Operational Risk Senior Analyst Job at The Cigna Group (Hyderabad)

Job Description

In this role, you will be part of a team of Third-Party Risk Management professionals within the Global Procurement, Third Party Management, & Shared Services (GPTPMS) organization. GPTPMS provides procurement-related services to the greater Cigna Group. A key function of this position is to perform risk assessments according to department policy, procedures, and schedule for all new and existing third parties. This position will be an exciting opportunity for establishing a Third-Party Risk Management presence within the innovation hub.

Job Responsibility

Conduct thorough risk assessments of third-party vendors to identify potential compliance, financial and operational risks
Conduct timely executions of Inherent Risk Questionnaires (IRQs) to evaluate risk and controls of third-party suppliers
Utilize GRC tools, Process Unity & Service Now, to execute risk assessments of CIGNA's indirect third parties in accord with program standards
Ensure data validation and quality assurance process is in place for continuous validation of third-party records
Maintain accurate and organized records of all third-party risk management activities
Create and maintain comprehensive risk management reports for company leadership
Maintain awareness of industry best practices and strategic approaches in risk analysis processes and functions
Support TPRM leadership with additional risk management program activities
Support continuous process improvement in all aspects of the TPRM and procurement processes
liaise with the GPTPMS Center of excellence organization in the US to ensure alignment with process, best practices, and talent strategy

Requirements

Strong written and verbal communication skills with the ability to interact with all levels of the organization
Strong interpersonal/relationship management skills
Strong time and project management skills
Knowledge of third-party risk management, due diligence, and KYS (Know your Supplier) concepts, TPRM best practices and related industry best practices
Ability to compile reports, summaries, and presentations to communicate findings to key stakeholders within the business
Strong analytical abilities and critical thinking skills
Experience working with Ariba, Icertis and ProcessUnity ideal
3-5 Years of relevant experience
Third Party Risk experience within indirect procurement
Experience with procurement and third-party risk in an onshore/offshore model
College degree (Bachelor) in related technical/business areas or equivalent work experience
Exposure to Ariba, Icertis or similar Procurement systems and ProcessUnity or similar GRC systems
Experience working with a matrix organization and other internal partners to execute on goals

Nice to have

Experience in health-related fields such as health services, health insurance, pharmacy benefits management, and related fields
Experience with HIPAA, Business Associate Agreements (BAAs), and other related US Healthcare concepts
Coaching and mentoring team members
Industry certifications such as SIG, CTPRP, CTPRA or similar

The Cigna Group - All Job Offers

Select Country

Operational Risk Senior Analyst

Job Description

Job Responsibility

Requirements

Nice to have

Looking for more opportunities?