What is “third-party risk management”?
Third-Party Risk Management – also known as TPRM or 3PRM – involves identifying, assessing, and controlling the various risks that can develop over the lifecycle of your relationships with third parties. Third parties include suppliers, vendors, providers, partners, and other affiliate entities that engage with your business.
Potential risks within this ecosystem are numerous and can be reputational, strategic, operational, or economical in nature. One of the more specific risks addressed in this program that impacts nearly every business is cybersecurity risk.
Digital transformation has evolved the supply chain and its threat landscape. For enterprises large and small, your third-party ecosystem can be a complex web. The overall security of the enterprise is only as strong as the weakest link in your supply chain, which is why understanding how to manage third-party risk must be prioritized.
Meet the Certification Author
Linda Tuck Chapman, a leading expert in third-party risk and relationship management, will teach you best and emerging practices in third-party risk management. After 10 weeks, you will graduate with a strong and sustainable working knowledge of operational and third-party risk management.
Linda Tuck Chapman
CEO, Third Party Risk Institute, Ltd. & President, Ontala Performance
What will I learn in the C3PRMP program?
Created in partnership with Third Party Risk Institute, the C3PRMP program covers best and emerging practices in third-party risk management. The online, video-based program was developed by Linda Tuck Chapman, a renowned expert in third-party risk and relationship management. It is recognized as the global “gold standard” for risk and vendor management professionals and is registered with NASBA and GARP as an approved sponsor of continuing education.
The content is sourced from Linda’s book, “Third-Party Risk Management: Driving Enterprise Value” (published by the Risk Management Association). The book is required reading for the program and must be purchased separately.
The program includes global best practice frameworks and draws from Linda’s experience and expertise using real-life examples.
Who should take the C3PRMP program?
The C3PRMP program is applicable to so many roles in sourcing, outsourcing, procurement, vendor management, third-party risk management, and related fields. If you work with third parties in any capacity, then this program is for you. And it’s not just for practitioners, it’s also for the providers who serve them.
Anyone who is serious about investing in their team and themselves, or expanding their career choices, benefits from the C3PRMP certification and learning with other committed professionals from around the world.
Some professions that would benefit from the program are listed below.
| – Business Continuity Management Professionals – Supply Chain Professionals – Sourcing and Procurement Professionals – Certified Public Accountants (CPA) – Compliance/Legal Professionals – Financial Risk Managers (FRM) | – Information Security Risk Analysts – Operational or Enterprise Risk Management Professionals – Vendor Relationship Management Professionals – Supplier Risk Managers – Third-Party Risk Professionals – Vendor Relationship Managers (VRM) |
View a more complete list of professions featured in this article.
How is the C3PRMP program structured?
The C3PRMP program is a 10-week video-based learning journey that takes approximately 3-6 hours per week to complete.
Each week, you will:
- Complete weekly module assignments
- Take quizzes after each lesson to assess your retention
- Engage in a faculty-led asynchronous discussion forum with peers in your field across industries
You will also complete a final short essay on the topics covered in the program. This combination of elements creates a holistic learning experience for our students.
For CPAs and equivalent designations worldwide, graduates will take a mid-term and final exam to earn 66 Continuing Professional Education (CPE) credits from NASBA. This is one of the highest numbers of CPE credits ever awarded by NASBA for a continuing professional education program.
Certified Third Party Risk Management Professional (C3PRMP) Learning Journey
WEEK 1
Module 1: Introduction to Third Party Risk and Relationship Management
WEEK 2
Module 2: The Big Picture
Module 3: Building a Strong Risk Culture
WEEK 3
Module 4: Criticality and Third Party Risk Drivers
Module 5: Lifecycle Management
WEEK 4
Module 6: Cyber and Information Security and Privacy
Module 7: Business Continuity Risk
WEEK 5
CPE Track Students: Midterm Exam
Non-CPE Track Students: Catch-Up Week
WEEK 6
Module 8: Financial Viability Risk
Module 9: Reputation Risk
WEEK 7
Module 10: Technology Risk
Module 11: Building an Effective Control Environment
WEEK 8
Module 12: Innovation Risk
Module 13: Building an Effective Third Party Relationship Management Framework
WEEK 9
Module 14: Effective Monitoring for Critical Third Party Relationships
Module 15: Governance and Oversight
WEEK 10
CPE Track Students: Final Exam
What can I expect after completing this program?
In addition to the knowledge, skills and tools gained, those who have completed the C3PRMP program have loved the learning experience provided and can immediately apply what they learned. All graduates of the C3PRMP program are issued a digital badge to include on their CV and LinkedIn profile.
Graduates of the C3PRMP program are invited to join the SIG University Alumni and Faculty private LinkedIn group to stay connected with peers and faculty.
Additionally, SIG University graduates receive 10% off additional certifications!
Professional Partnerships & Continuing Education Associations
SIG University’s C3PRMP program has partnered with or been approved as a sponsor of continuing education by the following industry organizations:
Sourcing Industry Group 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: NASBAregistry.org. Students who complete the CPE-track of C3PRMP can earn 66 CPE credits.
- The Global Association of Risk Professionals (GARP) will award 20 CPD credits to students self-identifying as GARP members upon successful completion of the program.
- In partnership with SIG University, Third Party Risk Institute Ltd. inspires organizations and professionals to invest in world-class third-party risk management, getting and staying on top of the complexities of an ever-changing threat landscape, protecting their customers, organization, and shareholders from harm.
Certificate & Digital Badge
All graduates of the C3PRMP program are issued a digital badge and a certificate of completion to include on their LinkedIn profile & CV.
