Third Party Risk Management Certification Training
Gain expertise in managing third-party risks with our comprehensive certification training program. Upon completion, participants will receive a certificate issued by The Art of Service.Course Overview This interactive and engaging course is designed to equip professionals with the knowledge and skills necessary to effectively manage third-party risks. The curriculum is comprehensive, up-to-date, and practical, with a focus on real-world applications.
Course Outline Module 1: Introduction to Third Party Risk Management
- Definition and importance of third-party risk management
- Types of third-party risks (e.g., vendor, supplier, partner)
- Regulatory requirements and industry standards
- Best practices in third-party risk management
Module 2: Identifying and Assessing Third-Party Risks
- Risk assessment methodologies (e.g., qualitative, quantitative)
- Identifying potential risks (e.g., financial, operational, reputational)
- Assessing risk likelihood and impact
- Prioritizing risks for mitigation
Module 3: Due Diligence and Vendor Selection
- Due diligence process and best practices
- Evaluating vendor risk management practices
- Assessing vendor financial stability and security controls
- Contract negotiation and vendor selection
Module 4: Contract Management and Negotiation
- Contract types and structures (e.g., service level agreements, master services agreements)
- Key contract clauses and terms (e.g., liability, indemnification, termination)
- Negotiation strategies and tactics
- Contract management best practices
Module 5: Ongoing Monitoring and Review
- Ongoing monitoring and review processes
- Key performance indicators (KPIs) and metrics
- Risk-based monitoring and review
- Continuous improvement and vendor management
Module 6: Incident Management and Response
- Incident management and response processes
- Identifying and responding to third-party incidents
- Incident containment and mitigation
- Post-incident review and lessons learned
Module 7: Third-Party Risk Management Frameworks and Standards
- Overview of third-party risk management frameworks (e.g., NIST, ISO 27001)
- Industry standards and best practices (e.g., SOC 2, SSAE 16)
- Regulatory requirements and compliance
- Aligning third-party risk management with organizational frameworks
Module 8: Advanced Topics in Third-Party Risk Management
- Emerging risks and trends (e.g., cloud, cybersecurity)
- Third-party risk management in complex supply chains
- Using technology to enhance third-party risk management (e.g., automation, AI)
- Integrating third-party risk management with other risk management disciplines
Course Features - Interactive and engaging: Learn through a combination of lectures, discussions, and hands-on activities
- Comprehensive and up-to-date: Stay current with the latest best practices and industry developments
- Practical and applicable: Apply knowledge and skills to real-world scenarios and case studies
- Expert instructors: Learn from experienced professionals with expertise in third-party risk management
- Certification: Receive a certificate upon completion, issued by The Art of Service
- Flexible learning: Access course materials online, at your own pace
- User-friendly and mobile-accessible: Learn on-the-go, with a course platform optimized for mobile devices
- Community-driven: Connect with peers and instructors through discussion forums and live sessions
- Actionable insights: Gain practical knowledge and skills to apply to your organization
- Hands-on projects: Apply learning to real-world scenarios and case studies
- Bite-sized lessons: Learn in manageable chunks, with lessons designed to fit your busy schedule
- Lifetime access: Access course materials for a lifetime, with ongoing updates and support
- Gamification and progress tracking: Stay motivated with gamification elements and track your progress
What to Expect Upon completing this course, you will be able to: - Understand the principles and best practices of third-party risk management
- Identify and assess third-party risks
- Develop and implement effective third-party risk management strategies
- Manage vendor relationships and contracts
- Monitor and review third-party performance
- Respond to third-party incidents and breaches
Join our Third Party Risk Management Certification Training program and take the first step towards becoming a certified expert in this critical field.,
Module 1: Introduction to Third Party Risk Management
- Definition and importance of third-party risk management
- Types of third-party risks (e.g., vendor, supplier, partner)
- Regulatory requirements and industry standards
- Best practices in third-party risk management
Module 2: Identifying and Assessing Third-Party Risks
- Risk assessment methodologies (e.g., qualitative, quantitative)
- Identifying potential risks (e.g., financial, operational, reputational)
- Assessing risk likelihood and impact
- Prioritizing risks for mitigation
Module 3: Due Diligence and Vendor Selection
- Due diligence process and best practices
- Evaluating vendor risk management practices
- Assessing vendor financial stability and security controls
- Contract negotiation and vendor selection
Module 4: Contract Management and Negotiation
- Contract types and structures (e.g., service level agreements, master services agreements)
- Key contract clauses and terms (e.g., liability, indemnification, termination)
- Negotiation strategies and tactics
- Contract management best practices
Module 5: Ongoing Monitoring and Review
- Ongoing monitoring and review processes
- Key performance indicators (KPIs) and metrics
- Risk-based monitoring and review
- Continuous improvement and vendor management
Module 6: Incident Management and Response
- Incident management and response processes
- Identifying and responding to third-party incidents
- Incident containment and mitigation
- Post-incident review and lessons learned
Module 7: Third-Party Risk Management Frameworks and Standards
- Overview of third-party risk management frameworks (e.g., NIST, ISO 27001)
- Industry standards and best practices (e.g., SOC 2, SSAE 16)
- Regulatory requirements and compliance
- Aligning third-party risk management with organizational frameworks
Module 8: Advanced Topics in Third-Party Risk Management
- Emerging risks and trends (e.g., cloud, cybersecurity)
- Third-party risk management in complex supply chains
- Using technology to enhance third-party risk management (e.g., automation, AI)
- Integrating third-party risk management with other risk management disciplines
Course Features - Interactive and engaging: Learn through a combination of lectures, discussions, and hands-on activities
- Comprehensive and up-to-date: Stay current with the latest best practices and industry developments
- Practical and applicable: Apply knowledge and skills to real-world scenarios and case studies
- Expert instructors: Learn from experienced professionals with expertise in third-party risk management
- Certification: Receive a certificate upon completion, issued by The Art of Service
- Flexible learning: Access course materials online, at your own pace
- User-friendly and mobile-accessible: Learn on-the-go, with a course platform optimized for mobile devices
- Community-driven: Connect with peers and instructors through discussion forums and live sessions
- Actionable insights: Gain practical knowledge and skills to apply to your organization
- Hands-on projects: Apply learning to real-world scenarios and case studies
- Bite-sized lessons: Learn in manageable chunks, with lessons designed to fit your busy schedule
- Lifetime access: Access course materials for a lifetime, with ongoing updates and support
- Gamification and progress tracking: Stay motivated with gamification elements and track your progress
What to Expect Upon completing this course, you will be able to: - Understand the principles and best practices of third-party risk management
- Identify and assess third-party risks
- Develop and implement effective third-party risk management strategies
- Manage vendor relationships and contracts
- Monitor and review third-party performance
- Respond to third-party incidents and breaches
Join our Third Party Risk Management Certification Training program and take the first step towards becoming a certified expert in this critical field.,
- Understand the principles and best practices of third-party risk management
- Identify and assess third-party risks
- Develop and implement effective third-party risk management strategies
- Manage vendor relationships and contracts
- Monitor and review third-party performance
- Respond to third-party incidents and breaches