Shared Assessments Third Party Risk Management Certification
The Certified Third Party Risk Assessor (CTPRA) designation from the Shared Assessments Program validates knowledge within specific IT risk control domains that an individual will need in order to perform a thorough IT risk evaluation of a third party during an assessment:
- Organizational safety and security, including policy administration, organizational structure and human resource security.
- Physical and environmental security of data environment.
- Network security, including application, server and endpoint management.
Who is it for?
The CTPRA is designed for third party risk, procurement and compliance professionals, including:
- IT Auditors/Assessors
- Risk Managers (Vendor & Ops)
- Security and Risk Analysts
- Management Consultants
- IS Auditors/Professionals
- Business resilience
- IT Vendor Management
“The primary benefit of the certifications is the associated body of knowledge. We use it quite often. It has held up as the golden standard in the TPRM profession even as the profession has expanded significantly in the past few years.”
—Bill Deller, Manager, IT Risk Advisory Services Schneider Downs
CTPRA Impact on Risk Management Careers
In a recent poll of CTPRA holders, we discovered the following:
CTPRA holders report training improved their ability to fulfill their job duties.
CTPRA certification helped them land a new job or earn a promotion.
CTPRA’s current annual compensation ranged from $90,000 to $120,000
COST: $975 Member | $1,295 Non-Member | Annual Maintenance Fee $100
CTPRA classes consist of two 5-hours sessions taught via web conference. Private classes and volume discounts are available. If a class does not have a minimum number of registrants, the class may be cancelled and registrants will be contacted about moving to a future session.
CTPRA Frequently Asked Questions
What is a typical time commitment for the CTPRA Class?
The Shared Assessments CTPRA class is a live, instructor-led, two-day event (5 hours per day). A typical class timeline is as follows:
(Day 1) Time: 10:00am-3:00pm ET unless otherwise noted
(Day 2) Time: 10:00am-3:00pm ET unless otherwise noted
Completion of both days of this class will earn 8 CPEs. We do not issue CPEs for partial attendance. The exam cannot be taken without class attendance for both days. Class attendance is verified by teleconference records and staff instructors. All upcoming classes are listed in the “Upcoming Classes” section above.
What topics are covered within the CTPRA class?
The CTPRA Certification Job Practice Guide identifies the domains, topics, skills, competencies, and job roles that represent the type of work performed in the role of a Third Party Risk Assessor who plans, performs, and oversees Third Party assessments across multiple risk domains. The structure of the Job Practice Guide is based on the inputs of Shared Assessments Program members, recognized best practices, and the education and tools that drive Third Party risk assurance.
I have a group of people who want to become certified. Does the program offer volume discounts?
Yes! If you have 10 or more people who want to take the class, we offer a 10% discount.
Where can I find upcoming courses?
All upcoming courses are listed in the “Upcoming Classes” section above.
Does the program offer private classes for organizations?
The Shared Assessments Program can accommodate private classes for organizations willing to certify 10 or more people. Please contact our Education team at Education@sharedassessments.org for more information.
What is included in the registration cost?
The CTPRA registration cost includes the two-day instructor-led class, the exam, and access to online reference and study materials. Shared Assessments does not issue downloadable PDFs or hard copies of our study materials.
Can I share my study materials?
Distribution of the materials to any party other than the person registered for the class is strictly prohibited. Sharing materials without permission by Shared Assessments may result in the removal from class registration or discontinuation of the certification designation attained.
Does my professional experience qualify for the CTPRA certification?
Individuals interested in obtaining the Shared Assessments CTPRA certification are required to hold a minimum of five (5) years of experience as an IT risk management professional. Listed below are examples of the type of experience that qualifies:
- Third party risk management/assessment
- Audit and/or compliance assessment
- Experience with determining whether organizations are executing risk controls against specific standards
- Risk control areas assessed as part of the third party assessment process
- Knowledge in the importance of risk controls and determining if controls are adequate
What is the certification process?
Individuals who are interested in obtaining the Shared Assessments CTPRA certification must complete the following process:
- Attend a CTPRA class
- Successfully pass the CTPRA examination
- Submit the CTPRA application which includes a Proof of Experience form detailing your experience as an IT risk management professional
What is in the application form?
The application form is provided to you upon passing the exam. You must fill out your relevant work experience and your current manager must sign the CTPRA Proof of Experience form. By signing the Proof of Experience form, your manager verifies that your work experience is accurate. For those who are self-employed or unemployed, Shared Assessments will make a determination based on a review of documentation provided to show the necessary experience. We may ask for additional documentation as part of the approval process.
The CTPRA certification is awarded to those who complete the three steps indicated above. Individuals who pass the exam but do not meet the prerequisite five years of experience as an IT risk management professional will be awarded the Associate CTPRA designation. The Associate CTPRA can be changed to a full CTPRA designation if the certification is kept active and the five (5) year professional experience requirement is achieved.
