Shared Assessments Third-Party Risk Management Certification
The Certified Third Party Risk Assessor (CTPRA) designation is a professional credential that validates expertise, decision making and proficiency in third-party risk and controls evaluation. The program includes the processes for identifying, quantifying, and mitigating third-party risk within an organization’s TPRM program. The program structure emphasizes on the controls evaluation process within specific risk domains to conduct comprehensive governance, operational risk, IT, and cyber-risk third party evaluations using distinct assessment techniques.
12 CPEs can be earned for completing the course.
Who is it for?
The CTPRA is designed for third party risk, information security, cyber-risk, audit, information technology, and Governance, Risk, Compliance (GRC) professionals that are involved in the planning, scoping, and conducting the evaluation of a third party’s control environment, including:
- Cyber-Security Risk Auditors/Assessors
- Sr. Governance, Risk, and Compliance Analysts
- Governance, Risk, and Compliance Managers
- Sr. Operational Risk Analysts
- Sr. Third Party Risk Analysts
- Security Engineering Analysts
- Cyber-Security Risk Analysts (M&A)
- Enterprise Risk Managers
- Sr. IS Auditors
- Internal Audit Managers
- IT Third Party Relationship Managers
“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 $150,000+
Online Instructor-Led $1,195 Member | $1,495 Non-Member
In Person Instructor-Led $1,345 Member | $1,645 Non-Member
CTPRA classes consist of two 5-hour sessions taught via web conference. Eligible for 12 Shared Assessments Continuing Professional Education (CPE) credits.
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.
Annual Maintenance Fee $100
Fort Lauderdale, FL
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 10 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?
I have a group of people who want to become certified. Does the program offer volume discounts?
Yes! Please email the Shared Assessments Education team, firstname.lastname@example.org, for more information.
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 15 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, examination, access to online reference and study materials, and a digital credential badge once the certification is successfully earned.
Note: 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.
What if I need to adjust or move my existing registration to a different date?
There is a $75 administrative fee to adjust or modify existing class registrations. Please contact the Shared Assessments Education team, email@example.com, for assistance.
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 required for the Application?
The application form is provided to you upon passing the exam. You must fill out your relevant work experience and provide the name and contact information for a person who can verify your employment experience. This is usually a current manager. 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. In lieu of work experience, an applicant can receive up to a year of work experience credit if they have a bachelor’s or master’s degree in information security or information technology from an accredited university. An additional year of work experience may be waived if the applicant holds an active IT or IS certification (i.e., CISA, CISSP, CIPP, CIPM).
The CTPRA certification is awarded to those who complete the three steps indicated above. An individual who passes the exam but does not meet the prerequisite of five years of experience as a risk management professional will be awarded the Associate CTPRA designation. The Associate CTPRA can be changed to a full CTPRA designation at no additional cost 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.
What do I receive after my application is accepted?
Once an individual’s application is approved and they have earned the CTPRA certification, a digital credential badge is awarded to showcase the accomplishment.
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 firstname.lastname@example.org.
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?
You will receive provisional results immediately after taking the exam pending review and approval by the exam proctors and Shared Assessments. Your official results and next steps will be sent to you via email within two weeks of completing 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 email@example.com 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 firstname.lastname@example.org 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 email@example.com.