Third Party Risk Management

Description

Speaker: Mr. Kama Neson Ganeson

Training Consultant

 

Course Overview

In today’s scenario, most of the organizations outsource their services to the third party. Third Party Risk Management simply helps organizations answer critical questions of who am I doing business with, what risks do they pose and how do I successfully manage those risks?

Reducing—if not completely eliminating—the risks of working with third party vendors is a necessary part of your business. If your organization is outsourcing a process, you’ll want to make sure there are safeguards in place that protect your business and vendors.

Course Objectives

At the end of the training, participants are expected to:

  • Know how to identify third party risks and approach to Third Party Risk Management.
  • Be familiar with components, requirements and approaches to Vendor Risk Management and Service Organization Controls (SOC) Reporting

 

Target Audience

  • Procurement Personnel
  • Compliance Personnel
  • Legal Personnel
  • Internal Auditors

 

Course Outline

The Program is delivered using a combination of instructor-led lectures, case study and exercises on practical implementation of the concepts discussed within the training. The topics presented below define the areas of focus under the program:

 

Topic 1: Third Party Risk Management (TPRM) Overview

  • Who is Considered a Third Party?
  • Framework: What is Third Party Risk Management?
  • Business Value

Topic 2: Vendor Risk Management (VRM)

  • Definition
  • Importance of VRM
  • Vendor Breach Background
  • VRM Strategy

Topic 3: Service Organization Controls (SOC) Reporting

Topic 4: TPRM Process

  • Initial Risk Review
  • Ongoing Monitoring
  • Recurring Reviews

Topic 4: TPRM Elements: The 4 RMs

  • Risk Measurement
  • Risk Management
  • Risk Monitoring
  • Response Management

 

Ice Breakers/ Quizzes/ Case Studies/ Workshops

Wrap-up/ Summary

Discussion

 

Venue: Dusit Thani Manila, Ayala Center, Makati City.

Payment Options

  • Deposit thru our Bank Account:
    Account Name: Bankers Institute of the Philippines, Inc.
    Name of Bank : Bank of Commerce – Dela Costa/Alfaro Rd.. Br.
    No. : 101-00-004876-4
    Please fax or email the deposit slip and indicate the name of your bank, participants and seminar to be attended
  • Bring Check Payment on the day of Seminar. (Check payable to Bankers Institute of the Philippines, Inc. or BAIPHIL)
  • Deliver check payment to BAIPHIL Office at Unit 2103, 21st Floor, The Peak Tower, #107 L.P. Leviste Street, Salcedo Village, Makati City.Payment should be made on or before the seminar date payable to Bankers Institute of the Philippines, Inc. (BAIPHIL). NO PAYMENT IN CASH DURING THE SEMINAR DAY.For inquiries, please call the BAIPHIL Secretariat at (02) 853-4457 or 519-2433. Registration form may be reproduced, and fax at no. (02) 853-0889 or e-mail at: training@baiphil.org

 

Cancellation Guidelines:
Deadline of Submission of Registration is October 10, 2018 (Wednesday)

BAIPHIL reserves the right to cancel programs due to low turn-out of registration, illness of resource speaker, inclement weather or unforeseen events. As such, participants to the program or their HR representatives will be advised either through e-mail or by phone, at least five working days prior to the learning event otherwise same shall be billed accordingly. BAIPHIL is responsible only for the full refund of the registration fee but not for the transportation expense of the participants who have booked their travel in advance. Should a participant decide to cancel his/her registration, he/she may opt for a refund or transfer his/her participation in the program to another colleague by sending in writing his cancellation or transfer notice to BAIPHIL. A 100% refund or transfer will be made if the advice is received within five working days before the seminar run.

(Inclusive of AM Snack, Lunch, PM Snack, Certificate of Attendance and materials)