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Director Third Party Risk Management Jobs (NOW HIRING)

Working alongside the Director of Third-Party Risk Management, you will drive the execution of a robust risk management program that spans the entire third-party lifecycle. In this role you will:

Third-Party Risk Management Analyst

Bethesda, MD · On-site

$80.83K - $129.32K/yr

Working alongside the Director of Third-Party Risk Management, you will drive the execution of a robust risk management program that spans the entire third-party lifecycle. In this role you will:

Working alongside the Director of Third-Party Risk Management, you will drive the execution of a robust risk management program that spans the entire third-party lifecycle. In this role you will:

Working alongside the Director of Third-Party Risk Management, you will drive the execution of a robust risk management program that spans the entire third-party lifecycle. In this role you will:

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Director Third Party Risk Management information

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$54K

$143.2K

$260K

How much do director third party risk management jobs pay per year?

As of May 30, 2026, the average yearly pay for director third party risk management in the United States is $143,185.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,500.00 and $167,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Director of Third Party Risk Management, and why are they important?

To thrive as a Director of Third Party Risk Management, you typically need expertise in risk assessment, compliance, vendor management, and a relevant degree in business, finance, or a related field. Familiarity with risk management frameworks, regulatory requirements, and tools like GRC (Governance, Risk, and Compliance) platforms or vendor risk assessment software is essential. Exceptional leadership, strategic thinking, and negotiation skills help manage cross-functional teams and build strong relationships with vendors. These competencies are crucial to effectively mitigate third-party risks, ensure regulatory compliance, and protect the organization’s reputation and operations.

What are some of the key challenges a Director of Third Party Risk Management faces when implementing risk assessment frameworks across a large organization?

One of the main challenges is ensuring consistency and thoroughness in risk assessments across diverse business units and geographies, each with varying levels of vendor complexity and regulatory requirements. Directors often need to balance rigorous risk controls with the need for operational efficiency, which requires strong communication and influence skills to gain stakeholder buy-in. Additionally, keeping up with evolving third-party risks, such as cybersecurity threats and supply chain disruptions, demands continuous process improvement and cross-functional collaboration with IT, legal, and procurement teams.

What does a Director of Third Party Risk Management do?

A Director of Third Party Risk Management is responsible for overseeing an organization's approach to identifying, assessing, and mitigating risks associated with its external partners, vendors, and suppliers. This role involves developing risk assessment frameworks, ensuring compliance with relevant regulations, and collaborating with internal teams to address any third-party issues that may affect the business. The director also leads the creation and execution of policies and procedures to manage third-party risks effectively, balancing operational needs with regulatory requirements.

What is the difference between Director Third Party Risk Management vs Vendor Risk Manager?

AspectDirector Third Party Risk ManagementVendor Risk Manager
CredentialsTypically requires advanced degrees and certifications like CTPRP or CRISCOften requires certifications such as CTPRP, CRISC, or vendor-specific training
Work EnvironmentStrategic leadership, overseeing multiple teams and enterprise-wide risk policiesOperational focus, managing vendor assessments and risk mitigation activities
Industry UsageUsed in large organizations across finance, healthcare, and technology sectorsCommon in organizations with extensive vendor networks, especially in finance and IT

The main difference is that the Director Third Party Risk Management holds a strategic, leadership role overseeing enterprise-wide third-party risks, while the Vendor Risk Manager focuses on operational vendor assessments and risk mitigation. Both roles require similar certifications but differ in scope and level of responsibility.

More about Director Third Party Risk Management jobs
What cities are hiring for Director Third Party Risk Management jobs? Cities with the most Director Third Party Risk Management job openings:
What are the most commonly searched types of Third Party Risk Management jobs? The most popular types of Third Party Risk Management jobs are:
What states have the most Director Third Party Risk Management jobs? States with the most job openings for Director Third Party Risk Management jobs include:
Infographic showing various Director Third Party Risk Management job openings in the United States as of May 2026, with employment types broken down into 79% Full Time, 5% Part Time, and 16% Contract. Highlights an 61% Physical, 1% Hybrid, and 38% Remote job distribution, with an average salary of $143,185 per year, or $68.8 per hour.
Director, Third Party Risk Management

Director, Third Party Risk Management

T. Rowe Price

Baltimore, MD • On-site

Full-time

Medical, Life, Retirement, PTO

This job post has expired 1 day ago. Applications are no longer accepted.


T. Rowe Price rating

9.1

Company rating: 9.1 out of 10

Based on 21 frontline employees who took The Breakroom Quiz


Job description

Director, Third Party Risk Management

Apply (https://troweprice.wd5.myworkdayjobs.com/en-US/TRowePrice/job/Baltimore-MD/Director--Third-Party-Risk-Management_79567/apply)

locations

Baltimore, MD

Owings Mills, MD

time type

Full time

posted on

Posted 30+ Days Ago

job requisition id

79567

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business . With a career at the firm, y ou can expect opportunities to create real impact at work and in your community. Y ou'll enjoy resources to support your career path, a s well as compensation , benefits , and flexibility to enrich your life. Here, you'll find a collaborative culture that respect s and valu e s differences and colleagues who share a spirit of generosity .

Join us for the opportunity to g row and make a difference in ways that matter to you .

