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Third Party Risk Manager Jobs in Philadelphia, PA

Vangard, Inc.

Third Party Risk Analyst

Malvern, PA

Third Party Risk Analyst About the role As a Third-Party Risk Analyst on Vanguard's Third-Party Risk Management (TPRM) Assessment Management team, you'll play an important role in helping Vanguard ...

Vangard, Inc.

Product Manager, Specialist

Malvern, PA · On-site

ProductManager, Specialist About the Team Third Party Risk Management (TPRM)'s mission is to reduce extended enterprise risk at Vanguard. We protect Vanguard through our stewardship of the third ...

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Third Party Risk Manager information

See Philadelphia, PA salary details

$52K

$112.6K

$171.5K

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

As of Aug 19, 2026, the average yearly pay for third party risk manager in Philadelphia, PA is $112,570.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,800.00 and $130,200.00 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 Philadelphia, PA are hiring for Third Party Risk Manager jobs?

Cities near Philadelphia, PA 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 Philadelphia, PA as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $112,570 per year, or $54.1 per hour.

Third Party Risk Analyst

Vanguard Group, Inc.

Malvern, PA • On-site

Full-time

Posted 7 days ago

Vanguard rating

8.7

Company rating: 8.7 out of 10

Based on 64 frontline employees who took The Breakroom Quiz

16th of 150 rated financial services

Job description

Third Party Risk Analyst
About the role
As a Third-Party Risk Analyst on Vanguard's Third-Party Risk Management (TPRM) Assessment Management team, you'll play an important role in helping Vanguard protect the long-term interests of our clients. You'll support how we evaluate and monitor risks associated with third-party vendors and external partners, using Vanguard's operational and strategic risk frameworks. Your work helps strengthen decision-making, promote responsible partnerships, and reinforce our culture of integrity, collaboration, and long-term thinking.
This role is well suited for someone who enjoys partnering across teams, translating risk concepts into practical guidance, and contributing to a strong risk management environment in a purpose-driven organization.
What you'll do
Support the development, ongoing maintenance, and application of Vanguard's third-party operational risk methodology, including continuous review, benchmarking, and sharing of best practices.
  • Draft and maintain third-party risk management policies, standards, and procedures.

  • Contribute to regular reviews of third-party risk technologies and recommend enhancements to improve effectiveness and efficiency.

  • Serve as a primary point of contact for internal business partners on third-party risk matters, helping teams implement and sustain best practices.

  • Coordinate with internal stakeholders on third-party risk initiatives and support oversight activities to promote adherence to established policies and frameworks.

  • Develop clear training materials and facilitate training sessions to build awareness and capability across the organization.

  • Conduct initial reviews of third-party risk assessments, identifying potential issues and escalating items to appropriate stakeholders when needed.

  • Support the development of third-party risk metrics and reporting and communicate results to internal audiences in a clear and actionable way.

  • Ensure required documentation is complete, accurate, and retained in accordance with policy.

  • Collaborate with senior risk analysts and cross-functional partners to stay current on risk management frameworks, emerging risks, and events.

  • Participate in special projects and perform additional duties as assigned.

What we're looking for
  • At least five years of related professional experience; experience in risk management is preferred.

  • An undergraduate degree, or an equivalent combination of education, training, and relevant experience.

  • Professional certifications such as CTPRP, CPA, CIA, CISI, or an MBA are preferred, but not required.

  • Ability to communicate risk concepts clearly and effectively with diverse internal audiences.

  • A collaborative, detail-oriented approach with a focus on continuous improvement and sound judgment.

Organizational Alignment
  • This role is part of Vanguard's Third-Party Risk Management function, within the Assessment Management.

Special Factors
Sponsorship
Vanguard is not offering visa sponsorship for this position.
About Vanguard
At Vanguard, we don't just have a mission-we're on a mission.
To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

What Vanguard employees say

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