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Vendor Risk Management Jobs (NOW HIRING)

True Anomaly

Enterprise Risk Analyst

Denver, CO · On-site

Enterprise Risk Management (ERM) and Third-Party Vendor Risk Management (TPVRM). Reporting to the Senior Enterprise Risk Manager, you will play a hands-on role in executing risk assessments ...

Essex Property Trust, Inc.

$67K - $80K/yr

... Vendor Risk & Compliance Specialist is responsible for conducting due diligence for all new and ... This role will report to the Senior Manager of Accounts Payable and will work closely with Essex ...

Tradition Capital Bank

Risk Management Director

Edina, MN · On-site

$90K - $140K/yr

Vendor Management / Third-Party Risk Management: Own the Bank's Third-Party Risk Management (TPRM) program, including policies, standards, and procedures. Ensure risk-based due diligence and ongoing ...

The Institutes

Vendor Manager

Malvern, PA · On-site

Vendor Manager The Vendor Manager role is responsible for advancing the organization's vendor ... This position plays a critical role in strengthening the organization's Third-Party Risk Management ...

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$43.5K

$103.7K

$167.5K

How much do vendor risk management jobs pay per year?

As of Jun 5, 2026, the average yearly pay for vendor risk management in the United States is $103,704.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,500.00 and $132,000.00 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 cities are hiring for Vendor Risk Management jobs? Cities with the most Vendor Risk Management job openings:
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What job categories do people searching Vendor Risk Management jobs look for? The top searched job categories for Vendor Risk Management jobs are:
Vendor Risk Management jobs near you
Infographic showing various Vendor Risk Management job openings in the United States as of May 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 93% Full Time, 2% Part Time, 2% Contract, and 1% Nights. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $103,704 per year, or $49.9 per hour.
Risk Management Specialist

Risk Management Specialist

BCS Financial Corporation

Villa Park, IL • On-site

$70K - $85K/yr

Full-time

Posted 18 days ago

Job description

Position Overview

The Risk Management Specialist plays a strategic role in supporting the Enterprise Risk Management (ERM) function by identifying, assessing, monitoring, and mitigating risks across the organization, with a strong emphasis on insurance industry operations and regulatory requirements. This role supports enterprise-wide risk initiatives, third-party risk oversight, fraud prevention compliance, and regulatory reporting while partnering with business leaders to promote a risk-aware culture.

This position reports to the Director of Enterprise Risk Management.


Essential Elements

Third-Party Risk Management (TPRM)

  • Support execution and continuous improvement of the TPRM program.
  • Conduct pre-contract due diligence and ongoing vendor risk assessments.
  • Facilitate annual vendor reviews and ensure timely remediation of identified issues.
  • Administer and maintain vendor risk management systems/platforms.
  • Prepare monthly and quarterly vendor risk dashboards and reporting.

Vendor Inventory Management

  • Maintain accuracy and completeness of the vendor inventory database.
  • Ensure vendor records remain current and compliant with internal standards.

Special Investigations Unit (SIU) Coordination

  • Coordinate investigations of suspected fraudulent insurance claims.
  • Maintain accurate and detailed investigative documentation.
  • Ensure compliance with state anti-fraud regulations and reporting deadlines.
  • File required reports with state Departments of Insurance.
  • Coordinate annual and new hire fraud awareness training.

Enterprise Risk Management Support

  • Support enterprise risk assessments, risk identification, mitigation planning, and monitoring activities.
  • Maintain enterprise risk registers and supporting documentation.
  • Assist with control assessments and issue tracking.

Risk Reporting & Analytics

  • Develop and maintain dashboards, KRIs, and management reporting.
  • Analyze trends and emerging risks for leadership review.

Compliance & Regulatory Support

  • Assist with ORSA documentation and NAIC-related reporting.
  • Review SOC 1 reports and track Complementary User Entity Controls (CUECs).
  • Support internal and external audit requests as needed.

Continuous Improvement / Projects

  • Participate in cross-functional strategic initiatives.
  • Identify automation and process improvement opportunities across risk programs.


Requirements

Education

  • Bachelor’s degree in Risk Management, Finance, Accounting, Business, or related field required. Equivalent experience considered.

Experience

  • 0-2 years of experience in enterprise risk management, internal audit, compliance, insurance operations, or related field preferred.
  • Experience with third-party risk management, vendor governance, or GRC systems strongly preferred.
  • Experience with insurance regulatory environments highly desirable.

Skills

  • Microsoft Excel, PowerPoint, Word (advanced proficiency preferred)
  • Experience with GRC platforms, vendor management tools, or data visualization tools (Power BI preferred)
  • Strong analytical and critical thinking skills
  • Excellent written and verbal communication
  • High attention to detail and organization
  • Ability to manage multiple priorities independently
  • Strong stakeholder relationship skills


Travel Required

  • Less than 10%