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Internship Vendor Risk Analyst Jobs in Michigan (NOW HIRING)

Alera Group

Risk Analyst

Lansing, MI · On-site +1

$87K - $110K/yr

Perform third-party security and compliance risk assessments for new and existing vendors ... Strong analytical, critical thinking, and communication skills with the ability to evaluate complex ...

Saanvi Technologies

GRC Analyst

Southfield, MI · On-site

... Analyst will support the firm's Governance, Risk, and Compliance (GRC) program by managing security ... Identify vendor security gaps, assign risk ratings, and recommend mitigations. Control Framework ...

CVS Health

Participants who complete the program will receive priority during the following internship recruiting season. * Introduction to Underwriting: Learn the basics of underwriting, risk analysis, and ...

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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 Michigan?

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

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

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

Internship Vendor Risk Analyst jobs near you

Risk Analyst

First National Bank of America

East Lansing, MI • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted yesterday

Job description

First National Bank of America has an opening for an investigative and detail-oriented Risk Analyst to join the Risk Management team. This position will focus on evaluating and risk-rating third parties to identify, assess, and monitor potential risks. The Risk Analyst role requires above-average attention to detail, a strong commitment to accuracy, and the ability to complete tasks on time. If you have a keen eye for detail, excellent analytical skills, and a passion for implementing robust risk management practices, we encourage you to apply.

Responsibilities:

  • Evaluating and risk-rating third parties in a manner that meets regulatory requirements and provides meaningful risk information to the business units that rely on those third parties
  • Maintaining contracts, business continuity plans, insurance certificates, audit reports, and other documentation for each third party
  • Producing quarterly reports for the Board of Directors regarding third-party onboarding, terminations, and significant events
  • Improving and maintaining the management information system that houses third-party information
  • Collaborating with business units and teammates to map vendor products and services to bank processes
  • Identifying and escalating emerging risks, such as those related to artificial intelligence or single points of failure

Qualifications:

  • Database Management and Record Management experience
  • Familiarity with Microsoft Excel pivot tables and formulas
  • Proven ability to communicate and collaborate with all levels within an organization through both verbal and written channels
  • Strong attention to detail and organization skills

Employee benefits

  • Medical - Multiple plans to choose from including HSA and traditional. Premiums as low as $0.00
  • Dental - Premiums as low as $0.00
  • Vision - Low premium Plan
  • Discounted childcare
  • Pet Insurance
  • Paid Time Off (PTO)
  • 401k with employer match
  • Adjustable desks that can be raised or lowered to sit or stand

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