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Vendor Risk Manager Jobs in Chicago, IL (NOW HIRING)

International Motors, LLC

Senior Risk Manager

Lisle, IL · On-site

$138K - $207K/yr

... contract/vendor issues; responsible for managing, reviewing and negotiating 100 contracts annually as respects risk management • Supervise Risk/Claims Manager Minimum Requirements * Bachelor ...

Mars

Operational Risk Manager, Engineering

Chicago, IL · On-site

Experience managing external vendors, consultants, and service providers * Knowledge of property loss prevention principles, fire protection systems, business continuity planning, and risk management ...

New

Crowe LLP

Third Party Risk Manager

Chicago, IL · 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 ...

MKD Electric

Compliance & Risk Manager

Elgin, IL · On-site

Vendor, Client & Subcontractor Compliance • Oversee enterprise compliance processes for customer ... risk-management principles, internal controls, policies, audit practices, and regulatory ...

New

MKD Electric

Compliance & Risk Manager

Elgin, IL · On-site

Vendor, Client & Subcontractor Compliance · Oversee enterprise compliance processes for customer ... risk-management principles, internal controls, policies, audit practices, and regulatory ...

New

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All JobsVendor Risk JobsVendor Risk Manager JobsVendor Risk Manager Jobs in Chicago, IL

Vendor Risk Manager information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do vendor risk manager jobs pay per year?

As of Aug 28, 2026, the average yearly pay for vendor risk manager in Chicago, IL is $114,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $132,900.00 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 near Chicago, IL are hiring for Vendor Risk Manager jobs?

Cities near Chicago, IL with the most Vendor Risk Manager job openings:

Vendor Risk Manager jobs near you
Infographic showing various Vendor Risk Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $114,919 per year, or $55.2 per hour.

Senior Analyst, Operational Risk Management

Golub Capital

Chicago, IL • On-site

Full-time

Retirement, PTO

Re-posted 21 days ago

Job description

Position Information
Hiring Manager:
Associate Director
Department:
Operational Risk Management
Department Overview
The Operational Risk Management ("ORM") Department is responsible for the Risk Mitigation Framework. The Risk Mitigation Framework provides the process, tools and approach that are needed to support and enhance the control environment required to minimize operational risks related to Golub Capital's non-investment functions. The Risk Mitigation Framework was created to minimize material losses, provide process and internal control oversight, and anticipate potential material loss events. The Risk Mitigation Framework is comprised of a set of consistent and repeatable elements that allow Golub Capital to identify, assess, mitigate, and report on the operational risk profile of the firm. The Risk Mitigation programs include Risk and Control Self-Assessment ("RCSA"), Issue Management ("IM"), Vendor Risk Management ("VRM"), Business Continuity Management ("BCM"), and Internal Control Testing ("ICT").
Position Responsibilities
The essential functions of this role include participating in the assessment of risks facing Golub Capital and supporting the development of a comprehensive plan to identify, measure, monitor and report risk components. We are seeking an individual to support the continued development of this function and help advance the program. This individual will help support the Vendor Risk Management (VRM) and Business Continuity Management (BCM) programs and will be responsible for assisting with efforts to expand the program's capabilities, increase participation and drive process improvements.
This role requires the ability to develop detailed plans, track progress, manage obstacles and ultimately support efforts to deliver new initiatives on time and within budget. This is an internal client-facing role requiring communication with users at all levels of the organization.
Responsibilities include but are not limited to:
  • Supporting the development and implementation of initiatives and tasks associated with the VRM and BCM programs
  • Assisting with the implementation of the VRM framework providing direction to the 'first line of defense'
  • Supporting management of the central vendor repository for the Firm and supporting the automation of vendor on-boarding and off-boarding processes
  • Ensuring vendor risk oversight including visibility of existing and emerging threats and identifying mitigation plans
  • Supporting the execution of VRM training to ensure effective application and program awareness firmwide
  • Staying informed of industry developments and regulatory requirements ensuring compliance and proactive adaptation
  • Liaising with third-party vendors as required
  • Creating and maintaining VRM and BCM-related reporting to meet the needs of senior management and oversight committees
  • Proactively identifying, tracking, and analyzing operational risks within the Firm and implementing control improvements

