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The document outlines the eligibility requirements and policies for obtaining the Certified Third Party Risk Professional (CTPRP) certification through the Shared Assessments Program. It specifies that candidates must have a minimum of five years of experience in risk management, pass the CTPRP examination, and submit a Proof of Experience form signed by a manager. The document also details areas of expertise required, potential waivers for educational qualifications, and guidelines for maintaining certification through continuing professional education (CPE) hours and adherence to a code of ethics.

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What does Ctprp stand for?

Certified Third-Party Risk Professional (CTPRP) Certification.

What does a third party manager do?

Third-party management is conducted primarily for the purpose of assessing the ongoing behavior, performance and risk that each third-party relationship represents to a company.

What is the purpose of third party risk management?

Third-party risk management (TPRM) is a form of risk management that focuses on identifying and reducing risks relating to the use of third parties (sometimes referred to as vendors, suppliers, partners, contractors, or service providers).

What are the requirements for Ctprp?

Eligibility Requirements To gain your full CTPRP designation, you must pass the CTPRP exam and have a minimum of 5 years of experience as a risk management professional, in a position(s) that demonstrates proficiency in assessment, management, and remediation of Third Party risk issues.

What are the 5 phases of third party management?

By following the 5 phases of third-party risk managementPlanning and Scoping, Due Diligence and Third-Party Selection, Contract Negotiation, Ongoing Monitoring, and Termination and Transitionorganizations can protect themselves against potential risks while maintaining efficiency and compliance.

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