Summer Student - Operational Risk Management at Voya Financial

Atlanta, Georgia, United States

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Not SpecifiedCompensation

InternshipExperience Level

Full TimeJob Type

UnknownVisa

Financial Services, Risk ManagementIndustries

Requirements

Pursuing a bachelor degree in a related field
Functional knowledge on investments/financial markets
Strong analytical, written and communication skills
Self-motivator and able to work with several individuals on risk team
Good technical foundation on databases, programming languages

Responsibilities

Incident Management Data Entry and Analysis
Assist with compiling ad-hoc incident/Key Risk Indicator (KRI) reports and charts as requested by the business
Assist with drafting reports and presentations for Operational Risk related reports
Read through and understand the Operational Risk Management “ORM” Function/Team Overview and framework
Attend regular or biweekly team meetings with key members of the Risk team to continue to learn about the Risk function and how we interact with the business (Investment risk, Analytics & Reporting etc.)
Attend ORC Meetings as a guest and the Risk Bi-weekly meeting for learning & education opportunities
Assist with updating IM BU Hierarchy incorporating recent organization announcements and operation model changes, if needed
Assist with review and revisions to internal procedures, templates, etc., if needed
Review inventory of BlackRock (BR) issues/action items that have been open and outstanding for years that are not being addressed by BR (work with DIG and ORM contact Laali Al-Ali)
Assist with the analysis of ORM Risk Reviews completed over the years to determine risk areas that are due for review, leveraging the Atlas tool
Assist with performing incident reconciliations between Webfocus and Archer
Conduct Operational Risk Industry Trends & Research
Automation and Transition of KRI Dashboards, Incident dashboards
Other duties as assigned

Skills

Key technologies and capabilities for this role

Incident ManagementData EntryData AnalysisRisk ReportingKRIExcelPowerPointOperational Risk

Questions & Answers

Common questions about this position

What kind of compensation or salary can I expect for this Summer Student position?

This information is not specified in the job description.

Is this Summer Student role remote or does it require office work?

This information is not specified in the job description.

What skills or experiences are required for this Operational Risk Management Summer Student role?

This information is not specified in the job description.

What is the company culture like at Voya Financial?

Voya Financial emphasizes a strong purpose-driven culture focused on fighting for financial opportunities, valuing differences, and fostering an inclusive environment where employees bring their whole selves to work.

What makes a strong candidate for this Summer Student position in Operational Risk Management?

A strong candidate would be eager to assist with projects like incident management data entry, analysis, report drafting, attending risk meetings, and using tools like Atlas, Webfocus, and Archer, while demonstrating interest in learning risk management best practices.

Voya Financial

Provides financial services and retirement solutions

About Voya Financial

Voya Financial offers a range of financial services, including retirement plans, investment management, and insurance products, to help individuals and businesses achieve financial wellness. Their services cater to individuals seeking retirement planning, employers looking to enhance employee benefits, and institutions needing tailored investment management. Voya stands out from competitors through its commitment to inclusiveness and corporate responsibility, which helps attract clients and talent. The company's goal is to build long-term relationships with clients, ensuring they achieve financial confidence and a fulfilling life.

New York City, New YorkHeadquarters

2014Year Founded

IPOCompany Stage

Fintech, Financial ServicesIndustries

5,001-10,000Employees

Benefits

Health Savings Account (HSA)

Flexible Spending Accounts (FSA)

Rally wellness program

Employee Assistance Program (EAP) and Work Life Services

Behavioral Health Family Support Program

Livongo support for diabetes, hypertension, and weight management

AccessHope cancer support

Wellthy caregiving assistance

Back-up child care and elder care

Health Advocate

ABLE accounts

Legal insurance

Identity theft protection

Voya Foundation Matching Gift Program

Risks

Increased competition from fintech companies may erode Voya's market share.

Operational challenges in integrating OneAmerica's business could affect service quality.

Regulatory scrutiny on fees may impact Voya's pricing strategies and profitability.

Differentiation

Voya's commitment to inclusiveness and corporate responsibility sets it apart in the market.

The acquisition of OneAmerica's retirement plan business expands Voya's client base significantly.

Voya's focus on digital financial planning tools enhances client engagement and satisfaction.

Upsides

Voya's ESG commitment aligns with the growing investor focus on sustainable investing.

The financial wellness market's growth offers significant opportunities for Voya's programs.

AI integration in investment management can enhance Voya's strategies and client outcomes.

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