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Third Party Risk Jobs in Illinois (NOW HIRING)

ZS

Governance & Risk Analyst

Chicago, IL · On-site

$85K - $95K/yr

Key Responsibilities Third-Party Risk Management (TPRM) & Vendor Risk Assessments (VRA) * Conduct end-to-end Vendor Risk Assessments (VRA) including initiation, analysis, follow-ups, and final ...

CFS

Risk Management Specialist

Oakbrook Terrace, IL · Hybrid

$70K - $85K/yr

Exposure to Third-Party Risk Management, vendor governance, GRC platforms, or risk management frameworks is highly preferred. * Experience with GRC platforms, vendor management systems, or data ...

CFS

Risk Management Specialist

Oakbrook Terrace, IL · Hybrid

$70K - $85K/yr

Exposure to Third-Party Risk Management, vendor governance, GRC platforms, or risk management frameworks is highly preferred. * Experience with GRC platforms, vendor management systems, or data ...

Capital One

Principal Risk Specialist

Riverwoods, IL · On-site

$102K/yr

Management, Internal Audit, Third Party Risk Management, etc. Basic Qualifications: * Bachelor's Degree in Business Or Marketing. * 4+ years of experience in Financial Services, Marketing, Compliance ...

Capital One

Principal Risk Specialist

Chicago, IL · On-site

$101K/yr

Management, Internal Audit, Third Party Risk Management, etc. Basic Qualifications: * Bachelor's Degree in Business Or Marketing. * 4+ years of experience in Financial Services, Marketing, Compliance ...

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Third Party Risk information

See Illinois salary details

$13

$29

$71

How much do third party risk jobs pay per hour?

As of Aug 3, 2026, the average hourly pay for third party risk in Illinois is $29.40, according to ZipRecruiter salary data. Most workers in this role earn between $18.85 and $37.50 per hour, depending on experience, location, and employer.

What are some common challenges faced in a third party risk role and how can they be managed?

Professionals in Third Party Risk often encounter challenges such as managing a large and diverse vendor portfolio, staying updated on regulatory requirements, and ensuring timely risk assessments. Navigating communication gaps between internal stakeholders and external vendors can also be demanding. These challenges are typically managed by implementing robust risk assessment frameworks, fostering cross-functional collaboration, and leveraging technology to streamline due diligence and monitoring processes. Continuous training and clear communication protocols further help in addressing these complexities and maintaining effective third-party risk management.

What is the difference between Third Party Risk vs Vendor Risk Management?

AspectThird Party RiskVendor Risk Management
FocusAssessing risks from all external entities, including vendors, partners, and contractorsEvaluating risks specifically associated with third-party vendors
CredentialsRisk management certifications, compliance knowledgeVendor management certifications, procurement experience
Work EnvironmentCorporate risk teams, compliance departmentsProcurement, vendor management teams
Industry UsageFinancial, healthcare, technology sectorsPrimarily in supply chain and procurement functions

Third Party Risk encompasses a broader scope, including all external entities, while Vendor Risk Management specifically focuses on vendors. Both roles require risk assessment skills and industry knowledge, but Third Party Risk roles often involve broader compliance and strategic oversight.

What are the key skills and qualifications needed to thrive as a third party risk professional?

To thrive as a Third Party Risk professional, you need a solid understanding of risk management principles, vendor assessment processes, and relevant regulatory frameworks, often supported by a degree in business, finance, or a related field. Familiarity with risk assessment tools, GRC (governance, risk, and compliance) software, and certifications such as Certified Third Party Risk Professional (CTPRP) are common requirements. Strong analytical thinking, attention to detail, and effective communication skills help you evaluate vendors and influence stakeholders. These skills are vital for identifying, mitigating, and managing risks associated with third-party relationships to protect organizational integrity and compliance.

What is third party risk?

Third Party Risk refers to the potential risks and vulnerabilities an organization faces when working with external vendors, suppliers, or service providers. These risks can include data breaches, compliance violations, operational disruptions, and reputational damage resulting from the actions or failures of third parties. Managing third party risk involves identifying, assessing, monitoring, and mitigating these risks to protect the organization’s interests and ensure regulatory compliance.
What are the most commonly searched types of Third Party Risk jobs in Illinois? The most popular types of Third Party Risk jobs in Illinois are:
What are popular job titles related to Third Party Risk jobs in Illinois? For Third Party Risk jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Third Party Risk jobs in Illinois look for? The top searched job categories for Third Party Risk jobs in Illinois are:
What cities in Illinois are hiring for Third Party Risk jobs? Cities in Illinois with the most Third Party Risk job openings:
Third Party Risk jobs near you
Infographic showing various Third Party Risk job openings in Illinois as of July 2026, with employment types broken down into 1% As Needed, 81% Full Time, 16% Part Time, and 2% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $61,145 per year, or $29.4 per hour.

