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Manager Vendor Risk Management Jobs in Illinois (NOW HIRING)

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 ...

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 ...

BCU

Sr Mgr, Vendor Management

Vernon Hills, IL · On-site

$144K - $216K/yr

Manages the day-to-day risk assessment process for all vendor onboarding activities in partnership with Procurement, Legal and other BCU stakeholders doing business with the third party. Critically ...

Harbor

Manager, Vendor Management Office

Chicago, IL · On-site +1

The Vendor Management Office team is a highly talented and cross-functional group of professionals who provide unique and unparalleled solutions to our clients through the combination of data ...

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Manager Vendor Risk Management information

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

AspectManager Vendor Risk ManagementVendor Risk Analyst
ResponsibilitiesOversees vendor risk programs, manages teams, develops policiesAssesses vendor risks, conducts evaluations, reports findings
Required CredentialsBachelor's degree, risk management certifications (e.g., CRISC), experience in vendor managementBachelor's degree, certifications like CRISC or CISA, analytical skills
Work EnvironmentLeadership role, strategic planning, cross-department collaborationAnalytical, detail-oriented, primarily office-based

The Manager Vendor Risk Management typically leads vendor risk programs and manages teams, requiring strategic oversight and leadership skills. In contrast, the Vendor Risk Analyst focuses on evaluating vendor risks and conducting assessments. Both roles require similar certifications and work in related environments, but differ in scope and responsibility.

What are the most commonly searched types of Vendor Risk Management jobs in Illinois? The most popular types of Vendor Risk Management jobs in Illinois are:
Manager Vendor Risk Management jobs near you

Risk Management Specialist

BCS Financial Corporation

Villa Park, IL • On-site

$70K - $85K/yr

Full-time

This job post has expired today. 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%