Third Party Risk Management Intern at Chubb External

Sydney, New South Wales, Australia -

Full Time

Start Date

Immediate

Expiry Date

05 Feb, 26

Salary

0.0

Posted On

07 Nov, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Compliance, Process Improvement, Data Integrity, Documentation, Stakeholder Liaison, Operational Tasks, Assessment, Tracking, Collaboration, Vendor Management, Reconciliation, Materiality Assessment, Third-Party Management, Cyber Risk

Industry

Insurance

Description

Chubb celebrates diversity by fostering an inclusive, flexible and equitable workplace. We support applications from all members of our community and equitable access to our employment opportunities. We are open to discussing workplace flexibility in all our vacancies, to ensure we can attract the best candidates and accommodate individual needs, differences, disabilities and working arrangements. Please let us know if you require any adjustments to the recruitment process so we can support you to present your best self. Chubb is a world leader in insurance. 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 approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com. Your Role The Risk Intern role supports the Risk Management team with a focus on Claims Third Party Administrators. This role is ideal for a detail-oriented individual interested in risk, compliance, and process improvement. The intern will assist with ongoing operational tasks, periodic assessments, and a key migration project, ensuring robust management of third-party arrangements. Your Responsibilities: Assist with tasks such as sharing the third-party register and collating materials for the Regulator, External Auditors or the Compliance team. Distribute Materiality Assessment Tool for periodic re-assessments based on risk rating and update the Third-Party Register with assessment outcomes. Maintain trackers for half-yearly internal and annual external attestations, including, but not limited to, sending follow-up emails, collating responses from business units and developing action plans. Maintain Third-Party Register, ensuring information is current and complete, such as filling in missing information and verifying if arrangements have terminated or renewed past their end date. Monthly reconciliation of Third-Party Cyber Risk (TPCR) ratings against the Inherent Risk Questionnaire (IRQ) list and liaising with key stakeholders on all aspects of the process. Have ownership over the onboarding process for third parties, including coordination with Claims Vendor Management. Review folders and documentation ahead of reporting deadlines to identify new agreements and ensure processes have been followed. Transfer Low, Medium, and High-rated risks from the old third-party register to the new register, ensuring data integrity and completeness.

Responsibilities

The intern will support the Risk Management team with a focus on Claims Third Party Administrators. Responsibilities include maintaining the Third-Party Register, assisting with assessments, and managing operational tasks related to third-party arrangements.