Risk Management Intern - Combined Insurance

Chubb

Nov 16, 2023

Applications are closed

Internship
Full-time
Summer Internship
Data
Banking & Finance
Chicago

Requirements

Successful interns at Combined Insurance come from many backgrounds and experiences and bring that rich diversity with them to our company. They also have some things in common, and these attributes will lead to your success at Combined:
Results orientation: a demonstrated ability to meet commitments; including under pressure
Intellectual agility: capable and willing to master and apply new knowledge
Personal capacity: accepting and welcoming of additional responsibility over time
Communication skills: an ability to communicate successfully in various settings
Interpersonal/team skills: able to work effectively with colleagues at all levels
Self-leadership: an ability to take full ownership of work and show initiative as needed
Client focused: understanding of the needs of customers and clients
Work ethic: a commitment to hard work and a high ethical conduct
Qualifications:
Requirements:
Efficient in Microsoft Office, especially Excel, Word and Power Point
Familiarity with risk management, audit and management control concepts
Excellent oral and written communication skills
Basic analytical, decision making and problem-solving skills with strong attention to detail
Strong record of academic achievement (minimum 3.0 cumulative GPA to qualify)
Actively enrolled in an undergraduate or graduate program (December 2024 or May 2025 graduate, preferred) in a Business Administration such as Finance, Audit, Accounting, Risk Management or another similar, relevant discipline
Local to Chicagoland area
Preferred Majors:
Risk Analyst – preferred majors: Risk Management, Business Administration, Finance, Accounting, Data Analytics, Business Intelligence, Computer and Information Systems, Information Technology or other related degree.

Responsibilities

Performing vendor risk assessments for partner organizations that are looking to work with Combined Insurance to validate the existence of a proper control environment.
Monitoring of risk exposures in conformity with the risk principles, profile, appetite, and limits approved by the Board of Combined Insurance while aggregating and reporting material risks.
Partnering closely with the other control functions, supporting the Combined Insurance Company, to ensure that operational controls meet management's need for risk oversight
Supporting the Global Risk Management team in educating the business on risk policies, processes and applications as needed and promoting a strong fiduciary risk management culture
Reviewing user access reports to ensure that the assigned access is appropriate based on the role the individual has within the organization and working with the management team to ensure that the access has been approved per the guidelines.
Attending Risk Management meetings, including overseeing the status of any remediation programs necessary to address control issues and providing regular reports to Management
Reviewing new business opportunities and outsourcing Initiatives while creating an awareness of relevant risks.
Working with the management team to evaluate the resilience of the business continuity framework in place to support the departments recovery plans.

Chubb

The world's largest publicly traded property and casualty insurance company

Finance

Industry

10,001+

Employees

1882

Founded Year

Mission & Purpose

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide.