Designing Third Party Risk Management Programme
About the Course
Join this course to learn the ins and outs of an effective third-party management program – examining all facets of risk any organization may encounter. Third-party risk management (TPRM) is a form of risk management that focuses on identifying and reducing risks relating to the use of third parties (vendors, suppliers, partners, contractors, or service providers). The discipline is designed to give organizations an understanding of the risk exposure related to third parties they cooperate with, and what safeguards their third parties have in place. The scope and requirements of a third-party risk management program are dependent on the organization and can vary widely depending on the industry, regulatory guidance, and other factors. Although each organization has unique risk exposure, many TPRM best practices are universal and applicable to every business regardless of its specifics.
Training pillars
Key points on course agenda:
Facing operational risk within TPRM: best practices for building a resilient third-party ecosystem and maintaining operational continuity in the face of unforeseen challenges
Mastering operational risk within TPRM: shifting from reliance to resilience
Protecting reputation: developing strategies for assessing reputational risks
Monitoring reputational risk: building up factors which relate to third parties and assessing the impact of third-party relationships
Implementing privacy compliance in TPRM process: best practices for privacy compliance when working with third parties, during entire lifecycle - from on-boarding to off-boarding
Reacting on challenges with privacy compliance in TPRM process: possibility or utopia, is building a privacy-focused TPRM program feasible
Embracing security risk factors within TPRM
Understanding the deference between Third-Party risk management and Due Diligence: unique competencies of each program
Analyzing benefits of Third-Party risk management and Due Diligence processes alignment
Addressing process efficiency with available solutions and technology: save time and streamline third-party risk assessment throughout the TPRM lifecycle
Goals
Learn how to leverage financial, operations, compliance, ESG, and cyber scores to drive resilience insights and detect possible supply chain disruptions, repetitional, sanctions and other risk organizations are exposed to. The course offers both, a look back at third-party management best practice and brainstorming on key current trends for third-party risk management. It is designed to help third-party management practitioners and beginners, tackle practical challenges and implement real-world tactics to save time, simplify compliance, improve risk visibility, and enhance collaboration.
Benefits
Build up your expert profile, as the risk landscape rapidly evolves, it’s important to have a holistic understanding of the discipline to build a successful TPRM program. The applied knowledge shared during this course allows narrow and deep focus on a targeted subject area, with particular attention to specific analysis techniques and actionable skills.
Real life cases
The course offers an opportunity of understanding how utilising inherent risk results, brings more efficiency to third-party management process. Insight into third parties’ inherent risks can change the way an organisation run TPRM program. It is a unique chance for a deep dive on multiple ways, how a unified third-party management program can help in increasing company resilience. This course provides an outlook of best practices when working with third parties and some good advice on how to safeguard business from unexpected circumstances.
Training recipients
Compliance Officers
In house Lawyers
Procurement Experts
Internal Finance Professionals
Board Members
Internal Auditors
Schedule
05.06.2025
25.09.2025