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Internship Vendor Risk Analyst Jobs in Kansas (NOW HIRING)

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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 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 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 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 Kansas?

The most popular types of Vendor Risk Analyst jobs in Kansas are:

What cities in Kansas are hiring for Internship Vendor Risk Analyst jobs?

Cities in Kansas with the most Internship Vendor Risk Analyst job openings:

Internship Vendor Risk Analyst jobs near you

Vendor Risk Associate

The Rockridge Group

Topeka, KS

Full-time

Re-posted 28 days ago

Job description

Vendor Risk Associate
ABOUT THE POSITION:
This position will support the identification, vetting, and contracting process with regards to vendor / supply chain risk issues and will report to the Head of Vendor Risk Management.
Key categories of vendor risk management include:
  • Due Diligence
  • Monitoring
  • Managing
  • Mitigating
SPECIFIC RESPONSIBILITIES INCLUDE:
  • Review supplier initial due diligence materials (Compliance, IT Security, Financials)
  • Identify potential issues and establish appropriate follow up steps for uncovered issues
  • Monitor and report on any supply chain risk incident occurrences for critical vendors
  • Assist business owners and SSEM team members with vendor on-boarding; screening, risk assessments, etc.
  • Document the completion and acceptance of these actions
  • Create and conduct training for business owners on standards and practices associated with vendor / supply chain risk management
  • Manage routine supplier risk evaluation schedule; track contract renewals and expiration dates for existing contracts, insurance certificates, risk remediation status, etc.
  • Monitor and manage all supplier alerts provided by third party information services
  • Respond to and advise management of risk alerts, potential impacts of the risk alert and suggest corrective course of action to mitigate the impact of the risk incident
  • Maintain and update a supplier risk management database containing risk assessments, risk incidents, risk incident disposition, etc.
  • Leverage all available sources of risk information
  • Develop a deep knowledge of all applicable regulatory requirements regarding the monitoring and managing of third-party risk
  • Assist with the creation, implementation, and revisions of policies and procedures and associated governance models related to vendor/ supply chain risk management
  • Liaising with key organizational constituents to understand and document specific business requirements related to supply chain risk management
  • Maintain an audit ready status of the vendor management function
SKILLS & EXPERIENCE REQUIRED:
  • Bachelor’s degree
  • Minimum of 2 years direct working experience in managing vendor / supply chain risk
  • Experience in working with both internal and external auditors and compliance managers
  • Expertise in monitoring and managing key supplier risk, compliance and audit objectives
  • Excellent analytical skills and problem-solving capabilities
  • Team player who can collaborate across multiple functional areas
  • Individual who is results driven and who constantly raises the bar
  • Excellent communicator who can write and speak clearly, concisely, and convincingly
  • Self-starter capable of designing and implementing processes and controls
  • Working knowledge of key regulator monitoring and managing requirements of third-party suppliers