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Director Third Party Risk Management Jobs in Chicago, IL

Onbe

Third Party Risk Coordinator

Buffalo Grove, IL

Onbe is seeking a Third-Party Risk Coordinator who will support the day-to-day execution of the company's vendor risk management program, serving as the primary point of contact for low-risk vendors ...

Onbe

Third Party Risk Coordinator

Buffalo Grove, IL · On-site

Onbe is seeking a Third-Party Risk Coordinator who will support the day-to-day execution of the ... The coordinator also assists with contract risk review, manages vendor communications, maintains ...

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Director Third Party Risk Management information

See Chicago, IL salary details

$55.6K

$147.5K

$267.8K

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

As of May 28, 2026, the average yearly pay for director third party risk management in Chicago, IL is $147,501.00, according to ZipRecruiter salary data. Most workers in this role earn between $108,700.00 and $172,500.00 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.

What are the most commonly searched types of Third Party Risk Management jobs in Chicago, IL? The most popular types of Third Party Risk Management jobs in Chicago, IL are:
What are popular job titles related to Director Third Party Risk Management jobs in Chicago, IL? For Director Third Party Risk Management jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Director Third Party Risk Management jobs in Chicago, IL look for? The top searched job categories for Director Third Party Risk Management jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Director Third Party Risk Management jobs? Cities near Chicago, IL 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 Chicago, IL as of May 2026, with employment types broken down into 79% Full Time, 7% Part Time, and 14% Contract. Highlights an 65% Physical, 2% Hybrid, and 33% Remote job distribution, with an average salary of $147,501 per year, or $70.9 per hour.
Principal Associate, Third Party Risk Management

Principal Associate, Third Party Risk Management

Capital One

Riverwoods, IL

Full-time

Posted 11 days ago

Capital One rating

7.7

Company rating: 7.7 out of 10

Based on 134 frontline employees who took The Breakroom Quiz

74th of 141 rated banks

Job description

Principal Associate, Third Party Risk Management

Capital One is seeking an energetic, self-motivated Principal Associate to join the Third Party Risk Management (TPRM) Team within the Operational Risk Management second line of defense. The TPRM team is a dedicated group of professionals whose mission is to provide value-add, independent stewardship of Capital One's third party management practices enabling Capital One to manage our Third Party Risk.
The Principal Risk role will work in the Assessments and Testing function of third party risk management, assessing the risks before goods or services are procured from a third party. The overall TRPM team provides not only the governance structure for TPRM at Capital One, but also advice and effective challenge in all areas of Third Party Risk Management. As a Principal Associate, you will also provide guidance to first line business areas and third party management on whether they are meeting Capital One's program requirements.
As part of the larger Operational Risk Management (ORM) organization, you will work with talented associates to provide oversight and effective challenge to ensure that our businesses effectively manage operational risk overall. This includes enabling our organizations to maintain a sustainable and holistic operational risk profile in order to deliver superior products while also protecting our customers. You'll also bring your unique perspective and experiences to help us be rigorous, curious and creative. Risk Associates have a natural passion for managing risk with excellent project, process and analytical skills. With these skills, they serve as change agents to effectively challenge business leaders on our highest profile risk projects. Risk Associates partner with executives and other risk leaders to identify potential Risks in an open, collaborative environment where new ideas and solutions are both welcomed and rewarded.


Duties and Responsibilities:

  • Develop and leverage key relationships with stakeholders that enable collaboration across the enterprise

  • Supports collaborative environments between other risk teams and various partner groups to create an integrated and seamless risk experience for the business

  • Completes the Assessments and Testing Program to effectively challenge, identify elevated areas of risk, and to obtain assurance that risk-taking groups are appropriately representing the risk profile

  • Ensure results are properly documented and communicated, and perform data analysis to include trending, problem identification, and development/completion of remediation plans

  • Identify and track challenges and issues to mitigate risk to Capital One. Coordinate with applicable business areas to define/ implement remediation activities

  • Demonstrate strong communication, collaboration, and problem-solving skills within the team and with other partners.

  • Coordinating work between multiple areas and working on multiple projects simultaneously; leveraging/influencing business partners to drive results

  • Balance multiple priorities to help drive business value and support team objectives, while managing tasks and activities related to risk management initiatives to support the Third Party Risk Management team in a well-managed capacity

Basic Qualifications:

  • Bachelors Degree or military experience

  • At least 3 years of experience in Risk Management, Compliance, Procurement, Contracting, or Audit

  • At least 3 years of experience working with internal business clients

Preferred Qualifications:

  • Masters Degree in Finance, or Accounting, or Audit, or Business Management

  • Experience in a third-party risk management role

  • Industry certifications in Operational Risk Management or Third Party Risk Management

  • Excellent written and verbal communication abilities

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

McLean, VA: $120,800 - $137,900 for Principal Risk Specialist


Richmond, VA: $109,900 - $125,400 for Principal Risk Specialist


Riverwoods, IL: $109,900 - $125,400 for Principal Risk Specialist









Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

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