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Third Party Risk Management Essentials

Third Party Risk Management Essentials

$199.00
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Course access is prepared after purchase and delivered via email
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Self-paced • Lifetime updates
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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.
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Third Party Risk Management Essentials



Course Format & Delivery Details

Course Overview

The Third Party Risk Management Essentials course is designed to equip professionals with the knowledge and skills necessary to effectively manage third-party risks. This comprehensive course is delivered online, allowing participants to learn at their own pace.

Course Format

  • Self-Paced: Yes, this course is self-paced, allowing you to complete it according to your schedule.
  • Online: The course is entirely online, providing flexibility and convenience.
  • On-Demand: Access the course materials at any time, 24/7.
  • Fixed Dates or Times: No fixed dates or times; you can start and complete the course at your convenience.

Course Details

  • Typical Completion Time: Approximately 12 hours to complete, depending on your pace.
  • Lifetime Access: Enjoy lifetime access to the course materials, allowing you to revisit and refresh your knowledge as needed.
  • Mobile-Friendly: The course is optimized for mobile devices, ensuring a seamless learning experience on-the-go.
  • Instructor Support: Receive support from experienced instructors through email and discussion forums.
  • Downloadable Resources: Access a range of downloadable resources, including templates, toolkits, and worksheets, to support your learning and practical application.
  • Certificate of Completion: Upon completing the course, receive a Certificate of Completion issued by The Art of Service, demonstrating your expertise in Third Party Risk Management Essentials.


Extensive & Detailed Course Curriculum

Module 1: Introduction to Third Party Risk Management

  • Defining Third Party Risk Management
  • Understanding the Importance of Third Party Risk Management
  • Identifying Third Party Risks
  • Assessing the Impact of Third Party Risks
  • Overview of the Third Party Risk Management Process

Module 2: Third Party Risk Assessment

  • Risk Assessment Methodologies
  • Identifying and Assessing Third Party Risks
  • Evaluating Third Party Risk Assessment Tools
  • Conducting a Third Party Risk Assessment
  • Analyzing and Interpreting Risk Assessment Results

Module 3: Due Diligence and Vendor Selection

  • The Importance of Due Diligence in Third Party Risk Management
  • Conducting Due Diligence on Potential Vendors
  • Evaluating Vendor Risk Assessment Questionnaires
  • Assessing Vendor Risk Management Practices
  • Selecting and Onboarding Vendors

Module 4: Contract Management and Negotiation

  • The Role of Contracts in Third Party Risk Management
  • Key Contract Clauses for Third Party Risk Management
  • Negotiating Contracts with Vendors
  • Contract Management Best Practices
  • Monitoring and Enforcing Contract Compliance

Module 5: Ongoing Monitoring and Review

  • The Importance of Ongoing Monitoring in Third Party Risk Management
  • Monitoring Third Party Performance and Risk
  • Conducting Regular Risk Reviews and Assessments
  • Identifying and Addressing Emerging Risks
  • Maintaining Accurate Records and Documentation

Module 6: Risk Mitigation and Remediation

  • Developing Risk Mitigation Strategies
  • Implementing Risk Mitigation Controls
  • Remediating Third Party Risk Incidents
  • Developing Incident Response Plans
  • Conducting Post-Incident Reviews and Analysis

Module 7: Third Party Risk Management Best Practices

  • Industry Best Practices for Third Party Risk Management
  • Implementing a Third Party Risk Management Framework
  • Establishing a Third Party Risk Management Program
  • Continuously Improving Third Party Risk Management Processes
  • Staying Up-to-Date with Regulatory Requirements and Industry Developments

Module 8: Case Studies and Practical Applications

  • Real-World Examples of Third Party Risk Management
  • Analyzing Case Studies and Identifying Lessons Learned
  • Applying Third Party Risk Management Concepts to Real-World Scenarios
  • Developing Practical Skills through Interactive Exercises
  • Sharing Experiences and Best Practices with Peers
Upon completing this comprehensive course, you will receive a Certificate of Completion issued by The Art of Service, demonstrating your expertise in Third Party Risk Management Essentials.

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