vendor risk management salary

How much does a Third Party Risk Management make?

As of Sep 8, 2022, the average annual pay for a Third Party Risk Management in the United States is $99,215 a year.

Just in case you need a simple salary calculator, that works out to be approximately $47.70 an hour. This is the equivalent of $1,907/week or $8,267/month.

While this web is seeing annual salaries as high as $187,000 and as low as $22,000, the majority of Third Party Risk Management salaries currently range between $64,000 (25th percentile) to $132,500 (75th percentile) with top earners (90th percentile) making $153,500 annually across the United States. The average pay range for a Third Party Risk Management varies greatly (by as much as $68,500), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.

Based on recent job posting activity on this web, the Third Party Risk Management job market in both Hanoi, VN and throughout the entire state of is not very active as few companies are currently hiring. A Third Party Risk Management in your area makes on average $99,266 per year, or $51 (0%) more than the national average annual salary of $99,215. ranks number 1 out of 50 states nationwide for Third Party Risk Management salaries.

To estimate the most accurate annual salary range for Third Party Risk Management jobs, this web continuously scans its database of millions of active jobs published locally throughout America.

Find your next high paying job as a Third Party Risk Management on this web today.

What are Top 5 Best Paying Related Third Party Risk Management Jobs in the U.S.

We found at least five jobs related to the Third Party Risk Management job category that pay more per year than a typical Third Party Risk Management salary. Top examples of these roles include: VP Operational Risk Management, RISK Developer, and Senior Risk Manager.

Importantly, all of these jobs are paid between $28,805 (29.0%) and $51,732 (52.1%) more than the average Third Party Risk Management salary of $99,215. If you’re qualified, getting hired for one of these related Third Party Risk Management jobs may help you make more money than that of the average Third Party Risk Management position.

Job Title Annual Salary Monthly Pay Weekly Pay Hourly Wage
VP Operational Risk Management $150,947 $12,578 $2,902 $72.57
RISK Developer $139,371 $11,614 $2,680 $67.01
Senior Risk Manager $138,623 $11,551 $2,665 $66.65
Director Global Risk Management $128,511 $10,709 $2,471 $61.78
Model Risk Officer $128,020 $10,668 $2,461 $61.55

FAQ

What does a vendor risk manager do?

Vendor risk management (VRM) is a risk management discipline that focuses on pinpointing and mitigating risks associated with vendors. VRM gives companies visibility into the vendors they work with, how they work with them, and which vendors have implemented sufficient security controls.

Does risk management pay well?

According to salary.com, “The average risk manager salary in the United States is $111,765 as of May 28, 2020, but the range typically falls between $96,890 and $127,934.

What is a vendor risk analyst?

The Vendor Risk Analyst coordinates with different internal stakeholders such as Operations, Information Technology, Security, Legal, Procurement and Administrative organizations to ensure vendors are evaluated in meeting business requirements while maintaining security and privacy controls.

What is vendor risk management process?

Vendor risk management (VRM) is the process of ensuring that the use of service providers and IT suppliers does not create an unacceptable potential for business disruption or a negative impact on business performance.

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