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Internship Third Party Risk Management Jobs in Springfield, MO

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Internship Third Party Risk Management information

What is the difference between Internship Third Party Risk Management vs Third Party Risk Analyst?

AspectInternship Third Party Risk ManagementThird Party Risk Analyst
CredentialsTypically pursuing or recent graduate, no formal certification requiredBachelor's degree often required; certifications like CTPRP beneficial
Work EnvironmentInternship setting, supervised, entry-level tasksFull-time professional role, analytical and risk assessment tasks
Employer & Industry UsageInternship programs in finance, banking, or corporate sectorsFinancial institutions, corporations, and consulting firms

Internship Third Party Risk Management is an entry-level, supervised role for students or recent graduates gaining exposure to third-party risk processes. In contrast, a Third Party Risk Analyst is a full-time professional responsible for analyzing and managing third-party risks, often requiring relevant education and certifications. Both roles are essential in risk management but differ in experience level and responsibilities.

What is an internship in third party risk management?

An internship in Third Party Risk Management involves assisting organizations in identifying, assessing, and mitigating risks associated with their external vendors or partners. Interns typically support tasks such as conducting due diligence, reviewing vendor contracts, monitoring compliance, and helping to develop risk assessment reports. This position provides hands-on experience in risk analysis, compliance procedures, and understanding regulatory requirements related to third-party relationships. It's an excellent opportunity for students interested in risk management, compliance, or supply chain management to gain practical skills and industry knowledge.

What does an internship in third party risk management involve?

As an intern in Third Party Risk Management, you can expect to support the team in assessing, monitoring, and mitigating risks related to external vendors and partners. Typical tasks may include conducting due diligence reviews, assisting with risk assessments, updating databases, and helping prepare reports for senior management. You may also collaborate closely with procurement, compliance, and information security teams to ensure that third-party relationships align with company policies and regulatory requirements. This hands-on experience is valuable for understanding risk management processes and building cross-functional communication skills.

What are the key skills and qualifications needed for an internship in third party risk management?

To thrive in an Internship Third Party Risk Management role, you need a background in finance, business, or risk management, with strong analytical and research skills. Familiarity with risk assessment tools, vendor management systems, and Microsoft Excel is often required. Attention to detail, effective communication, and problem-solving abilities are important soft skills that set candidates apart. These competencies are crucial for accurately identifying and mitigating risks associated with third-party vendors, ensuring organizational compliance and security.
What are the most commonly searched types of Third Party Risk Management jobs in Springfield, MO? The most popular types of Third Party Risk Management jobs in Springfield, MO are:
What are popular job titles related to Internship Third Party Risk Management jobs in Springfield, MO? For Internship Third Party Risk Management jobs in Springfield, MO, the most frequently searched job titles are:
What job categories do people searching Internship Third Party Risk Management jobs in Springfield, MO look for? The top searched job categories for Internship Third Party Risk Management jobs in Springfield, MO are:
What cities near Springfield, MO are hiring for Internship Third Party Risk Management jobs? Cities near Springfield, MO with the most Internship Third Party Risk Management job openings:

College Financial Representative, Internship Program

Northwestern Mutual Life Insurance Company

Springfield, MO • On-site

$500/wk

Contractor, Internship

Medical, Life

Re-posted 14 days ago


Northwestern Mutual rating

8.0

Company rating: 8.0 out of 10

Based on 73 frontline employees who took The Breakroom Quiz

164th of 303 rated insurance


Job description

Overview
College Financial Representatives in the internship program at Northwestern Mutual are provided guidance, connection, and a framework for building an integrated financial planning practice from the ground up. Our college financial representatives, who come from varying academic backgrounds and experiences, begin to build a financial planning practice while engaging local and nationwide experts, exclusive financial products, and the support of a Fortune 500 company. You will have the opportunity to build your confidence, develop a professional network, and help people achieve financial freedom. Here, hard work pays off!
Responsibilities
Our internship program mimics our full-time Financial Representative career, allowing you to:
  • Learn how to prospect and network to build your business and client base
  • Develop and execute on a business strategy
  • Call on potential clients and set meetings to understand their financial goals
  • Prepare plans and offer useful recommendations
  • Gain exposure to proprietary planning software platforms
  • Engage in weekly coaching, training, and development meetings
  • Receive Risk Product State Licensing: Life, Accident, and Health
  • Build life skills that create future career opportunities

