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Vendor Risk Management Jobs in Ontario (NOW HIRING)

Allshores

Lead, Vendor Management

Toronto, ON · On-site

Vendor Risk & Compliance Management * Ensure audit-ready documentation and compliance with ... regulatory requirements. * Oversee due diligence processes including financial, operational, cyber ...

FNZ

Vendor Management Analyst

Toronto, ON · On-site

Coordinate with internal stakeholders to collect and verify information during risk assessments and ... Vendor Mgmt. & Data Analysis Support, track, and maintain third-party agreements, due diligence ...

FNZ (UK) Ltd

Vendor Management Analyst

Toronto, ON · On-site

$70 - $90/hr

About the Role As a Vendor Management Analyst, you will support the ongoing management of ... Coordinate with internal stakeholders to collect and verify information during risk assessments and ...

OpenTable

Vendor Management Lead

Toronto, ON · On-site

About the job The Vendor Management Lead oversees end-to-end vendor governance, onboarding, and ... Mitigate Third-Party Risk & Prevent Fraud: Partner with Legal and Compliance on Know Your Partner ...

A.P. Møller - Maersk A/S

Vendor Manager

Mississauga, ON · On-site

CA$90K - CA$110K/yr

... risk management, and vendor consolidation by providing enterprise level insights and ensuring consistent vendor management practices across regions. Key Responsibilities Vendor Lifecycle Management

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Vendor Risk Management information

See Ontario salary details

$13

$48

$90

How much do vendor risk management jobs pay per hour?

As of Aug 30, 2026, the average hourly pay for vendor risk management in Ontario is $48.50, according to ZipRecruiter salary data. Most workers in this role earn between $31.97 and $62.26 per hour, depending on experience, location, and employer.

What is vendor risk management?

A Vendor Risk Management (VRM) job involves assessing, monitoring, and mitigating risks associated with third-party vendors and suppliers. Professionals in this role evaluate vendor security, compliance, and operational risks to protect their organization from potential disruptions, data breaches, or regulatory violations. They work closely with procurement, legal, and IT teams to establish risk management frameworks and ensure vendors meet contractual and security standards. Their responsibilities often include conducting risk assessments, reviewing vendor contracts, and developing risk mitigation strategies. Effective VRM helps organizations reduce exposure to risks while maintaining productive vendor relationships.

What are some common challenges faced in vendor risk management?

Professionals in Vendor Risk Management often encounter the challenge of assessing and monitoring a wide range of vendors, each with unique risk profiles and compliance requirements. Balancing multiple projects, managing deadlines, and ensuring clear communication between internal stakeholders and vendors can also be demanding. Staying updated on evolving regulatory standards and quickly adapting to new risks is essential in this role. Overcoming these challenges requires strong organizational skills, continual learning, and proactive relationship management.

What are the key skills and qualifications needed to thrive in vendor risk management?

To thrive in Vendor Risk Management, you need a solid background in risk assessment, contract analysis, and supply chain management, often supported by a degree in business, finance, or a related field. Familiarity with risk management software, vendor management systems, and relevant certifications such as Certified Third Party Risk Professional (CTPRP) are highly valued. Strong attention to detail, excellent communication, and negotiation skills help build effective vendor relationships and navigate complex scenarios. These capabilities are crucial for ensuring organizational compliance, minimizing third-party risks, and maintaining strong supplier performance.

How to do vendor risk management?

Vendor risk management involves identifying, assessing, and mitigating risks associated with third-party vendors to ensure they meet security, compliance, and performance standards. It typically includes conducting due diligence, evaluating vendor controls, and monitoring ongoing performance using tools like risk assessment frameworks and audits. Strong communication and documentation are essential for effective management.

What does a vendor risk management do?

A vendor risk management professional assesses and monitors the risks associated with third-party vendors to ensure compliance, security, and operational integrity. They evaluate vendor security practices, contractual obligations, and potential vulnerabilities, often using risk assessment tools and frameworks to mitigate potential threats to the organization.

What are popular job titles related to Vendor Risk Management jobs in Ontario?

For Vendor Risk Management jobs in Ontario, the most frequently searched job titles are:

What job categories do people searching Vendor Risk Management jobs in Ontario look for?

The top searched job categories for Vendor Risk Management jobs in Ontario are:

Vendor Risk Management jobs near you
Infographic showing various Vendor Risk Management job openings in Ontario as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 15% Part Time, and 3% Contract. Highlights an 82% Physical, 3% Hybrid, and 15% Remote job distribution, with an average salary of $100,886 per year, or $48.5 per hour.

Lead, Vendor Management

Toronto, ON • On-site

Allshores
See more jobs at Allshoresexternal

Full-time

Posted 14 days ago

Job description

Allshores is looking for an experienced and influential Lead, Vendor Management to establish and lead our centralized vendor management function. This role will be instrumental in driving vendor governance, optimizing costs, mitigating risk, and strengthening supplier performance across the enterprise.


Combining strategic leadership with hands-on execution, you will build scalable processes, foster strong stakeholder and vendor relationships, and deliver meaningful business outcomes that enhance operational efficiency and long-term value.


Primary Accountabilities and Responsibilities:


Enterprise Vendor Strategy & Governance

  • Establish and implement an enterprise-wide vendor management framework, including policies, standards, and governance processes.
  • Define vendor segmentation (tiering), onboarding standards, and due diligence requirements.
  • Develop and maintain a centralized vendor registry and contract repository.
  • Ensure consistent application of vendor management practices across all business units.


Spend Management & Cost Optimization

  • Provide enterprise-wide visibility into vendor spend and identify opportunities for consolidation and cost savings.
  • Support negotiation of enterprise-wide or high-value contracts to improve commercial terms.
  • Monitor off-contract spend, renewal cycles, and cost leakage (e.g., auto-renewals, scope creep).


Vendor Risk & Compliance Management

  • Ensure audit-ready documentation and compliance with regulatory requirements.
  • Oversee due diligence processes including financial, operational, cyber, and data risk assessments.


Vendor Performance & Relationship Management

  • Define vendor performance frameworks, KPIs, and review processes for strategic vendors.
  • Act as escalation point for critical vendor issues and underperformance.
  • Lead formal business reviews with key vendors and maintain senior-level relationships.
  • Support business units in managing vendor relationships and resolving commercial challenges.


Business Partnering & Operational Enablement

  • Partner with business units to support vendor selection, RFP processes, and contract negotiations.
  • Ensure a balance between governance and operational agility, including defined SLAs and fast-track processes.
  • Position vendor management as a commercial enabler rather than a compliance gatekeeper.
  • Reduce administrative burden on business units by centralizing vendor-related processes.
  • Escalate significant compliance concerns, policy exceptions, or unresolved stakeholder issues through appropriate leadership channels.


Systems, Reporting & Continuous Improvement

  • Lead selection and implementation of vendor management systems and tools.
  • Develop reporting dashboards and provide regular recommendations regarding vendor spend, performance, risk, and optimization opportunities.
  • Establish success metrics including cost savings, vendor count reduction, and compliance rates.
  • Drive continuous improvement of vendor management processes and capabilities.


Skills & Experience:

  • Bachelor’s degree
  • 8+ years of experience in vendor management and procurement
  • Experience in financial services industry preferred.
  • Demonstrated ability to independently manage vendor negotiations, contract reviews, and stakeholder relationships.
  • Experience building vendor management, procurement, or governance frameworks.
  • Familiarity with vendor risk management and regulatory requirements.
  • Strong stakeholder management and change management capabilities.
  • Excellent communication and presentation skills.

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