Home > Salary > Ethiopia > 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: 209,408 ETB
Estimated Monthly Salary: 17,451 ETB
Estimated Weekly Salary: 4,027 ETB per week
Estimated Hourly Salary: 101 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 16,845 ETB
Estimated Weekly Salary: 3,887 ETB per week
Estimated Hourly Salary: 97 ETB per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 3,491 USD
Estimated Monthly Salary: 291 USD
Estimated Weekly Salary: 67 USD per week
Estimated Hourly Salary: 2 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: 209,408 ETB
Estimated Monthly Salary: 17,451 ETB
Estimated Weekly Salary: 4,027 ETB per week
Estimated Hourly Salary: 101 ETB per hour
By working as Vendor Risk Manager a person can save up to 214 USD per month or 2,569 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 Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Vendor Risk Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Foreign trade specialist (148,227 ETB per year, pre-tax.)
Accounts payable supervisor (128,494 ETB per year, pre-tax.)
Family law associate attorney (180,840 ETB per year, pre-tax.)
Data administrator (125,134 ETB per year, pre-tax.)
Consultant educationtraining (151,920 ETB per year, pre-tax.)
Vendor Risk Manager salary in Ethiopia
Average Yearly Salary of Vendor Risk Manager in Ethiopia is approximately 209,408 ETB (3,491 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: 209,408 ETB
Estimated Monthly Salary: 17,451 ETB
Estimated Weekly Salary: 4,027 ETB per week
Estimated Hourly Salary: 101 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 202,140 ETBEstimated Monthly Salary: 16,845 ETB
Estimated Weekly Salary: 3,887 ETB per week
Estimated Hourly Salary: 97 ETB per hour
Last revision of data: 2024-01-06Vendor Risk Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 3,491 USD
Estimated Monthly Salary: 291 USD
Estimated Weekly Salary: 67 USD per week
Estimated Hourly Salary: 2 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
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Country:
Salary comparison to National average
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Vendor Risk Manager job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Vendor Risk Manager in Ethiopia earns on average:
1.99 times the average salary (or 199% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Vendor Risk Manager job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Vendor Risk Manager in Ethiopia earns on average:
1.99 times the average salary (or 199% of average salary).
Is Vendor Risk Manager a well paid job?
Yes, our data shows that Vendor Risk Manager is a 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 230,349 ETB and 303,642 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Vendor Risk Manager in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 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: 209,408 ETB
Estimated Monthly Salary: 17,451 ETB
Estimated Weekly Salary: 4,027 ETB per week
Estimated Hourly Salary: 101 ETB per hour
By working as Vendor Risk Manager a person can save up to 214 USD per month or 2,569 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 Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. 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
Sudan is 1,378 USD
Kenya is 10,909 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 Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Foreign trade specialist (148,227 ETB per year, pre-tax.)
Accounts payable supervisor (128,494 ETB per year, pre-tax.)
Family law associate attorney (180,840 ETB per year, pre-tax.)
Data administrator (125,134 ETB per year, pre-tax.)
Consultant educationtraining (151,920 ETB per year, pre-tax.)
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