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Third Party Risk Analyst Jobs in Michigan (NOW HIRING)

Information Security experience (preferably Third Party Risk Management and Compliance) Familiarity with SOC 1 (SSAE 16*) and SOC 2 (**AT101) reports Ability to write process, procedures, flowcharts ...

Non Exempt Job Summary The Partnership Risk Analyst plays a key role in maintaining and enhancing ... Demonstrates the ability to build and maintain positive third-party partner relationships by ...

Risk Analyst

Detroit, MI · Hybrid

$95K - $110K/yr

Risk Analyst - Detroit Who: A growing auto finance company building out its credit risk team. What: Analyze and forecast repossessions, origination risks, servicing exposure, and overall credit ...

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Third Party Risk Analyst information

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$13

$35

$57

How much do third party risk analyst jobs pay per hour?

As of Aug 7, 2026, the average hourly pay for third party risk analyst in Michigan is $35.29, according to ZipRecruiter salary data. Most workers in this role earn between $25.96 and $42.93 per hour, depending on experience, location, and employer.

How does a third party risk analyst typically collaborate with other departments to manage vendor risks?

A Third Party Risk Analyst works closely with departments such as procurement, legal, IT security, and compliance to assess and mitigate potential risks posed by vendors and service providers. Collaboration often involves reviewing contracts, conducting risk assessments, and ensuring vendors meet the organization's security and compliance requirements. Regular communication and joint meetings are common to align on risk standards and address any emerging concerns. This cross-functional teamwork ensures a comprehensive approach to managing third-party risks and maintaining regulatory compliance.

What is the difference between Third Party Risk Analyst vs Vendor Risk Analyst?

AspectThird Party Risk AnalystVendor Risk Analyst
CertificationsCertifications like CRISC, CISA often preferredSimilar certifications, often the same as Third Party Risk Analyst
Work EnvironmentFinancial institutions, corporations managing third-party relationshipsOrganizations assessing vendor security, compliance, and performance
Industry UsageCommon in finance, healthcare, and tech sectorsPrimarily in procurement, supply chain, and IT sectors

The main difference is that a Third Party Risk Analyst focuses on assessing risks associated with all third-party relationships, including vendors, partners, and service providers. A Vendor Risk Analyst specifically concentrates on evaluating risks posed by vendors and suppliers. While their roles overlap, the Third Party Risk Analyst has a broader scope, often handling multiple types of third-party relationships within various industries.

How much does a third-party risk analyst make?

A third-party risk analyst typically earns between $60,000 and $100,000 annually, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications like CRISC or CISSP can earn higher salaries. The role often requires strong analytical skills and knowledge of risk management tools.

What does a third-party risk analyst do?

A third-party risk analyst evaluates the risks associated with an organization’s vendors, suppliers, and partners to ensure compliance and mitigate potential threats. They review contracts, perform risk assessments, and monitor third-party performance using tools like risk management software. Strong analytical skills and knowledge of regulatory standards are essential for this role.

What are the key skills and qualifications needed to thrive as a third party risk analyst?

To thrive as a Third Party Risk Analyst, you need a solid understanding of risk management principles, vendor assessment processes, and compliance regulations, often supported by a degree in business, finance, or information security. Familiarity with risk assessment tools, GRC (Governance, Risk, and Compliance) platforms, and certifications like CTPRA or CRISC is highly valuable. Strong analytical thinking, attention to detail, and effective communication skills set exceptional analysts apart in this field. These competencies are crucial for identifying and mitigating vendor risks, ensuring organizational compliance, and safeguarding sensitive data.
What are the most commonly searched types of Third Party Risk Analyst jobs in Michigan? The most popular types of Third Party Risk Analyst jobs in Michigan are:
What job categories do people searching Third Party Risk Analyst jobs in Michigan look for? The top searched job categories for Third Party Risk Analyst jobs in Michigan are:
What cities in Michigan are hiring for Third Party Risk Analyst jobs? Cities in Michigan with the most Third Party Risk Analyst job openings:
Infographic showing various Third Party Risk Analyst job openings in Michigan as of August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $73,397 per year, or $35.3 per hour.

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 3 days ago

New


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