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Vendor Risk Manager information

See Tennessee salary details

$46.7K

$101.3K

$154.3K

How much do vendor risk manager jobs pay per year?

As of Jul 8, 2026, the average yearly pay for vendor risk manager in Tennessee is $101,250.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,700.00 and $117,100.00 per year, depending on experience, location, and employer.

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.

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 are the key skills and qualifications needed to thrive as a Vendor Risk Manager, and why are they important?

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.

What are Vendor Risk Managers?

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 cities in Tennessee are hiring for Vendor Risk Manager jobs? Cities in Tennessee with the most Vendor Risk Manager job openings:
Vendor Risk Manager jobs near you
Infographic showing various Vendor Risk Manager job openings in Tennessee as of July 2026, with employment types broken down into 85% Full Time, 11% Part Time, 2% Temporary, and 2% Contract. Highlights an 86% Physical, 1% Hybrid, and 13% Remote job distribution, with an average salary of $101,250 per year, or $48.7 per hour.
Senior Director Vendor Management - Hybrid

Senior Director Vendor Management - Hybrid

Surgery Partners

Brentwood, TN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 18 days ago

Surgery Partners rating

7.6

Company rating: 7.6 out of 10

Based on 80 frontline employees who took The Breakroom Quiz

189th of 880 rated healthcare providers

Job description

ESSENTIAL FUNCTIONS:
  • Develop and lead the enterprise-wide vendor management strategy, including vendor selection, onboarding, performance evaluation, and offboarding.
  • Oversee IT procurement processes, ensuring alignment with budgetary goals, compliance standards, and strategic sourcing principles.
  • Manage the full lifecycle of contracts, including negotiation, execution, renewal, and termination, in collaboration with legal and finance teams.
  • Establish and maintain vendor governance frameworks, including SLAs, KPIs, and risk assessments.
  • Collaborate with leadership and business stakeholders to forecast procurement needs and align vendor capabilities with technology roadmaps.
  • Monitor vendor financial health, operational performance, and compliance with contractual terms.
  • Lead cross-functional initiatives to improve procurement efficiency, cost savings, and vendor accountability.
  • Provide executive-level reporting on vendor performance, procurement metrics, and contract status.
  • Mentor and manage a team of procurement and vendor management professionals.

Annual Workplan Development & Strategic Alignment
  • Lead the development of an annual Procurement and Vendor Management Workplan aligned to enterprise priorities, financial goals, and technology roadmaps.
  • Partner with Finance, and business leadership each fall to review prior-year performance, identify strategic sourcing opportunities, and define next-year objectives.
  • Build a clear set of measurable goals for the calendar year, including sourcing initiatives, contract renewals, vendor performance targets, and risk mitigation actions.
  • Present the proposed workplan to executive leadership for alignment and approval, and track progress quarterly through performance dashboards and KPI reporting.
  • Adjust priorities throughout the year based on business needs, budget changes, or new strategic initiatives.

KPI/OUTCOMES:
  • Annual cost savings or cost avoidance achieved
  • Vendor performance rating improvement year over year
  • Reduction in contract cycle time
  • % of vendors asses for cybersecurity and compliance risk
  • Stakeholder satisfaction

QUALIFICATIONS:
  • Bachelor's degree in Business Administration, Information Technology, Supply Chain Management, or related field; MBA or equivalent preferred.
  • 10+ years of experience in procurement, vendor management, or contract administration, with at least 5 years in a leadership role.
  • Proven experience in developing and executing vendor governance frameworks and procurement strategies.
  • Strong understanding of products, services, licensing models, and market dynamics.
  • Excellent negotiation, communication, and stakeholder management skills.
  • Proficiency in contract management systems and procurement platforms.
  • Ability to lead cross-functional teams and drive strategic initiatives.
  • Strong analytical and financial acumen with experience managing budgets and vendor spend.

Benefits:
  • Comprehensive health, dental, and vision insurance
  • Health Savings Account with an employer contribution
  • Life Insurance
  • PTO
  • 401(k) retirement plan with a company match
  • And more!

ENVIRONMENTAL/WORKING CONDITIONS: Normal busy office environment with much telephone work. Possible long hours as needed. The description is intended to provide only basic guidelines for meeting job requirements. Responsibilities, knowledge, skills, abilities and working conditions may change as needs evolve.
*If you are viewing this role on a job board such as Indeed.com or LinkedIn, please know that pay bands are auto assigned and may not reflect the true pay band within the organization.
*No Recruiters Please
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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