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Third Party Risk Manager Jobs in Hillside, NJ (NOW HIRING)

Betterment

Risk Manager

New York, NY · Hybrid

$140K - $155K/yr

As a Risk Manager, you will own a portfolio of risk processes, perform risk assessments, and ... Proactively monitor risks related to third-party vendors. * Follow up on open issues to drive ...

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Third Party Risk Manager information

See Hillside, NJ salary details

$52.3K

$113.3K

$172.6K

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

As of Aug 23, 2026, the average yearly pay for third party risk manager in Hillside, NJ is $113,254.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,400.00 and $131,000.00 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 Hillside, NJ are hiring for Third Party Risk Manager jobs?

Cities near Hillside, NJ 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 Hillside, NJ as of August 2026, with employment types broken down into 87% Full Time, 11% Part Time, and 2% Contract. Highlights an 82% Physical, 3% Hybrid, and 15% Remote job distribution, with an average salary of $113,254 per year, or $54.4 per hour.

Third Party Risk Management (TPRM) Senior Analyst

MUFG Investor Services

Manhattan, NY • On-site

Full-time

Re-posted 24 days ago

Job description

The Third-Party Risk Management (TPRM) Senior Analyst is responsible for supporting the effective execution of the TPRM program by ensuring adherence to all phases of the third-party lifecycle. The role focuses on coordination, documentation, system execution, and stakeholder communication to ensure vendor engagements are compliant, well-governed, and audit-ready. This position partners closely with business stakeholders, subject matter experts, and parent entity risk management teams.

Key Responsibilities

  • Execute and support all phases of the third-party lifecycle in compliance with the TPRM Program, including intake and onboarding documentation, risk assessments, approvals, ongoing reviews and review and challenge.
  • Perform mapping and validation of services and service agreements, including alignment to pre-existing vendor relationships.
  • Review vendor contracts to identify and understand key risk-relevant terms, including contract timelines, insurance and liability requirements, and service level agreements (SLAs), escalating issues as appropriate.
  • Track and manage application onboarding status, workflow progression, and required reviews for vendor services.
  • Bridge communication across TPRM stakeholders to ensure timely coordination, documented reviews, and appropriate management sign-off.
  • Execute workflows within the TPRM system (Archer), including performing technology testing and system validation activities, as required.
  • Administer training and provide system support to business users as needed.
  • Ensure all vendor-related evidence, documentation, and approvals are accurately captured and maintained within the system of record.
  • Cross-train and provide flexible support to the Director of Operational Risk across other Second Line of Defense risk areas, as required to meet business and risk management needs.

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