- 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
- 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
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Third Party Risk Management Analyst - Bloomfield, United States - Cigna
Description
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:
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: for support. Do not email 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.
