CERTIFIED THIRD PARTY RISK MANAGEMENT PROFESSIONAL | C3PRMP
Embark on a Transformative Journey with the C3PRMP Course
Are you a mid-career professional navigating the dynamic fields of risk management, compliance, procurement, audit, or vendor management? If so, our Certified Third Party Risk Management Professional (C3PRMP) program is your gateway to mastering the intricacies of operational and third-party risk management.
This isn’t just another certification; it’s a commitment to excellence. As a graduate of our program, you’ll not only hold the globally recognized “gold standard” in risk management certification, but you’ll also possess a profound, sustainable understanding that transcends textbooks. You’ll carry with you the wisdom of real-world applications and the confidence to apply your knowledge across various industries and regions.
What You Will Learn
Our content teaches globally accepted risk frameworks, practical recommendations and tips, and proven best practices. You will learn:
- How to identify, assess, manage, and control third party risk throughout the lifecycle of the relationship
- The importance and approach to aligning risk taxonomy, risk domains and risk specialists to co-ordinate key activities, and integrate risks, methodologies and essential tools and controls, resulting in effective third party risk management, risk oversight, and operational governance.
- Risk frameworks, best practices, pitfalls to avoid, and how third party risk management programs integrate risk and compliance specialists and risk domains, with internal operations and businesses, and across the extended enterprise.
More specifically, our targeted learning outcomes emphasize how to:
- Identify key roles and responsibilities for third party risk and relationship management, risk oversight, and assurance.
- Align enterprise, operational, and third party risk management frameworks, methodologies, and activities to build or strengthen capabilities.
- Recognize key elements of effective relationship segmentation, lifecycle management, and governance practices.
- Identify and treat 9 high impact third party risks.
- Build and apply risk-adjusted controls to minimize or mitigate risks that exceed the organization’s risk appetite.
- Manage and monitor third party risks and relationships.
- Integrate proven risk oversight and governance practices with third party risk management.
Learning Outcomes
Our carefully targeted learning outcomes focus on:
- Third party risk management fundamentals, and how to mature your practices.
- Three Lines of Defense responsibilities for third party risk and relationship management, risk oversight, and assurance
- Alignment between enterprise, operational, and third party risk management frameworks, processes, and tools to build or strengthen your organization’s program.
- Effective relationship segmentation, lifecycle management activities, risk identification, evaluation, and treatments, essential methodologies, and sound governance
- Identification and treatment of nine of the highest impact third party risks
- Risk-adjusted controls to minimize or mitigate risks that exceed the organization’s risk appetite.
- Risk monitoring and relationship management
- Good governance and risk oversight
What We Cover
Third Party Risk Management, TPRM, 3PRM, vendor management are interchangeable terms for the processes to identify, assess, manage, and control third party risk during the lifecycle of a relationship. Third parties are your suppliers, vendors, outsourcers, partners, and affiliated entities. In short, a third party is any business relationship except when it is your customer.
Third party relationships are embedded across every business unit and core service, creating a complex and extended enterprise, essential for your organization’s survival. Third party relationships inherently bring their own set of risks – strategic, operational, legal, and regulatory and/or financial – in terms of exposure and impact.
Translating your firm’s risk appetite and tolerance for risk into an effective and efficient third party risk management program requires a high level of skill and strong working knowledge across every aspect of operational risk – cyber, business continuity, and financial crimes – to name a small handful of risks.
Request a Curriculum Guide “Click Me”
or email your request to info@thirdpartyriskinstitute.com
What You Need to Know
Role Alignment
C3PRMP is an Intermediate level learning program, designed for time-constrained risk specialists, vendor managers, and professionals in compliance, procurement, legal/contracting and audit roles. C3PRMP certification is valid for three years, at which time graduates must recertify.
Requirements for maintaining your C3PRMP certification can be found in our Maintaining Your Certification course and on our website.
