TRAINING  >  OUTSOURCING

Outsourcing

Outsourcing is a common way of gaining access to services, technology or efficiency gains. Outsourcing can range from making arrangements with new third party provider through to centralising activities internally within the organisation, either within or outside the UK.

The first ever enforcement action taken by the PRA was for Outsourcing and it has gained increasing regulatory attention ever since. Outsourcing and third party risk management has really come into focus during the pandemic. The operational resilience of firms both regulated and unregulated has been challenged in a way none of us expected. Many firms are looking at their vendors and suppliers in a new light and reconsidering their outsourcing assessments as a result.

The PRA and FCA expects firms that outsource certain activities to do so with management oversight and control as underpinned by Principle 3 of the Principles for Businesses. Our courses will take you through these and other PRA and FCA expectations around your outsourcing and third party risk management. You can supplement this with our step by step guides and checklists to give you confidence that you haven't missed anything and your people are clear about what they need to do.


Below are details of the suggested curriculum for our more popular courses on Outsourcing.

Suggested Course Content

  • Golden Gate Bridge

    Introduction to Outsourcing

    This course is for those who are relatively new to regulation, or whose business has changed such that they are considering outsourcing for the first time, as well as those who need a refresher.

    60 minutes

    This training usually covers:

    • Introduction to outsourcing more generally

    • The need for regulation around outsourcing

    • What is in or out of scope of the rules

    • Meeting the regulatory requirements

    • When and why you may need to tell the regulators about your plans

  • Minimalistic Stairs

    Managing Outsourcing

    This course is aimed that those who need to establish a framework for managing outsourcing for the first time, or need to refresh their current framework

    60 minutes

    This training usually covers:

    • Introduction to outsourcing more generally

    • The need for regulation around outsourcing

    • What is in or out of scope of the rules

    • Meeting the regulatory requirements

    • When and why you may need to tell the regulators about your plans

Looking for something specifc?

Let us know and we can discuss tailoring a course just for you.

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