In today's interconnected business landscape, organizations increasingly rely on third-party relationships to achieve their objectives and enhance operational efficiency. However, these relationships come with inherent risks that can impact an organization's reputation, financial stability, and compliance with regulatory requirements. Internal auditors play a crucial role in identifying, assessing, and mitigating these risks to protect their organizations.
DESIGNED FOR
This course is ideal for internal auditors, compliance officers, risk managers, and any individuals responsible for evaluating and managing third-party relationships within their organizations.
BENEFITS
Date(s) and Time: Nov 19 - 22 1:00 PM - 4:30 PM ET
Upon completion of this course, participants will:
- Understand the concept of third-party risk management and its importance in today's business environment.
- Identify the various types of third-party relationships and their potential impact on an organization.
- Learn how to assess and categorize third-party risks based on criticality and vulnerability.
- Develop risk assessment frameworks tailored to their organization's specific needs.
- Explore the regulatory landscape and compliance requirements related to third-party risk management.
- Understand the operating model components required to support an effective third-party risk management program.
- Discover effective strategies for risk management across the third-party relationship lifecycle, including in the event of response to a third-party breach or disruption.
- Build the skills needed to conduct comprehensive audits of third-party risk management programs (or specific third-party activities).
- Learn how to integrate third-party risk management into an organization's overall risk management framework.
Other Date(s) and Time: Oct 2,4,7,9 from 12:30PM-4:00PM ET
HIGHLIGHTS
This course is designed to equip internal auditors with the knowledge, skills, and tools necessary to effectively evaluate and manage the risks associated with third-party relationships. Through a combination of lectures, case studies, practical exercises, and discussions, participants will gain a deep understanding of the principles and leading practices in third-party risk management.
COURSE LEVEL
Intermediate
PREREQUISITES
Participants should have a foundational understanding of internal auditing principles and practices. Basic knowledge of risk management, governance, and organizational behavior will be beneficial.
ADVANCE PREPARATION
None