Summer Student - Operational Risk Management

Posted 21 Days Ago
Be an Early Applicant
Ferry Road, MD
Internship
Fintech • Insurance • Financial Services
The Role
The Summer Student will assist the Operational Risk Management team with daily tasks, data entry, report drafting, and risk analysis. The role involves attending risk meetings and collaborating with various business partners to understand and implement risk management best practices. The student will also have opportunities to learn about operational risk functions.
Summary Generated by Built In

Together we fight for everyone’s opportunity for a better financial future.

We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today.

Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage – Apply Now

Get to Know the Opportunity:  

Assist the Operational Risk Management team with various projects and day to day tasks while meeting business partners across the firms and attending various risk meetings to develop a solid undertaking of risk management best practices at Voya and across the industry. The individual will be provided opportunities to learn and interact with Risk team members as well as business partners across Voya IM. Please Note: This position has been designated as a hybrid-office/home role. Details of your in-office schedule will be finalized with your manager.

The Contributions You’ll Make:  

  • Incident Management Data Entry and Analysis.

  • Assist with compiling ad-hoc incident/Key Risk Indicator (KRI) reports and charts as requested by the business.

  • Assist with drafting reports and presentations for Operational Risk related reports.

  • Read through and understand the Operational Risk Management “ORM” Function/Team Overview and framework.

  • Attend regular or biweekly team meetings with key members of the Risk team to continue to learn about the Risk function and how we interact with the business

  • Attend ORC Meetings as a guest and the Risk Bi-weekly meeting for learning & education opportunities.

  • Assist with updating IM BU Hierarchy incorporating recent organization announcements and operation model changes, if needed. 

  • Assist with review and revisions to internal procedures, templates, etc., if needed.

  • Review inventory of BlackRock (BR) issues/action items that haven been open and outstanding for years that are not being addressed by BR

  • Assist with the analysis of ORM Risk Reviews completed over the years to determine risk areas that are due for review, leveraging the Atlas tool.

  • Assist with performing incident reconciliations between Webfocus and Archer.

Preferred Knowledge & Experience:

  • Pursuing a Bachelor's degree in Accounting, Finance, or Economics

  • Microsoft Office proficiency and experience

  • Dependable, quick learner who is independent and works well with others

  • Strong analytical, written communication and organizational skills

  • Knowledge of finance, insurance industry, investment fields, insurance products or operations is helpful but not mandatory

  • Strong work ethic and organizational skills

#LI-MN1

Compensation Pay Disclosure:

Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities.

The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting.

Actual compensation offered may vary from the posted salary range based upon the candidate’s geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

$20.00/hr USD

Be Well. Stay Well.

Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That’s why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well.

What We Offer

  • Health, dental, vision and life insurance plans
  • 401(k) Savings plan – with generous company matching contributions (up to 6%)
  • Voya Retirement Plan – employer paid cash balance retirement plan (4%)
  • Tuition reimbursement up to $5,250/year
  • Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
  • Paid volunteer time — 40 hours per calendar year

Learn more about Voya benefits (download PDF)

Critical Skills

At Voya, we have identified the following critical skills which are key to success in our culture:

  • Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
  • Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
  • Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
  • Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
  • Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

Learn more about Critical Skills

Equal Employment Opportunity

Voya Financial is an equal-opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law.

Reasonable Accommodations

Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities.

Misuse of Voya's name in fraud schemes

The Company
HQ: New York, NY
5,463 Employees
On-site Workplace
Year Founded: 2014

What We Do

Voya Financial, Inc. (NYSE: VOYA), provides health, wealth and investment solutions that enable its approximately 14.8 million individual, workplace and institutional clients to achieve their financial wellness goals with confidence. With a vision to be America’s Retirement Company®, Voya’s products, solutions and digital capabilities help create a better financial future for all. Voya is a Fortune 500 company that had $7.6 billion in revenue in 2020 and $729 billion in total assets under management and administration as of March 31, 2021. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as one of the World’s Most Ethical Companies® by the Ethisphere Institute; as the No. 1-ranked financial services firm among Barron’s 100 Most Sustainable Companies for three consecutive years; as a member of the Bloomberg Gender Equality Index; and as a “Best Place to Work for Disability Inclusion” on the Disability Equality Index.

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