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What is Third Party Risk Management?
Third-Party Risk Management – also known as TPRM or vendor involves identifying, assessing, and controlling the various risks that can develop over the lifecycle of your relationships with third-party service providers. Third parties include suppliers, vendors, providers, partners, and other affiliate entities that engage with your business.
What does this course cover?
Understand the vendor Role of outsourcing and supplier chain in Business
Understand vendor risk
The Vendor Life cycle
Third-party Risk Management process
Completing and evaluating a risk Questionnaire
Evaluating Third party Attestation reports such as SOC 2, PCI DSS ROC, etc
Reporting vendor risk
Vendor issue management/ remediation tracking
Continuous Monitoring of Vendors
Who is this Course For?
This course is designed for so many roles in business such as IT, Supply Chain Professionals, Accounting, compliance professionals, vendor relationship managers, and new graduates from other disciplines who are interested in transitioning into a Third-party Risk Management Career. The program has been designed to build the foundational skills and knowledge required to become a successful IT auditor.
This course is practical and hands-on. By the end of the course, you will actually have the skills to perform a full cycle vendor risk assessment.
What are the current opportunities with IT Audit Skills?
Third-Party Risk Management (TPRM) has advanced from being an annual checklist exercise to a critical daily function for many businesses. As more companies continue to rely on Third parties to perform critical functions for their business, there is no shortage in the demand for skilled Third Party risk assessors. This training will prepare you for a career and roles such as Third-party Risk Analyst, IT compliance Analyst, and supplier risk analyst.
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