SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Andy Ignacio describes and compares some of the related concepts he learned throughout the program to his organization's evolution from "check the boxes" to a strong risk culture and program.

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Steve Williams provides a look through Johari’s Window, and how knowing what we know and don’t know can unlock our understanding of a company’s risk profile while supporting it through negotiated contracts and governance.

Procurement is such an interesting field because so many companies do it differently. This is especially true in the area of third-party risk management and the role that procurement practitioners play in that area, and I submit that most practitioners could be doing more to support their organizations when it comes to managing third party risk, from understanding the company’s risk profile, to helping stakeholders and business owners identify risk, to being part of the solution in terms of mitigating or preventing known risks.

To lean on Johari’s Window, I believe many practitioners sit in the you don’t know what you know, or you don’t know what you don’t know spaces. The pendulum needs to shift drastically and as procurement professionals we need to know what we know and know what we don’t know more than anything else– but how do we get there? Surely this is not something that happens overnight and developing the knowledge required to assess and address third party risk at a company takes time during the employee onboarding process and consistently throughout their career.

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Dallin Ingalls shares the inherent value that is associated with a strong third-party risk management framework.

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate John M. Lehr discusses how third-party risk management teams must enter into a safe third-party relationship and how to build and maintain trust, as well as how to adapt as the consumer wants and needs evolve rapidly.

The world of Third-Party Risk Management is one of frequent change. As consumer needs evolve rapidly and our lives speed up the market for the "next new," we are faced with changing our business and operating models. With each wind of change, our sails just as well – at least in theory. In the face of changing winds, organizations must work harder and faster to keep up.

But we must ask ourselves, is slowing down the new speed up? In her blog titled, "RegTech and the Role of Third-Party Risk Management," a well-respected leader in the Third-Party Risk Management industry, Linda Tuck Chapman, states, "Since the 2008 financial crisis, the U.S. has arguably become the most complex and costly jurisdiction for regulatory compliance." She goes on to state that "The financial services sector leads the pack in terms of the amount of regulation it is subject to, including the compliance challenges, regulations, and laws in near and far-flung jurisdictions, as well as the cost and complexity of compliance, risk management, and governance practices." 

SIG University’s Certified Third Party Risk Management Professional (C3PRMP) program is a globally recognized certification that is the “gold standard” in terms of relevance, scope and content. The C3PRMP program was created by Linda Tuck Chapman, an advisor, educator, author and expert, and is based on her experience and her book, Third Party Risk Management: Driving Enterprise Value (published by the Risk Management Association). You’ll soon learn that investing in the C3PRMP designation is an investment that will enhance your knowledge base and deepen your expertise.

Outlined here is information about the upcoming changes and benefits of your C3PRMP designation, as well as a profile of our students.  

What is different about SIG University’s C3PRMP program? 

In January of 2020, the duration of SIG University's C3PRMP program was extended from eight weeks to 10 weeks. Multiple-choice review questions at the end of each module will test all students’ knowledge and require a minimum passing score of 80%.

Members of the Global Association of Risk Professionals (GARP) will continue to earn 20 Continuing Professional Development (CPD) credits, GARP’s highest award for a continuing professional development program.