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

Flex

Associate Director, Risk Management

New York, NY · On-site

The Role We are looking for an Associate Director, Third-Party Risk Management (TPRM) to own the TPRM pillar at Flex. This is not a program management role. It is a pillar ownership role: you set the ...

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All JobsThird Party Risk Manager JobsThird Party Risk Manager Jobs in Paramus, NJ

Third Party Risk Manager information

See Paramus, NJ salary details

$52.1K

$112.9K

$172K

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

As of Jun 16, 2026, the average yearly pay for third party risk manager in Paramus, NJ is $112,886.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,100.00 and $130,500.00 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 cities near Paramus, NJ are hiring for Third Party Risk Manager jobs? Cities near Paramus, NJ with the most Third Party Risk Manager job openings:
Third Party Risk Manager jobs near you

Operational Risk Management Department - Third Party Risk Management Associate

Bank of China Limited, New York Branch

Manhattan, NY • On-site

$42K/yr

Full-time

Posted 20 days ago

Job description

Introduction

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview

The incumbent will execute TPRM technology and data analytics projects and prepare aggregated TPRM reports on risk data and analysis.

Responsibilities

Include but are not limited to:  

TPRM Program Management

  • Assess, monitor and track third party risk management lifecycle activities as second line of defense
  • Ensure the completeness of the central documentations of the bank wide third party population

Process Improvement

  • Design and develop in-house technical solutions and dashboards. Contribute directly to technical implementation through hands-on development, code reviews, and architectural design
  • Maintain technical documentation and contribute to project management best practices. Communicate progress, risks, and technical decisions to cross-functional stakeholders
Qualifications
  • Bachelor's degree is required, and an advanced degree is preferred
  • Minimum 3 years of work experience in financial service industry is required
  • Background in software development and data science to provide support to translate bank needs into platform solutions
  • Skilled in Software Development, Data Analysis, Dashboard Development, Project Management
Pay Range

Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.

USD $42,000.00 - USD $90,000.00 /Yr.Employment Type: FULL_TIME

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