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Vendor Risk Manager Jobs in Minnesota (NOW HIRING)

BBQ Holdings

IT Vendor Management Lead

Minnetonka, MN · On-site

MTY is seeking an experienced IT Vendor Management Lead to develop and lead strategic sourcing ... Negotiate IT contracts with a focus on cost optimization, service quality, risk mitigation, and ...

Amplifon

Cyber Security Specialist

Minneapolis, MN · On-site

Manage vendor and third-party risk, including building and administering the OneTrust Vendor Risk Management platform and conducting annual security reviews. Cross-Functional Collaboration * Partner ...

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Showing results 41-60

All JobsVendor Risk JobsVendor Risk Manager JobsVendor Risk Manager Jobs in Minnesota

Vendor Risk Manager information

See Minnesota salary details

$50.4K

$109.3K

$166.5K

How much do vendor risk manager jobs pay per year?

As of Aug 19, 2026, the average yearly pay for vendor risk manager in Minnesota is $109,259.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,100.00 and $126,300.00 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 Minnesota are hiring for Vendor Risk Manager jobs?

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

Vendor Risk Manager jobs near you
Infographic showing various Vendor Risk Manager job openings in Minnesota as of August 2026, with employment types broken down into 85% Full Time, 12% Part Time, 2% Contract, and 1% Nights. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $109,259 per year, or $52.5 per hour.

Risk Management Consultant

Federated Mutual Insurance Company

Owatonna, MN • On-site

$90K - $137K/yr

Full-time

Medical, Retirement

Posted 7 days ago

Federated Insurance rating

8.8

Company rating: 8.8 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

57th of 310 rated insurance

Job description

Who is Federated Insurance?
At Federated Insurance, we do life-changing work, focused on our clients' success. For our employees, we provide tremendous opportunities for growth. Over 95% of them believe our company has an outstanding future. We make lives better, and we're looking for employees who want to make a difference in others' lives, all while enhancing their own.
Federated's culture is grounded in our Four Cornerstones: Equity, Integrity, Teamwork, and Respect. We strive to create a work environment that embodies our core principles and values. We value and respect individual differences, and we leverage those differences to achieve better results and outcomes for our clients, employees, and communities. Our top priority in recruitment and development of our next generation is to ensure we align ourselves with truly exceptional people who share these values.
What Will You Do?
As a Risk Management Consultant, you will provide risk management support through education, training and development of resources. You will serve as a resource regarding insurance and risk management exposures, loss trends and industry regulations and standards. You will create and deliver training programs and risk management resources for Federated Risk Consultants, clients and others.
Responsibilities
  • Seek and maintain an advanced understanding of commercial property and casualty risk management and safety exposures and controls.
  • Serve as a risk management subject matter expert for Federated personnel, Leadership, policyholders, associations, and special interest groups. This includes, but is not limited to, analyzing loss information of business types and groups; serving on internal teams as needed to identify risk management issues; and provide relevant consultation and white-paper support.
  • Create and maintain risk management materials and programs used with policyholders, associations, and within Federated. Ensures the risk management-related accuracy of content for articles, Intranet and Internet documentation, publications, and presentations that are distributed to policyholders, associations, and/or Federated personnel.
  • Design tools, processes, and procedures to support Field Services in highly technical areas. Develops and facilitates specialized training and seminars for Risk Consultants and Regional Risk Managers.
  • Provide consulting to Risk Consultants, policyholders, and prospects regarding regulations and complex industry issues.
  • Assist with quality audits for Risk Consultants and survey vendors to ensure that procedures, priorities, and professional service expectations are met.

Minimum Qualifications
  • Four-year degree.
  • Minimum of three years' work experience demonstrating understanding and familiarity with loss exposures, risk management processes, industry regulations and safety/health standards preferred.
  • Associate in Risk Management (ARM) designation or equivalent preferred.
  • Certified Safety Professional (CSP) designation preferred.
  • Microsoft Office skills including Word, Excel, Outlook, and PowerPoint.
  • Strong presentation, facilitation, and training skills.
  • An unquestioned ability to retain confidential business and personnel information.
  • Valid driver's license, acceptable driving record, and reliable transportation required.

Pay range is $90,400 - $137,500. Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information can be discussed with a member of the Recruiting team.
What We Offer
We offer a wide variety of ways to support you as a whole, both professionally and personally. Our commitment to your growth includes opportunities for internal mobility and career development paths, inspiring excellence in performance and ensuring your professional journey thrives. Additionally, we offer exceptional benefits to nurture your personal life. We understand the importance of health and financial security, offering encompassing competitive compensation, enticing bonus programs, cost-effective health insurance, and robust pension and 401(k) offerings. To encourage community engagement, we provide paid volunteer time and offer opportunities for gift matching. Discover more about Federated and our comprehensive benefits package: Federated Benefits You.
Employment Practices
All candidates must be legally authorized to work in the United States for any employer. Federated will not sponsor candidates for employment visa status, such as an H1-B visa. Federated does not interview or hire students or recent graduates with J-1 or F-1 visas or similar temporary work authorization.
If California Resident, please review Federated's enhanced Privacy Policy.
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