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Director Third Party Risk Management Jobs in Rochester, MN

Performs site inspections for MEP compliance with contract documents and manages third party ... Trains direct reports on processes, procedures, and completion of daily tasks * Manages the ...

REI Lab Director

Rochester, MN · On-site

$107K - $140K/yr

... and management of our growing embryology/andrology teams. This position is responsible for ... third party reproductive care and preimplantation genetic testing (PGT) as well as fertility ...

REI Lab Director

Rochester, MN · On-site

$97K - $127K/yr

... and management of our growing embryology/andrology teams. This position is responsible for ... third party reproductive care and preimplantation genetic testing (PGT) as well as fertility ...

REI Lab Director

Rochester, MN · On-site

$97K - $127K/yr

... and management of our growing embryology/andrology teams. This position is responsible for ... third party reproductive care and preimplantation genetic testing (PGT) as well as fertility ...

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Director Third Party Risk Management information

See Rochester, MN salary details

$54.9K

$145.5K

$264.3K

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

As of Aug 1, 2026, the average yearly pay for director third party risk management in Rochester, MN is $145,546.00, according to ZipRecruiter salary data. Most workers in this role earn between $107,200.00 and $170,300.00 per year, depending on experience, location, and employer.

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 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 the most commonly searched types of Third Party Risk Management jobs in Rochester, MN? The most popular types of Third Party Risk Management jobs in Rochester, MN are:
What are popular job titles related to Director Third Party Risk Management jobs in Rochester, MN? For Director Third Party Risk Management jobs in Rochester, MN, the most frequently searched job titles are:
Infographic showing various Director Third Party Risk Management job openings in Rochester, MN as of July 2026, with employment types broken down into 1% As Needed, 82% Full Time, 13% Part Time, 1% Temporary, and 3% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $145,546 per year, or $70 per hour.

Principal Analyst Clinical Risk Management

Mayo Clinic

Rochester, MN • On-site

Full-time

Medical, Dental, Vision, Retirement

Posted 2 days ago

New


Mayo Clinic rating

7.8

Company rating: 7.8 out of 10

Based on 692 frontline employees who took The Breakroom Quiz

105th of 887 rated healthcare providers


Job description

Mayo Clinic is seeking an experienced healthcare professional to join the newly established Rochester Clinical Risk Management team as a Principal Risk Analyst. This is a unique opportunity to help build a strategic program advancing patient safety, transparency, organizational learning, and enterprise risk management at one of the world's leading healthcare organizations.

Reporting to the Senior Manager of Clinical Risk Management, the Principal Risk Analyst serves as a senior clinical risk expert who proactively identifies, assesses, and mitigates the clinical, operational, regulatory, financial, legal, and reputational risks associated with patient care. This includes leading the organization's response to complex patient care events, supporting communication and resolution efforts, guiding event review and mitigation activities, and advancing systems, processes, and education that strengthen safety, accountability, and trust.

Key Responsibilities
    Partner with physicians, administrators, patient safety professionals, legal counsel, accreditation leaders, and operational teams to manage complex matters involving patient care events.
    Support patient-centered communication and caregiver support following patient care events, in alignment with Mayo Clinic's Communication and Resolution approach.
    Apply a broad healthcare risk management lens across the five ASHRM/CPHRM domains: Clinical/Patient Safety, Risk Financing, Legal and Regulatory, Health Care Operations, and Claims and Litigation.
    Identify emerging risk trends and support claims-informed organizational learning.
    Partner with insurance and risk financing colleagues when clinical events carry financial or coverage implications.
    Translate complex clinical events into practical mitigation strategies, education, and system-level improvements.

A professional with deep clinical, operational, regulatory, or risk management expertise, sound judgment, and exceptional communication skills is desired. The successful candidate demonstrates the ability to assess risk, build trusted relationships, navigate sensitive situations, facilitate difficult conversations, and support leaders and care teams through challenging events - developing practical solutions that balance patient-centered care with organizational priorities while strengthening organizational resilience.

In addition, Principal Risk Analyst responsibilities may include:
Receives direction and reports to the Director or Senior Manager in the Risk Department (RD). Works in partnership with other department members as well as various physicians, administrative colleagues, and committees. Will collaborate with a wide range of Mayo Clinic departments including, but not limited to: Office of Information Security, Legal, Health Information Management and Human Resources. Interacts, supports and consults with individuals within Mayo Clinic and outside Mayo Clinic including external business partners, government agencies, and organizations.

