Home > Salary > Singapore > 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: 244,218 SGD
Estimated Monthly Salary: 20,352 SGD
Estimated Weekly Salary: 4,697 SGD per week
Estimated Hourly Salary: 117 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 19,655 SGD
Estimated Weekly Salary: 4,536 SGD per week
Estimated Hourly Salary: 113 SGD per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 122,103 USD
Estimated Monthly Salary: 10,175 USD
Estimated Weekly Salary: 2,348 USD per week
Estimated Hourly Salary: 59 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: 244,218 SGD
Estimated Monthly Salary: 20,352 SGD
Estimated Weekly Salary: 4,697 SGD per week
Estimated Hourly Salary: 117 SGD per hour
By working as Vendor Risk Manager a person can save up to 7,487 USD per month or 89,847 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 Singapore, see costs of living in Singapore.
Estimated Yearly Salary for Vendor Risk Manager
Last revision of data: 2025-01-04
Data as of 2025
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Vendor Risk Manager salary in Singapore
Average Yearly Salary of Vendor Risk Manager in Singapore is approximately 244,218 SGD (122,103 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: 244,218 SGD
Estimated Monthly Salary: 20,352 SGD
Estimated Weekly Salary: 4,697 SGD per week
Estimated Hourly Salary: 117 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 235,858 SGDEstimated Monthly Salary: 19,655 SGD
Estimated Weekly Salary: 4,536 SGD per week
Estimated Hourly Salary: 113 SGD per hour
Last revision of data: 2024-01-03Vendor Risk Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 122,103 USD
Estimated Monthly Salary: 10,175 USD
Estimated Weekly Salary: 2,348 USD per week
Estimated Hourly Salary: 59 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
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Country:
Salary comparison to National average
Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Vendor Risk Manager job salary compared to average salary in Singapore.
Comparison shows that a person working as Vendor Risk Manager in Singapore earns on average:
2.56 times the average salary (or 256% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Vendor Risk Manager job salary compared to average salary in Singapore.
Comparison shows that a person working as Vendor Risk Manager in Singapore earns on average:
2.56 times the average salary (or 256% 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 268,640 SGD and 354,116 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Vendor Risk Manager in Singapore?
Living in Singapore the approximate monthly expenses are: 2,688 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: 244,218 SGD
Estimated Monthly Salary: 20,352 SGD
Estimated Weekly Salary: 4,697 SGD per week
Estimated Hourly Salary: 117 SGD per hour
By working as Vendor Risk Manager a person can save up to 7,487 USD per month or 89,847 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 Singapore, see costs of living in Singapore.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Indonesia. 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
Malaysia is 32,258 USD
Indonesia is 19,282 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 Singapore
(1,400,313 SGD per year, pre-tax.)
2. Cardiologist
(1,169,524 SGD per year, pre-tax.)
(1,129,281 SGD per year, pre-tax.)
(1,093,464 SGD per year, pre-tax.)
5. Neurosurgeon
(1,091,467 SGD per year, pre-tax.)
(1,068,249 SGD per year, pre-tax.)
7. Oncologist
(1,067,130 SGD per year, pre-tax.)
(1,066,002 SGD per year, pre-tax.)
(1,063,823 SGD per year, pre-tax.)
(1,063,241 SGD per year, pre-tax.)
Data as of 2025Random salary:
Radiology aidetransporter (68,854 SGD per year, pre-tax.)
Land survey technician (96,688 SGD per year, pre-tax.)
Reliability engineer (150,696 SGD per year, pre-tax.)
Tattooist (416,797 SGD per year, pre-tax.)
Environmental health practitioner (125,374 SGD per year, pre-tax.)
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