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

EagleBank

Fraud Risk Manager

Silver Spring, MD · On-site

$104K - $173K/yr

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 ...

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Third Party Risk Manager information

See Hanover, MD salary details

$51.2K

$111K

$169.1K

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

As of Jul 13, 2026, the average yearly pay for third party risk manager in Hanover, MD is $110,998.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,500.00 and $128,400.00 per year, depending on experience, location, and employer.

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.

What are the key skills and qualifications needed to thrive as a Third Party Risk Manager, and why are they important?

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.

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.

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 job categories do people searching Third Party Risk Manager jobs in Hanover, MD look for? The top searched job categories for Third Party Risk Manager jobs in Hanover, MD are:
What cities near Hanover, MD are hiring for Third Party Risk Manager jobs? Cities near Hanover, 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 Hanover, MD as of July 2026, with employment types broken down into 83% Full Time, 15% Part Time, 1% Temporary, and 1% Contract. Highlights an 86% Physical, 1% Hybrid, and 13% Remote job distribution, with an average salary of $110,998 per year, or $53.4 per hour.
Director, Third Party Risk Management

Director, Third Party Risk Management

T Rowe Price

Baltimore, MD • On-site

Other

Re-posted 4 days ago

T. Rowe Price rating

9.1

Company rating: 9.1 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

Job description

Role Summary

TheDirector- ThirdParty Risk Management is aSecond Line of Defense (2LoD)leadership role responsible for thestrategic development, oversight, and ongoing maturation of the firm'sThirdPartyRisk Management (TPRM) program. Reporting to the Head of Privacy & TPRM, this role is regarded as asubject matter expert in third-party riskand plays a key role in shaping the firm's risk strategy, governance framework, and operating model following the implementation of anoutsourced TPRMcapability.

TheDirectorprovides independent oversight, crediblechallenge, and assurance over first-line and outsourced TPRM activities, while building a sustainable, regulator-ready 2LoD function aligned with the firm's risk appetite and regulatory expectations.

Responsibilities

TPRM Strategy & Program Leadership:

  • Serve as the firm'ssubject matter experton third-party risk management.

  • Contribute to the development and execution of the firm'sTPRM strategy, roadmap, and target-state operating model.

  • Lead the build-out and continuous improvement of a 2LoD TPRM functionfollowing outsourcing of due diligence and periodic reviews.

  • Define and maintain TPRM policies, standards, risk methodologies, and oversight frameworks aligned with regulatory expectations and industry best practices.

  • Ensure alignment of the TPRM program with enterprise risk appetite and governance structures.

  • Lead assessment of emergingthird partyrisks and technologies, including AI, andintegratefindings into TPRM strategy, governance, and executive reporting.

Oversight of Outsourced & First-Line TPRM Activities:

  • Provide independent oversight and effectivechallengeofoutsourced TPRM service providers, including due diligence execution and ongoing monitoring.

  • Oversight of monitoring activities related toSLAs, KPIs, quality assurance standards, and performance metrics for outsourced partners.

  • Report onsystemic control gaps, concentration risk, and emerging third-party risk themes across the vendor population.

  • Escalatematerialthird-party risk issues and control deficiencies throughappropriate governanceand risk committees.

Risk Governance, Reporting & Regulatory Readiness:

  • Design and deliver executive and board-level reporting on third-party risk, including trends, emerging risks, and risk appetite breaches.

  • Lead TPRM-related regulatory exams, internal audits, and management assurance activities.

  • Ensure TPRM documentation, evidence, and reporting areaudit-and exam-ready.

  • Partner with Enterprise Risk, Compliance, Legal, Information Security, Procurement, and Technology while maintaining 2LoD independence.

Leadership & Capability Development:

  • Provide leadership, guidance, and technical mentorship to TPRM risk analysts and managers.

  • Establish clear roles, responsibilities, and RACI alignment across 1LoD, 2LoD, and outsourced providers.

  • Drive adoption of data-driven, AI-enabled reporting and analytics to enhance risk insight and oversight efficiency.

  • Promote a strong risk culture and consistent application of third-party risk standards across the firm.

Qualifications

Required:

  • Bachelor's degree in Risk Management, Information Systems, Finance, Business, Law, ora relatedfield.10+ years of experience inthird-party risk management, operational risk, or compliance, withsignificant experiencein a2LoD capacitywithin financial services or asset management(or other industry subject to equivalent regulatory scrutiny).

  • Demonstrated experiencedesigning, implementing, or maturing a TPRM program, including oversight of outsourced or co-sourced models.

  • Deep understanding of regulatory expectations for third-party risk (e.g., SEC, FINRA, global regulators).

  • Proven ability tooperateas a trusted expert and strategic advisor to senior leadership.

  • Required Certifications (at least one): Certified Third Party Risk Professional (CTPRP), Certified in Risk and Information Systems Control (CRISC), Certified Information Systems Auditor (CISA)

Preferred:

  • Advanced degree (MBA, JD, or equivalent).

  • Experience supporting global or complex vendor ecosystems.

  • Additionalcertifications:

  • ISO 27001 Lead Implementer or Auditor

  • PMP or equivalent program management certification

  • ExperienceleveragingAI, automation, or advanced analytics in TPRM oversight(e.g., Microsoft Co-Pilot, ChatGPT Enterprise).

Tools & Technology (Preferred)

  • Extensive experience with TPRM and GRC platforms (e.g., ServiceNow, Coupa).

  • Strong executive-level reporting and data visualization skills (e.g., Power BI).

  • Experience implementing metrics, KRIs, and dashboards aligned to risk appetite.

Key Competencies

  • Recognizedexpertisein third-party risk management.

  • Strategic mindset with hands-on oversight capability.

  • Strong executive presence and ability to provide crediblechallenge.

  • Excellent written and verbal communication skills.

  • Ability to lead through influence in a matrixed, regulated environment.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

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