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Internship Vendor Risk Analyst Jobs in Michigan (NOW HIRING)

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 ...

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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.

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Internship Vendor Risk Analyst jobs near you

IT Securtity Risk Specialist

Epitec, Inc.

Southfield, MI • On-site

Full-time

Re-posted 22 days ago

Job description

Company Description

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Job Description

This position will be responsible for completing Vendor Assessments for the Vendor Risk Management team.
This role will primarily focus on the following specific areas of responsibility:
-Day-to-day management of Information Security risk identification, mitigation and acceptance processes in coordination with security operations and maintaining program requirements language
-Execution of training, education and awareness of all users, managers and board members regarding Information Security vendor requirements and expectations
-Operational risk planning, mitigation and remediation to address Information Security deficiencies
-Identifying new vendor engagements and renewal of existing vendor assessments. Coordinating distribution and completion of vendor assessment questionnaire
-Reviewing on-site assessment reports, examining risks and controls associated with all aspects of the vendor
-Drafting preliminary findings reports
-Conducting preliminary results meeting with BCBSM and its subsidiaries stakeholders and management staff
-Receiving and review vendor response-action plan, if necessary
-Communicates the results of assessment and-or projects in a clear and concise manner to all levels of management
-Designs and operate key operational and executive metrics, reports and dashboards

Qualifications

 5+ years of Vendor Risk Management in the Healthcare space
- Strong knowledge of HIPAA and other applicable Healthcare laws
- Strong understanding of the development and operation of a Risk Management program

Additional Information
 Extensive experience building and managing a diverse and inclusive team environment with strong commitment to respect, equality and teaming.
- Strong understanding of IT Audit/Information Security control review and remediation plans
- Strong understanding of Information Security and the relationship between threat, vulnerability and information
- Good understanding of risk-based decision-making (i.e. risk analysis, mitigation, resolution, acceptance, etc.)
- Possess a good understanding of appropriate leading-edge governance-enabling technologies.
- Possess a good understanding of regulatory and best practice frameworks in the information security context (HITRUST, HIPAA, HITECH, ISO, etc)
- Strong written and verbal communication skills


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