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Third Party Risk Management Intern Jobs in Illinois

The ThirdParty Risk Management (TPRM) Lead is responsible for executing thirdparty risk management ... Key Accountabilities Third Party Risk Management * Provide guidance and support to business ...

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Third Party Risk Management Intern information

What does a third party risk management intern do?

A Third Party Risk Management Intern assists a company in identifying, assessing, and mitigating risks associated with external vendors, suppliers, or partners. Their responsibilities often include helping with due diligence processes, collecting and analyzing vendor risk data, and ensuring third parties comply with company policies and regulatory requirements. Interns may also support in preparing reports, maintaining risk documentation, and collaborating with other departments to manage vendor relationships. This role provides valuable exposure to compliance, cybersecurity, and operational risk management practices.

What are the key skills and qualifications needed to thrive as a third party risk management intern, and why are they important?

To thrive as a Third Party Risk Management Intern, you need a foundation in risk assessment, data analysis, and familiarity with compliance standards, often supported by coursework in business, finance, or information security. Experience with risk management tools, vendor management systems, and proficiency in Excel or similar data analytics platforms are typically required. Strong attention to detail, effective communication, and the ability to work collaboratively help interns excel in cross-functional environments. These skills are crucial for accurately identifying and mitigating third-party risks, ensuring organizational compliance, and supporting successful vendor relationships.

What types of projects and tasks can a third party risk management intern expect to work on during their internship?

As a Third Party Risk Management Intern, you can expect to assist with tasks such as conducting due diligence on vendors, helping to analyze risk assessments, and supporting the ongoing monitoring of third-party relationships. Interns often work closely with senior risk analysts and compliance teams to gather documentation, review vendor performance, and update risk registers or databases. This role provides exposure to regulatory requirements, risk mitigation strategies, and cross-department collaboration, making it a valuable learning experience for anyone interested in risk management or compliance careers.
What are the most commonly searched types of Third Party Risk Management jobs in Illinois? The most popular types of Third Party Risk Management jobs in Illinois are:
What cities in Illinois are hiring for Third Party Risk Management Intern jobs? Cities in Illinois with the most Third Party Risk Management Intern job openings:

IT Security Manager - Third-Party IT Risk Manager

Wolters Kluwer

Chicago, IL • On-site

Other

Medical, Dental, Vision, Retirement, PTO

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


Wolters Kluwer rating

9.0

Company rating: 9.0 out of 10

Based on 28 frontline employees who took The Breakroom Quiz

32nd of 243 rated software companies


Job description

Third-Party IT Risk Manager

Third-Party IT Risk Manager is responsible for leading and modernizing Wolters Kluwer's global third-party cyber risk management capability across a highly distributed, market-driven technology and supplier landscape. This role ensures third-party engagements align with the organization's risk appetite, security standards, and regulatory expectations and lead the execution of a scalable, intelligence-led TPRM program that delivers meaningful and defensible assurance over third-party cyber riskmoving beyond traditional, questionnaire-centric models.

The role partners closely with Global Supply Chain, Procurement, Legal, and Privacy teams to reduce fragmentation across markets by translating diverse, market-specific approaches into standardized enterprise agreements, security configurations, and control expectations. A core focus of this position is innovation: designing and implementing differentiated third-party assurance approaches that leverage automation, technical validation, and continuous monitoring to provide real-time insight into supplier risk rather than relying solely on static assessments.

Responsibilities

Program Leadership & Modernization

  • Lead and evolve Wolters Kluwer's global Third Party Risk Management (TPRM) program and operating model, ensuring it is scalable, risk based, and aligned with enterprise cyber risk governance.
  • Modernize TPITRM by shifting from a primarily questionnaire driven approach to a data driven program that incorporates technical validation, continuous monitoring, AI, and risk quantification.
  • Lead, whether functionally or formally junior team members as a manager level leader across the TPRM function to drive successful outcomes across the entire TPRM unit.

