Risk Management Analyst Intern MD/DC/VA - Fall Recruitment (Remote)

Summary

CareFirst BlueCross BlueShield is seeking a Risk Management Analyst Intern to support operational risk programs. The intern will help identify and manage risks, collaborate on risk assessments, and maintain documentation related to third party risk management.

Responsibilities

• Help to identify issues and concerns, provide the appropriate level of support, and proactively manage risk, control efficiency and effectiveness, and develop process improvement opportunities to improve the enterprise risk culture
• Track and monitor evolving risks and threats maintained within the centralized risk register, including third party risks, and collaborate with business owners to track risk and threat mitigation strategies
• Collaborate with the Risk team and business owners to identify and contribute to a centralized inventory of processes, controls, process-level risks, and areas for improvement to ensure efficiency in the control and process environment across the enterprise
• As a part of this team you will help to provide advisory support in the completion of divisional risk assessments
• Govern and support associates in the completion of third party risk assessments and control self-assessments to ensure the adequacy of controls in place to safeguard the organization, including tracking, monitoring, and managing issues identified
• Maintain documentation for re-performance ability, including leveraging the Governance Risk and Compliance (GRC) tool and repository (e.g., Optro)
• Contribute to the repository of best practices and tools/accelerators related to third party risk assessments, operational risk assessments, and control self-assessments
• Support maintenance of the centralized repository for third party relationships including accountable business owners, inherent risk, and tier for each respective third party relationship
• Provide support to Integrated Compliance teams to ensure compliance with the Third Party Risk Management (TPRM) framework and standards to ensure that controls in place surrounding data protection, privacy, and access (among other areas) are compliant with corporate standards and risk appetite
• Support completion of due diligence on third party controls in place both corporately and with the third party, in collaboration with subject matter resources across all relevant risk domains to determine residual risk of third party relationships
• Collaborate with Integrated Compliance teams and key subject matter resources across all relevant risk domains to define and establish frameworks (e.g., Compliance, Risk Assessment, Risk Governance) and definitions for key data elements
• Maintain frameworks to meet industry standards (e.g., NIST, HITRUST)
• Contribute to the development of enterprise-wide training and awareness materials that educate associates and leadership on best practices, pervasive operational risk management issues, risk management tools and processes, and lessons learned

Skills

• This position requires an individual working towards a Bachelors degree from an accredited college or university
• We are looking for students at the rising Junior or Senior level seeking degrees in Finance or Risk Management with a cumulative GPA of 3.0 or above
• Ability to work independently and as part of a team
• Must be reliable, hardworking and have a strong work ethic
• Excellent interpersonal skills and the ability to positively interface with and establish and maintain effective working relationships with internal staff and external clients
• Attention to detail and excellent analytical and problem-solving skills
• Excellent written and verbal communication skills
• Excellent organizational skills and ability to multi-task and reprioritize work, as necessary
• Ability to assist in performing assessments, including compliance & legal reviews, contract reviews, testing controls, and developing & reviewing assessment reports
• Understands and possesses general project management skills relevant to performing assessment functions and responsibilities

Qualifications

Must Haves

• This position requires an individual working towards a Bachelors degree from an accredited college or university
• We are looking for students at the rising Junior or Senior level seeking degrees in Finance or Risk Management with a cumulative GPA of 3.0 or above
• Ability to work independently and as part of a team
• Must be reliable, hardworking and have a strong work ethic
• Excellent interpersonal skills and the ability to positively interface with and establish and maintain effective working relationships with internal staff and external clients
• Attention to detail and excellent analytical and problem-solving skills
• Excellent written and verbal communication skills
• Excellent organizational skills and ability to multi-task and reprioritize work, as necessary
• Ability to assist in performing assessments, including compliance & legal reviews, contract reviews, testing controls, and developing & reviewing assessment reports
• Understands and possesses general project management skills relevant to performing assessment functions and responsibilities