What is a vendor risk analyst?

A Vendor Risk Analyst is a professional responsible for assessing and managing risks associated with third-party vendors that provide products or services to an organization. They evaluate vendor practices, security protocols, and compliance with regulations to minimize potential risks such as data breaches, financial losses, or operational disruptions. Their work helps organizations ensure that vendors meet required standards and do not pose undue risk to business operations. Vendor Risk Analysts often use questionnaires, audits, and ongoing monitoring to perform their assessments.