Third–Party Risk Management (TPRM)

What you'll learn
Understand the Fundamentals of Third-Party Risk Management (TPRM)
Identify and Assess Various Types of Third-Party Risks
Navigate the Regulatory Landscape Impacting TPRM
Develop and Implement a Robust TPRM Framework
Conduct Effective Third-Party Risk Assessments and Due Diligence
Manage Third-Party Risks Through Contractual and Cybersecurity Measures
Respond to and Mitigate Third-Party Risk Incidents
Foster a Risk-Aware Culture and Continuous Improvement in TPRM
Requirements
Basic Understanding of Risk Management Concepts
Familiarity with Business Processes
Basic Knowledge of Regulatory Compliance
Description
Course Description-This course provides a comprehensive guide to understanding and managing third-party risks in today's interconnected business environment. It covers the fundamentals of third-party risk management (TPRM), including identifying, assessing, and mitigating risks associated with vendors, suppliers, and other external partners. Learn how to develop a robust TPRM framework, conduct due diligence, and monitor third-party performance to protect your organization from potential threats.Downloadable Templates-Lecture 6 - eBook - Due Diligence QuestionnaireLecture 7 - eBook - Third-Party Risk Assessment ChecklistLecture 12 - eBook - Incident Response Plan TemplateCourse StructureModule 1- IntroductionLecture 1 - IntroductionModule 2 Introduction to Third-Party Risk ManagementLecture 2- Overview of Third-Party Risk ManagementDefinition of third-party risk management (TPRM)Importance of TPRM in the modern business landscapeKey components of an effective TPRM programLecture 3- Types of Third-Party RisksOperational risksFinancial risksCompliance and legal risksCybersecurity and data privacy risksReputational risksLecture 4- The Regulatory LandscapeOverview of global regulations impacting TPRM (GDPR, CCPA, SOX, etc.)The role of regulatory bodies in third-party oversightConsequences of non-complianceModule 3- Building a Third-Party Risk Management FrameworkLecture 5- Developing a TPRM FrameworkKey elements of a TPRM frameworkAligning TPRM with organizational objectives and risk appetiteRoles and responsibilities in TPRMLecture 6- Third-Party Risk Assessment and Due DiligenceIdentifying and categorizing third-party risksConducting initial due diligence and background checksTools and techniques for risk assessmentLecture 7- Risk Scoring and SegmentationCreating a risk scoring modelSegmentation of third parties based on risk profilesPrioritizing third-party risk management effortsModule 4- Implementing Third-Party Risk Management PracticesLecture 8- Contractual Risk ManagementKey contractual clauses for managing third-party risksService Level Agreements (SLAs) and performance metricsNegotiating risk-sharing and liability provisionsLecture 9- Monitoring and Auditing Third PartiesContinuous monitoring of third-party performanceConducting third-party audits and assessmentsUsing technology and tools for third-party monitoringLecture 10- Managing Cybersecurity and Data Privacy RisksUnderstanding cybersecurity threats from third partiesData privacy considerations and complianceBest practices for securing third-party dataModule 5- Mitigating and Responding to Third-Party RisksLecture 11- Risk Mitigation StrategiesDeveloping risk mitigation plansImplementing controls and safeguardsCase studies of successful risk mitigationLecture 12- Incident Response and Crisis ManagementPreparing for third-party risk incidentsBuilding an incident response planManaging communication and damage controlLecture 13- Terminating Third-Party RelationshipsIdentifying when to terminate a third-party relationshipLegal and contractual considerationsSteps for a smooth transition and offboardingModule 6- Enhancing Third-Party Risk Management PracticesLecture 14- Continuous Improvement in TPRMEvaluating the effectiveness of your TPRM programLeveraging feedback for continuous improvementStaying updated with evolving risks and regulationsLecture 15- The Role of Technology in TPRMOverview of TPRM software and toolsUsing data analytics to enhance TPRMFuture trends in TPRM technologyLecture 16- Building a Risk-Aware CulturePromoting risk awareness across the organizationTraining and educating employees on TPRMEngaging stakeholders in risk management
Who this course is for
Risk Management Professionals
Compliance Officers and Auditors
Procurement and Vendor Management Professionals
Business Leaders and Managers
Legal and Contract Management Professionals
Anyone Interested in Risk Management
Homepage

https://www.udemy.com/course/third-party-risk-management/

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