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Introduction to Managing Third Party Risk

Price £

195

+VAT

Duration

90 minutes

We can run this course inhouse or privately just for you and your colleagues.

 

Please submit a training request to check availability and prices.

About the Course

The aim of this training course is to provide a high-level understanding of Third Party Risk Management (TPRM) and its importance in the UK regulatory regime. This course will equip participants with the necessary knowledge and skills to effectively manage third party risks, including outsourcing, in compliance with regulatory requirements.

Learn Third Party Risk Management (TPRM) for UK financial services professionals. Understand outsourcing, risk assessment, governance, on-boarding, oversight & exit strategy.

Learning Outcomes

By the end of this course, participants will be able to: 

  • Define Third Party Risk Management (TPRM) and explain its relevance in the UK regulatory regime. 

  • Define Outsourcing and understand the regulatory requirements related to it. 

  • Understand the role of a risk assessor in TPRM and be able to conduct a risk assessment of a third party. 

  • Understand the TPRM framework, including Governance, On-Boarding, Oversight, and Exit Strategy, and be able to apply it to manage third party risks. 

  • Understand the importance of Governance in TPRM and be able to identify the key elements of an effective Governance framework. 

  • Understand the importance of On-Boarding in TPRM and be able to identify the key steps in the On-Boarding process. 

  • Understand the importance of Oversight in TPRM and be able to identify the key elements of an effective Oversight framework. 

  • Understand the importance of Exit Strategy in TPRM and be able to identify the key steps in the Exit Strategy process. 

This training course will provide participants with practical examples and case studies to enable them to apply their knowledge and skills to real-world scenarios. Upon completion of this course, participants will be able to effectively manage third party risks in compliance with regulatory requirements.

Course Outline

This comprehensive training course equips UK financial services professionals with the knowledge and skills necessary to effectively manage Third Party Risk Management (TPRM) in compliance with regulatory requirements. 


Participants will learn about outsourcing, risk assessment, governance, on-boarding, oversight, and exit strategy. Practical examples and case studies will be provided to enable participants to apply their knowledge to real-world scenarios. 


Upon completion, participants will have an understanding of TPRM and be able to mitigate third party risks in compliance with regulatory requirements.

Required Knowledge and Skills

The course is suitable for anyone in financial services. This course can be adapted so that it specifically addresses individuals working in specific roles such as risk and compliance, front, back, and middle office personnel, board members, and senior managers.

About Your Trainer

Daiman Baker

Daiman Baker

Daiman has 20 years of experience in London-based investment banks in front office compliance advisory roles and in delivering regulatory change across multiple EU and UK pieces of legislation.

Leveraging his background as a lawyer, Daiman delivers design, implementation, remediation projects, business governance / management structures, SME / regulatory interpretation input, policy and procedure drafting and training.

At Leaman Crellin Daiman focuses on regulatory consulting and training to firms, both TradFi and those operating in the Web3 space.

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