Course Description:
Upon completing this course, participants should be proficient in designing, implementing, and managing a TPRM program that aligns with business objectives and adheres to regulatory requirements. They will have the skills to assess risks, perform due diligence, manage incidents, and continuously improve upon their TPRM practices.
Who is this course for?
- Anyone responsible for managing Third Party relationships (or looking to manage) in their organization
- Risk Management Professionals
- Compliance Officers
Why choose this course?
- Course Benefit: Ability to design, implement, and manage a TPRM program that aligns with business objectives and adheres to regulatory requirements
- Course Benefit: Ability to assess risks, perform due diligence, and manage incidents
- Course Benefit: Ability to continuously improve upon TPRM Practices
Introduction to Third Party Risk Management
Overview of TPRM
Regulatory Environment and Compliance Requirements
Business Strategies and Third Party Relationships
Workshop
Planning a TPRM Program
Scopes and Objectives of a TPRM Program
TPRM Methodology
Creating a TPRM Roadmap
Workshop
Team Project
Aligning TPRM Objectives with Business Strategies
Establishing Risk Tolerance Levels
Setting Your TPRM Program in line with Organizational Objectives
Workshop
Risk Assessment and Analysis
Identifying and Categorizing Third Parties
Conducting Risk Assessments
Qualitative and Quantitative Risk Assessment Methods
Risk Assessment Tools
Team Project
Due Diligence and Monitoring
Due Diligence Fundamentals and Standards
Due Diligence Processes and Best Practices
Information Gathering and Verification Techniques
Ongoing Monitoring, Review and Red Flags
Workshop
Contracting
Types of Contracts in Third Party Relationships
Key Contractual Clauses in Risk Management
Negotiation Strategies for Risk Management
Performance Metrics and SLAs
Contract Lifestyle Management
Workshop
Team Project
Managing Third Party Relationships
Relationship Management Strategies
Communication and Performance Management
Escalation Procedures
Workshops
Continuous Improvement and TPRM Maturity
Metrics and KPIs for TPRM Effectiveness
TPRM Program Review and Audit Techniques
Evolving the TPRM Program with Business Changes
Emerging Trends and Future Directions in TPRM
Workshop
Team Project
Capstone Project
Report
Presentation
Hands On Application
New Section
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