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Vendor Risk Management Jobs in Baltimore, MD (NOW HIRING)

T Rowe Price

Director, Fixed Income Risk

Baltimore, MD · On-site

Rowe Pricehad $1.61 trillionin assets under management, serving millions of clients globally who ... Prototype and develop risk reporting and tools to enhance existing vendor risk platforms (primarily ...

Sheppard Pratt

Director of Risk Management

Towson, MD

$106K - $175K/yr

Review and evaluate vendor agreements and contracts to identify, minimize, and appropriately manage organizational risk exposures. 2. Litigation Management Assistance * Support litigation and claims ...

Sheppard Pratt

Director of Risk Management

Towson, MD · On-site

$51.18 - $84.34/hr

Review and evaluate vendor agreements and contracts to identify, minimize, and appropriately manage organizational risk exposures. 2. Litigation Management Assistance * Support litigation and claims ...

T Rowe Price

Senior Equity Risk Manager

Baltimore, MD · On-site

As a premier global asset management organization with more than 85 years of experience, we provide ... Prototype and develop risk reporting and interactive tools to extend upon vendor risk platforms ...

PSEG

Digital I&C Engineer

Hancocks Bridge, NJ · On-site

$136K/yr

Ability to manage projects and /or external vendors, familiar with IEEE/ISO/ISA/EPRI/Digital standards and NRC regulations/guidance (Reg Guide, ISG) related to design function for PWR/BWR. Knowledge ...

SC&H Group

Risk Senior Manager

Baltimore, MD · On-site

... vendor risk, cloud controls, incident response, logging/monitoring, data governance, AI governance). * Excellent client communication, executive presence, and stakeholder management skills. * Prior ...

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Vendor Risk Management information

See Baltimore, MD salary details

$43.2K

$103K

$166.4K

How much do vendor risk management jobs pay per year?

As of Jul 31, 2026, the average yearly pay for vendor risk management in Baltimore, MD is $103,044.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,000.00 and $131,200.00 per year, depending on experience, location, and employer.

What is the highest paying risk management job?

In risk management, senior roles such as Chief Risk Officer (CRO) or Director of Risk Management tend to have the highest salaries, often exceeding six figures annually. These positions require extensive experience, advanced certifications like FRM or CRM, and strong leadership skills, especially in financial services, insurance, or large corporations.

What is a vendor risk management job description?

A vendor risk management job involves assessing and monitoring the risks associated with third-party vendors to ensure compliance with security, legal, and operational standards. Responsibilities include conducting risk assessments, developing mitigation strategies, and maintaining vendor relationships, often using tools like risk management software. Strong analytical skills and knowledge of regulatory requirements are essential for this role.

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.

How much does a risk manager get paid?

A risk manager's salary typically ranges from $70,000 to $130,000 annually, depending on experience, industry, and location. Professionals with certifications like CRM or FRM and strong analytical skills tend to earn higher salaries, especially in financial services and corporate sectors.

What is vendor risk management?

Vendor risk management is a process used by organizations to identify, assess, and mitigate risks associated with third-party vendors. It involves evaluating vendors' security, compliance, and operational practices to ensure they do not pose threats to the organization’s data, reputation, or operations, often supported by tools like risk assessment frameworks and requiring ongoing monitoring.

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 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.

What are the most commonly searched types of Vendor Risk Management jobs in Baltimore, MD? The most popular types of Vendor Risk Management jobs in Baltimore, MD are:
What are popular job titles related to Vendor Risk Management jobs in Baltimore, MD? For Vendor Risk Management jobs in Baltimore, MD, the most frequently searched job titles are:
What job categories do people searching Vendor Risk Management jobs in Baltimore, MD look for? The top searched job categories for Vendor Risk Management jobs in Baltimore, MD are:
What cities near Baltimore, MD are hiring for Vendor Risk Management jobs? Cities near Baltimore, MD with the most Vendor Risk Management job openings:
Vendor Risk Management jobs near you
Infographic showing various Vendor Risk Management job openings in Baltimore, MD as of July 2026, with employment types broken down into 1% As Needed, 82% Full Time, 13% Part Time, 1% Temporary, and 3% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $103,044 per year, or $49.5 per hour.

Director, Fixed Income Risk

T Rowe Price

Baltimore, MD • On-site

Other

Re-posted 22 days ago

T. Rowe Price rating

9.1

Company rating: 9.1 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

Job description

About the Team

The Investment Risk team, which is part of the firm's Enterprise Risk Group, consists of 43 associates located in the United States, United Kingdom, Luxembourg, and Singapore, supported by dedicated technology resources in the US and UK. As of December31, 2024, T.Rowe Pricehad $1.61 trillionin assets under management, serving millions of clients globally who rely on the firm for its retirement expertise and active management across asset classes.

