Third Party Management by Design Workshop
Event Information
Event description
Description
This workshop aims to provide a blueprint for attendees on effective third party management in a dynamic business, regulatory, and risk environment. Attendees will learn third party management governance and process that can be applied across the organization at either an enterprise or a department level. Learning is done through lectures, collaboration with peers, and workshop tasks.
Typical Agenda:
Part 1: Third Party Management by Design
Why Third Party Management Matters
- Third Parties in Disarray: how organizations mismanage third parties
- Third Party Exposure: how mismanaged third parties expose the organization to risk
- Current drivers & trends pressuring organizations in third party management
- Different ways organizations approach third party management
- What Effective Third Party Management Achieves: third party management’s role in governance, risk management, and compliance
Part 2: Third Party Governance
Blueprint for Effective Third Party Management
- Third Party Governance Committee: bringing together the range of third party management roles and responsibilities in the organization
- Third Party Management Charter: defining a structure to govern third party relationships
- How to Develop a Third Party Management Strategic Plan
Part 3: Third Party Management Lifecycle
Managing Third Parties from Onboard to Offboarding
- Third party identification & onboarding
- Ongoing context monitoring
- Third party communications & attestations
- Third party monitoring & assessment
- Third party forms & approvals
- Third party metrics & reporting
- Third party re-evaluation and offboarding
Part 4: Third Party Management Architecture
Enabling Information & Technology Management of Third Party Relationships
- Third Party Management Information Architecture: Blueprint for Managing Third Party Content and Related Data
- Types of third party management information and how it integrates into third party processes
- Components and requirements for a third party information architecture
- Third Party Management Technology Architecture: Blueprint for Enabling Third Party Management Processes with Technology
- Kinds of third party management technologies and what best serves the organization
- Capabilities and requirements of third party management platforms
- Third Party Management Business Case: Articulating the Value of Effective Third Party Management
- Defining a business case and value of third party management platforms