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Vendor Risk Management Jobs in Utah (NOW HIRING)

OMC

Risk Director

Salt Lake City, UT

As Risk Director, you'll lead the enterprise-wide risk management program -- from insurance ... Oversee subcontractor and vendor Certificate of Insurance (COI) compliance and manage OCIP/CCIP ...

OMC

Risk Director

Salt Lake City, UT

As Risk Director, you'll lead the enterprise-wide risk management program -- from insurance ... Oversee subcontractor and vendor Certificate of Insurance (COI) compliance and manage OCIP/CCIP ...

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$39.6K

$94.4K

$152.5K

How much do vendor risk management jobs pay per year?

As of May 29, 2026, the average yearly pay for vendor risk management in Utah is $94,409.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,000.00 and $120,200.00 per year, depending on experience, location, and employer.

What is a Vendor Risk Management job?

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 the key skills and qualifications needed to thrive in the Vendor Risk Management position, and why are they important?

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.

What are some common challenges faced in a Vendor Risk Management role?

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.
More about Vendor Risk Management jobs
What are the most commonly searched types of Vendor Risk Management jobs in Utah? The most popular types of Vendor Risk Management jobs in Utah are:
What are popular job titles related to Vendor Risk Management jobs in Utah? For Vendor Risk Management jobs in Utah, the most frequently searched job titles are:
What job categories do people searching Vendor Risk Management jobs in Utah look for? The top searched job categories for Vendor Risk Management jobs in Utah are:
Vendor Risk Management jobs near you
Infographic showing various Vendor Risk Management job openings in Utah as of May 2026, with employment types broken down into 1% As Needed, 82% Full Time, 9% Part Time, 5% Temporary, 2% Contract, and 1% Nights. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $94,409 per year, or $45.4 per hour.

Third Party Risk Specialist - Associate

iCapital

Salt Lake City, UT • Hybrid

$70K - $90K/yr

Other

Medical, Dental, Vision, Retirement, PTO

Posted 14 days ago

Job description

About the Role

iCapital is looking to hire a Vendor Risk Specialist to join the Information Security team. This role works on a small team to evaluate the risk of third-party vendors. Vendor risk includes information security, financial, business continuity, and regulatory risk.  The vendor risk process includes engaging internal vendor relationship owners and vendor contacts to obtain various artifacts and question and answers for review. This will identify any outstanding risks which are presented to management for risk acceptance. 

Responsibilities

  • Perform third-party vendor security assessment activities including evaluation of vendor controls, practices, process enhancements, and independent audit service reports via a vendor risk system.
  • Communicates directly with third party vendors to obtain artifacts and answers to iCapital diligence questions (DDQs).
  • Recommend mitigating and compensating controls for vendor security programs.
  • Communicate and track remediation plans with third-party vendors, business and technology partners.
  • Escalate outstanding risk items to management.
  • Maintain and present metrics on the vendor risk program to management.
  • Assist the Assurance team with client DDQs as vendor risk and client assurance are related programs.

Qualifications

  • 5 years experience in a technology role with 2-3 years in a vendor risk role
  • Bachelor's degree in computer science, technology or an information security-related field
  • Experience with Upguard or other vendor GRC tools is a plus
  • Experience with RiskRecon or other security risk measurements tools is a plus
  • Understanding of ISO-27001 or NIST 800 based security program standards
  • Knowledge of relevant legal requirements, regulatory requirements, and privacy laws
  • Knowledge of security risks pertaining to cloud (i.e. IaaS, SaaS, AaaS)
  • Quick learner with desire to continuously learn
  • Excellent communication skills including strong English writing skills
  • Detail oriented, ensuring that all requirements are met and documented

Benefits

The base salary range for this role is $70,000 to $90,000.  iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us  Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

iCapital is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

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