Sr. Risk Analyst - (Enterprise Risk Management)

Independence Blue Cross, LLC; Philadelphia (Philadelphia County); Hybrid; USD 90,000 - 130,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Independence Blue Cross, LLC in Philadelphia, PA, seeks a Senior Risk Analyst to lead the development and ongoing refinement of the Enterprise Risk Management Framework. You will partner with business leaders to identify, assess, monitor, and report risks that affect strategy, regulatory compliance, and resilience.

This role acts as a trusted advisor, embedding risk practices across the organization, producing dashboards and executive reports for the ARMC and senior leadership, and representing

Qualifications

• Bachelor's degree in Finance, Accounting, Risk Management, Business Administration, Economics, Actuarial Science, or a related field.
• Minimum of 5+ years of experience in Enterprise Risk Management, Operational Risk, Internal Audit, Compliance, Finance, or a related discipline.
• Working knowledge of ERM frameworks such as COSO ERM, ISO 31000, or comparable methodologies.
• Experience facilitating risk assessments, maintaining risk inventories, and developing risk reporting and dashboards.
• Strong analytical, quantitative, problemsolving, and critical thinking skills.
• Excellent written, verbal, presentation, and stakeholder management skills.
• Demonstrated ability to manage multiple priorities and work independently in a dynamic environment.
• Advanced proficiency in Microsoft Office Suite (Excel, PowerPoint, Word, Outlook).

Responsibilities

• Support the development and enhancement of the Enterprise Risk Management Framework (ERMF).
• Maintain risk identification, assessment, and management tools (risk taxonomy, inventory, and profile).
• Execute enterprise-wide risk assessments to identify, evaluate, monitor, and report key risks.
• Collaborate with leaders to integrate risk practices into business processes and decision-making.
• Develop risk dashboards and reporting for senior leadership, risk committees, and ARMC.
• Represent the organization in industry forums and external risk activities.
• Perform additional duties and special projects as assigned.

Skills

Strategic thinking

Influence & relationships

Executive presence

Project management

Data analysis

Collaboration

Results orientation

Continuous improvement

Education

Bachelor's degree

Tools

Archer

MetricStream

ServiceNow

Job description

Bring your drive for excellence, team orientation, and customer commitment to Independence; help us renew and reimagine our business and shape the future of health care.

Reporting to the Director of Enterprise Risk Management (ERM), the Senior Risk Analyst plays a key role in the development, implementation, and continuous enhancement of the Enterprise Risk Management Framework (ERMF). This position partners closely with business leaders and crossfunctional stakeholders to identify, assess, monitor, and report enterprisewide risks while supporting strategic decisionmaking, regulatory requirements, and organizational resilience.

The Senior Risk Analyst serves as a trusted advisor to business partners by embedding risk management practices across the organization, facilitating risk assessments, analyzing risk trends, and developing meaningful risk reporting for executive leadership, risk committees, and the Audit and Risk Management Committee (ARMC) of the Board of Directors (Board).

Key Responsibilities

• Support the development, implementation, and ongoing enhancement of the Enterprise Risk Management Framework (ERMF) to ensure alignment with strategic objectives and compliance with management, regulatory and rating agency expectations.
• Maintain and enhance enterprise risk identification, assessment, and management tools, including the risk taxonomy, risk inventory and enterprise risk profile to support effective risk evaluation, reporting, and decisionmaking across the organization.
• Support the execution of enterprisewide risk assessment processes to identify, evaluate, monitor and report on key risks and emerging threats, enabling informed decisionmaking and alignment with the ERMF, organizational objectives and management expectations.
• Collaborate with business leaders and key stakeholders across the organization to support the integration of risk management practices into business processes and decisionmaking, while collecting, analyzing, monitoring, and communicating risk information, trends and emerging issues to support effective risk oversight and reporting.
• Support the development and delivery of risk dashboards, presentations and other reporting that provides meaningful insights into the organization's risk profile, emerging risks, and risk trends for senior leadership, risk committees, regulatory bodies, and the ARMC of the Board of Directors.
• Represent the organization in industry forums, professional associations, training programs, and other external risk management activities as needed.
• Perform additional duties and special projects as assigned.

Work Environment

• Functions with a high degree of independence while collaborating extensively across business units.
• Regular interaction with senior leadership, risk committees, auditors, regulators, and key stakeholders.
• Supports organizationwide initiatives that strengthen risk management capabilities and promote informed decisionmaking.

Qualifications

• Bachelor's degree in Finance, Accounting, Risk Management, Business Administration, Economics, Actuarial Science, or a related field.
• Minimum of 57 years of experience in Enterprise Risk Management, Operational Risk, Internal Audit, Compliance, Finance, or a related discipline.
• Working knowledge of Enterprise Risk Management frameworks, including COSO ERM, ISO 31000, or comparable methodologies.
• Experience facilitating risk assessments, maintaining risk inventories, and developing risk reporting and dashboards.
• Strong analytical, quantitative, problemsolving, and critical thinking skills.
• Excellent written, verbal, presentation, and stakeholder management skills.
• Demonstrated ability to manage multiple priorities, exercise sound judgment, and work independently in a dynamic environment.
• Advanced proficiency in Microsoft Office Suite, including Excel, PowerPoint, Word, and Outlook.

Preferred Qualifications

• Advanced degree in Business, Finance, Risk Management, Accounting, or a related field.
• Professional certifications such as CRMP, CRM, FRM, CIA, CISA, CPA, or equivalent risk management credentials.
• Experience with Governance, Risk, and Compliance (GRC) platforms such as Archer, MetricStream, or ServiceNow.
• Insurance, healthcare, financial services, or regulated industry experience preferred.

Competencies

• Strategic and enterprisewide risk perspective
• Influence and relationshipbuilding skills
• Executive presence and communication
• Project management and organization
• Data analysis and risk reporting
• Collaboration and business partnership
• Results orientation and accountability
• Continuous improvement mindset

Independence has implemented a "Hybrid" model which consists of Associates working in the office 3 days a week (Tuesday, Wednesday & Thursday) and remotely 2 days a week (Monday & Friday). This role is designated as a role that fits into the "Hybrid" model. While associates may work remotely on our designated remote days, the work must be performed in the TriState Area of Delaware, New Jersey, or Pennsylvania.

IBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.

Must have an Android or iOS device which is compatible with the free Microsoft Authenticator app.