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Internship Vendor Risk Analyst Jobs in Illinois (NOW HIRING)

ZS

Governance & Risk Analyst

Chicago, IL · On-site

$85K - $95K/yr

Governance & Risk Analyst in the Enterprise will... The GRC Analyst will support the organization ... Review vendor security questionnaires, supporting evidence, and contractual artifacts to assess ...

Invesco

Junior Risk Analyst

Downers Grove, IL · Hybrid

... internships included) in investment risk, performance measurement/attribution, portfolio analytics, trading/markets, or a related asset-management function; exposure to index/passive or ETFs is a ...

SageSure

Senior Catastrophe Risk Analyst

Chicago, IL · On-site

Experience in the (re)insurance, ILS, consulting, or catastrophe model vendor environment ... or risk analytics. Catastrophe Risk R&D: At SageSure, the Catastrophe Risk R&D team is redefining ...

Orion

Senior Privacy & AI Risk Analyst

Mundelein, IL · Hybrid

As a Senior Privacy & AI Risk Analyst, you will be expected to spearhead privacy initiatives and ... In coordination with Information Security Team, assist in Vendor Risk Assessments relating to ...

Chicago Public Schools

The Risk and Insurance Analyst will be held accountable for the following responsibilities ... Aid in the compliance review of insurance requirements for CPS vendors, based on the guidelines ...

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Internship Vendor Risk Analyst information

What is an internship vendor risk analyst?

An Internship Vendor Risk Analyst is an entry-level position, often designed for students or recent graduates, that focuses on assessing and managing the risks associated with third-party vendors. Interns in this role help organizations evaluate the security, compliance, and reliability of vendors by analyzing documentation, conducting risk assessments, and supporting ongoing risk monitoring activities. They work under the guidance of senior analysts to ensure vendors meet company standards and regulatory requirements, gaining hands-on experience in risk management and vendor oversight.

What are some common challenges internship vendor risk analysts face when assessing third-party vendors?

Internship Vendor Risk Analysts often encounter challenges such as limited access to comprehensive vendor data, navigating complex regulatory requirements, and balancing multiple stakeholder interests. Interns must learn to evaluate risk with incomplete information and communicate findings clearly to both internal teams and vendors. Building strong analytical and communication skills, as well as understanding the organization's risk appetite, are key to overcoming these challenges and making meaningful contributions during the internship.

What are the key skills and qualifications needed to thrive as an internship vendor risk analyst, and why are they important?

To thrive as an Internship Vendor Risk Analyst, you need a solid understanding of risk assessment, vendor management principles, and basic knowledge of compliance frameworks, often supported by coursework in finance, business, or information security. Familiarity with tools like Excel, risk management software, and platforms such as SAP Ariba or RSA Archer is typically expected. Attention to detail, analytical thinking, and effective communication are standout soft skills for gathering data and collaborating with internal stakeholders. These skills are crucial for identifying potential vendor risks, ensuring regulatory compliance, and supporting organizational decision-making.

What is the difference between Internship Vendor Risk Analyst vs Vendor Risk Analyst?

AspectInternship Vendor Risk AnalystVendor Risk Analyst
CredentialsTypically pursuing or recent graduate, some certifications optionalUsually requires professional certifications like CRISC or CTP
Work EnvironmentInternship setting, entry-level tasks, learning-focusedFull-time role, responsible for ongoing risk assessments
Industry UsageCommon in finance, consulting, and tech companies for trainingEstablished position in risk management departments across industries

The Internship Vendor Risk Analyst is an entry-level role designed for students or recent graduates gaining experience in vendor risk management. In contrast, the Vendor Risk Analyst is a full-time professional responsible for ongoing risk assessments and mitigation strategies. While both roles involve evaluating vendor risks, the internship focuses on learning and support, whereas the analyst role involves independent decision-making and expertise.

What are the most commonly searched types of Vendor Risk Analyst jobs in Illinois? The most popular types of Vendor Risk Analyst jobs in Illinois are:
What are popular job titles related to Internship Vendor Risk Analyst jobs in Illinois? For Internship Vendor Risk Analyst jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Internship Vendor Risk Analyst jobs in Illinois look for? The top searched job categories for Internship Vendor Risk Analyst jobs in Illinois are:
What cities in Illinois are hiring for Internship Vendor Risk Analyst jobs? Cities in Illinois with the most Internship Vendor Risk Analyst job openings:
Internship Vendor Risk Analyst jobs near you

