Indentifying & Managing Third Party Risks
Duration : 90 Minutes
Daniel Clark,
Daniel Clark has over 25 years of experience in risk management and auditing. He has served in many senior auditing/risk roles culminating as chief auditor for midsize and large regional and global financial organizations. Mr. Clark has in-depth knowledge on how to integrate diverse processes into Read more
This webinar explores the components of third party service provider risk. Developing a common understanding and definition of third party service provider risks, the participant will form a comprehensive base upon which meaningful review and interaction with senior management can occur. The session introduces a holistic way of looking at risks associated with third party service providers so that Boards of Directors, Senior Managers and other organizational leaders will develop and demonstrate thoughtful process behind this meaningful and valid way of competing in today’s business world.
Course Objectives:
• Define aspects of Third Party Service Provider Risk (TPSP)
• Recognize indicators that help management and Board of Directors oversee management
• Learn new approaches to understanding TPSP risk
• Link data and data tools, like Analytics and GRC, to TPSP management
• Gain an understanding of why regulators and stakeholders are more focused on risk management of third parties
• Discover ways to design monitoring and reporting processes that deliver value
Why Should You Attend:
Have you ever wanted to understand more about Third Party Service Providers and the associated risks? Do you think that by using third party service providers you no longer have to deal with certain process risks? Then this session, designed to clear away the confusion linked to definitions and management of third party risk, is necessary. During the hour, participants will discover a practical way to understand the full scope of Third Party Service Provider (TPSP) risks. Then building on that understanding learns techniques on how to monitor report and educate stakeholders on proper risk management processes. Integration of data analytics and GRC provide strong support for gaining an understanding of TPSP risks, monitoring aspects of those risks, and reporting to stakeholders. This session is targeted to those who want to leverage data and risk tools to new levels of influence and organizational contribution.
Course Outline:
• Defining “Third Party Service Provider” risks
• New dimensions on understanding TSPS risk and risk management
• Developing KPI’s and KRI’s
• Developing monitoring processes
• Risk events triggering management process
• Regulator focus on TSPS risk for regulated institutions
• Review steps for analyzing TSPS risks
• Tips for risk recognition
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• Audit Managers and Directors
• Chief Auditors
• Auditors
• Risk Managers
• Operations Leaders
• Operational Risk Managers
• Regulators
• Bank Examiners
• Quality Control Staff
• Corporate Trainers
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
100% MONEY BACK GUARANTEED
Refund / Cancellation policyGet In Touch
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