- Payment Terms: Enquire
- Locations: Sheikh Zayed Rd - Dubai Istanbul Sydney Kurla - Mumbai Munich England - United Kingdom Frankfurt The Hague Delhi
- Duration / Course length: 5 Days
- Starting Date: Enquire About It
- Timings: Enquire
Course details
"Third-Party and Risk Management" is a specialized course designed to equip participants with the knowledge, skills, and strategies necessary to effectively manage risks associated with third-party relationships. Expanding business operations beyond the organization's boundaries to generate value is a well-established practice. However, the current landscape sees a rise in the number and intricacy of relationships beyond organizational boundaries, accompanied by heightened regulatory scrutiny and stakeholder attention. Collaborations with third parties, including crucial suppliers, offer numerous advantages to the organization but also introduce unknown factors that can increase risk levels. Effective risk management involves appropriately handling infrastructure, systems, personnel, and external support to mitigate potential risks.Participants will learn how to assess and classify third-party relationships based on their level of risk and criticality to the organization. The course covers techniques for conducting due diligence, evaluating third-party performance, and establishing clear contractual terms and service level agreements (SLAs) to manage risks and ensure compliance with regulatory requirements.
Additionally, the course addresses the importance of ongoing monitoring and oversight of third-party relationships. Participants will gain insights into developing risk monitoring frameworks, conducting periodic assessments, and implementing controls to detect and respond to emerging risks in a timely manner.
Furthermore, the course explores strategies for managing third-party risks across various dimensions, including data privacy and security, financial stability, and business continuity. Participants will learn how to develop risk mitigation plans, establish contingency measures, and build resilience to minimize the impact of third-party-related disruptions on organizational operations.
Objective
- Setting the context for supplier / third party risk management
- Relationship to supply chain management and risk management
- The Challenges and pitfalls of managing supply chain / third party risks
- Third-Party Risk Framework Overview
- Assessing third party risks and controls
- Third-Party Risk Governance including strategic risk management and resilience
- Third-Party Risk Management and the Procurement Lifecycle
- Implementing Supply Chain and Third-Party Risk Management
Course Location
About Global Business Advisor -Professional London Training Center
GBA Corporate, the name highlights as a one stop for diversified training. We are one of the most upcoming UK based training company offering extensive training with wide range of training courses. We are based in UK with venues across the globe, providing value training in 15 countries worldwide not only that we customise training as per requirement and even Be Spoke and can reach anywhere in the world for our Clients.
GBA Corporate is the name on which you can rely upon like our clients from diverse sectors across the globe. Our innovative and diversified training courses are designed and delivered by our recognized facilitators known for providing relevant courses in their region.
Our mission is to enhance the skills through our extensive variety of pioneering programs that will help the employees to explore new skills within themselves and build new perspectives though our varied nature.
Our Slogan is our Vision and our mission. It starts with getting to know what your training needs are, understanding in depth and connecting with best approach to deliver results thereby making connections."
Risk Management Related Questions
Enquire about this course
You may add more courses here,
your list will be saved.
