Risk Tide Deep Dive

Why TPRM is a business enabler, what counts as a third party, and how relationships change risk over time.

1. 01Recognize the strategic importance of TPRM as a business enabler rather than just a compliance requirement, and how it protects business value and reputation.
2. 02Define what a third party is and distinguish between vendors, customers, regulators, and other business relationships.
3. 03Recognize how third-party relationships evolve and change risk levels over time, requiring ongoing assessment and management.

The complete lifecycle from planning through termination, and how findings become contract terms.

1. 01Identify the complete TPRM lifecycle framework, from initial planning through termination, to systematically manage third-party relationships and reduce operational risk.
2. 02Evaluate business plans and inherent risk assessments that establish clear business justification and identify service-level risks before vendor selection.
3. 03Recognize how contracts incorporate identified risks and performance expectations by translating planning insights and due diligence findings into specific clauses and measurable service requirements.

Structure, clarity, and accountability: the Three Lines model, processes, and escalation done right.

1. 01Define governance in the context of TPRM and recognize how it provides structure, clarity, and accountability.
2. 02Identify the Three Lines model to determine clear roles and responsibilities across business units, sourcing, risk functions, and internal audit.
3. 03Recognize how governance structures facilitate third-party risk processes, including policies, procedures, and process flows that enable consistent execution.
4. 04Identify effective issue identification and escalation processes that distinguish between findings and formal issues while ensuring appropriate response and resolution.

The PILAR framework for making technology support your program instead of creating busy work.

1. 01Evaluate the PILAR framework to assess how technology should support your TPRM program: Process enablement, Information and data, Linkages, Automation, and Reporting.
2. 02Recognize integration opportunities between TPRM and other business functions like Procurement, Security, and Legal, knowing what should connect and why.
3. 03Distinguish between where automation adds value versus creates busy work, focusing on high-impact areas like due diligence intake and alert monitoring.

AI in third-party relationships, user-friendly processes, and the evolving regulatory landscape.

1. 01Identify artificial intelligence in third-party relationships through early discovery, comprehensive documentation, and expert engagement using the AIMED framework.
2. 02Evaluate TPRM processes for actual business users by assessing clear language, intuitive workflows, and user-friendly systems that support business objectives.
3. 03Recognize evolving regulatory landscapes by identifying and differentiating requirements from financial services, healthcare, utilities, and other sector-specific regulators.

A real-world incident worked end to end: analyze the situation, weigh the options, and defend your response.

1. 01Apply course concepts, such as planning and due diligence, to a real-world incident.
2. 02Analyze a specific situation and determine an appropriate, well-reasoned response.
3. 03Demonstrate critical thinking by moving beyond memorization to practical decision-making.
4. 04Evaluate options and select actions that reflect a true understanding of the material.

Turn everything into a comprehensive TPRM program using practical, immediately applicable tools and actions.

1. 01Build a comprehensive TPRM program using practical, immediately applicable tools and actions.