Shared Assessments Third Party Risk Management Certificate: The Third Party Risk Fundamentals

Built from a need determined by our members, the Third Party Risk Management Fundamentals is a training course that teaches the foundation of vendor risk management including:

  • Terminology and drivers for third party risk
  • Core structures of a third party risk management program
  • Basics of risk control objectives, risk statements, and types of controls
  • Components in managing assessments

Who is it for?

Fundamentals is an introductory course designed for risk, information security, privacy, procurement or compliance functions, including:

  • Employees new to third party risk (onboarding)
  • Employees who partner with third party risk groups
  • Any stakeholder who wants to enhance their third party risk knowledge

Details and Registration

This self-paced training consists of 4 sections. Each section ends with a short knowledge check that must be completed before moving to the next section. A final quiz tests knowledge learned throughout the course. The approximate duration of this training is 4 hours. You will receive a Certification of Completion within 24 hours of completing the course. 

Member Price:  $399 | Non-Member Price:  $499

IMPORTANT:  Approval to issue CPEs for self-study is currently pending with the NASBA. Until we receive approval, we are unable to issue CPEs to anyone that completes the training.

TPRM Fundamentals Frequently Asked Questions

What topics are covered in the class?

The TPRM Fundamentals training includes four training course modules and a total of eight distinct lessons. A case study is presented in each module to summarize key information and applying the acquired knowledge to on-the-job third party risk situations using review questions or knowledge checks.

Who will benefit from taking this class?

This course is a good fit for individuals who are new to third party risk management or are newly assigned to third party risk responsibilities. The class is also appropriate for individuals who may work within a TPRM program on tasks/activities but may not be accountable for the overall structure of the program.

How can management in a company leverage this class?

Organizations that manage and maintain TPRM programs may want to consider utilizing this class as an onboarding training program to employees new to risk, information security/privacy, procurement, or compliance functions. The class can also be used to educate stakeholders want to enhance their knowledge of TPRM and factors involved in managing third party risk.

What is included with registration?

The TPRM Fundamentals registration cost includes the self-study online class, review questions, case study, quiz, and downloadable access to reference and job aid materials. 

How is the training accessed?

The training is accessed via an online education management system. To register for and take the class you must either log into your existing Education portal account or set up an account in the system. To set up an account you must provide first name, last name, job title, organization name, and email address. Once the training is purchased online, it can be accessed immediately through the same account.

What if I do not want to pay by credit card - can I be invoiced?

Yes. If you wish to use an alternative means of payment other than credit card, please email us with your request at education@sharedassessments.org.

What are the technical/ minimum computer requirements I need to take the training?

The platforms used are both lightweight and efficient. Any modern-day computer regardless of platform will be able to access our platforms without issue. We do recommend a screen resolution of at least 1080P (1920×1080) and at least a 10mb internet connection speed.

Do I receive a professional designation with this class?

No. TPRM Fundamentals is a certificate program and reflects completion of a training or education program that accomplishes specific intended learning outcomes. Individuals who complete the training receive a certificate of course completion but do not receive a professional credential.

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

Are there ongoing CPE maintenance requirements?

No. TPRM Fundamentals training has no maintenance, renewal, or ongoing CPE requirements.

Are there any experience or prerequisites or pre-work needed before taking the class?

No. This training is designed for those individuals who have little or no third party risk experience. There is no required experience level, prerequisite knowledge, or pre-work needed prior to taking the training. 

What is the format of the quiz?

The TPRM Fundamentals quiz contains 25 multiple choice questions that cover 75% of the learning objectives of the curriculum. Questions include testing of knowledge acquired in the class using Third Party risk situations. A score of 70% or higher must be achieved to pass the quiz and complete the training

Does completing TPRM Fundamentals give me a Shared Assessments membership?

No. Completing the course does not qualify you as a member of Shared Assessments. Your current employer must be an active member of Shared Assessments for you to participate in Member-only events and activities such as committee meetings and monthly Member Forum Calls. Shared Assessments does offer CPE-earning activities for non-members such as our annual Summit, webinars, workshops, and training. To learn more about membership for your organization and non-member CPE-earning events, visit our website.

Where can I access my CPEs?

All CPEs earned by attending Shared Assessments events or participating in Shared Assessments member-related meetings can be found and downloaded from your account in the Shared Assessments Education and Events portal.

How are CPEs calculated?

One CPE hour is earned for each fifty (50) minutes of active participation (excluding lunches and breaks) for qualifying educational activities and meetings. CPE calculations for online self-study training allocate CPEs using either word count or pilot test duration metrics based on the Statement on Standards for Continuing Professional Education (CPE) Programs.

How will I receive the Certificate?

A Certificate of Completion will be emailed to the address associated with your account and available for download from your account within 24 hours of completing the course. If you do not receive the certificate within 24 hours after completing the training, please check your spam or junk folder. If you did not receive it, contact us at education@sharedassessments.org or call us during normal business hours at 505-466-6434.