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Senior Vendor Risk Management Jobs in Chicago, IL

Request Technology, LLC

Senior GRC Analyst

Chicago, IL · On-site

Senior GRC Analyst Salary: $120k-$140k + bonus Location: Chicago, IL or Austin, TX Hybrid: 3 days ... Manage the third-party Security Vendor Risk Management program, including assessments, remediation ...

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Senior Vendor Risk Management information

See Chicago, IL salary details

$23.2K

$121.8K

$216.3K

How much do senior vendor risk management jobs pay per year?

As of Sep 2, 2026, the average yearly pay for senior vendor risk management in Chicago, IL is $121,823.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,000.00 and $149,400.00 per year, depending on experience, location, and employer.

What does a senior vendor risk management professional do?

A Senior Vendor Risk Management professional is responsible for overseeing an organization’s third-party vendors to identify, assess, and mitigate risks that could impact business operations, data security, or regulatory compliance. They develop and implement vendor risk assessment frameworks, conduct thorough due diligence, and collaborate with other departments to ensure vendors meet company standards and legal requirements. Additionally, they monitor ongoing vendor relationships, manage risk remediation efforts, and often report findings to senior leadership or regulatory bodies.

What are the key skills and qualifications needed to thrive as a senior vendor risk management professional, and why are they important?

To thrive as a Senior Vendor Risk Management professional, you need expertise in risk assessment, third-party due diligence, and a solid understanding of regulatory compliance, often supported by a bachelor's degree in business, finance, or a related field. Familiarity with risk management platforms, vendor management systems, and certifications like CISA or CRVPM is commonly expected. Strong analytical thinking, communication, and negotiation skills are crucial for building effective relationships and addressing vendor issues. These skills and qualifications are essential for mitigating risks, ensuring compliance, and safeguarding organizational interests in vendor relationships.

What are some common challenges faced by senior vendor risk management professionals, and how can they be addressed?

Senior Vendor Risk Management professionals often encounter challenges such as navigating complex regulatory requirements, managing relationships with a diverse range of vendors, and ensuring consistent due diligence across all third parties. Addressing these challenges typically involves staying updated on relevant regulations, implementing robust risk assessment frameworks, and fostering strong communication with both internal stakeholders and vendors. Building cross-functional collaboration with legal, compliance, and procurement teams is also crucial for effectively mitigating vendor-related risks.

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

AspectSenior Vendor Risk ManagementVendor Risk Analyst
CertificationsCRISC, CISA, or similarCRISC, CISA, or similar
Work EnvironmentStrategic, leadership-focused, cross-departmentalOperational, data analysis, risk assessment
Employer & Industry UsageFinancial, healthcare, technology firmsFinancial, retail, technology sectors

Senior Vendor Risk Management roles typically involve strategic oversight and leadership in managing vendor risks, requiring advanced certifications and experience. Vendor Risk Analysts focus on data collection, risk assessment, and supporting vendor evaluations. While both roles require similar credentials, the senior role emphasizes strategy and management, whereas the analyst role is more operational and detail-oriented.

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 Senior Vendor Risk Management jobs in Chicago, IL?

For Senior Vendor Risk Management jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Senior Vendor Risk Management jobs in Chicago, IL look for?

The top searched job categories for Senior Vendor Risk Management jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Senior Vendor Risk Management jobs?

Cities near Chicago, IL with the most Senior Vendor Risk Management job openings:

Senior Vendor Risk Management jobs near you

Senior Counsel - Technology Transaction Attorney

UL Solutions

Northbrook, IL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

UL Solutions rating

8.3

Company rating: 8.3 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

30th of 120 rated laboratories

Job description


UL Solutions is seeking a practical, business-minded Senior Counsel to support the company's technology procurement and sourcing efforts. This attorney will partner closely with Sourcing, IT, Cybersecurity, Privacy, and other stakeholders to lead and execute inbound technology transactions, including managed services, outsourced services, software (SaaS, PaaS, IaaS), data, AI tools, and other technology solutions.
This role is designed for an attorney who can lead transactions end-to-end-from intake and RFP review through negotiation, signature, and post-signature enablement-and who can translate complex legal issues into clear, practical business guidance.
This is a hybrid position requiring three days per week in a UL Solutions office. The preferred location is Northbrook, IL, though candidates based near other UL Solutions offices (including Chicago or Austin) will be considered.
Responsibilities
Technology Procurement, Managed Services & Outsourcing Transactions
  • Lead the legal review, drafting, and negotiation of inbound technology agreements, including software licensing, SaaS/PaaS/IaaS, cloud hosting, professional services, data licensing, AI tools, and other technology acquisitions.
  • Structure and negotiate complex managed services and outsourcing arrangements, including master agreements, statements of work, governance schedules, and related project documentation.
  • Negotiate and operationalize key outsourcing constructs such as service levels and credits, governance models, audit rights, subcontractor controls, transition and exit obligations, disaster recovery, and risk allocation.
  • Advise on pricing mechanics, benchmarking, change control, renewal structures, and termination rights that impact operational resiliency and long-term cost.

