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Vp Third Party Risk Management Jobs (NOW HIRING)

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Vp Third Party Risk Management information

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$43.5K

$157.5K

$277.5K

How much do vp third party risk management jobs pay per year?

As of Jun 6, 2026, the average yearly pay for vp third party risk management in the United States is $157,532.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,000.00 and $190,000.00 per year, depending on experience, location, and employer.

How does a VP of Third Party Risk Management typically collaborate with other departments to ensure comprehensive risk oversight?

A VP of Third Party Risk Management works closely with procurement, legal, compliance, IT security, and business unit leaders to assess and manage risks associated with external vendors and partners. This collaboration involves developing standardized risk assessment frameworks, coordinating due diligence efforts, and ensuring ongoing monitoring. Cross-functional teamwork is essential for addressing emerging threats, maintaining regulatory compliance, and aligning risk management practices with the organization's strategic goals. Effective communication and stakeholder engagement are key to successfully embedding risk management throughout the vendor lifecycle.

What are the key skills and qualifications needed to thrive as a VP of Third Party Risk Management, and why are they important?

To thrive as a VP of Third Party Risk Management, you need deep expertise in risk assessment, regulatory compliance, and vendor management, typically supported by a bachelor's or master's degree in business, finance, or a related field. Familiarity with risk management frameworks, tools like Archer or RSA, and certifications such as CTPRP or CRVPM are commonly required. Exceptional leadership, analytical thinking, and communication skills help in influencing stakeholders and navigating complex vendor relationships. These competencies ensure a robust risk posture, regulatory adherence, and effective mitigation of third-party risks across the enterprise.

What does a VP of Third Party Risk Management do?

A VP of Third Party Risk Management leads the strategy and execution of identifying, assessing, and mitigating risks associated with an organization's external vendors, suppliers, and business partners. This executive oversees the development and implementation of risk management frameworks, ensures compliance with regulatory requirements, and collaborates with other departments to safeguard the company from operational, financial, and reputational risks posed by third parties. The role also involves continuous monitoring of vendor performance and the effectiveness of risk controls.

What is the difference between Vp Third Party Risk Management vs Vendor Risk Manager?

AspectVp Third Party Risk ManagementVendor Risk Manager
CredentialsTypically requires advanced degrees and certifications like CRMP or CTPRPOften requires certifications such as CRMP, CTPRP, or similar
Work EnvironmentStrategic, overseeing enterprise-wide third-party risk programsOperational, managing vendor assessments and risk mitigation
Industry UsageCommon in financial services, healthcare, and large corporationsUsed across industries with a focus on vendor management

While both roles focus on managing third-party or vendor risks, the Vp Third Party Risk Management typically holds a strategic, leadership position overseeing enterprise-wide programs, whereas the Vendor Risk Manager handles day-to-day vendor assessments and risk mitigation activities.

More about Vp Third Party Risk Management jobs
What cities are hiring for Vp Third Party Risk Management jobs? Cities with the most Vp Third Party Risk Management job openings:
What are the most commonly searched types of Third Party Risk Management jobs? The most popular types of Third Party Risk Management jobs are:
What states have the most Vp Third Party Risk Management jobs? States with the most job openings for Vp Third Party Risk Management jobs include:
Infographic showing various Vp Third Party Risk Management job openings in the United States as of May 2026, with employment types broken down into 87% Full Time, and 13% Temporary. Highlights an 94% In-person, and 6% Remote job distribution, with an average salary of $157,532 per year, or $75.7 per hour.
Third Party Risk Management Consulting Director

Third Party Risk Management Consulting Director

Cna

Chicago, IL • On-site

Full-time

Posted 7 days ago


Job description

You have a clear vision of where your career can go. And we have the leadership to help you get there.At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.

