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Mastering Third Party Risk Management; Strategies for Effective Oversight and Compliance

Mastering Third Party Risk Management; Strategies for Effective Oversight and Compliance

$199.00
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Mastering Third Party Risk Management: Strategies for Effective Oversight and Compliance



Course Overview

This comprehensive course is designed to equip participants with the knowledge and skills necessary to effectively manage third-party risks and ensure compliance with regulatory requirements. Through interactive and engaging content, 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 risks associated with third-party relationships
  • Develop effective strategies for mitigating third-party risks
  • Ensure compliance with regulatory requirements and industry standards
  • Implement a robust third-party risk management program


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 regulatory requirements and industry standards
  • 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 and tools
  • Conducting due diligence on third-party vendors
  • Assessing third-party vendor performance and risk

Module 3: Mitigating Third-Party Risks

  • Developing effective risk mitigation strategies
  • Implementing controls and monitoring
  • Ensuring compliance with regulatory requirements and industry standards
  • Managing third-party vendor relationships

Module 4: Third-Party Risk Management Programs

  • Designing and implementing a robust third-party risk management program
  • Establishing policies and procedures
  • Defining roles and responsibilities
  • Ensuring ongoing monitoring and review

Module 5: Regulatory Requirements and Industry Standards

  • Overview of regulatory requirements (e.g. OCC, FRB, FDIC)
  • Industry standards (e.g. ISO 31000, COSO)
  • Ensuring compliance with regulatory requirements and industry standards
  • Best practices for third-party risk management

Module 6: Case Studies and Group Discussions

  • Real-world examples of third-party risk management successes and failures
  • Group discussions and analysis of case studies
  • Applying lessons learned to own organization

Module 7: Implementing a Third-Party Risk Management Program

  • Developing a business case for a third-party risk management program
  • Obtaining buy-in from stakeholders
  • Implementing a third-party risk management program
  • Ensuring ongoing support and resources

Module 8: Ongoing Monitoring and Review

  • Importance of ongoing monitoring and review
  • Methods for ongoing monitoring and review
  • Identifying and addressing emerging risks
  • Ensuring continuous improvement

Module 9: Third-Party Risk Management Tools and Technologies

  • Overview of third-party risk management tools and technologies
  • Features and benefits of different tools and technologies
  • Selecting the right tools and technologies for own organization
  • Implementing and integrating tools and technologies

Module 10: Best Practices for Third-Party Risk Management

  • Best practices for third-party risk management
  • Lessons learned from industry experts
  • Applying best practices to own organization
  • Ensuring continuous improvement


Certificate of Completion

Upon completion of this course, participants will receive a certificate issued by The Art of Service.



Course Features

  • Interactive and engaging content
  • Comprehensive and up-to-date materials
  • Personalized learning experience
  • Expert instructors with industry experience
  • Flexible learning format (online, self-paced)
  • User-friendly and mobile-accessible platform
  • Community-driven discussion forum
  • Actionable insights and hands-on projects
  • Bite-sized lessons and lifetime access
  • Gamification and progress tracking


Target Audience

  • Risk management professionals
  • Compliance officers
  • Audit professionals
  • Procurement and purchasing professionals
  • Business owners and executives
  • Anyone responsible for managing third-party risks
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