Third Party Risk Management for Relationship Managers Course (Global)

Course Description

Managers are often responsible for overseeing key third-party relationships that are critical to their organisation’s success. While this oversight is essential, managing third-party risk is usually only one part of a much broader role, and many managers may not be clear on how risks can—or should—be identified, assessed, and managed across the relationship.

This course is designed for relationship managers who work with third parties but are not dedicated risk specialists. It recognizes that third-party risk management is a team sport, with the relationship manager acting as the central point of coordination. The course builds practical awareness of common third-party risk management processes, and clarifies what may be expected of managers at different stages of the third-party lifecycle. By the end of the course, participants will feel more confident playing their role, knowing when to act, when to escalate, and how to support stronger, more resilient third-party relationships.

In this course, you’ll learn:

1. Why We Need Third Party Risk Management

  • Why we engage third parties
  • How third parties bring risk
  • Balancing risk and reward
  • Why you manage third parties

 

2. Defining Third Party Risk Management

  • Definition of third-party risk
  • Definition of third-party risk management
  • Linking to objectives
  • The components of risk

– Third parties as risk events

– Third parties as causes

  • Types of third party risk
  • 3 main phases of third party risk management

 

3. Practicing Third Party Risk Management

  • Exploring the 3 main phases

– Onboarding phase

– Ongoing monitoring

– Offboarding

  • Roles related to third parties
  • The enterprise view of third parties

 

4. Cadence of Third Party Risk Management

  • Formal versus informal approaches
  • Structured versus dynamic approaches
  • Watch 4 videos
  • Access 1 downloadable material
  • Answer 6 quiz questions
  • Time: 20 minutes of video content
  • Approximately 25 minutes for the whole course

$858.00

Do you have a policy or process, or some subject-matter expertise that you would like to add to this course?

Talk to us about ways we can tailor the course to suit your needs.

Please note

This course is exclusively for organisational clients and is not available for individual purchase.

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