Third Party Risk Management and Due Diligence Course

Training Outlines

Introduction

In today's global marketplace, organizations increasingly rely on third parties, making effective third-party risk management and due diligence essential for safeguarding your company's reputation and bottom line. This comprehensive 5-day course is designed to equip professionals with the knowledge and tools needed to identify, assess, and manage risks associated with third-party relationships.

Objectives

• Understand the fundamentals of third-party risk management.
• Learn how to conduct thorough due diligence on third parties.
• Develop strategies to mitigate risks in third-party relationships.
• Explore regulatory requirements and compliance frameworks.
• Implement a robust third-party risk management program.

Course Outlines

Day 1: Introduction to Third Party Risk Management

• Overview of third-party risk management.
• Importance of managing third-party risks.
• Common challenges in third-party risk management.
• Key terms and definitions.
• Stakeholders in third-party risk management.

Day 2: Due Diligence Processes and Techniques

• Steps in the due diligence process.
• Types of due diligence: legal, financial, compliance.
• Tools and technologies for due diligence.
• Evaluating third-party risk profiles.
• Red flags and warning signs in due diligence.

Day 3: Risk Assessment and Mitigation Strategies

• Identifying and categorizing risks.
• Quantitative and qualitative risk assessments.
• Developing risk mitigation plans.
• Continuous monitoring and review.
• Case studies on effective risk mitigation.

Day 4: Regulatory Compliance and Best Practices

• Key regulations impacting third-party risk management.
• Industry-specific compliance requirements.
• Best practices for compliance with regulations.
• Handling non-compliance and breaches.
• Engaging with legal and compliance teams.

Day 5: Implementing a Third-Party Risk Management Program

• Designing a third-party risk management framework.
• Roles and responsibilities in risk management.
• Integrating risk management into business processes.
• Communicating with stakeholders and third parties.
• Program evaluation and continuous improvement.

Training Schedule

Below is the table of cities along with the respective dates for the upcoming training sessions of Third Party Risk Management and Due Diligence Course. Please review the schedule to find the most convenient option for you. You can also use the below search bar to type the city name and filter the results.