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Vendor Risk Management Analyst Jobs (NOW HIRING)

Chubb

Vendor Risk Analyst

Chicago, IL · On-site +1

The Vendor Risk Management Analyst will be responsible for assessing, monitoring, and mitigating risks associated with third-party vendors to ensure compliance with organizational policies, industry ...

Bank of Hawaii

Director Vendor Risk Management

Honolulu, HI · On-site

$142.80K - $255K/yr

Under the direction of the Manager, this role is responsible for the strategic oversight, execution ... Directs the design and enhancement of vendor risk systems, tools, and analytics platforms. Ensures ...

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How much do vendor risk management analyst jobs pay per year?

As of Jun 4, 2026, the average yearly pay for vendor risk management analyst in the United States is $82,330.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,500.00 and $90,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Vendor Risk Management Analyst, and why are they important?

To thrive as a Vendor Risk Management Analyst, you need expertise in risk assessment, third-party due diligence, and a solid understanding of compliance regulations, typically supported by a bachelor’s degree in business, finance, or a related field. Proficiency with risk management software, vendor management platforms, and knowledge of frameworks like ISO 27001 or SOC 2 are commonly required, along with certifications such as CTPRP or CISA. Strong analytical thinking, attention to detail, and effective communication skills are essential for building relationships and reporting risks clearly. These skills ensure organizations can identify, mitigate, and manage risks associated with third-party vendors, protecting operational integrity and regulatory compliance.

How does a Vendor Risk Management Analyst typically interact with other departments within an organization?

Vendor Risk Management Analysts often collaborate closely with departments such as Procurement, Legal, IT Security, and Compliance to assess and mitigate risks associated with third-party vendors. They facilitate information sharing, coordinate risk assessments, and ensure that contract terms align with the organization's risk tolerance. Regular communication and cross-functional meetings are common, as these analysts play a key role in ensuring that vendor relationships do not expose the organization to undue risk.

What is a Vendor Risk Management Analyst?

A Vendor Risk Management Analyst is a professional responsible for assessing, monitoring, and mitigating risks associated with third-party vendors and suppliers. They evaluate vendor practices, ensure compliance with company policies and regulations, and help protect the organization from financial, operational, and reputational risks. Their work often involves conducting risk assessments, reviewing contracts, and collaborating with other departments to ensure vendors meet required security and performance standards.

What is the difference between Vendor Risk Management Analyst vs Procurement Analyst?

AspectVendor Risk Management AnalystProcurement Analyst
CertificationsCertifications like CTPRP, CRISC, or vendor risk management coursesCPM, CPSM, or purchasing certifications
Work EnvironmentFocus on risk assessment, compliance, and vendor evaluationsFocus on sourcing, purchasing, and supplier negotiations
Industry UsageCommon in finance, healthcare, and technology sectorsPrevalent across manufacturing, retail, and corporate sectors

The main difference is that a Vendor Risk Management Analyst specializes in assessing and mitigating risks associated with vendors, ensuring compliance and security. In contrast, a Procurement Analyst primarily handles sourcing and purchasing activities. Both roles require analytical skills and industry knowledge but focus on different aspects of vendor and supply chain management.

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Vendor Risk Management Analyst jobs near you
Vendor Risk Analyst

Vendor Risk Analyst

Chubb

Chicago, IL • On-site, Remote

Full-time

Medical, Dental, Life, Retirement

Posted 17 days ago

Chubb rating

8.1

Company rating: 8.1 out of 10

Based on 63 frontline employees who took The Breakroom Quiz

132nd of 260 rated insurance

Job description

We are seeking a detail-oriented and analytical Vendor Risk Management Analyst to join our team. The Vendor Risk Management Analyst will be responsible for assessing, monitoring, and mitigating risks associated with third-party vendors to ensure compliance with organizational policies, industry standards, and regulatory requirements. This role plays a critical part in safeguarding the organization's operations, data, and reputation by identifying potential risks and implementing effective vendor risk management strategies.

