Certified Third Party Risk Management Professional (C3PRMP)
C3PRMP is the “gold standard” professional designation, it is designed for the time-constrained professional.
Overview
C3PRMP is self-paced learning created by Linda Tuck Chapman, a widely recognized subject matter expert, advisor, educator, and author. Content is based on global best practices, Linda’s experiences as a corporate executive and management consultant, and her book, Third Party Risk Management: Driving Enterprise Value, published by the Risk Management Association and is now in its 2nd edition.
You’ll graduate with a strong and sustainable working knowledge of operational and third party risk management and a “Certified Third Party Risk Management | C3PRMP” professional designation.
What You Will Learn
C3PRMP
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
- 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
- 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
Request a course curriculum guide, see the end of the page.
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.
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.
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.
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.
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.
FAQ
Frequently Asked Questions
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Professional Competence
C3PRMP is a practical education in third party risk management to helps professional build or increase their knowledge, expertise, and capabilities in third party risk management.
Our graduates exit the learning experience with a strong working knowledge of third party risk management that can be put to use immediately. Our content introduces participants to globally accepted risk management frameworks, and we teach best practices in strengthening skills and knowledge to identify, assess, manage and control third party risks across the extended enterprise.
Professionally, our graduates learn how to strengthen operational resilience and help protect their organization from third party risks that can impact its reputation, customers, shareholders, and compliance with laws and regulations. -
Why choose C3PRMP?
The certified Third Party Risk Management Professional (C3PRMP) program is the “gold standard” in terms of relevance, scope, and content.
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What Does QAS Self-Paced Mean?
C3PRMP is a time investment of ~45 hours, typically completed over 10 weeks. In our Participant Handbook, we recommend a Coursework plan, but you can set your own pace. You must finish all coursework within 4 months from the date of registration.
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What Can I Expect?
The content is at an intermediate level, and is aligned with NASBA’s Business Mgmt. & Organization, Finance, Information Technology, and Specialized Knowledge Field of Study. Content is comprised of on-demand videos and mandatory reading, which you can access in our C3PRMP Resource Library. You may choose to spend more time in areas that are of particular interest or those that are less familiar. The Review Questions at the end of each Module reinforce learning, and you will author a short essay at the end of the program to demonstrate comprehension and how to apply some element(s) of what you’ve learned. CPE program stream participants will also complete two Qualifying Assessments, and all participants will submit a short, original essay.
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How can I earn 66 CPE or 20 CPD Credits?
Self-identifying members of the Global Association of Risk Professionals earn 20 CPD credits, GARP’s highest award for any program. Self-identifying participants are eligible to earn 66 CPE credits upon completing all program requirements, the highest award to date. This includes completing all requirements in our Core program stream and successfully completing two Qualifying Assessments. CPE credit participants will be served by our NASBA-certified delivery partner, SIG University.
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Is C3PRMP still for me if I don’t need CPE credits?
Yes! C3PRMP is the global “gold standard” for third party risk management designations, and there is a lot to learn. Investing in yourself and C3PRMP certification demonstrates that you and your organization is serious about managing third party risks and relationship. C3PRMP will enhance your expertise and sharpen your skills in the “hottest” risk topic that is affecting organizations around the world today. And your professional designations follow you in your career, wherever you go. If you work in a regulated entity, remember that a professional designation is a Control. C3PRMP provides concrete evidence that key personnel have the requisite commitment and knowledge.
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Are there any prerequisites required to enroll in C3PRMP program?
Yes. You must have one of the following qualifications:
- Bachelor’s degree
- 3 years of management experience
- 5+ years of general business experience -
Are there any exams?
