Risk Management Specialist

Position OverviewThe Risk Management Specialist plays a strategic role in supporting the Enterprise Risk Management (ERM) function by identifying, assessing, monitoring, and mitigating risks across the organization, with a strong emphasis on insurance industry operations and regulatory requirements. This role supports enterprise-wide risk initiatives, third-party risk oversight, fraud prevention compliance, and regulatory reporting while partnering with business leaders to promote a risk-aware culture.This position reports to the Director of Enterprise Risk Management.Essential ElementsThird-Party Risk Management (TPRM) Support execution and continuous improvement of the TPRM program. Conduct pre-contract due diligence and ongoing vendor risk assessments. Facilitate annual vendor reviews and ensure timely remediation of identified issues. Administer and maintain vendor risk management systems/platforms. Prepare monthly and quarterly vendor risk dashboards and reporting. Vendor Inventory Management Maintain accuracy and completeness of the vendor inventory database. Ensure vendor records remain current and compliant with internal standards. Special Investigations Unit (SIU) Coordination Coordinate investigations of suspected fraudulent insurance claims. Maintain accurate and detailed investigative documentation. Ensure compliance with state anti-fraud regulations and reporting deadlines. File required reports with state Departments of Insurance. Coordinate annual and new hire fraud awareness training. Enterprise Risk Management Support Support enterprise risk assessments, risk identification, mitigation planning, and monitoring activities. Maintain enterprise risk registers and supporting documentation. Assist with control assessments and issue tracking. Risk Reporting & Analytics Develop and maintain dashboards, KRIs, and management reporting. Analyze trends and emerging risks for leadership review. Compliance & Regulatory Support Assist with ORSA documentation and NAIC-related reporting. Review SOC 1 reports and track Complementary User Entity Controls (CUECs). Support internal and external audit requests as needed. Continuous Improvement / Projects Participate in cross-functional strategic initiatives. Identify automation and process improvement opportunities across risk programs.RequirementsEducation Bachelor’s degree in Risk Management, Finance, Accounting, Business, or related field required. Equivalent experience considered. Experience0-2 years of experience in enterprise risk management, internal audit, compliance, insurance operations, or related field preferred. Experience with third-party risk management, vendor governance, or GRC systems strongly preferred. Experience with insurance regulatory environments highly desirable. SkillsMicrosoft Excel, PowerPoint, Word (advanced proficiency preferred) Experience with GRC platforms, vendor management tools, or data visualization tools (Power BI preferred) Strong analytical and critical thinking skills Excellent written and verbal communication High attention to detail and organization Ability to manage multiple priorities independently Strong stakeholder relationship skillsTravel RequiredLess than 10%