Third-party Risk Course

IIRSM Date Range Logos Updated

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.

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Third-Party Risk

About this Course

Available as part of our Risk Management Library.

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

Course Contents


- 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




Course Specifications



Approximately 30-minute long e-learning course followed by a 10-question assessment.



Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.



SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.



All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.



Fully customisable on Skillcast Portal CMS.



Pre-translated versions not available, but all text content can be exported for translation into all languages.



Based on best-practice risk management frameworks and suitable for global audiences.

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