We are seeking a strategic thought leader to help drive forward our Third-Party Risk & Assurance function. In this role, you will play a critical part in strengthening and evolving our Third-Party Risk Management capabilities, driving consistency, transparency, and operational excellence across the organization. You will partner closely with Third Party risk peers and cross-functional stakeholders to enhance assurance practices, enable data-driven decision-making, and ensure the organization is well-positioned to manage third-party risk in an increasingly complex regulatory and technology landscape.
The Third Party Risk Management program at CNA coordinates and performs risk management activities across cybersecurity, business continuity, compliance, and general operational risk controls throughout the lifecycle of the Third Party relationship. This individual contributor position manages program elements of the Third Party Risk Management program, including but not limited to, assessment methodology updates, assurance, performance and program level reporting and analytics.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

  • Perform Third Party Risk assessments for complex, sensitive, and escalated Third Party assessments, including those requiring on-site reviews. In the course of executing these critical and sensitive assessments, evaluate Third Party questionnaire responses, perform control review/validation, and assess documentation per established procedures and standards.
  • Perform periodic quality assurance and review of Third Party Risk assessments performed by all assessment team members to ensure that all assessments meet established standards and expectations.
  • Actively solicit business partner engagement and buy-in by attending, and organizing where appropriate, periodic meetings with business partners to ensure Third Party Risk Management is appropriately meeting business needs.
  • Coordinate, review and submit program analytics to leadership covering process utilization metrics, program Key Performance Indicators, Third Party Risk Key Risk Indicators, and escalation reporting and management.
  • Support leadership in managing and implementing all identified program, process, and technology configuration process improvements in the Third Party Risk Management program roadmap.
  • Own the design, implementation, and ongoing management of the enterprise weighted third-party risk scorecard, ensuring risk calculations consistently incorporate assessment results, issue severity, remediation status, performance metrics (SLAs/KPIs), and monitoring signals to support prioritization, escalation, and executive decision-making.
  • Develop and maintain interaction model with all relevant CNA Business and Risk Stakeholders. Ensure they are appropriately looped into TPRM processes and enabled to support TPRM through workflow, reporting, and analytics
  • Leveraging general Third Party Risk Management expertise, take the lead on performing regular updates of CNA's Third Party Risk Management methodologies
  • Own enterprise-level governance, prioritization, and escalation of third-party issues to ensure remediation outcomes are risk-based, consistent, and defensible.
  • Lead the support of TPRM Technology including the administration, management, configuration, and testing for all current TPRM technology. Additionally, monitor TPRM technology market landscape to ensure CNA's TPRM technology stack is appropriately updated.
  • Develop and maintain a robust quality assurance program that extends outside of just individual auality control of assessments.

May perform additional duties as assigned.

Reporting Relationship

AVP or above

Skills, Knowledge & Abilities

  • Program expertise in Third Party Risk Management best-practices including industry security, business continuity, and data privacy standards, risk assessment testing procedures, issue management processes, and inherent/residual risk calculations
  • Compelling communicator; demonstrated verbal and written communication skills.
  • Detail oriented with strong organizational skills and ability to manage multiple projects effectively.
  • Ability to communicate and simplify technical concepts for those not familiar with risk management concepts, particularly in the context of business stakeholder training.
  • Strong interpersonal skills with the ability to work with staff at all levels.
  • Proven thought leadership and ability to provide informal guidance to more junior team members.
  • Strong knowledge of Microsoft Office Suite and other business-related software systems including processing systems and applications.

Education & Experience

  • Bachelor's degree or equivalent
  • Typically a minimum of nine years of experience in Supplier Risk or Third-Party Risk assessment
  • Experience developing and managing remediation action/incident management processes.
  • Experience in developing remediation action/incident management specific reporting and analytics.
  • CISSP, CRISC, or CISA highly preferred

#LI-CP1

#LI-hybrid

In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia, California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $97,000 to $189,000 annually.Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees - and their family members - achieve their physical, financial, emotional and social wellbeing goals. For a detailed look at CNA's benefits, please visitcnabenefits.com.

CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contactleaveadministration@cna.com.