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Third Party Risk Management Jobs in Madison, WI (NOW HIRING)

Exactsciences

Lead Supply Chain Manager

Madison, WI · On-site

Includes performance management, risk monitoring, capacity management, change management, and ... Lead development of needed CapEx and OpEx budgets for third-party manufacturers in alignment with ...

Keller Inc

Safety Manager / Co-Owner

Sun Prairie, WI · On-site

$72K - $97K/yr

... risk management authority and/or personnel, including, but not limited to OSHA and DOSH * Manage Hazardous materials control program. Work with 3rd party services to review samples and test for ...

Keller Inc

Safety Manager / Co-Owner

Sun Prairie, WI · On-site

$72K - $97K/yr

... risk management authority and/or personnel, including, but not limited to OSHA and DOSH * Manage Hazardous materials control program. Work with 3rd party services to review samples and test for ...

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All JobsThird Party Risk Management JobsThird Party Risk Management Jobs in Madison, WI

Third Party Risk Management information

See Madison, WI salary details

$51.9K

$112.4K

$171.3K

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

As of Jul 15, 2026, the average yearly pay for third party risk management in Madison, WI is $112,407.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,700.00 and $130,000.00 per year, depending on experience, location, and employer.

What is a Third Party Risk Management job?

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 the Third Party Risk Management position, 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 Madison, WI? The most popular types of Third Party Risk Management jobs in Madison, WI are:
What are popular job titles related to Third Party Risk Management jobs in Madison, WI? For Third Party Risk Management jobs in Madison, WI, the most frequently searched job titles are:
What job categories do people searching Third Party Risk Management jobs in Madison, WI look for? The top searched job categories for Third Party Risk Management jobs in Madison, WI are:
Third Party Risk Management jobs near you
Infographic showing various Third Party Risk Management job openings in Madison, WI as of July 2026, with employment types broken down into 1% As Needed, 77% Full Time, 18% Part Time, 1% Temporary, and 3% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $112,407 per year, or $54 per hour.
Lead, Vendor Governance Consultant (Hybrid: Madison, WI/Waverly, IA)

Lead, Vendor Governance Consultant (Hybrid: Madison, WI/Waverly, IA)

CUNA Mutual Group

Madison, WI • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 6 days ago

Job description

At TruStage, we're on a mission to make a brighter financial future accessible to everyone. We put people first, and work hand in hand with employees and customers to create a diverse and inclusive environment. Passionate about building insurance and financial services solutions, we push the boundaries of what's possible. We need you to help us shape what's next. You'll be encouraged to share your experiences, ideas and skills to help others take control of their financial future.
Join a team that has received numerous awards for being a top place to work: TruStage awards and recognition
This position drives operationalization of the Strategic Vendor Governance office framework and ensures disciplined governance, proactive issue management and continuous value realization across TruStage's most strategic service providers.
Job Purpose:
This position drives day-to-day execution of the enterprise Strategic Vendor Governance (SVG) office. This role executes the governance framework for TruStage's most critical third-party relationships, ensuring vendors deliver contracted value, meet performance expectations, and support business, financial, and risk objectives. This role is accountable for the health, performance, and risk posture of the enterprise strategic vendor portfolio.
This position will partner closely with Procurement, IT, Finance, Third-Party Risk Management, and business partners to drive disciplined governance, proactive issue management, and continuous value realization across strategic suppliers.
Job Responsibilities:
Strategic Governance & Operating Model
  • Operationalize the Strategic Vendor Governance framework, performance standards, escalation models, and cadence of reviews.
  • Utilize the criteria defined for strategic vendor designation and ensure consistent application across the enterprise.
  • Execute the ongoing portfolio review process to validate strategic vendor designation, recommend reclassification where appropriate, and support the transition of ongoing management to business partners.
  • Drive consistent execution of roles, decision rights, and accountability across Procurement, IT, and business partners.

Vendor Performance & Value Realization
  • Oversee enterprise level performance management for strategic vendors, including SLAs, KPIs, outcomes, and value realization.
  • Hold vendors accountable to transformation roadmaps, innovation commitments, and performance-linked commercial terms.
  • Run disciplined, outcome-driven business reviews with top vendors, ensuring consistency and delivery of actionable insights, risks, and recommendations.
  • Accountable for proactively managing third party engagements for key strategic vendors, including ongoing risk assessments and related due-diligence activities.

Financial & Commercial Management
  • Partner with Procurement and Finance to track savings, benefits realization, and commercial commitments.
  • Identify opportunities for cost optimization, demand management, and value leakage remediation.
  • Support contract renewals and renegotiations with fact-based performance and financial insights.

Risk, Compliance & Issue Management
  • Proactively identify vendor related risks (operational, financial, regulatory, concentration, performance).
  • Advance, implement, and monitor robust risk mitigation plans and corrective action strategies in collaboration with cross-functional partners.
  • Execute structured issue resolution and escalation processes for strategic vendor issues including performance failures, financial disputes and material risk events.
  • Ensure governance alignment with regulatory expectations and Third-Party Risk Management (TPRM) frameworks, partnering with Risk and Compliance teams to support audits and examinations.

Stakeholder Leadership & Influence
  • Serve as a trusted advisor to business leaders, providing oversight and guidance to ensure vendor performance and behaviors align with contractual commitments and enterprise governance expectations.
  • Drive a culture of partnership, accountability, and data driven decision making between internal teams and vendors.
  • Coach and mentor governance analysts.

The above statement of duties is not intended to be all inclusive and other duties will be assigned from time to time.
Job Requirements:
  • Bachelor's degree required (Business, Finance, Supply Chain, IT, or related field), MBA or advanced degree preferred.
  • 7+years of experience in vendor governance, procurement, sourcing, or outsourced services within regulated industries.
  • Demonstrated experience leading governance for large, complex vendors (IT services, BPO, managed services).
  • Strong commercial and financial acumen, including contract interpretation, savings tracking, and benefit realization.
  • Proven ability to influence senior stakeholders.
  • Experience operationalizing governance or vendor management frameworks strongly preferred.
  • Experience supporting regulatory exams and audits preferred.
  • Strategic thinking and executive presence.
  • Vendor performance and relationship management.
  • Financial analysis and value realization.
  • Risk identification and escalation management.
  • Change management.

If you're ready to help make a difference, apply today. A resume is required to apply. TruStage may process applicant information using an Artificial Intelligence (AI) tool. This tool automatically generates a screening score based on how well applicant information matches the requirements and qualifications for the position. TruStage recruiters use the screening score as a guide to further evaluate candidates; the score is one component of an application review and does not automatically determine whether a candidate moves forward. Candidates may choose to opt out of this process.
Compensation may vary based on the job level, your geographic work location, position incentive plan and exemption status.
Base Salary Range:
$104,200.00 - $156,300.00
At TruStage, we believe a sound, inclusive benefits program is of vital importance, along with a flexible workplace that allows for work-life balance, career growth and retirement assistance. In addition to your base pay, your position may be eligible for an annual incentive (bonus) plan. Additional benefits available to eligible employees include medical, dental, vision, employee assistance program, life insurance, disability plans, parental leave, paid time off, 401k, and tuition reimbursement, just to name a few. Beyond pay and benefits, we also recognize that flexibility, including working in a place you prefer, is essential to caring for our employees. We will continue to strive to offer flexibility and invest in technology and other tools that will make hybrid working normal rather than an exception, so that when "life happens," you can focus on what's most important.
Accommodation request
TruStage is a place where everyone can bring their best self and thrive. If you need application or interview process accommodations, please contact the accessibility department.

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