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Third-Party Risk

Third-party risk is a form of operational risk and includes the risk that arises from relationships with third-party providers such as suppliers, contractors and other business partners.

Regulators are concerned about the types of risks that third parties and, in turn, firms could be exposed to.

Our Third-party Risk course will help your team understand the various third-party risks and how to manage them.

Get started Course details
  • 30 Minutes
  • All staff
  • Based on best-practice risk management frameworks and suitable for global audiences.

Learning objectives

Appreciate why third-party risk has become so important
Recognise risks companies face in their third-party population and the specific threats they present
Identify the key features of third-party risk management (TPRM)
Appreciate the regulatory landscape and key terminology used in third-party risk management (TPRM)
Distinguish between the stages of the TPRM lifecycle
Create a business continuity, termination strategy and exit plan for material outsourcing relationships

    What can you expect your employees to learn?

Welcome

  • Learning objectives
  • How to complete this course

What is third-party risk?

  • Understanding risk exposure: Types of risks

Third-party risk management (TPRM)

  • You decide: Whose responsibility is it?
  • Key roles

Understanding the international regulatory landscape

  • You decide: What are the requirements?

Key terms within TPRM

  • Practical examples

The TPRM lifecycle

  • Scenario: Holly's fintech solution

What is a TPRM policy?

  • Additional features of a TPRM policy

Planning a smooth exit

Importance of business continuity & operational resilience

Benefits of TPRM

Summary

Affirmation

Assessment

Does your company have…

Under 50 employees?

We recommend our CoreCompliance solution, perfect for smaller teams. Start your training immediately with pre-configured, ready-to-go courses.

Learn more

Over 50 employees?

We have a range of flexible pricing plans to suit your unique needs. Choose from off-the-shelf course libraries or a customised, bespoke approach to reach your compliance learning goals.

Explore plans

Your questions, answered

Common FAQs

Are the courses SCORM-compliant?

Yes. This means they can be delivered via the Skillcast Portal or any other SCORM-compliant Learning Management System.

What other tools are needed beyond training?

A comprehensive compliance solution often needs more than just training. Alongside e-learning, tools like declarations, surveys, and registers that track compliance tasks are usually essential. Skillcast provides full support to help you set up these additional tools.

Can users only view the courses assigned to them?

Yes. Users can view all the courses in the portal that have been assigned to them as either mandatory or optional. Courses that are mandatory will have a deadline shown.