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.

Programme Curriculum

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.

Course Duration

5 days

Course Objectives

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

Target Audience

Risk Management Professionals
Compliance and Regulatory Officers
Procurement and Vendor Management Teams
Internal and External Auditors
Operational Risk Managers
IT Risk and Cybersecurity Specialists
Relationship and Outsourcing Managers
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.

Skills & Software Covered

Vendor Risk Assessment Third-Party Governance Compliance Management Operational Resilience

Programme Fee

Duration: 5 Days

Method: Online or Physical

Online Price: $1,000

Physical Price: $1,500

Certification: Accredited Certificate

View Available Dates 📄 Download Course Outline (PDF)

Available Sessions

Location

Month

Year

Oct 26 2026

26 Oct — 30 Oct 2026

💻 Online / Virtual session

Online $1,000