Third Party Risk Management Course
Third Party Risk Management Course focuses on identifying, assessing, and mitigating risks that arise from third-party engagements, including technology-related risks and vendor management practices. Participants will learn how to conduct effective due diligence, manage vendor relationships, and ensure compliance with risk management standards. The Third Party Risk Management Course is ideal for IT teams, middle management, and vendor management or purchase teams, who are responsible for overseeing third-party interactions.
ON-DEMAND COURSE
6 Modules
Certificate
Flexible Schedule
Learning Format
Third Party Risk Management Course Highlights
Types of Risks in Third-Party Involvement
- Understanding the different categories of risks associated with third parties, including operational, legal, and reputational risks.
- Best practices for identifying and categorizing risks.
Third-Party Technology Risk Management
- Assessing technology-related risks such as data breaches, cyber threats, and system failures that could arise from third-party services.
- Implementing strategies to manage these risks effectively.
Vendor Onboarding Due Diligence and Vendor Audit Practices
- Conducting thorough due diligence during vendor onboarding to ensure they meet security and compliance standards.
- Regular vendor audits and assessments to monitor ongoing risks and performance.
How This Course Will Benefit You
Practical Application at Work
Third Party Risk Management Course equips you with practical strategies to manage the complex risks associated with third-party relationships. You’ll be able to implement robust vendor management practices that ensure your organization’s engagements with third parties are secure, compliant, and aligned with business objectives.
Professional Excellence
By mastering third-party risk management, you’ll position yourself as a key player in your organization’s overall risk strategy. Your ability to manage vendor risks effectively will bolster your reputation as a skilled and reliable professional.
Career Advancement
Earning a GCA certification in Third Party Risk Management demonstrates your expertise in this crucial area. This certification will enhance your professional credentials and make you a prime candidate for roles that demand specialized risk management knowledge.
Flexible Schedule
Batch Size: 5 participants
Why Choose This Course?
Course Curriculum
Course Modules
- Overview of third-party risk management concepts
- Importance of managing risks associated with third-party vendors
- How third-party relationships can impact overall organizational risk
- The role of vendor risk management in business continuity and compliance
- Operational, financial, reputational, and compliance risks
- Impact of third-party risks on the organization
- Best practices for risk mitigation
- Real-world examples of third-party risk scenarios
- Identifying technology risks in third-party engagements
- Data security risks, system integrity, and business continuity risks
- Evaluating the risk associated with external technology providers
- Mitigating technology risks through vendor agreements and security controls
- Best practices for onboarding third-party vendors
- Conducting thorough due diligence to assess vendor capabilities and risks
- Ensuring vendors comply with internal and external regulations
- Setting expectations and standards during the onboarding process
- Importance of regular audits to ensure vendor compliance
- Developing a vendor audit framework to monitor ongoing risks
- Tools and techniques for auditing vendor performance
- Ensuring third-party vendors adhere to security and compliance standards
- Importance of continuous monitoring of third-party risks
- Establishing processes for ongoing vendor risk assessment
- Monitoring changes in vendor operations that could impact risk levels
- Managing long-term vendor relationships and addressing emerging risks
Course Instructor
Jyothi Ramaswamy
Explore around 3.5 million opportunity in cybersecurity projected for 2025. Join us to prepare for your future.
Who Should Enroll
IT Team / Middle Management Team
If you’re involved in managing IT systems or overseeing technology-related decisions, Third Party Risk Management Course equips you with the knowledge to assess, mitigate, and manage risks associated with third-party vendors, ensuring secure and reliable operations.
Vendor Management Team / Purchase Team
Assessment & Certificate
Industry legends say words about GCA
Frequently Asked Questions
We have answered all common questions below that you might have about the Third Party Risk Management Course. For any further queries, Kindly contact at team@gcalearning.com
You’ll learn about the different types of risks associated with third-party vendors, including operational, financial, reputational, and compliance risks, along with best practices for vendor onboarding and auditing.
This course is ideal for IT team members, middle management, vendor management teams, and purchasing teams involved in managing third-party relationships.
No prior knowledge is necessary; the course covers all essential concepts in third-party risk management.
Yes, upon completing the program and passing the assessment, you will receive a GCA certificate, indicating the course hours for Continuing Professional Education (CPE) requirements.
You can register by visiting our course page and following the enrollment instructions to secure your spot.