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Mastering Third Party Risk Management; Strategies for Mitigating Vendor and Supplier Risks

Mastering Third Party Risk Management; Strategies for Mitigating Vendor and Supplier Risks

$199.00
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Mastering Third Party Risk Management: Strategies for Mitigating Vendor and Supplier Risks



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 interactive and engaging content, participants will learn how to identify, assess, and mitigate risks associated with vendors and suppliers.



Course Objectives

  • Understand the importance of third-party risk management in today's business environment
  • Identify and assess potential risks associated with vendors and suppliers
  • Develop effective strategies for mitigating third-party risks
  • Implement a comprehensive third-party risk management program in their organization
  • Monitor and review third-party risks on an ongoing basis


Course Outline

Module 1: Introduction to Third Party Risk Management

  • Definition and importance of third-party risk management
  • Types of third-party risks (vendor, supplier, contractor, etc.)
  • Benefits of effective third-party risk management
  • Challenges and obstacles in implementing third-party risk management

Module 2: Risk Identification and Assessment

  • Methods for identifying potential third-party risks
  • Risk assessment techniques (qualitative, quantitative, etc.)
  • Categorizing and prioritizing third-party risks
  • Creating a risk register for third-party risks

Module 3: Risk Mitigation Strategies

  • Contractual risk mitigation techniques
  • Due diligence and vendor selection
  • Ongoing monitoring and review of third-party risks
  • Contingency planning and incident response

Module 4: Third Party Risk Management Frameworks and Standards

  • Overview of industry frameworks and standards (e.g. ISO 31000, COBIT, etc.)
  • Implementing a third-party risk management framework in your organization
  • Best practices for third-party risk management

Module 5: Vendor and Supplier Management

  • Best practices for vendor and supplier selection
  • Contract management and negotiation techniques
  • Ongoing vendor and supplier management and monitoring

Module 6: IT and Data Security Risks

  • IT and data security risks associated with third-parties
  • Best practices for mitigating IT and data security risks
  • Implementing data security controls and measures

Module 7: Compliance and Regulatory Risks

  • Compliance and regulatory risks associated with third-parties
  • Best practices for mitigating compliance and regulatory risks
  • Implementing compliance and regulatory controls and measures

Module 8: Business Continuity and Disaster Recovery

  • Business continuity and disaster recovery planning for third-party risks
  • Implementing business continuity and disaster recovery plans
  • Best practices for business continuity and disaster recovery

Module 9: Continuous Monitoring and Review

  • Ongoing monitoring and review of third-party risks
  • Conducting regular risk assessments and reviews
  • Updating and refining third-party risk management strategies

Module 10: Certification and Implementation

  • Implementing a comprehensive third-party risk management program in your organization
  • Obtaining certification in third-party risk management
  • Maintaining and updating certification


Certificate of Completion

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



Course Features

  • Interactive and engaging content
  • Comprehensive and up-to-date course materials
  • Expert instructors with real-world experience
  • Personalized learning experience
  • Flexible learning options (self-paced, instructor-led, etc.)
  • User-friendly and mobile-accessible platform
  • Community-driven discussion forums
  • Actionable insights and hands-on projects
  • Bite-sized lessons and lifetime access
  • Gamification and progress tracking
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