Third and Fourth Party Risks Workshop

7th & 8th March 2024
Wellington Club

“Why has third- and fourth-party risk management become such a material risk and how can we effectively and efficiently manage it?

In today’s post-COVID world, the risk of supply chain attacks, data breaches, operational resilience failures and reputational damage has heightened considerably, affecting companies of all sizes and complexities.

Session 1: Introduction to Third-Party Risk Management and Session 2: Third-Party Framework and Assurance are designed to be taken together to better enable compliance and risk managers identify, assess, and monitor third- and fourth-party risk as part of their regular assurance program.

Session 3: Governance of Third- and Fourth-Party Risk is a scenario-based workshop that strengthens third- and fourth-party risk governance practices to ensure the right questions and risk discussions are generated at executive and board forums , supported by quality data and better reporting.”

Who should attend?

Day 1: Managers, Senior Managers, Heads of – “the do-ers”
Day 2: Executives and Board

Course Details

Day 1 Session 1:

Introduction to Third-Party Risk Management

  •  definitions of third and fourth party risk
  • supplier versus non-supplier
  • identifying risk before an agreement is made
  • third and fourth party risk and operational resilience
  • regulatory expectations, accountability and liability

Time:  9am – 12pm 

Day 1 Session 2:

Third-party Risk Framework and Assurance

  • designing a fit-for-purpose framework
  • operationalising and embedding the framework through business and risk processes
  • ongoing maintenance of the framework, including exiting third parties
  • keeping taxonomy consistent i.e. fraud, cyber, privacy risks versus third-party risk

Time:  1pm – 4pm 

Price (full day): Members NZ$1,475 + GST; Non-Members NZ$1,700+GST

Day 2 Session 3:

Governance of Third-and-Fourth Party Risk

  • Business, Executive, and Board accountabilities
  • Governance structure including reporting forums
  • Indicators and metrics
  • incorporating third party risk into enterprise risk profiles and appetite

Time:  9am – 12pm 

Price(1/2 day): Members NZ$475 + GST; Non-Members NZ$650+GST

Venue: Wellington Club Building Level 4/88 The Terrace, Wellington Central, Wellington

Registrations Close:  Friday, 1st March 2024

Register Now

Event registration