Governance & Risk Analyst

ZS

Chicago, IL • On-site

$85K - $95K/yr

Full-time

Re-posted 21 days ago

Job description

ZS is a place where passion changes lives. As a management consulting and technology firm focused on improving life and how we live it, we transform ideas into impact by bringing together data, science, technology and human ingenuity to deliver better outcomes for all. Here you'll work side-by-side with a powerful collective of thinkers and experts shaping life-changing solutions for patients, caregivers and consumers, worldwide. ZSers drive impact by bringing a client-first mentality to each and every engagement. We partner collaboratively with our clients to develop custom solutions and technology products that create value and deliver company results across critical areas of their business. Bring your curiosity for learning, bold ideas, courage and passion to drive life-changing impact to ZS.
What you'll do: Governance & Risk Analyst in the Enterprise will...
The GRC Analyst will support the organization's Governance, Risk & Compliance function with a primary focus on Third-Party Risk Management (TPRM) and Vendor Risk Assessments (VRA). This role is responsible for conducting end-to-end risk assessments of third-party vendors, identifying security, privacy, and compliance risks, and working with internal stakeholders and vendors to ensure timely risk remediation and closure.
The role requires strong analytical skills, stakeholder engagement, and familiarity with information security, privacy, and regulatory frameworks.
Key Responsibilities
Third-Party Risk Management (TPRM) & Vendor Risk Assessments (VRA)
  • Conduct end-to-end Vendor Risk Assessments (VRA) including initiation, analysis, follow-ups, and final reporting
  • Review vendor security questionnaires, supporting evidence, and contractual artifacts to assess information security, privacy, and compliance risks
  • Identify inherent and residual risks across domains such as not limited only to below:
    • Information Security
    • Data Privacy
    • Access Controls
    • Business Continuity & Disaster Recovery
    • Regulatory & Compliance requirements
  • Clearly document assessment findings, risk ratings, and remediation recommendations in risk management tools and trackers
  • Coordinate with vendors to obtain clarifications, remediation plans, and follow-up evidence for identified gaps

Stakeholder Collaboration & Governance
  • Partner with internal teams including Procurement, Legal, Information Security, Privacy, and Business Owners to support third-party onboarding and risk decisions
  • Escalate high-risk findings and delays to GRC leadership with clear summaries and recommended actions
  • Support second-level reviews and management reporting for VRAs and TPRM activities

Risk Reporting & Continuous Improvement
  • Maintain accurate risk registers, assessment trackers, and dashboards for VRA/TPRM
  • Contribute to improving TPRM frameworks, workflows, and reporting to enhance stakeholder value
  • Assist in developing and updating SOPs, templates, and guidance documents related to vendor risk management

Audit & Compliance Support
  • Support internal and external audits by providing VRA documentation, evidence, and risk summaries
  • Assist with broader GRC initiatives such as policy reviews, opportunity security risk assessments, and compliance assessments as needed

What you'll bring:
  • Bachelor's degree in computer science, Information Systems, or a related field. A relevant master's degree is a plus.
  • Proven experience of at least 2 years or more in IT risk management, governance, or a related field.
  • Strong understanding of IT risk assessment methodologies, frameworks, and industry best practices.
  • Assess vendor security posture against frameworks such as ISO 27001 / 27002, NIST, and SOC 2.
  • Familiarity with regulatory requirements (e.g., GDPR, HIPAA, PCI DSS) and their impact on IT risk management.
  • Knowledge of vendor risk management principles and practices.
  • Experience in performing process, Contract review and project security risk assessments.
  • Proficiency in using risk assessment tools and technologies.
  • Excellent analytical and problem-solving skills.
  • Strong written and verbal communication skills, with the ability to effectively communicate technical concepts to both technical and non-technical audiences.
  • Strong organizational and time management skills, with the ability to manage multiple priorities and deadlines.
  • Relevant certification such as ISO 27001:2022 LA is preferred.
  • Fluency in English
  • Client-first mentality
  • Intense work ethic
  • Collaborative spirit and problem-solving approach

How you'll grow:
  • Cross-functional skills development & custom learning pathways
  • Milestone training programs aligned to career progression opportunities
  • Internal mobility paths that empower growth via s-curves, individual contribution and role expansions

Perks & Benefits:
At ZS, your growth matters. We offer a comprehensive total rewards package that supports your health and well-being, financial future, time away, and professional development. With robust skills-building programs, multiple career progression paths, internal mobility, and a deeply collaborative culture, you'll have the opportunity to do meaningful work, expand your capabilities, and thrive as part of a global community. For details on total rewards in United States, visit ZS US office locations | Where we work | ZS.
Hybrid working model:
We are committed to giving our employees a flexible and connected way of working. A flexible and connected ZS allows us to combine work from home and on-site presence at clients/ZS offices for the majority of our week. The magic of ZS culture and innovation thrives in both planned and spontaneous face-to-face connections.
Travel:
Travel is a requirement at ZS for client facing ZSers; business needs of your project and client are the priority. While some projects may be local, all client-facing ZSers should be prepared to travel as needed. Travel provides opportunities to strengthen client relationships, gain diverse experiences, and enhance professional growth by working in different environments and cultures.
Considering applying?
At ZS, we honor the visible and invisible elements of our identities, personal experiences, and belief systems-the ones that comprise us as individuals, shape who we are, and make us unique. We believe your personal interests, identities, and desire to learn are integral to your success here. We are committed to building a team that reflects a broad variety of backgrounds, perspectives, and experiences. Learn more about our inclusion and belonging efforts and the networks ZS supports to assist our ZSers in cultivating community spaces and obtaining the resources they need to thrive.
If you're eager to grow, contribute, and bring your unique self to our work, we encourage you to apply.
ZS is an equal opportunity employer and is committed to providing equal employment and advancement opportunities without regard to any class protected by applicable law.
Work Authorization:
This position is not eligible for visa sponsorship. Candidates must have authorization to work in the United States that does not now or in the future require employer sponsorship.
To complete your application:
An on-line application, including a full set of transcripts (official or unofficial), is required to be considered.
NO AGENCY CALLS, PLEASE.
Find Out More At:
www.zs.com
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About ZS

Sourced by ZipRecruiter

Industry

Business management consulting

Company size

10,000+ Employees

Headquarters location

Evanston, IL, US

Year founded

1983

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