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Contract Risk Jobs in Torrington, CT (NOW HIRING)

Advise clients on commercial contracting matters, risk allocation, compliance requirements, and contract governance processes. * Identify, assess, and provide recommendations regarding legal and ...

Strategic Sourcing Manager

Hartford, CT · On-site

$130K - $168K/yr

... and risk, develop business recommendations, influence cross-functional stakeholders, and drive organizational alignment. • Proficiency with ERP/MRP systems, e-sourcing and contract management ...

Director of Procurement

Hartford, CT · On-site

$100K - $125K/yr

Works closely with Risk Management on strategic sourcing; ensures alignment between contract development process and procurement. * Performs audits of vendor contracts, purchasing card transactions ...

KPI Monitoring Hard Skills * Risk Management Skills * Claims Auditing * Contract Understanding * Best Practices in Case Management * Decision-Making Soft Skills * Mentoring * Coaching

Showing results 41-60

Contract Risk information

See Torrington, CT salary details

$14

$29

$73

How much do contract risk jobs pay per hour?

As of Sep 10, 2026, the average hourly pay for contract risk in Torrington, CT is $29.95, according to ZipRecruiter salary data. Most workers in this role earn between $19.23 and $38.22 per hour, depending on experience, location, and employer.

What is contract risk?

Contract risk refers to the potential for financial loss, legal exposure, or operational issues arising from the terms, execution, or management of contracts between parties. This can include risks such as non-performance, ambiguous clauses, regulatory non-compliance, and disputes over contract obligations. Identifying and managing contract risk is essential for organizations to safeguard their interests and ensure smooth business operations. Contract risk professionals assess agreements for potential pitfalls and develop strategies to minimize or mitigate these risks.

What are some common challenges faced by professionals in contract risk roles, and how can they be addressed?

Professionals in Contract Risk roles often encounter challenges such as navigating ambiguous contract language, managing tight deadlines for risk assessments, and ensuring coordination between legal, compliance, and business teams. Addressing these challenges typically involves developing strong communication skills, utilizing risk management tools, and staying updated on regulatory changes. Building collaborative relationships across departments and participating in ongoing training can also help contract risk professionals effectively mitigate risks and add value to their organizations.

What are the key skills and qualifications needed to thrive as a contract risk professional, and why are they important?

To thrive as a Contract Risk professional, you need strong knowledge of contract law, risk assessment, and compliance, usually supported by a degree in law, business, or a related field. Familiarity with contract management software, risk analysis tools, and regulatory frameworks is essential. Exceptional attention to detail, negotiation skills, and the ability to communicate complex concepts clearly are vital soft skills. These competencies help ensure that organizations identify, mitigate, and manage contractual risks effectively, protecting their interests and maintaining regulatory compliance.

What is the difference between Contract Risk vs Contract Administrator?

AspectContract RiskContract Administrator
Primary FocusIdentifying and mitigating contractual risksManaging contract documentation and execution
Required CredentialsLegal or risk management background, certifications in risk managementLegal, administrative, or contract management experience
Work EnvironmentRisk departments, legal teams, project managementContract departments, procurement, project teams

Contract Risk professionals focus on analyzing and reducing contractual risks before and during contract execution, often working closely with legal and risk management teams. Contract Administrators handle the day-to-day management of contracts, ensuring compliance, documentation, and timely execution. While both roles require understanding contracts, Contract Risk emphasizes risk mitigation strategies, whereas Contract Administrators focus on contract administration and operational tasks.

What are the most commonly searched types of Risk jobs in Torrington, CT?

The most popular types of Risk jobs in Torrington, CT are:

What cities near Torrington, CT are hiring for Contract Risk jobs?

Cities near Torrington, CT with the most Contract Risk job openings:

Infographic showing various Contract Risk job openings in Torrington, CT as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 12% Part Time, and 3% Contract. Highlights an 86% Physical, 5% Hybrid, and 9% Remote job distribution, with an average salary of $62,287 per year, or $29.9 per hour.

Director Category Management, IT Services and Operations Outsourcing in Hartford, CT 06115 (Hybrid)

Hartford, CT • On-site

$85 - $90/hr

Contractor

Re-posted 26 days ago


Job description

Title: Director Category Management, IT Services and Operations Outsourcing
Location: Hartford, CT 06115 (Tuesday, Wednesday, Thursday - Onsite)
Duration: 06 - 12 Months
Pay Rate: $85.00 - $90.00/Hour on W2

Roles & Responsibilities:

• Develop and implement comprehensive category and sourcing strategies for the Financial Services category, including Asset and Investment Management Services, by collaborating with partners and understanding business and technical requirements.
• Negotiate and leverage contracts with key Financial Services vendors to drive value across business, product, and technology roadmaps. Contracts include MSAs, SaaS and Platform Agreements, Market data and portfolio valuation services, EULAs, and SOWs.
• Collaborate with business stakeholders, Third Party Risk, FP&A, and Legal to conduct contract analysis, optimize contract value, establish success metrics, and reduce third-party risk.
• Conduct market analysis to understand trends, key suppliers, and potential risks within contracts and the category. Benchmark current contracts and identify gaps and opportunities for optimization.
• Act as a trusted advisor to business leaders, aligning third-party contracts, vendor consolidation, and contract renegotiations with The Hartford’s evolving strategy.
• Use data to manage category performance and identify cost-saving opportunities without compromising quality or performance.
• Lead the RFx process through completion, including requirements gathering, respondent identification, scorecards, weighting, successful negotiation, and contracting.
• Establish deep partnerships with strategic partners, aligning Vendors to The Hartford’s strategic vision.
• Influence and maintain strong internal relationships from the Executive level to day-to-day operations.
• Align The Hartford with growth projections necessary for future success.
Qualifications / Job Skills:
• Bachelor's degree in Business, Finance, Law, or related field; MBA or advanced degree preferred.
• 7-10 years of experience in Sourcing and category management within large institutions, particularly in Financial Services, Asset, and Investment management.
• 5+ years of leadership experience in developing and influencing cross-functional relationships.
• Expertise in Financial Services sourcing strategy development and execution.
• Familiarity with IT hosted services, business platforms, investment data, and valuation services.
• Strong process leadership and expertise in contract agreements and risk management.
• Experience in working with Senior Executives and driving data-driven strategies.
• Expert communication skills, both written and oral.
• Flexibility and organizational change management experience.
• Ability to work in cross-functional teams to achieve outcomes.
• Proactive risk management skills.
• Expertise in consensus-building and solving complex business challenges.
• Negotiation experience with Financial Services / Wealth Management vendors.