Role Summary

The Fixed Income Risk Director is a key role within Investment Risk at T. Rowe Price. This Baltimore-based role, reporting to the global lead of Fixed Income Risk based in London, offers the opportunity to lead risk management for fixed income investment strategies managed by the Investment Grade (IG) team whose portfolio managers are predominantly in the U.S. with a primary focus on U.S. markets. As the IG coverage lead, the Fixed Income Risk Director frequently engages with portfolio managers and management on market risks, both benchmark-relative and absolute, in commingled investment vehicles and separate client account mandates. The Fixed Income Risk Director also provides risk consultancy for investment teams, which includes deep-dive risk analyses, supplementary stress testing, and tail risk analysis. In addition to possessing risk modeling expertise, the Fixed Income Risk Director must demonstrate a thorough understanding of fixed income investment strategies, markets, and macroeconomic risk drivers in their interactions. Effective collaboration with Fixed Income Risk team members, other parts of Investment Risk, such as Regulatory Risk, and other functions, such as Technology, is another key determinant of success.

To be successful, the incumbent must have:

  • Extensive experience in the asset management industry with a focus on fixed income market risk, gained through roles in risk management, investment, or trading departments.
  • A clear understanding of buy-side risk management, fixed income investment strategies, and global financial markets.
  • Knowledge of the nuances and complexities of investment-grade credit markets, including the ability to assess and communicate risks associated U.S. and European corporate bonds, interest rate and credit derivatives, and a variety of securitized/structured products (e.g., agency and non-agency RMBS, CMO, CMBS, ABS, and CLO).
  • The ability to communicate effectively with the team and key stakeholders, including portfolio managers, investment division leaders, and external clients/prospects/consultants.
  • Programming skills to process and visualize data and perform computations efficiently.

Responsibilities

Day-to-day Risk Management Activities:

  • Review and interpret fixed income risk analytics and dashboards.
  • Identify, measure, monitor, and communicate key portfolios risks to portfolio management teams with a focus on identifying significant sources of risk (e.g., factors, securities, sectors, etc.) and material changes to portfolios' risk profiles.
  • Analyze tail risks and conduct stress tests based on hypothetical and historical scenarios.
  • Collaborate with fixed income investment staff to understand their strategies and risk taking in portfolios.

Extension of Risk Reporting & Tools:

  • Prototype and develop risk reporting and tools to enhance existing vendor risk platforms (primarily Bloomberg and MSCI RiskManager) for the identification and measurement of risks within and across fixed income portfolios.
  • Specify data requirements for inclusion in dashboards/reports and potentially research and develop new methodologies and techniques.
  • Collaborate with associates in the Technology department to define requirements and support testing throughout the development process.
  • Present and communicate analytical results effectively to ensure buy-in from colleagues and adoption by Investment Risk stakeholders.

Communication with Internal & External Stakeholders:

  • Interact with many stakeholders beyond frequent contact with investment teams, including client-facing professionals, management, oversight committees, clients, consultants, and prospective clients, as appropriate.
  • Demonstrate a strong grasp of technical details and an up-to-date knowledge of investment strategies and markets.
  • Communicate complex topics clearly, confidently, and engagingly in both verbal and written forms.
  • Contribute to timely written responses containing fixed income risk information requested by clients, prospects, consultants, regulators, and internal teams at times.

Ad-hoc Analysis & Projects:

  • Perform ad-hoc data and quantitative analyses in response to requests from fixed income portfolio managers and risk team members.
  • Collaborate with team members and the Fixed Income quant team, as needed, to ensure methodologies are sound and best practices are followed.
  • Reconcile results with other in-house findings before communicating them to investment teams.

Qualifications

Required:

  • Bachelor's degree in a quantitative or scientific field such as quantitative finance/economics, statistics, applied mathematics, operations research, engineering, computer science, or physics and relevant experience AND
  • 10+ years of total relevant work experience
  • A passion for risk management and a demonstrated interest in financial markets through academic background, work experience and/or outside activities
  • Work experience with quantitative methods used to evaluate risk, such as volatility, tracking error and Value-at-Risk.
  • Fixed income and risk management experience in an asset management environment with a strong knowledge of investment grade credit, including securitized investments (e.g., RMBS, CMO, CMBS, ABS, and CLO)
  • Programming skills with experience using common programming languages and statistical analysis packages.
  • Experience using industry standard risk models/systems such as Bloomberg's GRM/TRM or PORT, MSCI RiskManager, Aladdin, Yield Book or similar.
  • Data analysis skills.
  • Strong interpersonal and communication skills.
  • High standards of work quality and integrity.
  • Strong organizational skills.
  • Self-starter with high motivation who enjoys collaborating.
  • Intellectually curious with a commitment to continuous learning.

Preferred:

  • More than 10+ years of direct experience in fixed income risk management at a buy-side asset manager
  • Master's or PhD degree in a quantitative or scientific field as listed above.
  • Programming skills in Python
  • Completion or progress towards professional risk or finance accreditations, such as CFA, FRM, and PRM
  • Risk management experience with High Yield bonds and Bank Loans.
  • Experience using Bloomberg's GRM/TRM or PORT models for fixed income analysis, risk management, scenario analysis, and multifactor performance attribution.
  • Experience using MSCI RiskManager for VaR and stress testing/scenario analysis.
  • Experience working for a global asset manager with key personnel located in multiple regions.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

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