Factory Mutual Insurance Company

Senior Vendor Security Risk Management Analyst

Factory Mutual Insurance Company$106K — $152K *
Information Technology
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in cybersecurity or cyber risk, particularly in third-party risk management.
  • Experience assessing vendor security in cloud (SaaS/PaaS) and enterprise environments.
  • Strong understanding of cloud security and secure system design across AWS and Azure.
  • Ability to interpret security documentation like SOC reports and ISO certifications.
  • Familiarity with risk assessment methodologies and regulatory standards like NIST and ISO 27001.

Responsibilities

  • Lead comprehensive third-party risk assessments and security reviews throughout the vendor lifecycle.
  • Evaluate vendor security programs and specific solution architecture for risks.
  • Identify and communicate cyber risks associated with data protection and system connectivity.
  • Review security documentation and technical configurations to ensure compliance.
  • Recommend risk mitigation strategies and design adjustments.
  • Collaborate with teams across the organization to manage third-party risk governance.
  • Contribute to the development of the organization’s TPRM framework and standards.

Benefits

  • Comprehensive medical, dental, and vision insurance.
  • Life and disability insurance coverage.
  • Well-being programs to support employee health.
  • 401(k) and pension plan options for retirement savings.
  • Career development opportunities and tuition reimbursement.
  • Flexible work options and vacation time.
Full Job Description
Work Schedule
This position requires on-site work one day per week at our Corporate Headquarters and flexibility to be on-site when needed based on the demands of the business

Relocation is not offered for this position.

Position Summary

FM is seeking a Senior Information Security Analyst with deep expertise in Third-Party Risk Management (TPRM), you will play a critical role in protecting FM by assessing how external vendors, SaaS platforms, and cloud solutions interact with our systems and data. This high-impact role where your expertise in cyber risk, vendor security, and cloud architecture will help shape business decisions, strengthen our security posture, and support innovation in a secure way. This includes reviewing both the vendor's security control environment and the specific solution being implemented, with a focus on data handling, storage, and integration with internal systems.

You will partner closely with business, technology, and procurement teams to identify risks and recommend practical, business-aligned mitigation strategies.

You will lead end-to-end cybersecurity risk assessments of third-party vendors and solutions-going beyond standard due diligence to evaluate real-world risk across systems, data, and integrations.

Key Responsibilities
  • Lead end-to-end third-party solution risk assessments and vendor security reviews across the vendor lifecycle, including due diligence, onboarding, ongoing monitoring, and reassessments.
  • Evaluate vendor security programs, control effectiveness, and governance, along with deep-dive assessment of the specific product being implemented including solution architecture, data flows, and integration points.
  • Identify and communicate inherent and residual cyber risks related to data protection, privacy, IAM, privileged access, system connectivity, and external attack surface exposure.
  • Review and interpret security documentation, including SOC 1/SOC 2 reports, ISO 27001 certifications, audit reports, architecture diagrams, data flow diagrams, and technical configurations.
  • Recommend practical risk mitigation strategies, including compensating controls, secure design changes, and contractual safeguards to support risk-informed decisions.
  • Partner with business, technology, procurement, and legal teams to support risk acceptance, exception management, and third-party risk governance.
  • Contribute to the evolution of FM's third-party risk management framework, methodology, and standards in alignment with NIST, ISO 27001, NYDFS, and other applicable regulatory expectations.


Qualifications

  • 5+ years of experience in cybersecurity, information security, or cyber risk, with a background in third-party risk management (TPRM), IT risk, audit, incident response, or access management.
  • Experience assessing vendor security posture in cloud (SaaS/PaaS)and enterprise environments.


Technical Expertise
  • Strong understanding of systems, networks, application architecture, cloud security, and secure system design across AWS, Azure, SaaS, PaaS, APIs, and enterprise integrations.
  • Experience evaluating data flows, data classification, data protection, data governance, and secure data handling practices.
  • Knowledge of IAM, SSO, federation, privileged access, cyber threats, vulnerabilities, and attack methodologies.
  • Ability to interpret SOC 1, SOC 2, ISO certifications, and other third-party assurance artifacts to identify control gaps and residual risk.


Risk & Analysis:
  • Ability to identify, assess, and clearly communicate complex cyber risks, trade-offs, and residual risk.
  • Experience recommending practical, business-aligned risk based mitigation strategies, including compensating controls and secure design changes.
  • Strong analytical judgment, attention to detail, and risk-based decision-making.


Collaboration & Communication
  • Ability to translate technical findings into clear, business-relevant insights and recommendations.
  • Strong stakeholder management and partnership across business, technology, procurement, and legal teams.
  • Collaborative, solutions-focused mindset with strong influencing skills in a fast-paced assessment environment.
  • High degree of professional skepticism and curiosity when evaluating vendor claims and evidence
  • Ability to manage multiple priorities independently while maintaining quality and consistency of assessments


Tools & Certifications:
  • Proficiency with Microsoft Office tools.
  • Relevant certifications such as CISSP, CISA, CSA, CISM, Security+, GIAC, CEH, or similar are strongly desired.


Education

Bachelor's degree in information security, Computer Science, Information Technology, or a related field required. An equivalent of relevant work experience will also be considered.

The hiring range for this position is $106,000- $152,000. The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM's comprehensive Total Rewards program that includes an incentive plan, medical, dental and vision insurance, life and disability insurance, well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, and time off, including vacation and sick time.

#LI-NL1

About Factory Mutual Insurance Company

Factory Mutual Insurance Company (FM Global) is a mutual insurance company that specializes in loss prevention services primarily for large corporations. FM Global insures one out of every three Fortune 1000 companies and has clients in more than 130 countries. The company was founded in 1835 and has its headquarters in De Pere, Wisconsin. FM Global offers a range of insurance products and services, including property insurance, business interruption insurance, and equipment breakdown insurance. The company also provides risk management services, such as engineering and research, to help clients prevent losses. FM Global is known for its engineering expertise and its focus on loss prevention.
Learn more about Factory Mutual Insurance Company
Size
5,500 employees
Industry
Net Income
$1.2 billion
5 Year Trend
+2%
Revenue
$6 billion

Similar Jobs

More Jobs at Factory Mutual Insurance Company

More Information Technology Jobs

Find similar Senior Vendor Security Risk Management Analyst jobs: