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Operational Risk Intern information

What are the key skills and qualifications needed to thrive as an Operational Risk Intern, and why are they important?

To thrive as an Operational Risk Intern, you need strong analytical abilities, attention to detail, and a background in finance, business, or a related field, often supported by progress toward a relevant degree. Familiarity with risk management frameworks, Microsoft Excel, and risk assessment tools is typically required. Strong communication, problem-solving skills, and a willingness to learn help interns stand out in this position. These skills ensure effective identification, analysis, and mitigation of operational risks, supporting the organization's overall risk management objectives.

What does an Operational Risk Intern do?

An Operational Risk Intern supports a company's risk management team by helping identify, assess, and mitigate risks that could impact daily business operations. Their tasks often include data analysis, preparing risk reports, assisting with risk assessments, and monitoring compliance with internal controls. Interns may also participate in risk-related projects and learn about regulatory requirements. This role provides valuable experience in understanding how organizations manage operational risks and ensure business continuity.

What are some common projects or tasks an Operational Risk Intern might work on during their internship?

As an Operational Risk Intern, you can expect to assist in identifying, assessing, and documenting potential risks within daily business processes. Typical projects include supporting risk assessments of business units, helping to analyze incident reports, and preparing risk dashboards or presentations for management. You may also participate in reviewing policies and procedures, working closely with cross-functional teams such as compliance, audit, and business operations. This hands-on experience helps build a strong foundation in risk management practices and offers valuable insights into how organizations safeguard their operations.
What are the most commonly searched types of Operational Risk jobs in Indiana? The most popular types of Operational Risk jobs in Indiana are:
What cities in Indiana are hiring for Operational Risk Intern jobs? Cities in Indiana with the most Operational Risk Intern job openings:
Operational Risk Intern jobs near you
Enterprise Risk Management Intern (Fall)

Enterprise Risk Management Intern (Fall)

Group1001

Zionsville, IN • On-site

$17.25 - $22.50/hr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 16 days ago

Group1001 rating

9.5

Company rating: 9.5 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

9th of 261 rated insurance

Job description

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001's culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets - our employees.
Why This Role Matters:
This internship offers hands-on experience with Enterprise Risk Management (ERM) frameworks, risk identification and assessment processes, and cross-functional collaboration in a dynamic corporate environment. The ERM Intern will support the risk management team in maintaining and enhancing the organization's risk capabilities - gaining real-world experience directly applicable to careers in risk management, consulting, finance, or corporate strategy. This is an excellent opportunity for motivated students who are eager to understand how leading organizations proactively identify and manage risk. This is a hybrid internship based out of our Zionsville headquarters, with an expected start date during the first week of September and a commitment of approximately 15-20 hours per week.
How You'll Contribute:
  • Support the facilitation of risk assessments, metrics, and data collection with stakeholders.

  • Support the Corporate Insurance Risk Management program.

  • Help maintain and update the risk register, including risk ratings, owners, and mitigation plans.

  • Conduct research on emerging risks (e.g., cybersecurity, geopolitical, and regulatory).

  • Assist in developing risk dashboards, heat maps, and reporting materials for senior management.

  • Support the tracking and monitoring of key risk indicators (KRIs) and risk mitigation action items.

  • Contribute to the development and refinement of ERM policies, procedures, and frameworks.

  • Participate in cross-functional meetings to understand how risk is managed across departments (i.e., IT, Finance, Operations, Legal).

  • Assist with scenario analysis, stress testing, or business continuity planning exercises.

What We're Looking For:
  • Currently enrolled as a junior or senior with strong preference given to students pursuing a bachelor's degree in Risk Management & Insurance. Sophomores studying Risk Management & Insurance with advanced coursework and strong GPAs will be considered. Students from Finance, Business Administration, Economics, Accounting, Data Analytics, or a related field may be considered.

  • Strong analytical and critical thinking skills.

  • Excellent written and verbal communication skills.

  • Proficiency in Microsoft Office Suite (Excel, PowerPoint, Word).

  • Ability to manage multiple tasks, meet deadlines, and work independently.

  • High attention to detail and organizational skills.

  • Genuine interest in enterprise risk management, corporate governance, or compliance.

  • Coursework in risk management, finance, statistics, data analytics, or internal audit.

  • Experience with data visualization tools (e.g., Tableau, Power BI) or GRC platforms.

  • Prior internship or project experience in finance, consulting, audit, or compliance preferred.

  • Minimum GPA of 3.0 or equivalent.

Benefits Highlights:
Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001's benefits package. Employees (and their families) are eligible to participate in the Company's comprehensive health, dental, and vision insurance plan options. Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability. All employees (regardless of hours worked) have immediate access to the Company's Employee Assistance Program and wellness programs-no enrollment is required. Employees may also participate in the Company's 401K plan, with matching contributions by the Company.
Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.
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