How long do I have to send in my application after I take the exam?
We accept applications up to one year after passing the exam. After one year, you are required to retake the class and the exam. If you would like to retake the class and the exam, we will offer it at a 50% discount.
How long does it take for my application to be approved?
Once received, applications are typically processed within one month of receipt. You will be notified of your designation via email from one of our Education team members.
Shared Assessments is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sonsors through its website: www.nasbaregistry.org
What is the CTPRA Exam Process?
Once the class is completed, you will be sent details on how to schedule your exam with Examity, our testing vendor. The CTPRA examination is a time-based, closed book exam, completed within 3 hours. The exam is taken online from your computer and remote proctoring is required to monitor examination compliance. The CTPRA examination contains 125 questions worth up to 140 points. Examination questions include testing the domain knowledge and application of knowledge using Third Party risk situations. Multiple choice questions are presented using Third Party risk management scenarios from the Outsourcer or the Service Provider point of view. You must achieve a score of 70% or higher to pass the exam. Upon completion of the exam, a survey may be presented to provide feedback on the method of instruction, curriculum, materials, or examination content.
We recommend scheduling your exam at least 24 hours in advance of your preferred exam date/time to avoid a nominal $5.00 “on demand” testing fee from the testing company. Any cancellation or modification within 24 hours of an existing exam appointment will result in a $5.00 on-demand fee.
If you need reasonable accommodations to take the exam, please contact us at email@example.com.
When can I take the exam?
The exam can be taken during any time zone globally. You have 15 weeks from the start date of the class to take the exam. If you do not take the exam within 15 weeks, you may not be approved for certification and may need to retake the class at your own expense.
What is a typical time commitment for the CTPRA Exam?
After completing the class, candidates will have a 15-week window to schedule and take their exam with our testing proctor company, Examity. Approximately 1 day prior to the first day of class, you will receive an email with instructions for scheduling the exam. We estimate that, on average, candidates will need to spend a total of 30 hours preparing for the exam. Exam results are sent via email and are usually sent out within two weeks of taking the exam.
Am I able to take only the exam and not the class?
To take the CTPRA examination you must attend the entire CTPRA class.
What if I do not pass the exam the first time? Can I retake it?
Yes. If you do not pass the exam, you may take it again. There is a $150 fee to retake the exam. You may re-take the exam up to three (3) times. After the third attempt, you must re-take the class at your own expense. Individuals who wish to retake the class will receive a 50% discount.
How long does it take to get exam results?
Exam results are sent out via email within two weeks of the exam.
Maintaining A Certification
How do I maintain my certification?
To retain your certification, CTPRA holders must comply with the following requirements:
- Successfully earn the required 60 CPE credits per three-year certification term (we recommend earning 20 CPEs per year)
- Remain current with payments for the annual maintenance fee
- Successfully abide by the Shared Assessments Code of Ethics
Please note that it is your responsibility to maintain your certification. Shared Assessments is not responsible for notifying you of upcoming renewals.
How do I receive CPEs from attending Shared Assessments events?
If you attend a Shared Assessments event that is issuing CPEs, you must attend the entire event. Shared Assessments does not issue CPE credit for partial attendance. If our web conferencing or manual attendance records indicate that you attended an event, you will be automatically issued a CPE within 30 days of the event. You will receive an email from our automated system with instructions to download the digital CPE certificate from your account on our Education and Events portal by logging in using the same email address you used to attend the event. Please note that sometimes the automated email can end up in your spam or junk folder.
Does Shared Assessments accept CPEs from other organizations to meet CPE requirements?
Yes. CPEs issued from other organizations are accepted towards your CPE requirements. See our Qualifying Continuing Professional Education requirements for more information.
What is the annual maintenance fee?
Certification holders must pay an annual maintenance fee of US $100.00 to maintain their certification. This amount is subject to change.
How do I pay my annual maintenance fee?
We are working on accepting payment through our portal, but it is not quite ready for launch. In the meantime, email us at firstname.lastname@example.org and we will send you a link for payment.
How do I move from Associate to full Certification status?
If you are in good standing with an Associate certification and meet your five-year experience requirement, the process is simple. Upon request, we will send you the necessary form. Similar to your initial application, you’ll need to enter in your work experience since receiving your Associate Certification and have your current manager sign a verification form. For more information, please contact email@example.com to request information on making the transition from associate to full designation.
What if I let my certification lapse and want to reinstate it?
The process for reinstating your lapsed certification will depend on how long your certification has been lapsed. If it has been under 2 years, we will reinstate your certification upon receiving all outstanding fees and/or proof of required CPEs. If it has been over 2 years, you will be required to retake the class and the exam at your own expense.
Who do I contact if I have additional questions?
If you have additional questions, please contact us by calling Shared Assessments at 505-466-6434 or emailing us at firstname.lastname@example.org.