NASBA Standards require participants to successfully complete our Qualifying Assessments, multiple choice “exams”, to qualify for CPE credits. The first Qualifying Assessment takes place after completing all coursework for Modules 1 to 7 inclusive. The second Qualifying Assessment takes place after completing all coursework in Modules 8 to 15. Unlike the Review Questions that present detailed explanations and the source for correct and incorrect responses, immediately upon completion you will receive a grade but no further details. Good news…. • You can complete the Qualifying Assessment as many times as needed to achieve a 70% passing grade • All content from the Qualifying Assessments is sourced from the videos and mandatory reading. Qualifying Assessments are designed Consider preparing for a Qualifying Assessment by spending some quality time with the Review Questions found at the end of each Module. Ensure that you understand the meaning of the response options for each question by intentionally selecting correct and incorrect responses. You will be presented with an explanation for each response option and its source.
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Who needs to submit an essay?
All participants will author an original essay that demonstrates an understanding of one or more elements of what was covered, and how it applies in a real-life situation. The minimum length is 800 words. Essays are subject to a plagiarism check and may result in the participant being expelled, without a refund.
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Tell me about the Review Questions
After you complete each Module, you will consolidate your understanding of the content and reinforce your learning by successfully responding to the Review Questions before moving to the next Module.
All C3PRMP participants must achieve a minimum passing grade of 80% on each set of Review Questions. You can respond as many times as necessary until you pass -
What happens after I submit my essay?
Your essay will be read by Faculty, and you will receive their feedback. With your permission, we may ask you to feature your essay in Third Party Risk Institute’s Newsletter, with or without attribution accordingly to your wishes.
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What happens when I complete all C3PRMP program requirements?
When you have completed all program requirements, you join the growing ranks of Certified Third Party Risk Management Professionals and earn the right to use the C3PRMP professional designation in your electronic signature, on social media, and on your CV. Within two weeks of completing all requirements, you will receive your C3PRMP diploma and C3PRMP digital badge. C3PRMP graduates receive a one-year complimentary membership in Third Party Risk Institute Ltd. or a one-year extension. Membership gives you access to our Resource Library, standing invitation to our “Ask the Expert” live stream video series, Discussion Forum, Newsletter, and preferred pricing on other services.
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How long is my C3RPMP certification valid?
C3PRMP certification is valid for three years, then you must recertify.
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 Student Profile that is required for each participant prior to getting started in C3PRMP
- 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 Student Profile that is required for each participant prior to getting started in C3PRMP
CPE Credits
Self-identifying participants seeking to earn 66 CPE credits for successfully completing the “Certified Third Party Risk Management Professional” program (C3PRMP) will be served by our delivery partner SIG University after registration in the programme with Third Party Risk Institute Ltd. SIG University 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 website: www.nasbaregistry.org
C3PRMP content is aligned with the following NASBA Fields of Study:
– Business Management and Organization
– Finance
– Information Technology
– Specialized Knowledge
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.
Students are notified of their grade immediately after completing a Qualifying Assessment.
C3PRMP content is aligned with the following NASBA Fields of Study:
– Business Management and Organization
– Finance
– Information Technology
– Specialized Knowledge
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.
Students are notified of their grade immediately after completing a Qualifying Assessment.
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
* If you are pursuing CPE credits, you will be served by our NASBA-accredited learning partner SIG University after completing the process of registration with Third Party Risk Institute Ltd..
* Certified Third Party Risk Management Professional (C3PRMP) is registered by our delivery partner SIG University 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 website: www.nasbaregistry.org
Pricing options
All our members get a special discount on all the courses
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Get started now
$100.00
Regular price
Special pricing is available for
Participants from the UN’s list of special countries
- A team of 5+ gets a 20% discount on the enrolment price.
- Special pricing is available for: Teams of 5 or more, and Participants from the UN’s list of special countries, including India, African nations, and more. Underdeveloped Countries 2022 (worldpopulationreview.com)
- Ask us @ [email protected]
- Special pricing is available for: Teams of 5 or more, and Participants from the UN’s list of special countries, including India, African nations, and more. Underdeveloped Countries 2022 (worldpopulationreview.com)
- Ask us @ [email protected]
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