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Third Party Risk Manager Jobs in Frederick, MD (NOW HIRING)

Bcbsa

Senior Manager, Internal Audit

Gaithersburg, MD · On-site

$97K - $133K/yr

Expert knowledge of operational audit disciplines including risk assessments, financial, compliance, and operational process audits; third-party risk/vendor audits; program management audits; and new ...

AstraZeneca

BISO - Commercial IT

Gaithersburg, MD · On-site

Advance third-party and agency risk management by defining onboarding patterns, minimum control requirements and ongoing monitoring for Commercial vendors and agencies (creative, media/AdTech ...

New

AstraZeneca

BISO - Commercial IT

Gaithersburg, MD · On-site

Advance third-party and agency risk management by defining onboarding patterns, minimum control requirements and ongoing monitoring for Commercial vendors and agencies (creative, media/AdTech ...

New

LMI

Cybersecurity Specialist

Fort Detrick, MD · Hybrid

Perform risk assessments of third-party technology systems by conducting accurate and thorough ... Security & Risk Management * Asset Security * Security Engineering * Communications and Network ...

LMI

Cybersecurity Specialist

Fort Detrick, MD · Hybrid

Perform risk assessments of third-party technology systems by conducting accurate and thorough ... Security & Risk Management * Asset Security * Security Engineering * Communications and Network ...

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All JobsThird Party Risk JobsThird Party Risk Manager JobsThird Party Risk Manager Jobs in Frederick, MD

Third Party Risk Manager information

See Frederick, MD salary details

$51.2K

$110.9K

$169K

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

As of Aug 29, 2026, the average yearly pay for third party risk manager in Frederick, MD is $110,917.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,500.00 and $128,300.00 per year, depending on experience, location, and employer.

What is a third party risk manager?

A Third Party Risk Manager is a professional responsible for identifying, assessing, and mitigating risks associated with an organization's external vendors, suppliers, or partners. Their main job is to ensure that third-party relationships do not expose the company to undue financial, operational, regulatory, or reputational risk. This includes evaluating vendor security practices, monitoring compliance with contracts and regulations, and developing risk management policies. Third Party Risk Managers often collaborate with legal, procurement, and IT teams to safeguard the organization's interests. Their work is crucial in today's interconnected business environment, where companies increasingly rely on third-party services and products.

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

To thrive as a Third Party Risk Manager, you need a strong background in risk assessment, vendor management, and regulatory compliance, often supported by a degree in business, finance, or a related field. Familiarity with risk management frameworks, tools like GRC (Governance, Risk, and Compliance) platforms, and relevant certifications such as CTPRP (Certified Third Party Risk Professional) are highly beneficial. Excellent communication, analytical thinking, and stakeholder management skills set top performers apart in this role. These competencies are crucial for effectively identifying, mitigating, and communicating third-party risks to protect organizational assets and ensure regulatory compliance.

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

A Third Party Risk Manager works closely with teams such as procurement, legal, IT security, and compliance to assess and monitor the risks associated with external vendors. They coordinate with these departments to perform due diligence, review contracts, and establish ongoing monitoring processes. Regular cross-functional meetings and clear communication channels are essential, as the role often requires aligning risk management strategies with organizational objectives and ensuring that vendor-related risks are identified and mitigated promptly.

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

AspectThird Party Risk ManagerVendor Risk Analyst
CredentialsCertifications like CRISC, CTPRP often preferredCertifications such as CRISC, CTPRP common
Work EnvironmentOversees multiple vendors and third-party relationships at strategic levelFocuses on assessing specific vendor risks and compliance
Employer & Industry UsageUsed in finance, healthcare, and large corporations managing third-party risksCommon in IT, finance, and procurement departments
Search & Comparison IntentOften compared for broader risk management rolesCompared for detailed vendor risk assessments

The Third Party Risk Manager oversees the overall risk associated with third-party vendors, focusing on strategic risk mitigation. The Vendor Risk Analyst concentrates on evaluating individual vendors' risks and compliance. While both roles require similar certifications and work in related environments, the Risk Manager has a broader scope, whereas the Analyst specializes in detailed assessments.

