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Third Party Risk Management Jobs in Illinois (NOW HIRING)

HSBC

Third Party Management Manager

Chicago, IL · On-site

The role of the Senior Manager, TPM in each region is to lead the topics of Third Party Risk, Contracts Lifecycle Management and Supplier Management - collectively Third Party Management. The role ...

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 ...

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Third Party Risk Management information

See Illinois salary details

$49.9K

$108.1K

$164.7K

How much do third party risk management jobs pay per year?

As of Aug 7, 2026, the average yearly pay for third party risk management in Illinois is $108,101.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $125,000.00 per year, depending on experience, location, and employer.

What is a third party risk management?

A Third Party Risk Management (TPRM) job involves assessing, monitoring, and mitigating risks associated with an organization's external vendors, suppliers, and service providers. Professionals in this role evaluate third parties for compliance, cybersecurity vulnerabilities, financial stability, and operational risks. They develop frameworks, conduct risk assessments, and ensure that vendors meet regulatory and organizational standards. TPRM specialists collaborate with internal teams like compliance, procurement, and IT security to protect the organization's interests. Their goal is to minimize potential disruptions, data breaches, or regulatory non-compliance stemming from third-party relationships.

What are some common challenges faced in a third party risk management role, and how are they addressed?

One of the primary challenges in Third Party Risk Management is keeping up with evolving regulatory requirements and the diverse risk profiles of different vendors. Professionals in this role often encounter situations where they must coordinate risk assessments across multiple departments and ensure timely responses from both internal teams and external partners. To address these challenges, strong project management skills, proactive communication, and the use of dedicated risk management tools are essential. Many organizations also emphasize ongoing training and cross-functional collaboration to stay ahead of emerging risks and regulatory changes.

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

To thrive in Third Party Risk Management, you need a strong understanding of risk assessment, compliance regulations, vendor management, and data analysis, typically supported by a bachelor's degree in business, finance, or a related field. Familiarity with risk assessment tools, third-party risk management platforms (such as Archer or ProcessUnity), and certifications like Certified Third Party Risk Professional (CTPRP) are common in this field. Exceptional communication, negotiation, and analytical-thinking skills are crucial soft skills for engaging vendors and stakeholders effectively. These abilities ensure comprehensive risk mitigation and help organizations maintain compliance and security while building strong external partnerships.

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 are popular job titles related to Third Party Risk Management jobs in Illinois? For Third Party Risk Management jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Third Party Risk Management jobs in Illinois look for? The top searched job categories for Third Party Risk Management jobs in Illinois are:
What cities in Illinois are hiring for Third Party Risk Management jobs? Cities in Illinois with the most Third Party Risk Management job openings:
Third Party Risk Management jobs near you
Infographic showing various Third Party Risk Management job openings in Illinois as of August 2026, with employment types broken down into 87% Full Time, 10% Part Time, 1% Temporary, and 2% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $108,101 per year, or $52 per hour.

Third Party Risk Control Manager - Vice President

JPMorgan Chase & Co

Chicago, IL • On-site

Full-time

Medical, Retirement

Posted 15 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 493 frontline employees who took The Breakroom Quiz

73rd of 170 rated banks

Job description

Join our Commercial & Investment Bank (CIB) Controls team, where you'll help shape how we identify, govern, and manage risk from a complex third-party ecosystem. You'll play a key role in transforming risk assessments into actionable insights that protect our clients, data, and operations.

As a Third Party Risk & Controls Insights Vice President in CIB Controls, you will drive the insights agenda across the third-party lifecycle. You'll turn assessment and monitoring outputs into meaningful narratives, themes, and recommendations. Your work will support risk acceptance and remediation prioritization, helping us maintain a strong risk posture and safeguard our reputation. You'll collaborate with diverse teams and use your judgment and communication skills to ensure risk conclusions are clear and actionable.

Job Responsibilities

  • Compile and analyze third-party risk information, summarizing key impacts for business and Finance & Business Management (F&BM) partners.
  • Produce executive governance updates and materials for CIB controls and third-party risk forums.
  • Support third-party lifecycle reporting by following established standards for risk statements, residual risk language, materiality thresholds, and issue categorization.
  • Perform quality checks on risk assessments and monitoring outputs; flag gaps and coordinate updates with partner teams.
  • Identify recurring themes and emerging risks across the vendor portfolio and escalate items that meet defined thresholds.
  • Create residual risk summaries and remediation options to support risk acceptance and prioritization discussions.
  • Review and provide input on business cases for new or expanded vendor engagements, identifying opportunities to leverage existing vendors.
  • Maintain and refresh tracking for key third-party risk and control metrics (KRIs/KPIs), thresholds, and trend summaries; contribute content for dashboards and routine reporting.
  • Track third-party control issues through testing, monitoring, and closure, ensuring documentation and evidence meet standards.
  • Coordinate with Controls, Technology, Procurement, Legal, Compliance, Operational Risk, and business stakeholders to collect inputs and support a consistent view of third-party risk posture.
     

Required Qualifications, Capabilities, and Skills

  • Demonstrated expertise in control management within financial services, focusing on compliance and operational risk mitigation.
  • Hands-on experience supporting third-party risk activities across the vendor lifecycle, with ability to document clear risk conclusions and support decision materials.
  • Ability to summarize assessment and monitoring results into executive-ready updates, including key themes, emerging risks, and recommended next steps.
  • Ability to translate technical risk topics into business-friendly language, including concise risk statements and practical mitigations.
  • Strong analytical and technical literacy, including interpreting process flows, supporting KRI/KPI definition and tracking, and communicating insights.
  • Effective stakeholder management skills, partnering across controls, procurement, legal, compliance, technology, and business teams.
  • Strong written and verbal communication skills, including drafting governance materials and briefing leaders with clear messaging.
     

Preferred Qualifications, Capabilities, and Skills

  • Experience supporting third-party risk portfolio reporting and governance routines, including maintaining taxonomies and producing management information.
  • Ability to partner with analytics/automation teams to improve monitoring and insights for third-party risk and controls.
  • Working knowledge of operational resilience concepts, including business service mapping, recovery expectations, and dependency analysis.
  • Strong collaboration and influencing skills to reinforce standards, raise credible challenge, and support alignment on remediation priorities.
  • Understanding of the CIB business context to support third-party risk discussions and align recommendations with client, regulatory, and operational expectations.

**To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment-based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).**

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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