Key Responsibilities

  1. Conduct comprehensive risk assessments of third-party vendors, including evaluating their security practices, financial stability, and compliance with regulatory requirements.
  2. Maintain a vendor risk management framework, including policies, procedures, and tools to assess and monitor vendor risks. 
  3. Complete onsite or remote audits of vendors to ensure that controls work as expected and procedures are followed correctly. 
  4. Monitor vendor performance risk levels on an ongoing basis, security posture, and ongoing compliance to ensure continued alignment with organizational standards and risk levels and identifying and addressing any changes in risk profiles or compliance issues.
  5. Collaborate with internal stakeholders, such as procurement, legal, IT, and compliance teams, to ensure vendor contracts include appropriate risk mitigation measures.
  6. Prepare detailed reports and presentations on vendor risk assessments, findings, and recommendations for senior management and other stakeholders.
  7. Stay up to date with industry trends, regulatory changes, and best practices in vendor risk management to continuously improve the organization's risk management processes.
  8. Support the development and delivery of training programs to educate internal teams on vendor risk management policies and procedures.

Key Competencies (knowledge and abilities required to perform a role effectively, comprising skills, competencies and behaviors)

  • Strong analytical and problem-solving skills with the ability to assess complex vendor risk scenarios.
  • Excellent communication and interpersonal skills to collaborate effectively with internal and external stakeholders.
  • Knowledge of regulatory requirements and industry standards related to vendor risk management (e.g., GDPR, ISO 27001, SOC 2).
  • Proficiency in using vendor risk management tools and software.
  • Strong organizational skills and attention to detail to manage multiple vendor assessments simultaneously.
  • Ability to work independently and make informed decisions in a fast-paced environment.
  • High ethical standards and a commitment to maintaining confidentiality and integrity.

Accreditations (Education, Certifications and/or Experience)

  • Bachelor's degree in Business Administration, Risk Management, Information Security, or a related field.
  • 0-4 years of experience in vendor risk management, third-party risk assessment, or a related role.
  • Relevant certifications such as Certified Third Party Risk Professional (CTPRP), Certified Information Systems Auditor (CISA), or Certified Risk and Information Systems Control (CRISC) are preferred.
  • Experience with risk management frameworks and tools is a plus.
OUR BENEFITS
As a Chubb corporate employee, you have access to one of the most comprehensive benefit plans in the business, designed to meet your needs and help you reach your financial goals. More details can be found here. Chubb is committed to supporting its employees with a comprehensive compensation package that is appropriate in the market where they work. Below are several of the many benefits we offer our employees: 
  • Health insurance
  • Dental insurance
  • Tuition reimbursement
  • A company-match 401(k) plan
  • Disability insurance
  • Life insurance
  • Employee referral bonuses

ABOUT COMBINED INSURANCE

Combined Insurance Company of America is a Chubb company and a leading provider of supplemental accident, health, disability, and life insurance products in North America. Headquartered in Chicago, with satellite office in Columbia, SC, Combined is celebrating over 100 years in business. We are committed to making the world of supplemental insurance easy to access and understand. The company has an A+ rating by the Better Business Bureau and an A + (Superior) financial strength rating by A.M. Best. We are ranked by VIQTORY as the number one Military Friendly Employer in 2023 (over $1 billion revenue category), marking Combined's twelfth consecutive year on the Top 10 list. We pride ourselves on approaching all situations with a Positive Mental Attitude (PMA) and encouraging collaboration.


ABOUT CHUBB
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

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About Chubb

Sourced by ZipRecruiter

Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. We are a unique global organization with a culture of individuals passionately committed to our respective crafts. With underwriting at our core, each of us contributes to providing the best insurance coverage and service to our clients. Our highly collaborative, inclusive nature helps us drive better business outcomes through diversity of background, experiences, insights and values.

Industry

Insurance services

Company size

10,000+ Employees

Headquarters location

Warren, NJ, US

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