Is third party risk manager a good career?

A third party risk manager plays a key role in assessing and mitigating risks associated with external vendors and partners, often requiring knowledge of compliance standards and risk management tools. The role offers opportunities for advancement in industries such as finance, healthcare, and technology, with a growing demand for professionals skilled in risk assessment and regulatory requirements. It can be a stable and rewarding career for those with strong analytical skills and attention to detail.

What cities near Frederick, MD are hiring for Third Party Risk Manager jobs?

Cities near Frederick, MD with the most Third Party Risk Manager job openings:

Third Party Risk Manager jobs near you
Infographic showing various Third Party Risk Manager job openings in Frederick, MD as of August 2026, with employment types broken down into 83% Full Time, 16% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $110,917 per year, or $53.3 per hour.

Fraud Risk Manager - Rockville, MD

Rockville, MD

Veritas Partners
Business Management Consulting • 1 - 10 employees
Learn more about Veritas Partnersexternal

Full-time

Re-posted 21 days ago

Job description

Overview:
The Fraud Manager manages the operations of the fraud investigations department and the supervision of its staff. This person will develop policies and procedures to prevent fraud activities and to recover incurred losses. This position identifies weaknesses in current control processes and recommends enhancements. They collaborate investigations with appropriate business partners and local, state, and federal authorities. The Fraud Manager plays a critical role in developing, implementing, and managing fraud prevention and detection strategies across the organization. Responsible for identifying, preventing, and investigating fraudulent activities to safeguard the company's assets and interests. 
  
Major Duties and Responsibilities:
  • Provide second-line oversight of fraud-related programs including check fraud, ACH fraud, wire fraud, identity theft, account takeover (ATO), elder financial exploitation, and new account fraud.
  • Independently assess and challenge the effectiveness of first-line fraud detection, prevention, and investigation activities across all banking channels (retail, commercial, digital, and card).
  • Maintain and continuously enhance the enterprise Fraud Risk Management Policy and supporting standards and procedures.
  • Conduct periodic fraud risk assessments to identify emerging threats, control gaps, and areas of heightened risk exposure.
  • Serve as a subject matter expert during regulatory examinations, internal audits, and third-party reviews related to fraud risk management.
  • Monitor evolving regulatory guidance (FFIEC, CFPB, OCC, FDIC, Federal Reserve) and assess impact on the Bank's fraud program.
  • Design and present fraud risk reporting to senior management, risk committees, and the Board as appropriate.
  • Analyze fraud trends, loss data, and industry intelligence to proactively identify and communicate emerging risks /material issues.
  • Partner with first-line fraud operations, BSA/AML, cybersecurity, legal, and technology teams to ensure an integrated approach to financial crimes and fraud risk management.
    Evaluating existing Verafin fraud agents against existing fraud tools to determine which fraud tool is more efficient.
  • Create MRM documentation for all active fraud agents and conduct quarterly monitoring of the efficiency of the fraud agents.
  • Collaborate with the Verafin administrator to conduct annual tuning of the Verafin fraud agents.
  • Collaborate with other financial institutions and/or law enforcement regarding the recovery of assets and identification of suspects.
  • Conduct fraud investigations: Interviewing victims, documenting findings, and collaborating with various internal units to make an investigative determination.
Qualifications:
  • Bachelor’s Degree required
  • 8+ years' experience in fraud risk management, financial crimes compliance, or a related field within a financial institution
  • 2+ years' people management/supervisory experience
  • Experience with Verafin or other fraud tracking software
  • Proficient knowledge of fraud typologies across multiple banking products and channels
  • Working knowledge of applicable regulatory frameworks (FFIEC, Regulation E, Regulation CC, BSA/AML)