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Internship Third Party Risk Management Jobs in Chicago, IL

Constellation Brands

Senior Risk and Compliance Analyst

Chicago, IL · On-site

$96K - $148K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

The Analyst will help lead and mature the IT Third-Party Risk Management (TPRM) program by supporting vendor risk assessments, due diligence, ongoing monitoring, remediation tracking, and continuous ...

ZS

Governance & Risk Analyst

Chicago, IL · On-site

$85K - $95K/yr

Key Responsibilities Third-Party Risk Management (TPRM) & Vendor Risk Assessments (VRA) * Conduct end-to-end Vendor Risk Assessments (VRA) including initiation, analysis, follow-ups, and final ...

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Internship Third Party Risk Management information

What is the difference between Internship Third Party Risk Management vs Third Party Risk Analyst?

AspectInternship Third Party Risk ManagementThird Party Risk Analyst
CredentialsTypically pursuing or recent graduate, no formal certification requiredBachelor's degree often required; certifications like CTPRP beneficial
Work EnvironmentInternship setting, supervised, entry-level tasksFull-time professional role, analytical and risk assessment tasks
Employer & Industry UsageInternship programs in finance, banking, or corporate sectorsFinancial institutions, corporations, and consulting firms

Internship Third Party Risk Management is an entry-level, supervised role for students or recent graduates gaining exposure to third-party risk processes. In contrast, a Third Party Risk Analyst is a full-time professional responsible for analyzing and managing third-party risks, often requiring relevant education and certifications. Both roles are essential in risk management but differ in experience level and responsibilities.

What is an internship in third party risk management?

An internship in Third Party Risk Management involves assisting organizations in identifying, assessing, and mitigating risks associated with their external vendors or partners. Interns typically support tasks such as conducting due diligence, reviewing vendor contracts, monitoring compliance, and helping to develop risk assessment reports. This position provides hands-on experience in risk analysis, compliance procedures, and understanding regulatory requirements related to third-party relationships. It's an excellent opportunity for students interested in risk management, compliance, or supply chain management to gain practical skills and industry knowledge.

What does an internship in third party risk management involve?

As an intern in Third Party Risk Management, you can expect to support the team in assessing, monitoring, and mitigating risks related to external vendors and partners. Typical tasks may include conducting due diligence reviews, assisting with risk assessments, updating databases, and helping prepare reports for senior management. You may also collaborate closely with procurement, compliance, and information security teams to ensure that third-party relationships align with company policies and regulatory requirements. This hands-on experience is valuable for understanding risk management processes and building cross-functional communication skills.

What are the key skills and qualifications needed for an internship in third party risk management?

To thrive in an Internship Third Party Risk Management role, you need a background in finance, business, or risk management, with strong analytical and research skills. Familiarity with risk assessment tools, vendor management systems, and Microsoft Excel is often required. Attention to detail, effective communication, and problem-solving abilities are important soft skills that set candidates apart. These competencies are crucial for accurately identifying and mitigating risks associated with third-party vendors, ensuring organizational compliance and security.
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 Internship Third Party Risk Management jobs in Chicago, IL? For Internship Third Party Risk Management jobs in Chicago, IL, the most frequently searched job titles are:
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Internship Third Party Risk Management jobs near you

Third Party Risk Control Manager - Vice President

JPMorgan Chase & Co.

Chicago, IL • On-site

$180 - $240/hr

Other

Posted 19 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 493 frontline employees who took The Breakroom Quiz

72nd of 171 rated banks

Job description

Join our Commercial & Investment Bank (CIB) Controls team, where you’ll help shape how we identify, govern, and manage risk from a complex third-party ecosystem. You’ll play a key role in transforming risk assessments into actionable insights that protect our clients, data, and operations.

As a Third Party Risk & Controls Insights Vice President in CIB Controls, you will drive the insights agenda across the third-party lifecycle. You’ll turn assessment and monitoring outputs into meaningful narratives, themes, and recommendations. Your work will support risk acceptance and remediation prioritization, helping us maintain a strong risk posture and safeguard our reputation. You’ll collaborate with diverse teams and use your judgment and communication skills to ensure risk conclusions are clear and actionable.

Job Responsibilities
  • Compile and analyze third-party risk information, summarizing key impacts for business and Finance & Business Management (F&BM) partners.
  • Produce executive governance updates and materials for CIB controls and third-party risk forums.
  • Support third-party lifecycle reporting by following established standards for risk statements, residual risk language, materiality thresholds, and issue categorization.
  • Perform quality checks on risk assessments and monitoring outputs; flag gaps and coordinate updates with partner teams.
  • Identify recurring themes and emerging risks across the vendor portfolio and **escalate items that meet defined thresholds**.
  • Create residual risk summaries and remediation options to support risk acceptance and prioritization discussions.
  • Review and provide input on business cases for new or expanded vendor engagements, identifying opportunities to leverage existing vendors.
  • Maintain and refresh tracking for key third-party risk and control metrics (KRIs/KPIs), thresholds, and trend summaries; contribute content for dashboards and routine reporting.
  • Track third-party control issues through testing, monitoring, and closure, ensuring documentation and evidence meet standards.
  • Coordinate with Controls, Technology, Procurement, Legal, Compliance, Operational Risk, and business stakeholders to collect inputs and support a consistent view of third-party risk posture.
Required Qualifications, Capabilities, and Skills
  • Demonstrated expertise in control management within financial services, focusing on compliance and operational risk mitigation.
  • Hands‑on experience supporting third-party risk activities across the vendor lifecycle, with ability to document clear risk conclusions and support decision materials.
  • Ability to summarize assessment and monitoring results into executive‑ready updates, including key themes, emerging risks, and recommended next steps.
  • Ability to translate technical risk topics into business-friendly language, including concise risk statements and practical mitigations.
  • Strong analytical and technical literacy, including interpreting process flows, supporting KRI/KPI definition and tracking, and communicating insights.
  • Effective stakeholder management skills, partnering across controls, procurement, legal, compliance, technology, and business teams.
  • Strong written and verbal communication skills, including drafting governance materials and briefing leaders with clear messaging.
Preferred Qualifications, Capabilities, and Skills
  • Experience supporting third-party risk portfolio reporting and governance routines, including maintaining taxonomies and producing management information.
  • Ability to partner with analytics/automation teams to improve monitoring and insights for third-party risk and controls.
  • Working knowledge of operational resilience concepts, including business service mapping, recovery expectations, and dependency analysis.
  • Strong collaboration and influencing skills to reinforce standards, raise credible challenge, and support alignment on remediation priorities.
  • Understanding of the CIB business context to support third-party risk discussions and align recommendations with client, regulatory, and operational expectations.

**To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment‑based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).**

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