Candidate Requirements
Qualifications & Experience:
  • Bachelor's degree required
  • 4+ years of experience in financial services risk management, management information systems or related role
  • Experience and detailed knowledge of third-party risk management, financial services industry practices, internal controls and regulatory requirements
  • Certifications (Preferred): Operational Risk Management Certificate, Certified Third Party Risk Management Professional (C3PRMP), Certified Internal Auditor (CIA) or Financial Risk Manager (FRM) Designation
  • Understanding and experience with operational loss causes, measures and mitigation strategies
  • Experience analyzing Excel reports with ability to run formulas preferred
  • Assertive, self-motivated, team oriented, flexible and able to multi-task
  • Excellent analytical and problem-solving skills
  • Exceptional written and verbal communication skills; capable of communicating effectively across all levels of the organization
  • Attention to detail and strong organizational skills, including the ability to manage several projects at one time
  • Highly resourceful and proven ability to work both independently and as a team member
  • Ability to probe sensitive issues while maintaining high level of integrity and objectivity
  • Demonstrated ability to effectively leverage AI tools in day-to-day work, with strong critical thinking to assess accuracy, limitations and appropriate use of AI generated outputs
  • Enthusiastic about working in office and creating a Gold Standard hybrid work culture

Critical Competencies for Success
Our Gold Standards define key behaviors and competencies across 4 dimensions: Leadership, Achieving Results, Personal Effectiveness and Thinking Critically. These behaviors and competencies drive our ability to win together.
  • Leadership: Role models in this area consistently focus on the right goals and priorities and continually develop themselves and others. Always team players, they influence and engage with others to contribute to a supportive and inclusive culture where all feel welcome.
  • Achieving Results: Role models in this area are high achievers who develop careful plans and deliver consistently and effectively. They hold themselves and others accountable for delivering high quality results, and they remove barriers to ensure others can contribute and grow.
  • Personal Effectiveness: Role models in this area build strong relationships, treat others with respect and communicate effectively. They are driven to exceed expectations and are adaptable to changing circumstances.
  • Thinking Critically: Role models in this area understand our business, rely on analytical reasoning and seek diverse perspectives to solve problems. They are forward thinking, anticipating issues and addressing them in advance.

The department-specific competencies define the knowledge, skills and abilities that are needed to successfully perform the functional or technical work of this role.
  • Change Management: Communicates the benefits and the impact of refinements to internal processes or technology.
  • Innovative Mindset: Leverages an agile and creative mindset to drive innovative value creation, continuous process improvement and proactive learning through new technology, processes and people.
  • Risk Management: Identifies, forecasts and articulates ways to pursue and manage informed risks in ambiguous, complex or uncertain situations based on sound value propositions and an analysis of potential rewards and costs.
  • Technical Communication and Documentation: Documents and communicates technical processes and procedures in area of specialty to stakeholders. Adapts the level of detail and specificity based on the needs of the intended audience.
  • Industry Knowledge: Demonstrates an understanding of risk management and the Firm's position in the industry, including its complex structure and competitive advantage in the marketplace. Monitors industry trends and changes and recognizes their relevancy and implications.
  • Business Needs Assessment: Identifies business needs across departments within the Firm to understand the challenges, goals and problems that the business needs to solve and identifies appropriate technical solutions.
  • Project / Program Management: Manages projects and / or programs through planning, identifying resources, monitoring and communicating project activities and assessing impacts of project decisions.

Compensation and Benefits
For Illinois Only: It is expected that the base salary range for this position will be $80,000 to $120,000. Actual salaries may vary based on factors such as skills, experiences and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and / or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an 'at-will position' and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance, Firm or individual department / team performance and market factors.
Golub Capital is an Equal Opportunity Employer.
Due to the highly regulated nature of Golub Capital's business and because of the sensitivity of the information that all personnel have access to, Golub Capital performs extensive and thorough pre-hire screens to ensure that its personnel act with expected levels of integrity, professionalism and personal responsibility.
Please review Golub Capital's US Job Applicant privacy notice and, for California residents, the California Applicant privacy notice for information on how your personal data is collected, processed and stored.

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