Continuous Monitoring, Automation & Innovation

  • Implement continuous monitoring capabilities to deliver near real time visibility into third party cyber posture, control performance, and emerging risk indicators.
  • Design and deploy innovative approachesincluding automation and AI assisted techniquesfor evidence collection, risk scoring, and exception management.
  • Continuously assess emerging tools, data sources, and assurance models to improve risk coverage, reduce assessment friction, and enhance signal quality beyond traditional questionnaires.

Contract Review

  • Strong skills in the development, review, and analysis of third party contracts to ensure Company requirements, principles, and assets are sufficiently protected in accordance with internal expectations.
  • Strong business acumen and ability to identify technical and functional requirements that do not align or meet Company needs, suggest enhancements, and have them accepted and implemented by the supplier.

Governance, Reporting & Escalation

  • Maintain a centralized, enterprise wide inventory of third party relationships, risk tiers, and risk treatment decisions.
  • Provide clear, concise reporting on third party cyber risk posture, trends, and concentration risk to senior leadership.

Leadership & Collaboration

  • Build, lead, and develop a high performing team of third party risk professionals and technical reviewers.
  • Foster a culture of accountability, innovation, and constructive challenge consistent with Wolters Kluwer values and operating principles.
Job Qualifications

Bachelors degree in computer science, information security, management information systems or similar.

12+ years of experience in cybersecurity, technology risk, or information security, including significant ownership of third party or supplier cyber risk management in large, complex enterprises.

5+ years of leadership (direct managerial experience or functional delivery leading teams).

Proven experience designing and leading a global TPRM program across the full third party risk lifecycle.

Demonstrated success modernizing TPRM by implementing risk based approaches that integrate technical validation, automation, and continuous monitoring.

Demonstrated success owning decisions and outcomes at a senior level independently without formal authority.

Strong technical fluency across cloud platforms, APIs, identity, data flows, and integration architectures, with the ability to partner credibly with security architects and technical SMEs.

Experience overseeing advanced technical assessments for high risk or critical third parties, such as architecture reviews, vulnerability assessments, penetration testing, and threat modeling.

Ability to operate effectively in highly distributed, market driven environments.

Demonstrated leadership experience, including building high performing teams and influencing senior stakeholders across Technology, Procurement, Legal, Privacy, and Enterprise Risk Management.

Strong executive communication skills, with experience reporting third party cyber risk posture and trends to senior leadership.

Preferred qualification

Familiarity with systemic, concentration, and fourth-party risk.

Working knowledge of NIST CSF, ISO 27001, GDPR, and CCPA.

Relevant certifications (e.g., CISSP, CISM, CTPRP, CRISC, CISA) #LI-Hybrid

Our Interview Practices

To maintain a fair and genuine hiring process, we kindly ask that all candidates participate in interviews without the assistance of AI tools or external prompts. Our interview process is designed to assess your individual skills, experiences, and communication style. We value authenticity and want to ensure we're getting to know younot a digital assistant. To help maintain this integrity, we ask to remove virtual backgrounds and include in-person interviews in our hiring process. Please note that use of AI-generated responses or third-party support during interviews will be grounds for disqualification from the recruitment process.

Applicants may be required to appear onsite at a Wolters Kluwer office as part of the recruitment process.

Compensation:

$118,300.00 - $207,400.00 USDThis role is eligible for Bonus.

Compensation range listed is based on primary location of the position. Actual base salary offer is influenced by a wide array of factors including but not limited to skills, experience and actual hiring location. Your recruiter can share more information about the specific offer for the job location during the hiring process.

Additional Information:

Wolters Kluwer offers a wide variety of competitive benefits and programs to help meet your needs and balance your work and personal life, including but not limited to: Medical, Dental, & Vision Plans, 401(k), FSA/HSA, Commuter Benefits, Tuition Assistance Plan, Vacation and Sick Time, and Paid Parental Leave. Full details of our benefits are available upon request.


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