Vendor Risk, Cybersecurity, Privacy & AI
  • Partner with Procurement, IT, Cybersecurity, Privacy, and other stakeholders to conduct vendor risk evaluations and develop risk-based contracting strategies.
  • Negotiate data protection, information security, incident response, audit, and subcontractor provisions, including data processing and security addenda.
  • Stay current on global legal developments relating to privacy, cybersecurity, and artificial intelligence and incorporate those developments into templates, playbooks, and negotiation positions.
  • Support vendor diligence relating to cybersecurity frameworks, as needed for transaction risk assessment.

Service Levels, Performance & Governance
  • Draft and negotiate service level agreements (SLAs) that establish measurable performance standards, escalation paths, and remedies aligned to business impact.
  • Advise technology buyers on best practices for developing statements of work, including concepts such as clearly defining scope of work, operational responsibilities, and governance structures to reduce ambiguity and disputes.
  • Advise business stakeholders on the effective use of SLAs and governance mechanisms over the life of vendor relationships.

Templates, Playbooks & Contracting Process
  • Draft, maintain, and continuously improve procurement-side templates, including master IT supplier agreements, managed services agreements, outsourcing frameworks, and negotiation playbooks.
  • Partner with Procurement to implement contracting policies, standard positions, and escalation guidelines that improve efficiency while managing risk.
  • Support adoption and effective use of contract workflow and lifecycle management tools (e.g., CLM platforms).

Cross-Functional Partnership & Leadership
  • Serve as a trusted legal advisor to Sourcing and IT leaders, providing practical, business-focused counseling.
  • Independently manage multiple complex matters, prioritize effectively, and drive transactions to completion.
  • Manage outside counsel where appropriate and support training of Procurement and IT stakeholders on recurring contracting topics.

Qualifications
Required:
  • Juris Doctor (JD) from an accredited law school and active state bar membership in good standing.
  • Significant experience advising on inbound technology procurement or technology transactions, either in-house or at a major law firm.
  • Strong experience negotiating technology agreements involving SaaS, cloud services, AI tools, data licensing, and IT services.
  • Demonstrated ability to collaborate cross-functionally with Procurement, IT, Cybersecurity, and Privacy teams.
  • Excellent judgment, communication skills, and ability to manage complex priorities in a fast-paced environment.

Preferred:
  • Experience negotiating managed services or outsourcing agreements, including complex SOW and governance structures.
  • Experience supporting vendor risk management initiatives and contracting for security and privacy requirements.
  • Familiarity with cybersecurity frameworks, such as SOC 2 and ISO 27001.
  • Experience developing templates, playbooks, or scalable contracting processes; familiarity with CLM tools such as Ironclad is a plus.
  • Privacy credentials (e.g., IAPP certifications).

What You'll Experience at UL Solutions
  • A mission-driven organization with global impact and a strong integrity-based culture.
  • High-impact work at the intersection of technology, procurement, cybersecurity, privacy, and enterprise risk management.
  • The opportunity to shape scalable contract frameworks that accelerate procurement outcomes while managing risk.
  • A collaborative, high-performing legal team that values practical counseling and close partnership with the business.

Total Rewards:
We understand compensation is an important factor as you consider the next step in your career. The estimated salary range for this position is $190,000 - $220,000 and is based on multiple factors, including job-related knowledge/skills, experience, geographical location, as well as other factors. This position is eligible for annual bonus compensation with a target payout of 20% of the base salary. This position also provides health benefits such as medical, dental and vision; wellness benefits such as mental and financial health; and retirement savings (401K) commensurate with the standard rewards offered in each individual location or country. We also provide full-time employees with paid time off including vacation (15 days), holiday including floating holidays (12 days) and sick time off (72 hours).
#LI-Hybrid #LI-EG1
About Us
A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.
About the Team
With our blend of vigilance, commitment and curiosity, we are an essential part of our organization's success. We untangle complexity, we manage risk and we protect innovation. We've been pioneering change since 1894 and we're still leading the way. Now we're looking for people to join our group of global professionals and help us transform safety, security and sustainability. Join our team and develop your skills in a fast-paced environment that values learning and professional growth.

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