Vendor Risk Analyst

Career Guide

A Vendor Risk Analyst evaluates the risks of working with third-party providers. The role helps protect the organization from issues such as data loss, service outages, fraud, and regulatory penalties by reviewing vendors, tracking findings, and supporting ongoing monitoring.

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Key Responsibilities

Review vendor risk questionnaires and supporting documents
Assess vendor security, privacy, and operational controls
Validate vendor policies, reports, and evidence
Identify gaps and document risk findings
Recommend risk treatments such as remediation plans and contract changes
Track remediation actions and due dates
Support vendor onboarding and renewal decisions
Coordinate with Legal, Security, Privacy, and Procurement teams
Maintain vendor risk records and prepare status reporting
Monitor vendor changes, incidents, and performance signals

Top Skills for Success

Risk Assessment

Security Fundamentals

Privacy Fundamentals

Due Diligence

Evidence Review

Contract Risk Awareness

Stakeholder Management

Written Communication

Attention to Detail

Issue Tracking

Career Progression

Can Lead To

Vendor Risk Analyst

Third Party Risk Analyst

Compliance Analyst

Security Governance Analyst

Procurement Analyst

Transition Opportunities

Third Party Risk Manager

Information Security Risk Manager

Governance Risk and Compliance Manager

Privacy Risk Manager

Vendor Management Lead

Security Program Manager

Common Skill Gaps

Often Missing Skills

Vendor Contract ReviewSecurity Control EvaluationPrivacy Risk EvaluationBusiness Continuity ReviewReport WritingRisk PrioritizationMetrics Reporting

Development SuggestionsBuild a simple vendor review checklist, practice summarizing findings in one page, and learn how to rate risk consistently. Ask to join contract review meetings, shadow security and privacy reviews, and create a basic dashboard that tracks vendor status, open issues, and remediation progress.

Market Intelligence Report

Vendor Risk Analyst is part of the Cybersecurity category.Explore our market intelligence report to see how AI and hiring demand are shifting for these roles.

See the market intelligence report

Salary & Demand

Median Salary Range

Entry LevelUSD 65,000 to 85,000

Mid LevelUSD 85,000 to 115,000

Senior LevelUSD 115,000 to 150,000

Growth Trend

Growing steadily due to increased outsourcing, stricter privacy expectations, and higher scrutiny of third-party security and resilience.

Companies Hiring

Major Employers

JPMorgan ChaseBank of AmericaWells FargoCapital OneUnitedHealth GroupCVS HealthAmazonGoogleMicrosoftSalesforceDeloitteAccenture

Industry Sectors

Financial ServicesHealthcareTechnologyRetailInsuranceTelecommunicationsConsultingGovernment Contractors

Recommended Next Steps

Create a portfolio example of a vendor assessment summary using a mock vendor

Learn common vendor evidence types and how to verify completeness

Practice writing clear risk statements and remediation actions

Partner with Procurement to understand onboarding and renewal workflows

Build a tracking system for findings, owners, dates, and outcomes

Prepare interview stories focused on risk judgment, communication, and prioritization