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Internship Vendor Risk Management Jobs in Chicago, IL

ZS

Governance & Risk Analyst

Chicago, IL · On-site

$85K - $95K/yr

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 ...

Crowe LLP

Third Party Risk Manager

Chicago, IL · On-site

Certified Vendor Risk Management Professional (CVRMP) * Shared Assessments or other vendor risk management certification * CISM * CRISC * Familiarity with information security and regulatory ...

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Internship Vendor Risk Management information

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

AspectInternship Vendor Risk ManagementVendor Risk Analyst
CredentialsRelevant coursework, internships, or certifications in risk management or businessBachelor's degree in risk management, finance, or related field; certifications like CRM or FRM are common
Work EnvironmentInternship setting within companies, assisting with vendor assessments and risk reviewsFull-time role analyzing vendor risks, developing risk mitigation strategies
Industry UsageUsed in organizations to train and evaluate potential future risk professionalsCommonly employed in finance, healthcare, and technology sectors for ongoing risk analysis

Internship Vendor Risk Management focuses on learning and supporting vendor risk processes during an internship, while a Vendor Risk Analyst is a full-time professional responsible for analyzing and managing vendor risks within an organization.

What are the most commonly searched types of Vendor Risk Management jobs in Chicago, IL? The most popular types of Vendor Risk Management jobs in Chicago, IL are:
What are popular job titles related to Internship Vendor Risk Management jobs in Chicago, IL? For Internship Vendor Risk Management jobs in Chicago, IL, the most frequently searched job titles are:
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Internship Vendor Risk Management jobs near you
Infographic showing various Internship Vendor Risk Management job openings in Chicago, IL as of July 2026, with employment types broken down into 2% Internship, 75% Full Time, 21% Part Time, 1% Temporary, and 1% Contract. Highlights an 87% Physical, 2% Hybrid, and 11% Remote job distribution.

Risk Management Specialist

BCS Financial Corporation

Villa Park, IL • On-site

$70K - $85K/yr

Full-time

This job post has expired 1 day ago. Applications are no longer accepted.

Job description

Position Overview

The Risk Management Specialist plays a strategic role in supporting the Enterprise Risk Management (ERM) function by identifying, assessing, monitoring, and mitigating risks across the organization, with a strong emphasis on insurance industry operations and regulatory requirements. This role supports enterprise-wide risk initiatives, third-party risk oversight, fraud prevention compliance, and regulatory reporting while partnering with business leaders to promote a risk-aware culture.

This position reports to the Director of Enterprise Risk Management.


Essential Elements

Third-Party Risk Management (TPRM)

  • Support execution and continuous improvement of the TPRM program.
  • Conduct pre-contract due diligence and ongoing vendor risk assessments.
  • Facilitate annual vendor reviews and ensure timely remediation of identified issues.
  • Administer and maintain vendor risk management systems/platforms.
  • Prepare monthly and quarterly vendor risk dashboards and reporting.

Vendor Inventory Management

  • Maintain accuracy and completeness of the vendor inventory database.
  • Ensure vendor records remain current and compliant with internal standards.

Special Investigations Unit (SIU) Coordination

  • Coordinate investigations of suspected fraudulent insurance claims.
  • Maintain accurate and detailed investigative documentation.
  • Ensure compliance with state anti-fraud regulations and reporting deadlines.
  • File required reports with state Departments of Insurance.
  • Coordinate annual and new hire fraud awareness training.

Enterprise Risk Management Support

  • Support enterprise risk assessments, risk identification, mitigation planning, and monitoring activities.
  • Maintain enterprise risk registers and supporting documentation.
  • Assist with control assessments and issue tracking.

Risk Reporting & Analytics

  • Develop and maintain dashboards, KRIs, and management reporting.
  • Analyze trends and emerging risks for leadership review.

Compliance & Regulatory Support

  • Assist with ORSA documentation and NAIC-related reporting.
  • Review SOC 1 reports and track Complementary User Entity Controls (CUECs).
  • Support internal and external audit requests as needed.

Continuous Improvement / Projects

  • Participate in cross-functional strategic initiatives.
  • Identify automation and process improvement opportunities across risk programs.


Requirements

Education

  • Bachelor’s degree in Risk Management, Finance, Accounting, Business, or related field required. Equivalent experience considered.

Experience

  • 0-2 years of experience in enterprise risk management, internal audit, compliance, insurance operations, or related field preferred.
  • Experience with third-party risk management, vendor governance, or GRC systems strongly preferred.
  • Experience with insurance regulatory environments highly desirable.

Skills

  • Microsoft Excel, PowerPoint, Word (advanced proficiency preferred)
  • Experience with GRC platforms, vendor management tools, or data visualization tools (Power BI preferred)
  • Strong analytical and critical thinking skills
  • Excellent written and verbal communication
  • High attention to detail and organization
  • Ability to manage multiple priorities independently
  • Strong stakeholder relationship skills


Travel Required

  • Less than 10%