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Mastering Third-Party Risk Management; A Step-by-Step Guide to Identifying, Assessing, and Mitigating External Risks

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Mastering Third-Party Risk Management: A Step-by-Step Guide to Identifying, Assessing, and Mitigating External Risks



Certificate Upon Completion

Participants receive a certificate upon completion issued by The Art of Service.



Course Overview

This comprehensive course is designed to equip you with the knowledge and skills necessary to master third-party risk management. With a focus on interactive and engaging learning, you'll gain a deep understanding of how to identify, assess, and mitigate external risks.



Course Features

  • Interactive and engaging content
  • Comprehensive and up-to-date curriculum
  • Personalized learning experience
  • Practical and real-world applications
  • High-quality content and expert instructors
  • Certification upon completion
  • Flexible learning options
  • User-friendly and mobile-accessible platform
  • Community-driven and supportive environment
  • Actionable insights and hands-on projects
  • Bite-sized lessons and lifetime access
  • Gamification and progress tracking


Course Outline

Module 1: Introduction to Third-Party Risk Management

  • Defining third-party risk management
  • Understanding the importance of third-party risk management
  • Identifying the key components of third-party risk management
  • Establishing a third-party risk management framework

Module 2: Identifying and Assessing Third-Party Risks

  • Conducting a third-party risk assessment
  • Identifying potential third-party risks
  • Assessing the likelihood and impact of third-party risks
  • Prioritizing third-party risks

Module 3: Mitigating and Managing Third-Party Risks

  • Developing a third-party risk mitigation plan
  • Implementing controls and countermeasures
  • Monitoring and reviewing third-party risks
  • Continuously improving third-party risk management

Module 4: Third-Party Risk Management Frameworks and Standards

  • Overview of third-party risk management frameworks and standards
  • Understanding the NIST Cybersecurity Framework
  • Understanding the ISO 27001 standard
  • Understanding the COBIT framework

Module 5: Third-Party Risk Management Tools and Techniques

  • Overview of third-party risk management tools and techniques
  • Using risk assessment tools and templates
  • Conducting audits and reviews
  • Implementing continuous monitoring

Module 6: Third-Party Risk Management Best Practices

  • Establishing a third-party risk management program
  • Defining third-party risk management roles and responsibilities
  • Developing a third-party risk management policy
  • Communicating third-party risk management to stakeholders

Module 7: Case Studies and Real-World Examples

  • Real-world examples of third-party risk management
  • Case studies of successful third-party risk management
  • Lessons learned from third-party risk management failures
  • Best practices for implementing third-party risk management

Module 8: Advanced Third-Party Risk Management Topics

  • Advanced third-party risk management concepts
  • Using artificial intelligence and machine learning in third-party risk management
  • Implementing a third-party risk management maturity model
  • Developing a third-party risk management roadmap

Module 9: Third-Party Risk Management Certification and Compliance

  • Overview of third-party risk management certifications and compliance
  • Understanding the SOC 2 certification
  • Understanding the ISO 27001 certification
  • Understanding the HIPAA compliance requirements

Module 10: Final Project and Assessment

  • Final project: Developing a comprehensive third-party risk management plan
  • Assessment and feedback
  • Certificate of Completion


Additional Course Features

  • Downloadable resources and templates
  • Access to a community of professionals
  • Ongoing support and feedback
  • Flexible learning options, including self-paced and instructor-led


Course Format

This course is delivered online, with a combination of video lessons, interactive activities, and downloadable resources. The course is self-paced, allowing you to complete it on your own schedule.



Course Duration

The course is designed to be completed in 12 weeks, with approximately 2-3 hours of study per week.



Prerequisites

There are no prerequisites for this course, although a basic understanding of risk management concepts is recommended.



Target Audience

This course is designed for professionals who want to gain a comprehensive understanding of third-party risk management, including:

  • Risk management professionals
  • Compliance officers
  • Information security professionals
  • Procurement and supply chain professionals
  • Business owners and executives
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