Internship Third Party Risk Management Jobs in Madison, WI

At Summit Credit Union, we believe in helping people achieve financial success while creating a workplace where employees feel valued, empowered, and connected. As a Vendor Risk Analyst II, you will play a key role in protecting the organization by supporting our enterprise-wide third-party risk management program and ensuring our vendor partnerships align with regulatory requirements, business objectives, and risk management standards.

As a Vendor Risk Analyst II, you will:

• Evaluate and assess third-party vendors during onboarding and throughout the vendor lifecycle.
• Conduct vendor due diligence reviews and ongoing monitoring activities.
• Identify, analyze, and communicate vendor-related risks to business stakeholders and leadership.
• Ensure compliance with internal policies, regulatory requirements, and third-party risk management standards.
• Partner with business units and vendors to develop and implement risk mitigation strategies.
• Support vendor offboarding activities through established workflows and vendor management systems.
• Maintain accurate records and documentation related to vendor risk assessments and reviews.
• Foster strong relationships with internal stakeholders and external vendors while delivering exceptional service and support.

• Bachelor's degree in Business Administration, Risk Management, or a related field; or an equivalent combination of education and experience.
• Three or more years of experience in vendor risk management or a related risk management function.
• Strong understanding of vendor risk assessment methodologies and due diligence practices.
• Knowledge of financial industry regulations and guidance, including NCUA regulations, FFIEC guidance, and the Gramm-Leach-Bliley Act (GLBA).
• Experience managing multiple priorities in a fast-paced environment.
• Excellent analytical, critical thinking, communication, and organizational skills.
• Proficiency with Microsoft Office applications and vendor management systems.

• Certification in Vendor Relationship Management, such as Certified Regulatory Vendor Program Manager (CRVPM) Level 3, or equivalent certification.
• Knowledge of business continuity and third-party resilience requirements.
• Experience working within a financial institution or highly regulated industry.

In this role, you will help ensure:

• Vendors are thoroughly vetted and monitored throughout their lifecycle.
• Risk assessments are completed accurately and timely.
• Emerging risks are escalated appropriately to stakeholders and leadership.
• Vendor relationships are managed proactively and effectively.
• The credit union maintains a strong, compliant, and service-focused third-party risk program.

Our perks include: 

• Excellent health insurance options to support you and your family 

• 401(k) with employer match to help you invest in your future 

• Generous paid time off so you can recharge and live your life 

• Paid holidays and wellness-focused benefits 

• Opportunities for professional growth and leadership development 

• A people-first culture that values inclusion, purpose, and impact 

• And more benefits designed to support you—at work and beyond 

Our Commitment 

At Summit Credit Union, different makes us better. We are proud to be an Equal Employment Opportunity employer and are committed to building a diverse, inclusive workplace where everyone belongs and can do their best work. 

Ready to help us manage risk while building strong vendor partnerships? Apply today and join a team dedicated to protecting and strengthening our organization for the future.

Additional Information 

• Physical Demands of Position: While performing the duties of this job, the employee is continuously required to stand, walk and sit, use hands and fingers. The employee occasionally must reach above and below shoulder level, and lift/push/pull and/or carry up to 40 pounds. 

• Environmental/Working Conditions: Works in a typical administrative setting with climate control and appropriate lighting. Saturday hours required. 

• Equipment Used: Computer terminal/PC, calculator, printer/copiers, telephone. 

• EEO Statement: At Summit Credit Union, we are committed to providing Equal Employment Opportunity regardless of race, color, religion, sex, age, national origin, disability, military and veteran status, sexual orientation, gender identity, marital status or any other characteristic protected by local, state, or federal law. We embrace diversity and believe that inclusion is critical to our success as a credit union. Different makes us better. Employment decisions are made based on qualifications, merit, and business need.