Third Party Risk Management – End User Course

Course Overview:

The MetricStream Third Party Risk Management (TPRM) product enables a comprehensive process to identify, assess, mitigate, and monitor third-party risks & manage compliance. The product streamlines third-party information gathering, due diligence, onboarding, and monitoring of third-party risks, controls, and performance.

This course enables participants to understand, own and manage the application independently after the training.

Audience:

This course is intended for Project Managers, Domain Functional Experts, Solution Managers, Configurators who want setup and configure the product for specific use cases.

Learning Objectives: 

The training is focused on making trainees understand the features, process, workflows, and functionalities of the Third-Party Risk Management Product. At the end of the training and practice, trainees will have knowledge on how to perform basic setup of the TPRM product which includes knowledge on:

§     Product Functionality & Usage

o    Understand how to navigate the TPRM app

o    Understand the different roles in the TPRM app

o    Create a request to onboard a new Third Party/Service

o    Initiate the Due Diligence Process

o    Complete Due Diligence Process and Onboard Third Party

o    Terminate Onboarding Process / Offboard Third Parties

o    Monitor Third Parties

o    Capture and address Third Party Issues

o    Financial Risk Assessment using D&B integration

§     Product/Use Case Setup

o    Create due diligence questionnaires

o    Define segmentation rules

o    Define due diligence workflow

Practice & Facetime with Instructor:

Once you start the course, please reach out to MSU at [email protected] to get a practice instance allocated. Upon completion of course content and sufficient practice, reach out to your MSU instructor for your 2 hr Q&A session to clarify and address any open questions.

Certification Issued:

Participants will be issued a Course Completion Certificate on successful completion of the entire course.

Course Overview: The MetricStream Third Party Risk Management (TPRM) product enables a comprehensive process to identify, assess, mitigate, and monitor third-party risks & manage compliance. The product streamlines third-party information gat...