Third-Party Risk Management in Banking Training Course

Third-Party Risk Management in Banking Training Course

Introduction
In today’s highly interconnected financial ecosystem, Third-Party Risk Management (TPRM) has become a critical pillar of enterprise risk management, regulatory compliance, and operational resilience in banking. Financial institutions increasingly rely on outsourcing, fintech partnerships, cloud service providers, and vendor ecosystems, exposing them to cybersecurity threats, data breaches, regulatory penalties, and reputational risks. Third-Party Risk Management in Banking Training Course is designed to equip banking professionals with cutting-edge frameworks, risk assessment methodologies, due diligence processes, and vendor governance strategies aligned with global standards such as Basel III, ISO 31000, and regulatory expectations.

This course delivers practical insights, real-world case studies, and actionable tools to strengthen vendor lifecycle management, risk identification, monitoring, and mitigation strategies. Participants will gain hands-on expertise in risk scoring models, contract risk controls, ESG considerations, digital risk management, and third-party cybersecurity risk frameworks, ensuring robust compliance, resilience, and sustainable banking operations in an increasingly digital and outsourced environment.

Course Duration

5 days

Course Objectives

1. Understand Third-Party Risk Management frameworks and governance models
2. Identify emerging vendor risks including cyber, ESG, and digital risks
3. Apply risk-based due diligence and vendor risk assessment techniques
4. Develop vendor risk scoring and segmentation models
5. Strengthen regulatory compliance and audit readiness
6. Implement effective contract risk management and SLAs
7. Analyze outsourcing risks and concentration risk exposure
8. Enhance cybersecurity risk management for third parties
9. Establish continuous monitoring and performance evaluation systems
10. Integrate TPRM with enterprise risk management (ERM) frameworks
11. Manage crisis, disruption, and third-party failure scenarios
12. Leverage technology and automation in TPRM (RegTech, AI tools)
13. Build resilient vendor ecosystems aligned with strategic banking goals

Target Audience

1. Risk Management Professionals
2. Compliance and Regulatory Officers
3. Procurement and Vendor Management Teams
4. Internal and External Auditors
5. Operational Risk Managers
6. IT Risk and Cybersecurity Specialists
7. Relationship and Outsourcing Managers
8. Senior Banking Executives and Decision Makers

Course Modules

Module 1: Introduction to Third-Party Risk Management

• Overview of TPRM frameworks and importance
• Regulatory expectations and global standards
• Types of third-party risks in banking
• Vendor lifecycle overview
• Case Study: Vendor failure impacting banking operations

Module 2: Risk Identification and Classification

• Risk taxonomy and categorization
• Critical vs non-critical vendor segmentation
• Inherent vs residual risk analysis
• Risk mapping techniques
• Case Study: Identifying hidden risks in fintech partnerships

Module 3: Due Diligence and Vendor Selection

• Pre-engagement due diligence processes
• Financial, operational, and reputational checks
• ESG and sustainability considerations
• Screening tools and data sources
• Case Study: Poor due diligence leading to compliance breach

Module 4: Risk Assessment and Scoring Models

• Quantitative and qualitative risk assessment
• Risk scoring methodologies
• Risk heat maps and dashboards
• Third-party risk rating systems
• Case Study: Risk scoring model implementation in a bank

Module 5: Contract and SLA Risk Management

• Contractual risk clauses and controls
• Service Level Agreements (SLAs) and KPIs
• Legal and compliance considerations
• Exit and contingency planning
• Case Study: Contract loopholes causing financial loss

Module 6: Cybersecurity and IT Third-Party Risks

• Third-party cyber risk frameworks
• Data protection and privacy regulations
• Cloud and fintech risk considerations
• Cyber incident response planning
• Case Study: Third-party data breach in banking

Module 7: Monitoring, Reporting, and Performance Management

• Continuous monitoring strategies
• Vendor performance evaluation metrics
• Risk reporting dashboards and KPIs
• Early warning indicators
• Case Study: Detecting vendor performance deterioration

Module 8: Crisis Management and Risk Mitigation

• Third-party failure and contingency planning
• Business continuity and resilience strategies
• Risk mitigation techniques
• Regulatory reporting during crises
• Case Study: Managing vendor disruption during financial crisis

Training Methodology

• Interactive lectures and presentations.
• Group discussions and brainstorming sessions.
• Hands-on exercises using real-world datasets.
• Role-playing and scenario-based simulations.
• Analysis of case studies to bridge theory and practice.
• Peer-to-peer learning and networking.
• Expert-led Q&A sessions.
• Continuous feedback and personalized guidance.

Register as a group from 3 participants for a Discount

Send us an email: info@fineskilltrainingcenter.org or call +254769199797 

Certification

Upon successful completion of this training, participants will be issued with a globally- recognized certificate.

Tailor-Made Course

 We also offer tailor-made courses based on your needs.

Key Notes

a. The participant must be conversant with English.

b. Upon completion of training the participant will be issued with an Authorized Training Certificate

c. Course duration is flexible and the contents can be modified to fit any number of days.

d. The course fee includes facilitation training materials, 2 coffee breaks, buffet lunch and A Certificate upon successful completion of Training.

e. One-year post-training support Consultation and Coaching provided after the course.

f. Payment should be done at least a week before commence of the training, to Fineskill Training Center account, as indicated in the invoice so as to enable us prepare better for you.