Third‑party ecosystems continue to grow in complexity, increasing regulatory scrutiny and operational risk exposure for organizations across industries. As a result, establishing effective governance structures and robust controls has become a critical success factor for managing third‑party risk in a sustainable and transparent manner.
This webcast provides a structured and practical view on TPRM Governance and Controls, focusing on how organizations can establish clear ownership, enable effective oversight, and implement robust control mechanisms across the entire third‑party lifecycle. We will explore how governance frameworks translate into operating models and day‑to‑day controls, and why alignment between governance, operating model, and control execution is essential for control effectiveness.
Participants will gain insights into leading governance frameworks, understand how policies are operationalized through controls, and learn how to design, implement, and monitor TPRM controls in a risk‑based and efficient way. The session also addresses key considerations such as organizational setup and the strategic decision between in‑house, external, or hybrid models to support governance and control objectives.
Learning objectives:
- Analyze the importance of effective governance in TPRM and how clear ownership, accountability, and oversight manage regulatory pressure and increasing third‑party risk.
- Explain how TPRM governance frameworks translate into operating models and why alignment between governance structures, organizational setup, and control execution is critical for effectiveness.
- Identify key components of robust TPRM control mechanisms across the third‑party lifecycle and describe how controls support transparency, compliance, and risk mitigation.
- Outline the principles of risk‑based TPRM control design and assessment, and differentiate how controls are typically implemented and monitored in complex third‑party environments.
- Evaluate organizational and sourcing models for TPRM (in‑house, external, or hybrid) and assess their impact on governance effectiveness, control ownership, and operational resilience.
CPE credit(s): 1 CPE upon live viewing and participation. CPEs not offered on-demand.