CVS Health
Sr Analyst, Risk Mgt
CVS Health, Hartford, Connecticut, us, 06112
Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver.Our Heart At Work Behaviors support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.Position Summary
CVS Health is seeking a Sr. Analyst to join our team! This position will be key in supporting the implementation of the Enterprise Risk Management (ERM) framework that spans all of CVS Health including the Health Care Benefit segment (HCB), Health Services (HS) and Pharmacy and Consumer Wellness (PCW) Segment. Effective implementation of the framework relies upon the maintenance of strong relationships with subject matter experts throughout the business that assist in the identification, management and monitoring of significant risks encountered by CVS Health in the execution of our enterprise business strategy.The output of this process will be applied to assess the quantification of strategic, financial and operational risk exposures and loss events that will help provide senior management with better understanding and prioritization of their risks. This individual will be exposed to preparing presentation materials for both internal and external stakeholders. The individual in this position will support the update of enterprise economic capital model which will provide an opportunity for the individual to engage with, and have a deeper understanding of, the different business segments within CVS Health and the risks inherent therein.The optimal candidate would have a strong technical background including experience with building financial models, a solid understanding of the different financial statements, track record of working effectively within structured and unstructured settings and a proven ability to move complex projects through to completion.Key Responsibilities
Help design and implement robust risk quantification techniques to facilitate evaluation and prioritization of financial, strategic and operational risks.Support preparation of the Own Risk Solvency Assessment (ORSA) summary report and provide assistance in preparation of state regulatory questionnaires and rating agency presentation materials.Maintain and enhance current enterprise economic capital model by developing and implementing an approach to capture the risks inherent in all the segments and holding company.Support modeling efforts on new business investments and divestitures.Partner with cross functional areas and team members in quantifying enterprise-wide risk exposures by gathering required/relevant information, facilitating derivation of assumptions and implementing different modeling techniques.Demonstrate strong attention to detail in the gathering, analysis and synthesis of business intelligence to drive achievement of department goals and deliverables.Leverage internal and external networking to drive optimal initiative results and knowledge/best practice transfer.Demonstrate ability to communicate complex concepts in a concise manner in both written and verbal presentations.Required Qualifications
2+ years’ experience in the actuarial or finance field with exposure to financial modeling.2+ years' experience with MS Office skills (MS Excel, PowerPoint, Word, Access, etc.).2+ years' experience with financial models and statistical software (e.g., FIRM, Palisade’s @risk, R, etc.) to enable rapid development and implementation of program capabilities.Preferred Qualifications
Strong knowledge in one or more programming languages.Demonstrated experience successfully working in unstructured setting while performing well on routine and Adhoc tasks.Experience with cross-functional large-scale initiatives with high degree of complexity.Collaborative, team first, change agent mindset.Experience in risk management programs.Education
Bachelors degree in Actuarial, Finance, Mathematics, or Economics majors or equivalent experience.Masters degree preferred.Business Overview
At CVS Health, we are joined in a common purpose: helping people on their path to better health. We are working to transform health care through innovations that make quality care more accessible, easier to use, less expensive and patient-focused. Working together and organizing around the individual, we are pioneering a new approach to total health that puts people at the heart.Pay Range
The typical pay range for this role is: $43,700.00 - $107,200.00. This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year.COVID-19 Vaccination Requirement
CVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated.You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment.CVS Health is committed to recruiting, hiring, developing, advancing, and retaining individuals with disabilities. As such, we strive to provide equal access to the benefits and privileges of employment, including the provision of a reasonable accommodation to perform essential job functions.
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CVS Health is seeking a Sr. Analyst to join our team! This position will be key in supporting the implementation of the Enterprise Risk Management (ERM) framework that spans all of CVS Health including the Health Care Benefit segment (HCB), Health Services (HS) and Pharmacy and Consumer Wellness (PCW) Segment. Effective implementation of the framework relies upon the maintenance of strong relationships with subject matter experts throughout the business that assist in the identification, management and monitoring of significant risks encountered by CVS Health in the execution of our enterprise business strategy.The output of this process will be applied to assess the quantification of strategic, financial and operational risk exposures and loss events that will help provide senior management with better understanding and prioritization of their risks. This individual will be exposed to preparing presentation materials for both internal and external stakeholders. The individual in this position will support the update of enterprise economic capital model which will provide an opportunity for the individual to engage with, and have a deeper understanding of, the different business segments within CVS Health and the risks inherent therein.The optimal candidate would have a strong technical background including experience with building financial models, a solid understanding of the different financial statements, track record of working effectively within structured and unstructured settings and a proven ability to move complex projects through to completion.Key Responsibilities
Help design and implement robust risk quantification techniques to facilitate evaluation and prioritization of financial, strategic and operational risks.Support preparation of the Own Risk Solvency Assessment (ORSA) summary report and provide assistance in preparation of state regulatory questionnaires and rating agency presentation materials.Maintain and enhance current enterprise economic capital model by developing and implementing an approach to capture the risks inherent in all the segments and holding company.Support modeling efforts on new business investments and divestitures.Partner with cross functional areas and team members in quantifying enterprise-wide risk exposures by gathering required/relevant information, facilitating derivation of assumptions and implementing different modeling techniques.Demonstrate strong attention to detail in the gathering, analysis and synthesis of business intelligence to drive achievement of department goals and deliverables.Leverage internal and external networking to drive optimal initiative results and knowledge/best practice transfer.Demonstrate ability to communicate complex concepts in a concise manner in both written and verbal presentations.Required Qualifications
2+ years’ experience in the actuarial or finance field with exposure to financial modeling.2+ years' experience with MS Office skills (MS Excel, PowerPoint, Word, Access, etc.).2+ years' experience with financial models and statistical software (e.g., FIRM, Palisade’s @risk, R, etc.) to enable rapid development and implementation of program capabilities.Preferred Qualifications
Strong knowledge in one or more programming languages.Demonstrated experience successfully working in unstructured setting while performing well on routine and Adhoc tasks.Experience with cross-functional large-scale initiatives with high degree of complexity.Collaborative, team first, change agent mindset.Experience in risk management programs.Education
Bachelors degree in Actuarial, Finance, Mathematics, or Economics majors or equivalent experience.Masters degree preferred.Business Overview
At CVS Health, we are joined in a common purpose: helping people on their path to better health. We are working to transform health care through innovations that make quality care more accessible, easier to use, less expensive and patient-focused. Working together and organizing around the individual, we are pioneering a new approach to total health that puts people at the heart.Pay Range
The typical pay range for this role is: $43,700.00 - $107,200.00. This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year.COVID-19 Vaccination Requirement
CVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated.You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment.CVS Health is committed to recruiting, hiring, developing, advancing, and retaining individuals with disabilities. As such, we strive to provide equal access to the benefits and privileges of employment, including the provision of a reasonable accommodation to perform essential job functions.
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