Senior Analyst - Risk Management

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Job Description
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), Pharmacy Service Segment (PSS) and Retail 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, preparing responses for regulators and rating agencies on various risk topics and engaging directly with regulators to discuss their questions and concerns. 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.

• Collaborate with the different business operations to accurately identify enterprise risks using current and emerging industry standard tools and methodologies.
• 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 in verbal presentations

Pay Range
The typical pay range for this role is:
Minimum: 43,700
Maximum: 100,000

Please keep in mind that this range represents the pay range for all positions in the job grade within which this position falls. The actual salary offer will take into account a wide range of factors, including location.

Required Qualifications
• 2 years' experience in the finance field with exposure to financial modeling
• 1 years of strong MS Office skills (MS Excel, PowerPoint, Word, Access, etc.).
• 6 months of experience with cross-functional large-scale initiatives with high degree of complexity.

Preferred Qualifications
• Experience in risk management programs
• Familiarity with financial models and statistical software (e.g., FIRM, Palisade's @risk, etc.) to enable rapid development and implementation of program capabilities.
• Demonstrated experience successfully working in unstructured setting while performing well on routine and Adhoc tasks.
• Collaborative, team first, change agent mindset.

Education
• College degree in Finance or Accounting majors or equivalent experience.
• Masters degree preferred, but not required.

Business Overview
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. We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities.
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