Shared Assessments Third Party Risk Management Certification
The CTPRP designation from the Shared Assessments Program validates expertise, providing professional credibility, recognition, and marketability in third party risk management (TPRM). CTPRP holders attain thorough knowledge of risk management concepts and principles, including:
- Fundamentals of vendor risk assessment, monitoring and management
- Managing the vendor lifecycle
- Vendor risk identiﬁcation and rating
Who is it for?
The CTPRP is designed for third party risk, procurement and compliance professionals, including:
- Business Vendor Managers
- Risk Managers (Vendor & Ops)
- Vendor IT Security Managers
- IT Auditors/Assessors
- IS Auditors/Professionals
- Facilities Management
- Business resilience
- IT Vendor Management
“I was promoted to a director, based on how I’ve applied the CTPRP training. It’s really changed the direction of my career. Inside the company, I’m a primary advocate for analyzing third parties. Outside the company, I’ve been speaking about third-party risk at information security conferences.”
—Dan Browder, Director of Information Security Risk, First National Bank of Omaha
CTPRP Impact on Risk Management Careers
In a recent poll of CTPRP holders, we discovered the following:
CTPRP holders report certification helped them land a new job or earn a promotion
CTPRP holders current annual compensation ranged from $90,000 to $120,000
COST: $975 Member | $1,295 Non-Member | Annual Maintenance Fee $100
CTPRP Instructor-led classes consist of two 5-hours sessions taught via web conference. Online On-demand class takes approximately 8 -10 hours to complete. Private, instructor-led classes and volume discounts are available. If an instructor-led 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.
CTPRP Frequently Asked Questions
What topics are covered within the CTPRP class?
The CTPRP Certification Job Practice Guide explains the topics that will be covered in the class. It identifies the domains, topics, skills, competencies, and job role accountabilities that represent the type of work performed by an individual who supports the development, implementation, maintenance, and training of a third party risk management program within their organization. The class is based on the inputs of Shared Assessments Program members, recognized best practices, and the education and tools that drive Third Party risk assurance.
What is a typical time commitment for the CTPRP Class and Exam?
The Shared Assessments CTPRP 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.
CTPRP ONLINE ON-DEMAND SELF-STUDY
The Online On-Demand option covers the same curriculum as the traditional class but uses an online learning platform to deliver the materials. The self-study class is available to do at your own pace. It typically takes between 8 to 10 hours. The entire class must be completed before being eligible to take the CTPRP Certification exam.
IMPORTANT: A MESSAGE ABOUT CPEs: Approval to issue CPEs for online on-demand self-study is currently pending with the NASBA. Until approval is received, we are unable to issue CPEs to anyone who takes the online on-demand class. If receiving CPE credit is important to you, please consider taking the instructor-led class. We are authorized to issue CPEs for attending all instructor-led classes.
Where can I find upcoming classes?
All upcoming classes are listed in the “Upcoming Classes” section above. We also offer an Online On-Demand option which is a self-study class that can be taken anytime at your own pace. To learn more about the online on-demand class go to https://sharedassessments.org/on-demand-ctprp/.
I have a group of people who want to become certified. Does the program offer volume discounts?
Yes! If you have 5 or more people who want to take the class (either self-study or instructor-led), we offer a 10% discount.
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 CTPRP registration cost includes the two-day instructor-led or self-study class, the exam, and access to online reference and study materials. Shared Assessments does not issue PDFs or hard copies of these documents.
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 CTPRP certification?
Individuals interested in obtaining the Shared Assessments CTPRP certification are required to hold a minimum of five years of experience as a risk management professional. Listed below is an example of the type of experience that qualifies:
- Third party risk management/assessment (either generally or IT-specific)
- Audit and/or compliance
- Experience with determining whether organizations are executing risk controls against specific standards
- Risk control areas assessed as part of the third party assessment process or Business Continuity Planning (BCP), access control, privacy, etc.
- 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 CTPRP certification must complete the following process:
- Attend a scheduled CTPRP class
- Successfully pass the CTPRP examination
- Submit the CTPRP application which includes a Proof of Experience form detailing your experience as a 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 CTPRP 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 CTPRP 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 a risk management professional will be awarded the Associate CTPRP designation. The Associate CTPRP can be changed to a full CTPRP 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 CTPRP Exam Process?
Once the class is completed, you will be sent details on how to schedule your exam with Examity, our testing vendor. The CTPRP 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 CTPRP 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. A score of 70% or higher must be achieved 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.
Am I able to take only the exam and not the class?
To take the CTPRP examination you must attend the entire CTPRP class.
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 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 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, CTPRP holders must comply with the following requirements:
- 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 and renewal fees
- Successfully abide by the Shared Assessments Code of Ethics
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 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.
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. Like 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.