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Third-Party Risk Management (TPRM):
Practical Deep Dive

Build on your professional experience by developing practical skills across the third-party risk management lifecycle, from due diligence and contracting to monitoring, governance, and AI vendor risk. Strengthen your ability to manage external partnerships and prepare for broader opportunities in healthcare administration, compliance, technology, procurement, and risk management.
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Business & Professional Skills
Professional Development Beginner 37 lectures 3.5 hours video Certificate English

A fully online, accredited course covering the complete third-party risk lifecycle — from vendor onboarding and due diligence through to monitoring, governance, and termination.

Last updated: 05/2026  ·  Language: English  ·  Subtitles: English

What This Course Is About

Overview

Built by expert instructors, this course tackles the topics modern risk teams are wrestling with right now — including AI vendor risk, regulatory compliance, and board-level reporting. Every module is designed for immediate, real-world application rather than theory.

It works through the full lifecycle from planning to termination, then goes deeper than most introductions: the Three Lines model for clarifying who owns what across business units, sourcing, risk functions and internal audit; the PILAR framework for assessing technology support across Process, Information, Linkages, Automation and Reporting; and how to evaluate your own processes for usability rather than just compliance.

Thirty-seven lectures and 3.5 hours of video, with a scenario module, a final exam, and a resource library including an acronym glossary. There are no requirements or prerequisites.

Skills You'll Build

What You'll Learn

  • 1 Recognise third-party risk management as a strategic business enabler that protects value and reputation — not just a compliance requirement
  • 2 Define what a third party is, and distinguish between vendors, customers, regulators, and other key business relationships
  • 3 Identify the complete lifecycle framework, from planning through termination, to manage third-party relationships systematically
  • 4 Evaluate business plans and inherent risk assessments that establish justification and surface service-level risks before vendor selection
  • 5 Identify the Three Lines model to clarify roles across business units, sourcing, risk functions, and internal audit
  • 6 Evaluate the PILAR framework — Process, Information, Linkages, Automation, and Reporting — to assess technology support
  • 7 Identify technology gaps in your current process and how closing them reduces manual work
  • 8 Evaluate your processes for usability: clear language, intuitive workflows, and systems that support business objectives
Who This Course Is For

Is This Course Right for You?

Third-party risk professionals
The "accidental" vendor risk owner
Compliance, audit & GRC teams
Procurement, sourcing & vendor management
Business leaders & decision-makers
Career pivoters into a risk role
Consultants & fractional risk leaders
Students & early-career professionals

No requirements or prerequisites. Whether you're building a programme from the ground up, strengthening an existing one, or deepening your expertise — and whether you work in financial services, banking, healthcare, technology, SaaS, insurance, critical infrastructure or retail — this course gives you the frameworks, tools, and confidence, with a certificate on completion.

Course Structure

Content Outline

Module One: The Big Picture — Why Third-Party Risk Management Matters
Module Two: The Lifecycle — From Need to Termination
Module Three: Governance Unleashed — Understanding the Structure and Framework
Module Four: Technology — Enable Success Through What We Already Know
Module Five: Future Proofing the Programme & Latest Trends
Module Six: Scenario
Module Seven: Bring It Home — From Theory to Monday Morning Action
Final Exam
Resource Library & Acronym Glossary
Certificate of Completion

Course Delivery & Certification: This course is offered through MedLabTech Academy using educational content licensed from Risk-Tide. The course content and certificate are provided by Risk-Tide, while MedLabTech Academy facilitates your enrollment and access through our learning platform.

Licensed Course Refund Notice: This course contains third-party licensed content with a per-learner licensing fee. Cancellation requests should be submitted within 2 hours of purchase. After this period, the course fee is generally non-refundable, subject to applicable consumer protection laws.