Managing risks arising from Third Parties


This course explores the third-party environment and associated risks, including assessing, mitigating, and monitoring these risks, with elements of data governance and cybersecurity.

Participants will learn about internal controls over processes related to third parties, understand the third line of defense in third-party risk management (TPRM), and grasp cybersecurity-related risks in TPRM. Additionally, learn about third-party data governance and ownership.


Key objectives:
  • Understand the Third-party environment and the risks originating from it
  • Learn about internal controls over processes related to third parties
  • Learn how to assess, mitigate and monitor the third-party risks on an ongoing basis

Topics to be covered:
  • Internal controls over processes related to third parties
  • How third line of defense is involved in a typical third-party risk management (TPRM) process
  • Methodology to take it to the business
  • Cybersecurity related risks in the TPRM

Moreover, the course will feature interactive group exercises designed to provide participants with a practical taste of what this course has to offer. Participants will receive CPE credits for the course, as per the learning hours.


Target audience: Procurement Team, Risk Management Function, Compliance Team, Sustainability Team, Internal Audit Function
Date: March 11, 2025
Time: 10 A.M. to 2 P.M. (CET)
Duration: 4 hours
Price: $ 750

Presenters

Jochem Groenenboom
Jochem Groenenboom
Senior Manager, Risk Consulting
[email protected]

Jochem is a risk profession with experience of the various practical aspects of Third Party Risk Management (TPRM). With extensive hands-on experience in governance, processes, risks, and controls over third parties such as dealers, joint ventures and IT suppliers. He will bring practical knowledge to this TPRM course from an internal audit, internal control, risk management and governance perspective. His expertise includes covering third party risks in the audit plan development, detailing individual audit plans for third party audit assignments based on experience of third party governance frameworks, effective risk management processes, and controls that ensure compliance and value to organizations. Jochem will help you with the tools and strategies necessary to evaluate and manage third-party risks effectively.


Ylva Bergström
Ylva Bergström
Partner, Risk Consulting
[email protected]

Ylva Bergström is a highly skilled professional in the field of risk management. With extensive experience in managing and mitigating risks, she brings a wealth of knowledge and practical insights to her role as a TPRM instructor. Her expertise spans various aspects of TPRM, including risk assessment, due diligence, monitoring, and compliance across risk areas and third-party types. Ylva is known for her ability to translate complex risk management concepts into actionable strategies. Through her instruction, she aims to equip professionals with the skills and tools necessary to effectively manage third-party risks, optimized risk management procedures and ensure organizational resilience.