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Third Party Risk Jobs in Chicago, IL (NOW HIRING)

Onbe

Third Party Risk Coordinator

Buffalo Grove, IL

Onbe is seeking a Third-Party Risk Coordinator who will support the day-to-day execution of the company's vendor risk management program, serving as the primary point of contact for low-risk vendors ...

Onbe

Third Party Risk Coordinator

Buffalo Grove, IL · On-site

Onbe is seeking a Third-Party Risk Coordinator who will support the day-to-day execution of the company's vendor risk management program, serving as the primary point of contact for low-risk vendors ...

Citizens

Third Party Risk Analyst

Chicago, IL · On-site

$86K - $101K/yr

This role plays a critical part in protecting Citizens from regulatory, operational, financial, and reputational risk by executing proactive payment network compliance oversight, managing network ...

Citizens

Third Party Risk Analyst

Chicago, IL

$86K - $101K/yr

This role plays a critical part in protecting Citizens from regulatory, operational, financial, and reputational risk by executing proactive payment network compliance oversight, managing network ...

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Third Party Risk information

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$14

$31

$76

How much do third party risk jobs pay per hour?

As of May 28, 2026, the average hourly pay for third party risk in Chicago, IL is $31.25, according to ZipRecruiter salary data. Most workers in this role earn between $20.05 and $39.86 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Third Party Risk professional, and why are they important?

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 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 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 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 most commonly searched types of Third Party Risk jobs in Chicago, IL? The most popular types of Third Party Risk jobs in Chicago, IL are:
What are popular job titles related to Third Party Risk jobs in Chicago, IL? For Third Party Risk jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Third Party Risk jobs in Chicago, IL look for? The top searched job categories for Third Party Risk jobs in Chicago, IL are:
Third Party Risk jobs near you
Infographic showing various Third Party Risk job openings in Chicago, IL as of May 2026, with employment types broken down into 89% Full Time, and 11% Contract. Highlights an 89% In-person, and 11% Remote job distribution, with an average salary of $65,002 per year, or $31.3 per hour.
Third Party Risk Coordinator

Third Party Risk Coordinator

Onbe

Buffalo Grove, IL

Other

Medical, Dental, Vision, Retirement, PTO

Posted 20 days ago

Job description

Summary: Onbe is seeking a Third-Party Risk Coordinator who will support the day-to-day execution of the company's vendor risk management program, serving as the primary point of contact for low-risk vendors and ensuring onboarding, due diligence, and ongoing oversight are completed in a timely, consistent, and audit-ready manner. This role coordinates the end-to-end vendor lifecycle, including document collection, purchase order alignment, and system record management/maintenance, while partnering closely with cross-functional teams to ensure compliance with established processes.  The coordinator also assists with contract risk review, manages vendor communications, maintains accurate records in the TPRM platform, and prepares reporting on vendor activity and KPIs.The ideal candidate is detail-oriented, highly organized and comfortable managing multiple priorities in a fast-paced environment, with strong communication skills and a foundational understanding of vendor management, third-party risk, and procurement processes.

This role is a hybrid role that will work onsite 2 days per week at our Buffalo Grove, IL office location. Occasional travel may be required as part of this role.

Responsibilities:
- Serve as the primary point of contact for Onbe's third-party, low risk portfolio
- Coordinate onboarding and vendor due diligence of new vendors, as needed
- Management & oversight of existing low risk vendors
- Partner with cross-functional departments (e.g. Finance, Procurement, Legal) enforcing Procure to Pay processes
- Provide guidance and support related to Onbe's Procure to Pay processes
- Review & approve purchase order requests
- Communicate with vendors regarding changes in orders and requirements for products or services, as needed
- Assist with contract risk review partnering with procurement and legal to ensure contracts include appropriate third-party risk clauses
- Update & maintain vendor records using Onbe's Third-Party Vendor Risk Management platform
- Prepare reports for senior management on KPIs and vendor spend, as needed
- Support Third Party Vendor Risk Manager and Legal team, as needed
- Other assigned duties/initiatives, as needed

Qualifications:
- 2+ years in third party vendor risk management or similar role
- Bachelor's degree in business preferred or strong business acumen
- Ability to develop and maintain positive vendor and business stakeholder relationships
- Excellent verbal and written communication
- Highly detailed oriented with excellent organization and time management skills
- Ability to work in a fast-paced environment
- Proficiency in using Microsoft Office Suite
- Familiarity with relevant software and technology (e.g. Third Party Vendor Risk Management, Procure-to-Pay, Contract Life Cycle Management)

The base salary range for this position is between $62,460.00 to $68,250 with eligibility for an annual bonus. The actual base salary offered depends on a variety of factors, including but not limited to the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, business needs, and market demand. Our competitive benefits includes medical, dental, vision, wellness, 401(k) matching, open PTO, work from anywhere, generous parental leave, and more! Our job titles may span more than one career level. All candidates are encouraged to apply.

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