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Vendor Risk Manager Jobs in Indiana (NOW HIRING)

Crowe LLP

Third Party Risk Manager

Indianapolis, IN · On-site

The Third Party Risk Manager position will be primarily responsible for managing and leading the ... Experience working with or assessing third-party vendors and service providers * IT or ...

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Vendor Risk Manager information

See Indiana salary details

$49K

$106.2K

$161.8K

How much do vendor risk manager jobs pay per year?

As of Aug 20, 2026, the average yearly pay for vendor risk manager in Indiana is $106,153.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,600.00 and $122,800.00 per year, depending on experience, location, and employer.

What is a vendor risk manager?

Vendor Risk Managers are professionals responsible for identifying, assessing, and mitigating risks associated with third-party vendors that provide goods or services to an organization. They evaluate vendors’ security, compliance, and operational practices to ensure they meet the company’s standards and regulatory requirements. These managers implement frameworks to monitor vendor performance, manage contracts, and respond to potential risks or incidents. Their role is crucial in protecting the organization from financial, reputational, and regulatory harm that can arise from third-party relationships.

What are the key skills and qualifications needed to thrive as a vendor risk manager?

To thrive as a Vendor Risk Manager, you need expertise in risk assessment, third-party management, and compliance, often backed by a degree in business, finance, or a related field. Familiarity with risk management platforms, contract management tools, and certifications like Certified Third Party Risk Professional (CTPRP) are highly valuable. Strong analytical thinking, negotiation, and clear communication skills help you collaborate with vendors and internal stakeholders effectively. These skills ensure organizations can identify, mitigate, and manage risks arising from third-party relationships, safeguarding business continuity and compliance.

How does a vendor risk manager typically collaborate with other departments within an organization?

A Vendor Risk Manager works closely with departments like procurement, legal, IT, and compliance to ensure that vendors meet the organization's security and regulatory standards. This collaboration often involves reviewing contracts, assessing potential risks, and implementing mitigation strategies. Regular communication with stakeholders is essential to keep everyone informed about vendor performance and risk status, making cross-functional teamwork a key aspect of the role. Effective collaboration helps streamline risk assessments and supports informed decision-making across the business.

What is the difference between Vendor Risk Manager vs Vendor Compliance Analyst?

AspectVendor Risk ManagerVendor Compliance Analyst
CertificationsCertified Third Party Risk Professional (CTPRP), Certified Information Systems Auditor (CISA)Certified Compliance & Ethics Professional (CCEP), Certified Regulatory Compliance Manager (CRCM)
Work EnvironmentRisk management teams, procurement, legal departmentsCompliance departments, audit teams, legal units
Industry UsageFinance, healthcare, technology, retailFinance, healthcare, manufacturing, technology
Primary FocusIdentifying, assessing, and mitigating vendor risksEnsuring vendor adherence to compliance standards and policies

The Vendor Risk Manager focuses on evaluating and mitigating risks associated with vendors, while the Vendor Compliance Analyst concentrates on ensuring vendors meet regulatory and internal compliance standards. Both roles are essential in managing vendor relationships but differ in their core responsibilities and focus areas.

What cities in Indiana are hiring for Vendor Risk Manager jobs?

Cities in Indiana with the most Vendor Risk Manager job openings:

Vendor Risk Manager jobs near you
Infographic showing various Vendor Risk Manager job openings in Indiana as of August 2026, with employment types broken down into 92% Full Time, and 8% Part Time. Highlights an 92% In-person, and 8% Hybrid job distribution, with an average salary of $106,153 per year, or $51 per hour.

IT Director, Vendor Management

Patrick Industries Inc Corp

Elkhart, IN • On-site

Full-time

Posted 22 days ago

Patrick Industries rating

6.6

Company rating: 6.6 out of 10

Based on 47 frontline employees who took The Breakroom Quiz

458th of 542 rated manufacturers

Job description

Patrick Industries, a publicly traded company headquartered in Elkhart, Indiana, invites you to join a team of dedicated Team Members who are passionate about delivering high-quality products and exceptional customer service. As a leading solutions provider serving a diverse range of markets across the United States, our commitment to innovation, quality, and sustainability has positioned us as a high growth, diversified and empowered Team of more than 10,000! Your adventure awaits!

The IT Director, Vendor Management, is a senior leadership role responsible for building and leading Patrick IT's vendor management capability, including the design and standup of the Vendor Management Office (VMO), and for leading Patrick IT's software and hardware asset management function. This role is central to driving contracting efficiency, vendor rationalization, and disciplined spend management across Patrick IT's third-party ecosystem.

