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Work From Home Third Party Risk Analyst Jobs in Chicago, IL

Conduct comprehensive risk assessments of third-party vendors, including evaluating their security ... Complete onsite or remote audits of vendors to ensure that controls work as expected and procedures ...

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Work From Home Third Party Risk Analyst information

See Chicago, IL salary details

$15

$41

$67

How much do work from home third party risk analyst jobs pay per hour?

As of May 28, 2026, the average hourly pay for work from home third party risk analyst in Chicago, IL is $41.74, according to ZipRecruiter salary data. Most workers in this role earn between $30.72 and $50.82 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Work From Home Third Party Risk Analyst, and why are they important?

To thrive as a Work From Home Third Party Risk Analyst, you need a solid understanding of risk management, vendor assessment, and compliance, typically supported by a bachelor’s degree in business, IT, or a related field. Familiarity with risk assessment frameworks, GRC (Governance, Risk, and Compliance) tools, and certifications such as CISA or CRISC are commonly required. Strong analytical thinking, attention to detail, and effective virtual communication skills help you excel in remote collaboration and complex problem-solving. These skills ensure that organizations can identify, assess, and mitigate risks posed by third-party vendors, safeguarding business operations and regulatory compliance.

What are some common challenges faced by Work From Home Third Party Risk Analysts, and how can they be managed?

One of the main challenges for Work From Home Third Party Risk Analysts is maintaining effective communication and collaboration with both internal teams and external vendors remotely. This can make it harder to gather necessary information or conduct timely risk assessments. Utilizing collaborative tools, setting clear expectations for regular updates, and establishing strong documentation practices are key strategies for overcoming these obstacles. Additionally, staying up to date on evolving cybersecurity threats and regulatory requirements is essential, given the dynamic nature of third-party risk management.

What does a Work From Home Third Party Risk Analyst do?

A Work From Home Third Party Risk Analyst is responsible for evaluating and managing the risks associated with a company's vendors, suppliers, or service providers. They assess the security, compliance, and operational standards of third parties to ensure they meet the organization’s requirements and regulatory obligations. Working remotely, they review documentation, conduct risk assessments, and recommend mitigation measures to protect the company from potential threats or disruptions caused by third-party relationships.

What is the difference between Work From Home Third Party Risk Analyst vs Work From Home Vendor Risk Analyst?

AspectWork From Home Third Party Risk AnalystWork From Home Vendor Risk Analyst
CredentialsCertifications like CRISC, CTPRP often preferredSimilar certifications, often overlapping
Work EnvironmentRemote, primarily analyzing third-party relationshipsRemote, focusing on vendor assessments and risk management
Employer & Industry UsageFinancial, healthcare, and tech sectorsFinancial institutions, retail, and service industries
Search & Comparison IntentOften searched for roles involving third-party risk managementOften compared for vendor risk assessment roles

Both roles involve remote work and risk analysis, with the main difference being the focus: third-party risk analysts evaluate overall third-party relationships, while vendor risk analysts specifically assess individual vendors. They share similar skills and certifications, making them closely related in the industry.

What are popular job titles related to Work From Home Third Party Risk Analyst jobs in Chicago, IL? For Work From Home Third Party Risk Analyst jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Work From Home Third Party Risk Analyst jobs in Chicago, IL look for? The top searched job categories for Work From Home Third Party Risk Analyst jobs in Chicago, IL are:
Infographic showing various Work From Home Third Party Risk Analyst job openings in Chicago, IL as of May 2026, with employment types broken down into 82% Full Time, 7% Part Time, and 11% Contract. Highlights an 100% Remote job distribution, with an average salary of $86,814 per year, or $41.7 per hour.
Vendor Risk Analyst

Vendor Risk Analyst

Chubb

Chicago, IL • On-site, Remote

Full-time

Medical, Dental, Life, Retirement

Posted 10 days ago


Chubb rating

8.1

Company rating: 8.1 out of 10

Based on 63 frontline employees who took The Breakroom Quiz

131st of 258 rated insurance


Job description

We are seeking a detail-oriented and analytical Vendor Risk Management Analyst to join our team. The Vendor Risk Management Analyst will be responsible for assessing, monitoring, and mitigating risks associated with third-party vendors to ensure compliance with organizational policies, industry standards, and regulatory requirements. This role plays a critical part in safeguarding the organization's operations, data, and reputation by identifying potential risks and implementing effective vendor risk management strategies.

