulatory Requirements

  • Overview of regulatory requirements and industry standards
  • Ensuring compliance with anti-money laundering (AML) and anti-bribery regulations
  • Complying with data protection and privacy regulations
  • Maintaining accurate and up-to-date compliance documentation

Module 9: Best Practices for Third Party Risk Management

  • Implementing best practices for third-party risk management
  • Establishing a culture of compliance and risk awareness
  • Ensuring effective communication and collaboration
  • Maintaining a robust and effective third-party risk management program

Module 10: Case Studies and Group Discussions

  • Real-world case studies of third-party risk management successes and failures
  • Group discussions and debates on third-party risk management topics
  • Sharing experiences and best practices
  • Applying knowledge and skills to real-world scenarios


Certificate of Completion

Upon completing this course, participants will receive a Certificate of Completion issued by The Art of Service.



Course Features

  • Interactive and engaging lessons
  • Comprehensive and up-to-date content
  • Personalized learning experience
  • Expert instructors with real-world experience
  • Hands-on projects and case studies
  • Bite-sized lessons and flexible learning
  • Lifetime access to course materials
  • Gamification and progress tracking
  • Community-driven discussion forums
  • Actionable insights and takeaways
  • Mobile-accessible and user-friendly platform


Course Format

This course is delivered online and consists of 10 modules, each with multiple lessons and activities. The course is self-paced, allowing participants to complete the modules at their own convenience.

,
!