Governance & Risk Analyst

ZS

Chicago, IL • On-site

$85K - $95K/yr

Full-time

Re-posted 26 days ago

Job description

ZS is a place where passion changes lives. As a management consulting and technology firm focused on improving life and how we live it, we transform ideas into impact by bringing together data, science, technology and human ingenuity to deliver better outcomes for all. Here you'll work side-by-side with a powerful collective of thinkers and experts shaping life-changing solutions for patients, caregivers and consumers, worldwide. ZSers drive impact by bringing a client-first mentality to each and every engagement. We partner collaboratively with our clients to develop custom solutions and technology products that create value and deliver company results across critical areas of their business. Bring your curiosity for learning, bold ideas, courage and passion to drive life-changing impact to ZS.
What you'll do: Governance & Risk Analyst in the Enterprise will...
The GRC Analyst will support the organization's Governance, Risk & Compliance function with a primary focus on Third-Party Risk Management (TPRM) and Vendor Risk Assessments (VRA). This role is responsible for conducting end-to-end risk assessments of third-party vendors, identifying security, privacy, and compliance risks, and working with internal stakeholders and vendors to ensure timely risk remediation and closure.
The role requires strong analytical skills, stakeholder engagement, and familiarity with information security, privacy, and regulatory frameworks.
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 reporting
  • Review vendor security questionnaires, supporting evidence, and contractual artifacts to assess information security, privacy, and compliance risks
  • Identify inherent and residual risks across domains such as not limited only to below:
    • Information Security
    • Data Privacy
    • Access Controls
    • Business Continuity & Disaster Recovery
    • Regulatory & Compliance requirements
  • Clearly document assessment findings, risk ratings, and remediation recommendations in risk management tools and trackers
  • Coordinate with vendors to obtain clarifications, remediation plans, and follow-up evidence for identified gaps

Stakeholder Collaboration & Governance
  • Partner with internal teams including Procurement, Legal, Information Security, Privacy, and Business Owners to support third-party onboarding and risk decisions
  • Escalate high-risk findings and delays to GRC leadership with clear summaries and recommended actions
  • Support second-level reviews and management reporting for VRAs and TPRM activities

Risk Reporting & Continuous Improvement
  • Maintain accurate risk registers, assessment trackers, and dashboards for VRA/TPRM
  • Contribute to improving TPRM frameworks, workflows, and reporting to enhance stakeholder value
  • Assist in developing and updating SOPs, templates, and guidance documents related to vendor risk management

Audit & Compliance Support
  • Support internal and external audits by providing VRA documentation, evidence, and risk summaries
  • Assist with broader GRC initiatives such as policy reviews, opportunity security risk assessments, and compliance assessments as needed

What you'll bring:
  • Bachelor's degree in computer science, Information Systems, or a related field. A relevant master's degree is a plus.
  • Proven experience of at least 2 years or more in IT risk management, governance, or a related field.
  • Strong understanding of IT risk assessment methodologies, frameworks, and industry best practices.
  • Assess vendor security posture against frameworks such as ISO 27001 / 27002, NIST, and SOC 2.
  • Familiarity with regulatory requirements (e.g., GDPR, HIPAA, PCI DSS) and their impact on IT risk management.
  • Knowledge of vendor risk management principles and practices.
  • Experience in performing process, Contract review and project security risk assessments.
  • Proficiency in using risk assessment tools and technologies.
  • Excellent analytical and problem-solving skills.
  • Strong written and verbal communication skills, with the ability to effectively communicate technical concepts to both technical and non-technical audiences.
  • Strong organizational and time management skills, with the ability to manage multiple priorities and deadlines.
  • Relevant certification such as ISO 27001:2022 LA is preferred.
  • Fluency in English
  • Client-first mentality
  • Intense work ethic
  • Collaborative spirit and problem-solving approach

How you'll grow:
  • Cross-functional skills development & custom learning pathways
  • Milestone training programs aligned to career progression opportunities
  • Internal mobility paths that empower growth via s-curves, individual contribution and role expansions

Perks & Benefits:
At ZS, your growth matters. We offer a comprehensive total rewards package that supports your health and well-being, financial future, time away, and professional development. With robust skills-building programs, multiple career progression paths, internal mobility, and a deeply collaborative culture, you'll have the opportunity to do meaningful work, expand your capabilities, and thrive as part of a global community. For details on total rewards in United States, visit ZS US office locations | Where we work | ZS.
Hybrid working model:
We are committed to giving our employees a flexible and connected way of working. A flexible and connected ZS allows us to combine work from home and on-site presence at clients/ZS offices for the majority of our week. The magic of ZS culture and innovation thrives in both planned and spontaneous face-to-face connections.
Travel:
Travel is a requirement at ZS for client facing ZSers; business needs of your project and client are the priority. While some projects may be local, all client-facing ZSers should be prepared to travel as needed. Travel provides opportunities to strengthen client relationships, gain diverse experiences, and enhance professional growth by working in different environments and cultures.
Considering applying?
At ZS, we honor the visible and invisible elements of our identities, personal experiences, and belief systems-the ones that comprise us as individuals, shape who we are, and make us unique. We believe your personal interests, identities, and desire to learn are integral to your success here. We are committed to building a team that reflects a broad variety of backgrounds, perspectives, and experiences. Learn more about our inclusion and belonging efforts and the networks ZS supports to assist our ZSers in cultivating community spaces and obtaining the resources they need to thrive.
If you're eager to grow, contribute, and bring your unique self to our work, we encourage you to apply.
ZS is an equal opportunity employer and is committed to providing equal employment and advancement opportunities without regard to any class protected by applicable law.
Work Authorization:
This position is not eligible for visa sponsorship. Candidates must have authorization to work in the United States that does not now or in the future require employer sponsorship.
To complete your application:
An on-line application, including a full set of transcripts (official or unofficial), is required to be considered.
NO AGENCY CALLS, PLEASE.
Find Out More At:
www.zs.com
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About ZS

Sourced by ZipRecruiter

Industry

Business management consulting

Company size

10,000+ Employees

Headquarters location

Evanston, IL, US

Year founded

1983

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