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

As of Jun 22, 2026, the average yearly pay for third party risk manager in Renton, WA is $125,481.00, according to ZipRecruiter salary data. Most workers in this role earn between $101,200.00 and $145,100.00 per year, depending on experience, location, and employer.

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

Aspect Third Party Risk Manager Vendor Risk Analyst Credentials Certifications like CRISC, CTPRP often preferred Certifications such as CRISC, CTPRP common Work Environment Oversees multiple vendors and third-party relationships at strategic level Focuses on assessing specific vendor risks and compliance Employer & Industry Usage Used in finance, healthcare, and large corporations managing third-party risks Common in IT, finance, and procurement departments Search & Comparison Intent Often compared for broader risk management roles Compared 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.

$101k-$172k Third Party Risk Manager Jobs in Renton, WA

Trase Systems

Senior Security Assurance Manager

Seattle, WA · On-site +1

Vendor & Third-Party Risk * Enhance and operate Trase's third-party risk management program, including vendor security reviews, ongoing monitoring, and contractual security requirements. * Partner ...

Trase Systems

Senior Security Assurance Manager

Seattle, WA · On-site +1

Vendor & Third-Party Risk * Enhance and operate Trase's third-party risk management program, including vendor security reviews, ongoing monitoring, and contractual security requirements. * Partner ...

Red Cell Partners

Senior Security Assurance Manager

Seattle, WA · On-site +1

Vendor & Third-Party Risk * Enhance and operate Trase's third-party risk management program, including vendor security reviews, ongoing monitoring, and contractual security requirements. * Partner ...

Red Cell Partners

Senior Security Assurance Manager

Seattle, WA · On-site +1

Vendor & Third-Party Risk * Enhance and operate Trase's third-party risk management program, including vendor security reviews, ongoing monitoring, and contractual security requirements. * Partner ...

Coinstar