The incumbent will lead risk business operations, special projects, investigations, legal litigation, mitigation development, non-employee access and end user awareness/education. Incumbent will provide guidance to the RD unit for day-to-day operational support, including project management. Incumbent will demonstrate leadership and represent the RD on project teams, committees, strike teams and workgroups. Job Duties and Responsibilities: Supports and develops RD initiatives. Responsible for the design of enterprise business operations, including operational growth and development. Leads multi-disciplinary workgroups and projects.
Responsible for development of policies and procedures to support the organization's risk tolerance. Gathers and organizes information from a cross-functional investigative team. Works directly with Legal and Human Resources on high risk internal and external investigations. Works directly with Legal and External Counsel on policy, regulatory and/or litigation matters (using eDiscovery protocols). Completes documentation to support findings including legal reports, SBARs, and executive summaries. Responsible for peer review of work unit documentation. Develops and presents Risk training(s) geared towards Mayo Clinic Leadership. Has extensive experience in regulatory compliance and investigations that includes:

    Deep subject matter expertise in relevant compliance laws and regulations such as privacy compliance, investigations, revenue cycle compliance, device manufacturing compliance, general compliance, conflict of interest;
    Understanding of and ability to apply the Seven Elements of an Effective Compliance Program;
    Ability to carry out audits, assessments and investigations; and
    Ability to use relevant compliance tools including GRC software, monitoring tools, and issue management software.

Ability to follow and apply holds and execute proper preservation of evidence and chain of custody protocols. Depending on role this may include the ability to follow proper computer forensic evidence handling, advanced knowledge of data preservation, acquisition of computing and storage devices either fixed or mobile and more technical forensic investigation.
Must have technical and nontechnical communication skills (verbal and written), analytical aptitude and project management skills. Demonstrates high level integrity and ability to use discretion and maintain confidential information. Other functions and projects as assigned. Some travel may be required to other Mayo Clinic Sites and/or training conferences.
Mayo Clinic will not sponsor or transfer visas for this position including F1 OPT STEM.

This is a hybrid position and incumbent must live within 100 miles of the Rochester, MN campus.
 

Why Mayo Clinic

Mayo Clinic is top-ranked in more specialties than any other care provider according to U.S. News & World Report. As we work together to put the needs of the patient first, we are also dedicated to our employees, investing in competitive compensation and comprehensive benefit plans - to take care of you and your family, now and in the future. And with continuing education and advancement opportunities at every turn, you can build a long, successful career with Mayo Clinic.

Benefits Highlights
  • Medical: Multiple plan options.
  • Dental: Delta Dental or reimbursement account for flexible coverage.
  • Vision: Affordable plan with national network.
  • Pre-Tax Savings: HSA and FSAs for eligible expenses.
  • Retirement: Competitive retirement package to secure your future.
Just as our reputation has spread beyond our Minnesota roots, so have our locations. Today, our employees are located at our three major campuses in Phoenix/Scottsdale, Arizona, Jacksonville, Florida, Rochester, Minnesota, and at Mayo Clinic Health System campuses throughout Midwestern communities, and at our international locations. Each Mayo Clinic location is a special place where our employees thrive in both their work and personal lives. Learn more about what each unique Mayo Clinic campus has to offer, and where your best fit is. 

Equal Opportunity

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, protected veteran status or disability status. Learn more about the "EOE is the Law".  Mayo Clinic participates in E-Verify and may provide the Social Security Administration and, if necessary, the Department of Homeland Security with information from each new employee's Form I-9 to confirm work authorization.

Bachelor's degree and 9 years' experience in business analysis,  insider threat, information security, compliance, privacy, risk management, information science, business administration, health or science-related fields OR Master's degree and 6 years' experience in business analysis, insider threat, information security, compliance, privacy, risk management, information science, business administration, health or science-related fields. JD or Masters degree preferred.  Certified as CHC, CHPC, CCEP, CISSP, CISM, CITPM or relevant equivalent certification; or will obtain certification within 2 years of hire.
Preferred Qualifications
Certified Professional in Health Care Risk Management (CPHRM) 
Certified in Healthcare Risk Management (CHRM)
 


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About Mayo Clinic

Sourced by ZipRecruiter

Mayo Clinic is the largest integrated, not-for-profit medical group practice in the world. We're building the future, one where the best possible care is available to everyone — and more people can heal at home. Our relentless research turns into earlier diagnoses and new cures. That's how we inspire hope in those who need it most. At Mayo Clinic, experts work together to solve the most challenging unmet needs of patients. Our history of innovation dates back almost 150 years, when brothers Will and Charlie Mayo pioneered an integrated, team-based approach to medicine. Today, that trailblazing spirit drives innovations like Mayo Clinic Platform — which powers new technologies to change how care is delivered to all.

Industry

Hospitals

Company size

10,000+ Employees

Headquarters location

Rochester, MN, US

Year founded

1919