Key Responsibilities

Vendor Management Office (VMO) Standup & Leadership

  • Design and stand up Patrick IT's Vendor Management Office, including charter, operating model, governance structure, and staffing plan
  • Establish vendor management policies, standards, and lifecycle processes covering sourcing, contracting, onboarding, performance management, and offboarding
  • Build a centralized vendor inventory and segmentation model (strategic, tactical, transactional) to prioritize oversight and engagement effort
  • Define and operationalize the VMO's ongoing operating rhythm, including business reviews, reporting cadence, and escalation paths
  • Serve as the primary point of accountability for VMO maturity, ensuring the function scales alongside Patrick IT's growth and acquisition activity

Contract Efficiency & Vendor Rationalization

  • Lead vendor negotiations and contract structuring in partnership with Legal and Procurement, ensuring favorable commercial terms and risk mitigation
  • Drive contract efficiency initiatives, including standardized terms, renewal management, and reduction of contract cycle times
  • Own the enterprise vendor rationalization program, identifying redundant, overlapping, or underperforming vendors for consolidation or exit
  • Deliver measurable cost savings and efficiency gains through contract renegotiation, vendor consolidation, and demand management
  • Define and implement vendor performance scorecards, SLAs, and performance improvement plans for underperforming suppliers
  • Establish vendor risk management processes, including financial health monitoring, cybersecurity risk assessment, and business continuity planning
  • Serve as an escalation point for vendor performance issues and contract disputes

Software & Hardware Asset Management

  • Own Patrick IT's software and hardware asset management function, including strategy, staffing, and operating model
  • Establish and lead enterprise asset management practices (SAM & HAM), including lifecycle management, license optimization, and cost control
  • Drive visibility, governance, and compliance across all software and hardware assets
  • Reduce technical debt and redundant systems through asset rationalization
  • Ensure asset data integrity and integrate asset management practices with vendor and contract management processes
  • Partner with Finance to ensure accurate asset capitalization, depreciation, and total cost of ownership reporting

M&A Vendor & Asset Integration Support

  • Support IT due diligence for mergers and acquisitions, assessing target company vendor contracts, licensing, and asset inventories
  • Lead harmonization of acquired vendor contracts and assets into Patrick IT's VMO and asset management practices
  • Identify and capture vendor and asset-related synergies through consolidation and standardization during integration

Financial Management

  • Own budgets related to vendor management and software/hardware asset management functions
  • Drive cost optimization initiatives across vendor spend, licensing, and asset investments while maintaining service quality
  • Support adoption of the total cost of ownership (TCO) model across Patrick IT, ensuring vendor and asset costs are accurately captured and reported
  • Improve financial transparency and predictability across vendor and asset-related IT spend

Leadership & Organizational Development

  • Lead teams across vendor management and software/hardware asset management functions
  • Build a high-performing organization focused on accountability, collaboration, and continuous improvement
  • Develop talent and succession plans aligned with Patrick IT's needs

Alignment to IT Strategic Pillars

Innovative Advantage

  • Enable adoption of emerging technologies through strategic vendor partnerships and modernized asset portfolios

Value Optimization

  • Optimize vendor spend, contract terms, and asset utilization to maximize ROI
  • Deliver measurable savings through vendor rationalization and contract efficiency initiatives

Agility & Efficiency

  • Streamline vendor engagement models, contracting processes, and asset management workflows for speed and flexibility
  • Enable faster integration of acquired vendors and assets into Patrick IT's operating model

Resilient Operations

  • Maintain strong vendor risk management, contract governance, and asset compliance across the organization
  • Ensure stable, secure, and well-managed vendor and asset ecosystems

Qualifications & Skills

  • Bachelor's degree in IT, Business, or related field (Master's preferred)
  • 10+ years of relevant IT experience
  • 6+ years of leadership experience in vendor management, sourcing, procurement, or IT asset management
  • Demonstrated experience standing up or maturing a Vendor Management Office
  • Experience with software and hardware asset management practices (SAM & HAM)
  • Experience in decentralized, multi-site, or acquisition-driven environments preferred
  • Manufacturing or industrial sector experience is a plus

 

At Patrick Industries, BETTER Together is our commitment to being our best while striving to bring out the best in one another as we join forces Individually, as Teams, with our Business Units, with our Customers, our Communities and within our entire Patrick family.

Patrick is an Equal Opportunity Employer.

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