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Director Third Party Risk Management Jobs in Delaware

Berkley

IT Contracts Analyst

Wilmington, DE · On-site

$67K - $81K/yr

Strong understanding of procurement controls, compliance requirements, third-party risk management, and corporate governance practices. * Excellent organizational, analytical, communication, and ...

Berkley

IT Contracts Analyst

Wilmington, DE

$67K - $81K/yr

Strong understanding of procurement controls, compliance requirements, third-party risk management, and corporate governance practices. * Excellent organizational, analytical, communication, and ...

Berkley

IT Contracts Analyst

Wilmington, DE

$67K - $81K/yr

Strong understanding of procurement controls, compliance requirements, third-party risk management, and corporate governance practices. * Excellent organizational, analytical, communication, and ...

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All JobsThird Party Risk Management JobsDirector Third Party Risk Management JobsDirector Third Party Risk Management Jobs in Delaware

Director Third Party Risk Management information

See Delaware salary details

$54K

$143.3K

$260.2K

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

As of Sep 5, 2026, the average yearly pay for director third party risk management in Delaware is $143,308.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,600.00 and $167,600.00 per year, depending on experience, location, and employer.

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 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 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 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.

What are the most commonly searched types of Third Party Risk Management jobs in Delaware?

The most popular types of Third Party Risk Management jobs in Delaware are:

What are popular job titles related to Director Third Party Risk Management jobs in Delaware?

For Director Third Party Risk Management jobs in Delaware, the most frequently searched job titles are:

What job categories do people searching Director Third Party Risk Management jobs in Delaware look for?

The top searched job categories for Director Third Party Risk Management jobs in Delaware are:

What cities in Delaware are hiring for Director Third Party Risk Management jobs?

Cities in Delaware with the most Director Third Party Risk Management job openings:

Director Third Party Risk Management jobs near you
Infographic showing various Director Third Party Risk Management job openings in Delaware as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 16% Part Time, and 3% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $143,308 per year, or $68.9 per hour.

VP Sourcing and Procurement (Hybrid)

Bancorp Bank, The

Wilmington, DE • Hybrid

Full-time

Re-posted 6 days ago

Job description

Position Summary

Work Arrangement:

***This position is available as a hybrid position in our Wilmington, DE office.***

At The Bancorp, we've spent over 20 years driving innovation in the financial services industry. As a trusted partner to businesses from startups to Fortune 500 companies, we provide the people, processes, and banking technology to help our clients succeed. Whether you're working in Fintech Solutions, Institutional Banking, Commercial Lending, or Real Estate Bridge Lending, you'll have the opportunity to be part of a team that's transforming businesses with forward-thinking, tech-powered solutions.

Provides strategic leadership, direction, and oversight of all sourcing, vendor management, and procurement functions. Responsible for developing global sourcing strategies, optimizing supplier relationships, ensuring compliance with regulatory and corporate policies, and achieving cost savings while maintaining high standards of quality, risk management, and service delivery. Aligns closely with Third Party Risk Management, Legal, Compliance, Business Lines, Finance, HR, Operations, Facilities, and Information Technology.

Key Responsibilities
  • Manages vendor relationships, specifically IT vendors, to ensure a quality and cost-effective IT purchasing function. Works with business line owners to manage each relationship, ensuring that multiple departments use similar vendors to obtain the best pricing and services for the organization. Consolidates vendor services as needed with internal business heads.
  • Prepares strategic purchasing plans with business leaders. Discusses multi-year strategies and develops and manages policies and procedures related to the procurement of goods and services and as well as the management of existing vendor relationships.
  • Delivers executive summaries and presentations to senior leadership detailing cost, quality, and service delivery, analyzing gaps and opportunities at the corporate level and making recommendations.
  • Selects company product and service providers based on vendor analysis. Researches and interviews suppliers. Evaluates vendor quotes and services to determine most desirable suppliers. Provides recommendations to senior leadership.
  • Negotiates pricing to ensure products and services are purchased.
  • Provides advice and guidance to managers and executives regarding purchasing and vendor assessment standards and processes. Ensures third party vendor controls are in place for items such as vendor diversity and system/IT purchases.
  • Monitors contract renewal, expiration, and pricing dates. Develops contractual standards inclusive of defining appropriate performance metrics and reporting requirements. Manages contract repository to ensure contracts are current and follow up as critical contract dates approach.
  • Leads the contract renewal and associated administrative processes. Facilitates the resolution of issues by working with internal partners to resolve outstanding terms and conditions and ensure that the contract approval and signatures are obtained. Facilitates and schedules meetings with the relevant parties to provide timely resolutions.
  • Leads the Request for Proposal and Request for Information requests from business lines.
  • Monitors third party vendor performance against contractual requirements to ensure service level agreements are being met. Follows up with vendors and internal teams.
  • Performs other duties as assigned.
Qualification Requirements
  • Strong working knowledge of legal and vendor contract terms and conditions.
  • Excellent analytical and decision-making skills.
  • Demonstrates a high level of attention to detail.
  • Consistent track record of producing high quality results.
  • Ability to lead groups of people toward common goals.
  • Excellent verbal, written, and interpersonal communication skills.
  • A team player, able to work effectively in a team fostered, multi-tasking environment.
  • Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.
  • No travel required.

Education/Experience Requirements

  • Bachelor's degree or an equivalent combination of training and experience.
  • 8 years of Sourcing and Procurement experience.
Additional Information

This job will be open and accepting applications for a minimum of five days from the date it was posted.

This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.

Working at The Bancorp Bank, N.A. and Benefits Information: https://thebancorp.com/company/join-our-team/

Company Culture & Background Screening

Company Culture at The Bancorp Bank: https://www.thebancorp.com/company/company-culture/

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

#LI-MD1

#LI-Hybrid

Employment Type: FULL_TIME

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