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Over the past decade, organisations have increased their engagement with suppliers in order to gain access to specialist expertise, streamline their processes, and improve productivity. At the same time, third-party risk has increased and is now seen as one of the top 5 risks for the financial services sector. This interactive one-day workshop has been structured to enable participants to examine latest developments, trends and techniques in the dynamic field of TPRM, reflect on practical ways of building an effective third-party framework to remain at the forefront of industry developments and regulatory expectations.
The course is packed with practical tips and hints and ends with Make A Difference discussion, where attendees share their take-aways that will make a real difference to their organisation.
The course will allow participants to:
Conduct a deep dive into building an effective third-party risk framework
Examine evolving practices for third-party monitoring
Develop third-party risk appetite and monitoring KRIs
Incorporate ESG practices into third-party management
Reflect on resilience arrangements in light of regulatory requirements
Review practical examples, case studies and industry benchmarks
Interact with fellow practitioners
Benchmark the maturity of approaches against peers
Whether you are seeking to upskill your team, enhance productivity or foster a culture of continuous learning, we can deliver customised training programmes designed to meet your specific needs. If you have an enquiry, you can complete the in-house form and our training team will be in touch with next steps.
TPRM: Core Requirements and Their Practical Application
Understanding the evolving landscape: risks and opportunities in dealing with service providers
Demystifying TPRM roles and responsibilities
Core building blocks of TPRM framework
From traditional to advanced practices: continuous monitoring, emerging risk analysis, third parties and ESG; third parties and GenAI
Identifying and managing concentration risk
Practical exercise: evaluating the current state of TPRM framework
Building third-party Resilience
Third parties in the context of operational resilience and DORA
Exit planning and exit testing: what does good look like?
Use of scenario analysis to enhance resilience
Managing increased cyber risk: crisis and incident management
Practical exercise: developing 3rd party testing program
Establishing Robust Risk Management
Third-party risk in the operational risk taxonomy
Developing risk appetite and KRIs for third-party risk
Incorporating third-party risks into RCSAs
Responsible risk culture throughout TPRM lifecycle
Practical exercise: drafting risk appetite and KRIs
Live poll and discussion: applying risk management tools to TPRM
Emerging Risks in the context of TPRM
What are emerging risks?
Guidance on how to define the horizon scanning process
Examining emerging risks on the radar
Recap and key take aways
Live poll and discussion: TPRM successes and challenges
Building individual action plan
Trainer
Elena Pykhova is award-winning risk expert, author, international trainer and educator. She is the founder of a boutique risk management consultancy, ...
Elena Pykhova is award-winning risk expert, author, international trainer and educator. She is the founder of a boutique risk management consultancy, The OpRisk company, specialising in risk transformation, board and executive level advice on effective operational and enterprise risk management strategy, design and implementation. Elena is an author of a best-selling book, Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions.
She is a renowned educator, running public and in-house training courses in the UK and internationally for world-leading organisations including Euronext, the Moller Center Cambridge University and the Institute of Internal Auditors. Elena is a thought leader, influencer and founder of a prominent industry think tank, the Best Practice Operational Risk Forum. She is a former Director for Education at the Institute of Operational Risk and chair of the Expert Panel for the Association of Foreign Banks. Passionate about the discipline, she founded her training and consulting practice after 20 years of experience in senior roles at Fortune 500 companies.
Any organisation using third parties to deliver critical services or products to their customers. This course has been designed for professionals including:
Operational and Enterprise Risk
Third Party Risk
Procurement
IT, Operational Resilience and Business Continuity
Compliance, Governance and control
Internal Audit
Heads of departments
Directors and senior executives
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