Home > Salary > Australia > Vendor Risk Manager
A vendor risk manager is responsible for assessing and managing the risks associated with third-party vendors that an organization relies upon. They play a critical role in ensuring that vendors meet the necessary security, compliance, and operational requirements. The vendor risk manager conducts due diligence on potential vendors, evaluates their contracts and agreements, and monitors their performance to identify and mitigate any potential risks.
This occupation requires strong analytical skills, as well as knowledge of risk management principles and industry regulations. Effective communication and negotiation skills are crucial for building relationships with vendors and internal stakeholders. Attention to detail and the ability to prioritize tasks are essential for managing multiple vendor relationships simultaneously. The vendor risk manager must also stay updated on industry trends and best practices to continuously improve the vendor risk management program.
Estimated Yearly Salary: 220,029 AUD
Estimated Monthly Salary: 18,336 AUD
Estimated Weekly Salary: 4,231 AUD per week
Estimated Hourly Salary: 106 AUD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 17,675 AUD
Estimated Weekly Salary: 4,079 AUD per week
Estimated Hourly Salary: 102 AUD per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 109,473 USD
Estimated Monthly Salary: 9,123 USD
Estimated Weekly Salary: 2,105 USD per week
Estimated Hourly Salary: 53 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 220,029 AUD
Estimated Monthly Salary: 18,336 AUD
Estimated Weekly Salary: 4,231 AUD per week
Estimated Hourly Salary: 106 AUD per hour
By working as Vendor Risk Manager a person can save up to 6,706 USD per month or 80,467 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Australia, see costs of living in Australia.
Estimated Yearly Salary for Vendor Risk Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Phone sex operator (67,186 AUD per year, pre-tax.)
Health educationpromotion director (106,364 AUD per year, pre-tax.)
Clinical data coordinator (69,174 AUD per year, pre-tax.)
Medical allergy specialist (46,116 AUD per year, pre-tax.)
Branch manager insurance office (140,960 AUD per year, pre-tax.)
Vendor Risk Manager salary in Australia
Average Yearly Salary of Vendor Risk Manager in Australia is approximately 220,029 AUD (109,473 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Vendor Risk Manager do?
A vendor risk manager is responsible for assessing and managing the risks associated with third-party vendors that an organization relies upon. They play a critical role in ensuring that vendors meet the necessary security, compliance, and operational requirements. The vendor risk manager conducts due diligence on potential vendors, evaluates their contracts and agreements, and monitors their performance to identify and mitigate any potential risks.
This occupation requires strong analytical skills, as well as knowledge of risk management principles and industry regulations. Effective communication and negotiation skills are crucial for building relationships with vendors and internal stakeholders. Attention to detail and the ability to prioritize tasks are essential for managing multiple vendor relationships simultaneously. The vendor risk manager must also stay updated on industry trends and best practices to continuously improve the vendor risk management program.
Skills: Vendor risk management, Third-party risk assessment, Compliance management, Contract evaluation, Risk mitigation, Relationship building.
Job industry: Finance
Job industry: Finance
How much does Vendor Risk Manager make?
Salary details
How much does Vendor Risk Manager make?Estimated Yearly Salary: 220,029 AUD
Estimated Monthly Salary: 18,336 AUD
Estimated Weekly Salary: 4,231 AUD per week
Estimated Hourly Salary: 106 AUD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 212,098 AUDEstimated Monthly Salary: 17,675 AUD
Estimated Weekly Salary: 4,079 AUD per week
Estimated Hourly Salary: 102 AUD per hour
Last revision of data: 2024-01-09Vendor Risk Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 109,473 USD
Estimated Monthly Salary: 9,123 USD
Estimated Weekly Salary: 2,105 USD per week
Estimated Hourly Salary: 53 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Australia is a vast country located in the southern hemisphere. It has a diverse population of approximately 25 million people. The country spans an area of about 7.7 million square kilometers, making it the sixth-largest country in the world. Australia is surrounded by the Indian and Pacific Oceans and is known for its stunning landscapes, including the Great Barrier Reef, Uluru, and the Outback.
Estimated national average yearly salary is 84,179 AUD (60,430 USD). Value indicated is pre-tax. Below graph shows estimated Vendor Risk Manager job salary compared to average salary in Australia.
Comparison shows that a person working as Vendor Risk Manager in Australia earns on average:
2.61 times the average salary (or 261% of average salary).
Estimated national average yearly salary is 84,179 AUD (60,430 USD). Value indicated is pre-tax. Below graph shows estimated Vendor Risk Manager job salary compared to average salary in Australia.
Comparison shows that a person working as Vendor Risk Manager in Australia earns on average:
2.61 times the average salary (or 261% of average salary).
Is Vendor Risk Manager a well paid job?
Yes, our data show that Vendor Risk Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Vendor Risk Manager?
High salary for Vendor Risk Manager would be somewhere between 242,032 AUD and 319,042 AUD. However this is an estimation based on Gaussian Distribution.How much can you save working as Vendor Risk Manager in Australia?
Living in Australia the approximate monthly expenses are: 2,417 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 220,029 AUD
Estimated Monthly Salary: 18,336 AUD
Estimated Weekly Salary: 4,231 AUD per week
Estimated Hourly Salary: 106 AUD per hour
By working as Vendor Risk Manager a person can save up to 6,706 USD per month or 80,467 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Australia, see costs of living in Australia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Indonesia, Papua New Guinea, East Timor. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Vendor Risk Manager
Indonesia is 19,282 USD
East Timor is 81,745 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Australia
(1,263,730 AUD per year, pre-tax.)
2. Cardiologist
(1,046,644 AUD per year, pre-tax.)
(1,011,540 AUD per year, pre-tax.)
4. Neurosurgeon
(985,848 AUD per year, pre-tax.)
(982,803 AUD per year, pre-tax.)
(961,472 AUD per year, pre-tax.)
(960,386 AUD per year, pre-tax.)
8. Oncologist
(959,337 AUD per year, pre-tax.)
9. Urologist
(958,953 AUD per year, pre-tax.)
10. Plastic surgeon
(958,802 AUD per year, pre-tax.)
Data as of 2025Random salary:
Phone sex operator (67,186 AUD per year, pre-tax.)
Health educationpromotion director (106,364 AUD per year, pre-tax.)
Clinical data coordinator (69,174 AUD per year, pre-tax.)
Medical allergy specialist (46,116 AUD per year, pre-tax.)
Branch manager insurance office (140,960 AUD per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=australia&job=vendor-risk-manager'><img src='https://optisalary.com/wp-content/graphs/salary/vendor-risk-manager-salary-in-australia-2025.jpg' alt='vendor risk manager salary in australia 2025' title='vendor risk manager salary in australia 2025' /></a>
Please note:This website offers salary insights for informational purposes exclusively.
All salary data on optisalary.com are for reference purposes only. We gather data from various trusted databases, yet cannot ensure complete precision. Before making career decisions, visitors should consult additional authoritative sources. Salaries fluctuate due to several influences, including negotiation skills, industry demand, and experience levels. We disclaim any liability for misrepresentations in the salary information provided here. Your use with optisalary.com constitutes acceptance of this policy.
optisalary.com aggregates salary data for educational use exclusively. While we strive to present accurate estimates, we do not ensure their absolute reliability. Users are highly encouraged to consult other databases before making financial plans. Salary figures fluctuate based on several conditions, such as industry trends, negotiation power, and regional demand. We make no claims as to the correctness of the listed information. Your access of this site acknowledges agreement of this notice.