Key Responsibilities

  1. Conduct comprehensive risk assessments of third-party vendors, including evaluating their security practices, financial stability, and compliance with regulatory requirements.
  2. Maintain a vendor risk management framework, including policies, procedures, and tools to assess and monitor vendor risks. 
  3. Complete onsite or remote audits of vendors to ensure that controls work as expected and procedures are followed correctly. 
  4. Monitor vendor performance risk levels on an ongoing basis, security posture, and ongoing compliance to ensure continued alignment with organizational standards and risk levels and identifying and addressing any changes in risk profiles or compliance issues.
  5. Collaborate with internal stakeholders, such as procurement, legal, IT, and compliance teams, to ensure vendor contracts include appropriate risk mitigation measures.
  6. Prepare detailed reports and presentations on vendor risk assessments, findings, and recommendations for senior management and other stakeholders.
  7. Stay up to date with industry trends, regulatory changes, and best practices in vendor risk management to continuously improve the organization's risk management processes.
  8. Support the development and delivery of training programs to educate internal teams on vendor risk management policies and procedures.

Key Competencies (knowledge and abilities required to perform a role effectively, comprising skills, competencies and behaviors)

  • Strong analytical and problem-solving skills with the ability to assess complex vendor risk scenarios.
  • Excellent communication and interpersonal skills to collaborate effectively with internal and external stakeholders.
  • Knowledge of regulatory requirements and industry standards related to vendor risk management (e.g., GDPR, ISO 27001, SOC 2).
  • Proficiency in using vendor risk management tools and software.
  • Strong organizational skills and attention to detail to manage multiple vendor assessments simultaneously.
  • Ability to work independently and make informed decisions in a fast-paced environment.
  • High ethical standards and a commitment to maintaining confidentiality and integrity.

Accreditations (Education, Certifications and/or Experience)

  • Bachelor's degree in Business Administration, Risk Management, Information Security, or a related field.
  • 0-4 years of experience in vendor risk management, third-party risk assessment, or a related role.
  • Relevant certifications such as Certified Third Party Risk Professional (CTPRP), Certified Information Systems Auditor (CISA), or Certified Risk and Information Systems Control (CRISC) are preferred.
  • Experience with risk management frameworks and tools is a plus.
OUR BENEFITS
As a Chubb corporate employee, you have access to one of the most comprehensive benefit plans in the business, designed to meet your needs and help you reach your financial goals. More details can be found here. Chubb is committed to supporting its employees with a comprehensive compensation package that is appropriate in the market where they work. Below are several of the many benefits we offer our employees: 
  • Health insurance
  • Dental insurance
  • Tuition reimbursement
  • A company-match 401(k) plan
  • Disability insurance
  • Life insurance
  • Employee referral bonuses

ABOUT COMBINED INSURANCE

Combined Insurance Company of America is a Chubb company and a leading provider of supplemental accident, health, disability, and life insurance products in North America. Headquartered in Chicago, with satellite office in Columbia, SC, Combined is celebrating over 100 years in business. We are committed to making the world of supplemental insurance easy to access and understand. The company has an A+ rating by the Better Business Bureau and an A + (Superior) financial strength rating by A.M. Best. We are ranked by VIQTORY as the number one Military Friendly Employer in 2023 (over $1 billion revenue category), marking Combined's twelfth consecutive year on the Top 10 list. We pride ourselves on approaching all situations with a Positive Mental Attitude (PMA) and encouraging collaboration.


ABOUT CHUBB
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

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About Chubb

Sourced by ZipRecruiter

Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. We are a unique global organization with a culture of individuals passionately committed to our respective crafts. With underwriting at our core, each of us contributes to providing the best insurance coverage and service to our clients. Our highly collaborative, inclusive nature helps us drive better business outcomes through diversity of background, experiences, insights and values.

Industry

Insurance services

Company size

10,000+ Employees

Headquarters location

Warren, NJ, US