Third Party Risk Management Analyst
Are you a highly organized and detail-oriented individual with a passion for risk management? Do you thrive in a fast-paced and dynamic work environment? Cigna is seeking a Third Party Risk Management Analyst to join our team and help manage the risks associated with our third party relationships. In this role, you will play a critical role in safeguarding our company against potential threats and ensuring compliance with regulatory requirements. We are looking for candidates who possess strong analytical skills, excellent communication abilities, and a deep understanding of risk management principles. If you are ready for a challenging and rewarding career, we encourage you to apply for this exciting opportunity.
- Conduct thorough risk assessments of third party vendors and partners to identify potential risks and vulnerabilities.
- Develop and implement risk management strategies and processes to mitigate identified risks.
- Monitor and evaluate third party relationships to ensure ongoing compliance with regulatory requirements and company policies.
- Maintain accurate and up-to-date records of third party risk assessments, audits, and remediation efforts.
- Collaborate with cross-functional teams to communicate and address any identified risks or issues.
- Stay informed of industry regulations, best practices, and emerging risks related to third party risk management.
- Serve as a subject matter expert on third party risk management, providing guidance and support to internal stakeholders.
- Conduct regular training and awareness sessions to educate employees on third party risk management and their role in mitigating risks.
- Develop and maintain strong relationships with third party vendors and partners to foster effective risk management.
- Proactively identify areas for improvement in current risk management processes and make recommendations for enhancements.
Strong Understanding Of Risk Management Principles: A Third Party Risk Management Analyst At Cigna Should Possess A Thorough Understanding Of Risk Management Principles And Methodologies, Including Risk Assessment, Monitoring, And Mitigation Strategies.
Experience In Third Party Risk Management: Candidates For This Role Should Have Previous Experience In Third Party Risk Management, Preferably In The Healthcare Or Insurance Industry. This Includes Experience In Conducting Due Diligence, Vendor Selection, And Contract Negotiation.
Knowledge Of Regulatory Requirements: Cigna Is A Highly Regulated Industry, And The Third Party Risk Management Analyst Must Have A Strong Understanding Of Regulatory Requirements Related To Third Party Vendors. This Includes Knowledge Of Laws Such As Hipaa, Gdpr, And State-Specific Regulations.
Excellent Communication And Relationship Management Skills: The Third Party Risk Management Analyst Will Be Working Closely With Internal Stakeholders And Third Party Vendors. Strong Communication And Relationship Management Skills Are Essential For Effectively Managing These Relationships And Ensuring Compliance With Risk Management Policies.
Analytical And Problem-Solving Abilities: An Effective Third Party Risk Management Analyst At Cigna Should Possess Strong Analytical And Problem-Solving Skills. This Includes The Ability To Identify Potential Risks, Evaluate Their Impact, And Develop Effective Mitigation Strategies To Minimize Risk Exposure.
Vendor Management
Data Analysis
Relationship Management
Risk assessment
Risk Mitigation
Business Continuity
Due Diligence
cybersecurity
Policy Development
Contract review
Compliance monitoring
Audit Coordination
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
creativity
Attention to detail
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Third Party Risk Management Analyst in Philadelphia, PA, USA is between $56,000 and $90,000 per year. This salary range can vary depending on factors such as experience, education, and the specific company or industry the analyst works for. Additionally, bonuses and other forms of compensation may also impact an analyst's overall salary.
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Cigna Corp. provides medical, dental, disability, life and accident insurance and related products and services to businesses, governmental and non-governmental organizations and individuals. It operates through following segments: Global Health Care; Global Supplemental Benefits; Group Disability and Life; Other Operations; and Corporate.
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