Access to Our Resource Library
Our growing Resource Library gives participants and Members access to best-selling book “Third Party Risk Management: Driving Enterprise Value,” thousands of bite-sized posts, video and audio clips, White Papers, video, and “Ask the Expert” series recordings
Peer Networking
Participants and C3PRMP graduates have access to our global network of third party risk management professionals and subject matter experts while they are enrolled in C3PRMP and for a year after the date of enrollment.
Prerequisites, Eligibility & Advance Preparation
There are no prerequisites or advance preparation when enrolling in C3PRMP, but you must meet at least one of the following qualifications:
- Bachelor’s degree or equivalent
- 3 years of management experience
- 5+ years of general business experience
This information must be provided by participants in the C3PRMP Participant Profile that is required for each participant prior to getting started in C3PRMP
CPE Credits
C3PRMP is a QAS Self-Study program. Self-identifying participants will earn 66 Continuing Professional education (CPE) credits upon successful completion of all requirements, which includes the stated learning requirements and a minimum passing grade of 70% on each of two Qualifying Assessments.
C3PRMP content is aligned with the following NASBA Fields of Study:
– Business Management and Organization (11 CPE credits)
– Finance ( 1 CPE credit)
– Information Technology ( 3 CPE credits)
– Specialized Knowledge (51 CPE credits)
Our Qualifying Assessments are NASBA-compliant multiple choice exams administered within our learning platform. The questions are carefully written to test your understanding of program materials.
Participants are notified of their grade immediately after completing a Qualifying Assessment.
Third Party Risk Institute Ltd. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org
Preparing for a Qualifying Assessment
No trick questions! If you complete the assigned learning activities, including the mandatory reading, and take the time to understand what you’re learning as you go, you should pass the Qualifying Assessment on the “first pass.” But you can retake it as many times as you need.
If you understand the correct and incorrect responses to the Review Questions found at the end of each Module, you’ll be well prepared to successfully complete the Qualifying Assessments. If there’s a choice in the responses that you know is incorrect, but you aren’t sure what it means, click on it for an explanation and its source. This way you’ll be very well prepared for the Qualifying Assessment.
Self-identifying participants also earn 20 Continuing Professional Education (CPD) credits from GARP.
Our Policies
We recognize the importance of content-rich, current, and actionable content for our programs, courses and eWorkshops. We intentionally design our accessibility and flexibility into our approach and develop content for time-constrained adult learners.
Content is developed by one or more subject matter experts, who are typically seasoned practitioners with relevant expertise, business and/or academic experience, communication skills, and reputation that matches learners’ requirements with their specialized knowledge and/or experience. Reviewers provide assurance that the materials are up to date, and that the content is accurate, timely, and consistent with currently accepted standards relating to the subject of the program.
You can cancel participation and receive a refund for a program minus a $250. administration fee, subject to the following:
- the request for cancellation is received by email sent to aarsh@3PRInstitute.com within 5 business days of enrollment; and
- you have not accessed any program materials or our Resource Library
If the above conditions are not met, registration fees paid minus 30% will be converted to a non-transferable, non-refundable credit that can be applied toward a future program within one (1) year of the date of enrollment.
Sometimes life gets in the way. You can defer your start date, subject to the terms of our Cancellation or Withdrawal policy. We will work closely with you to find a mutually agreeable alternate date, where possible.
If you have concerns that haven’t been resolved, you can contact our Chief Executive Officer, Linda Tuck Chapman at linda@3PRInstitute.com. She will acknowledge your concern, investigate the matter, and get back to you as soon as possible.
For a copy of our administrative policies, please email info@3PRInstitute.com Please tell us what you’re looking for, and why.
Become a member and get discounted price and other benefits
Special Pricing
Ask us about Enterprise pricing, bundled pricing, and special pricing for teams of 5 or more.
Participants from the UN’s list of special countries including India, African nations, and Underdeveloped Countries 2023 listed at www.worldpopulationreview.com may be eligible for our “Emerging Nations” pricing.