“Why has third- and fourth-party risk management become such a material risk and how can we effectively and efficiently manage it?
In today’s post-COVID world, the risk of supply chain attacks, data breaches, operational resilience failures and reputational damage has heightened considerably, affecting companies of all sizes and complexities.
Session 1: Introduction to Third-Party Risk Management and Session 2: Third-Party Framework and Assurance are designed to be taken together to better enable compliance and risk managers identify, assess, and monitor third- and fourth-party risk as part of their regular assurance program.
Session 3: Governance of Third- and Fourth-Party Risk is a scenario-based workshop that strengthens third- and fourth-party risk governance practices to ensure the right questions and risk discussions are generated at executive and board forums , supported by quality data and better reporting.”
Who should attend?
Day 1: Managers, Senior Managers, Heads of – “the do-ers”
Day 2: Executives and Board
Course Details
Day 1 Session 1:
Introduction to Third-Party Risk Management
- definitions of third and fourth party risk
- supplier versus non-supplier
- identifying risk before an agreement is made
- third and fourth party risk and operational resilience
- regulatory expectations, accountability and liability
Time: 9am – 12pm
Day 1 Session 2:
Third-party Risk Framework and Assurance
- designing a fit-for-purpose framework
- operationalising and embedding the framework through business and risk processes
- ongoing maintenance of the framework, including exiting third parties
- keeping taxonomy consistent i.e. fraud, cyber, privacy risks versus third-party risk
Time: 1pm – 4pm
Price (full day): Members NZ$1,475 + GST; Non-Members NZ$1,700+GST
Day 2 Session 3:
Governance of Third-and-Fourth Party Risk
- Business, Executive, and Board accountabilities
- Governance structure including reporting forums
- Indicators and metrics
- incorporating third party risk into enterprise risk profiles and appetite
Time: 9am – 12pm
Price(1/2 day): Members NZ$475 + GST; Non-Members NZ$650+GST
Venue: Wellington Club Building Level 4/88 The Terrace, Wellington Central, Wellington
Registrations Close: Friday, 1st March 2024