Role Summary

The Director – Third Party Risk Management is a Second Line of Defense (2LoD) leadership role responsible for the strategic development, oversight, and ongoing maturation of the firm's Third Party Risk Management (TPRM) program. Reporting to the Head of Privacy & TPRM, this role is regarded as a subject matter expert in third-party risk and plays a key role in shaping the firm's risk strategy, governance framework, and operating model following the implementation of an outsourced TPRM capability .

The Director provides independent oversight, credible challenge , and assurance over first-line and outsourced TPRM activities, while building a sustainable, regulator-ready 2LoD function aligned with the firm's risk appetite and regulatory expectations.

Responsibilities

TPRM Strategy & Program Leadership:

  • Serve as the firm's subject matter expert on third-party risk management.
  • Contribute to the development and execution of the firm's TPRM strategy, roadmap, and target-state operating model.
  • Lead the build-out and continuous improvement of a 2LoD TPRM function following outsourcing of due diligence and periodic reviews.
  • Define and maintain TPRM policies, standards, risk methodologies, and oversight frameworks aligned with regulatory expectations and industry best practices.
  • Ensure alignment of the TPRM program with enterprise risk appetite and governance structures.
  • Lead assessment of emerging third party risks and technologies, including AI, and integrate findings into TPRM strategy, governance, and executive reporting.

Oversight of Outsourced & First-Line TPRM Activities:

  • Provide independent oversight and effective challenge of outsourced TPRM service providers, including due diligence execution and ongoing monitoring.
  • Oversight of monitor ing activities related to SLAs, KPIs, quality assurance standards, and performance metrics for outsourced partners.
  • Report on systemic control gaps, concentration risk, and emerging third-party risk themes across the vendor population.
  • Escalate material third-party risk issues and control deficiencies through appropriate governance and risk committees.

Risk Governance, Reporting & Regulatory Readiness:

  • Design and deliver executive and board-level reporting on third-party risk, including trends, emerging risks, and risk appetite breaches.
  • Lead TPRM-related regulatory exams, internal audits, and management assurance activities.
  • Ensure TPRM documentation, evidence, and reporting are audit- and exam-ready.
  • Partner with Enterprise Risk, Compliance, Legal, Information Security, Procurement, and Technology while maintaining 2LoD independence.

Leadership & Capability Development :

  • Provide leadership, guidance, and technical mentorship to TPRM risk analysts and managers.
  • Establish clear roles, responsibilities, and RACI alignment across 1LoD, 2LoD, and outsourced providers.
  • Drive adoption of data-driven, AI-enabled reporting and analytics to enhance risk insight and oversight efficiency.
  • Promote a strong risk culture and consistent application of third-party risk standards across the firm.

Qualifications

Required:

  • Bachelor's degree in Risk Management, Information Systems, Finance, Business, Law, or a related field. 10+ years of experience in third-party risk management, operational risk, or compliance, with significant experience in a 2LoD capacity within financial services or asset management (or other industry subject to equivalent reg ulatory scrutiny) .
  • Demonstrated experience designing, implementing, or maturing a TPRM program, including oversight of outsourced or co-sourced models.
  • Deep understanding of regulatory expectations for third-party risk (e.g., SEC, FINRA, global regulators).
  • Proven ability to operate as a trusted expert and strategic advisor to senior leadership.
  • Required Certifications (at least one): Certified Third Party Risk Professional (CTPRP) , Certified in Risk and Information Systems Control (CRISC) , Certified Information Systems Auditor (CISA)

Preferred:

  • Advanced degree (MBA, JD, or equivalent).
  • Experience supporting global or complex vendor ecosystems.
  • Additional certifications:
  • ISO 27001 Lead Implementer or Auditor
  • PMP or equivalent program management certification
  • Experience leveraging AI, automation, or advanced analytics in TPRM oversight (e.g., Microsoft Co-Pilot, ChatGPT Enterprise) .

Tools & Technology (Preferred)

  • Extensive experience with TPRM and GRC platforms (e.g., ServiceNow, Coupa).
  • Strong executive-level reporting and data visualization skills (e.g., Power BI).
  • Experience implementing metrics, KRIs, and dashboards aligned to risk appetite.

Key Competencies

  • Recognized expertise in third-party risk management.
  • Strategic mindset with hands-on oversight capability.
  • Strong executive presence and ability to provide credible challenge.
  • Excellent written and verbal communication skills.
  • Ability to lead through influence in a matrixed, regulated environment.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$143,000.00 - $245,000.00 for the location of: Maryland, Colorado, Washington and remote workers$158,000.00 - $269,000.00 for the location of: Washington, D.C.$179,000.00 - $306,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual's relevant experience and skills for the role . Base salary is only one component of our total compensation package . Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity,andInclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.

Benefits

We value your goals and needs, at work and in life. As an associate, you'll be supported with resources , benefits , and work-life balance so you can thrive in ways that matter to you .

Featured employee benefits to enrich your life:

  • Competitive compensation
  • Annual bonus eligibility
  • A generous retirement plan
  • Hybrid work schedule
  • Health and wellness benefits, including online therapy
  • Paid time off for vacation, illness, medical appointments, and volunteering days
  • Family care resources, including fertility and adoption benefits

Learn more about our benefits. (https://www.troweprice.com/corporate/us/en/careers/benefits.html)

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.

About Us

T. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on–now, and over the long term.

Not ready to apply? Join our Talent Community (https://troweprice.gr8people.com) !

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