As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule to work around your life and your classes. With the option to participate in our internship program year-round, you can continue to grow your practice and obtain support for registrations and certifications such as the Series 6 & 63 or CFP®. Get inspired at local and national recognition events, earn access to leadership programs, and collaborate with experts in our business. In fact, you'll find diverse resources across our culture to ensure that you experience personal and professional growth in this program. With interest, eligible students have an opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.
#LI-Onsite
Qualifications
Are you a fit for this internship?
  • Full-time student; juniors and seniors preferred
  • Entrepreneurial ambitions and curiosity for sales
  • Highly involved on campus (leader, athlete, campus orgs, student government, etc)
  • Excellent time-management skills
  • Interest in financial literacy and planning tools
  • Business savvy and desire to increase critical thinking abilities

Compensation & Benefits
  • Performance-based earnings and revenue
  • Learning and Development Incentives (up to $1000/month, not inclusive of earned commissions)
  • Productivity Bonuses
  • Support for insurance licensing (life, health, DI, LTC)
  • Support for SIE, Series 6, Series 63 registrations (eligibility required)

About Us
For over 165 years, we have helped our clients spend their lives living through comprehensive and innovative financial planning. We combine the expertise of our financial professionals with personalized digital experience and industry-leading products to give our clients the ability to successfully navigate their financial lives.
Our tailored approach includes multiple financial strategies-insurance, investments, and annuities-built to reinforce each other, keeping our clients consistently on track to meet goal after goal. We lead with unmatched financial strength and access to the best products and services for our clients.
Our Financial Representatives and College Financial Representatives are valued partners and proud business owners. As such, they are considered independent contractors1 for income tax purposes, and a "statutory employee" for Federal Insurance Contributions Act (FICA) tax purposes.
As a company, we value an inclusive and belonging workplace where everyone's unique viewpoints bring new successes. We strive to create teams that reflect our customers and communities, fostering an environment where all employees are welcomed, valued, and heard.
Why join Northwestern Mutual
  • Fortune 500 company (2023)
  • Top 100 Internship Programs, Yello x WayUp (2022)
  • 5.0+ million clients and growing2
  • $257 billion retail investment client assets held or managed by Northwestern Mutual3
  • Forbes' Best Employers for Diversity (2018-2021)
  • Unsurpassed financial strength4
  • Best Place to Work for LGBTQ+ Equality- Human Rights Campaign Corporate Equality Index (2015-2021)

1 Northwestern Mutual College Financial Representatives are Independent Contractors whose income is based on production. If offered to apply for approval of an intern contract to become a Northwestern Mutual College Financial Representative, a national criminal background check is required. Should the background check results provide information which would not allow someone to work for Northwestern Mutual, approval to contract will be withdrawn.
2 As of June 30, 2023
3 Combined client assets of NMIS and NMWMC as of June 30, 2023
4 Among U.S. life insurers. Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company, as of the most recent review and report by each rating agency. Ratings as of: 06/23 (Moody's Investors Service), 08/23 (A.M. Best Company), 08/23 (Fitch Ratings), 05/23 (S&P Global Ratings)
Pay Range
USD $500.00 - USD $1,000.00 /Yr.

What Northwestern Mutual employees say

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Northwestern Mutual logo

About Northwestern Mutual

Sourced by ZipRecruiter

Northwestern Mutual has been helping families and businesses achieve financial security for over 160 years through a distinctive planning approach that integrates risk management with wealth accumulation, preservation, and distribution. With more than $290 billion in assets, $30 billion in revenues and more than $1.9 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.6 million clients. People are the power behind Northwestern Mutual, and diversity makes us better. We are committed to reflecting and serving the marketplace. We do so by attracting and improving the engagement of those who bring their outstanding perspectives, ideas, and beliefs.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

Milwaukee, WI, US