Third Party Risk Management Analyst
4 weeks ago
Third Party Risk Management Analyst - Hybrid page is loaded
Third Party Risk Management Analyst - Hybrid
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remote type
Hybrid
locations
Bloomfield, CT
St. Louis, MO
Philadelphia, PA
time type
Full time
posted on
Posted 2 Days Ago
job requisition id
24004664
Overview:
The Third Party Risk Management Analyst will support efforts to assess and mitigate third-party risk by supporting and performing the Supplier Due Diligence process within Global Procurement & Third Party Management. This role will help to enhance supplier due diligence processes, manage operational aspects of established due diligence processes and perform other third party risk related functions as needed.
Responsibilities:
Performs third-party risk evaluations and supplier due diligence processes through our enterprise risk assessment tool
Researches and consults with internal experts to understand and document risks identified through risk evaluations and due diligence processes
Analyzes and anticipates market trends regarding commercially available supplier due diligence and risk tools and systems
Supports and creates third party risk reporting and key risk metrics, and assists with coordinating and communicating third-party risk results and reports to stakeholders to inform business decisions
Serves as an initial reviewer and checkpoint of basic contractual risk compliance with the line of business
Develops business intelligence dashboards or templates for due diligence activities to inform decision-making and facilitate risk monitoring among categories of suppliers
Maintains and monitors third-party profiles and risk workspaces within our third party risk tool
Identifies and communicates third-party risks to business owners and other stakeholders during the Sourcing process and Category planning Participates in special projects and assessments pertaining to third-party risk and due diligence
Escalates issues or risks internally when appropriate
Partners with stakeholders, matrix partners, and other subject matter experts to continuously improve our third party risk processes
Analyze financial health of companies as needed during the risk diligence process
Maintains and promotes TPRM related policies, SOPs, and procedures and communicates changes to these documents effectively to the larger procurement or stakeholder community
Recommends changes and improvements as needed to sourcing and vendor management processes across procurement that may improve third party risk mitigation
Qualifications:
Knowledge of third-party risk management, due diligence, and KYS (Know your Supplier) concepts, TPRM best practices and related industry best practices
Ability to comprehend third-party financial statements and interpret their meaning or risk for internal stakeholders
Identify markers within an organization that contribute to increased financial or other risk
Demonstrate basic project management and documentation skills to manage multiple parallel workstreams
Ability to compile reports, summaries, and presentations to communicate findings to key stakeholders within the business
Excellent communication skills (verbal and written) to interact effectively, establish credibility and influence at all levels
Strong analytical abilities and critical thinking skills
Experience working with D&B Data and Insights ideal
College degree in Third Party Risk, Finance, Accounting, or Supply Chain Management preferred
If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.
About The Cigna Group
Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we’re dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. Join us in driving growth and improving lives.
Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.
If you require reasonable accommodation in completing the online application process, please email:
SeeYourself@cigna.com
for support. Do not email
SeeYourself@cigna.com
for an update on your application or to provide your resume as you will not receive a response.
The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.
About The Cigna Group
Doing something meaningful starts with a simple decision, a commitment to changing lives.
At The Cigna Group, we’re dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients.
Join us in driving growth and improving lives.
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