Enterprise Risk Management Intern

AAA-The Auto Club Group

10h • Remote

About The Position

In this position with the AAA ACG Enterprise Risk Management Team, you will: Monitor and manage risk through data analysis, risk identification, and preparing reports for key stakeholders Broaden your knowledge of ERM frameworks and create meaningful connections by cross-collaborating among the many business lines of ACG Support critical enterprise initiatives including risk appetite development, stress testing, and emerging risk analysis ACG is seeking a motivated student to join our team as an Enterprise Risk Management Intern who will work with a small team to support the governance functions managed by this group. In this position, you will have the opportunity to: Learn about the corporate policy governance function Participate in the risk assessment process and analyze results Develop a basic understanding of model risk management Assist in the development of enterprise-wide risk dashboards, KPIs, and KRIs Contribute to the annual ORSA process, including risk identification, governance documentation, and risk narrative development

Requirements

• Must be: At least a junior, fully enrolled in a bachelor’s or master’s degree program at an accredited college/university, with a minimum 3.0 GPA
• Studying a field related to Insurance & Risk Management, Enterprise Risk Management, Insurance, Finance, Business Administration/Management, Actuarial Science, Statistics/Applied Mathematics, Economics, or similar
• Legally authorized to work in the U.S
• Must have: Skills: Strong interpersonal skills, communication skills (oral and written), organizational skills, and strong situational adaptability
• Strong analytical and critical thinking skills
• Strong problem-solving skills and attention to detail
• Ability to work in a fast-paced, dynamic environment
• Ability to multi-task and appropriately prioritize tasks to ensure timely solutions to problems that meet business line goals
• Experience with PC software applications (e.g., Word, Excel, PowerPoint, Access, etc.)
• Proficiency with MS Excel and data analysis
• Knowledge of/Exposure to: Enterprise Risk Management frameworks (e.g. COSO, risk appetite, stress testing)
• Fundamental insurance and financial terms and concepts (e.g. loss ratio, combined ratio, income statement, balance sheet, surplus, reserves)
• The purpose of corporate policies and how governance ensures consistency, compliance, and risk mitigation
• How business and economic drivers influence risk projections
• Basic math calculations to accurately perform various types of transactions
• Ability to: Learn the full range ACG products, services and functions to perform the responsibilities of assigned job
• Assist internal/external client(s) in response to questions, requests and resolution of problems
• Gather data and prepare/track reports
• Assist and/or develop reports/presentations/recommendations for management review
• Communicate effectively with others in a work environment and with the public
• Work independently and on teams

Nice To Haves

• Ability to learn and adapt to corporate cultures and processes and provide own relevant and effective experience and best practices
• Be comfortable in an environment where responsibilities are broadly defined, resources are limited, and collaboration is critical to success
• Ability to provide good service to internal and/or external customers
• Prior internship or project experience in an enterprise risk management role
• Comfortable with ambiguity and creative problem-solving
• Model Risk Management concepts (e.g. validation, governance, documentation, model developers/owners)

Responsibilities

• Monitor and manage risk through data analysis, risk identification, and preparing reports for key stakeholders
• Broaden your knowledge of ERM frameworks and create meaningful connections by cross-collaborating among the many business lines of ACG
• Support critical enterprise initiatives including risk appetite development, stress testing, and emerging risk analysis
• Learn about the corporate policy governance function
• Participate in the risk assessment process and analyze results
• Develop a basic understanding of model risk management
• Assist in the development of enterprise-wide risk dashboards, KPIs, and KRIs
• Contribute to the annual ORSA process, including risk identification, governance documentation, and risk narrative development

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Number of Employees: 101-250 employees