Operational Risk Intern Jobs in Hartford, CT (NOW HIRING)

Date Posted:
2026-08-11
Country:
United States of America
Location:
OTCTH: Connecticut Home Offices Remote Location, Remote City, CT, 06032 USA
Position Overview
The Summer Intern - Strategic Sourcing Project Lead will support the supply chain organization by leading a defined sourcing event from opportunity identification through supplier recommendation and implementation planning. This role is intended for a highly motivated student interested in procurement, supply chain, business analytics, negotiation, and supplier management. The intern will analyze spend data, prepare and execute a Request for Quotation (RFQ) using the digital RFX platform, support supplier negotiations and contracting, and help drive measurable savings while enabling supplier dual sourcing.
Key Responsibilities

• Analyze historical and forecasted spend data to identify sourcing opportunities, baseline current costs, quantify potential savings, and define project scope.
• Partner with category leaders, business stakeholders, engineering, quality, legal, and finance teams to confirm requirements, supplier selection criteria, timelines, and approval needs.
• Develop the RFQ package, including bid instructions, specifications, commercial requirements, response templates, evaluation criteria, and supplier communications.
• Create and launch the sourcing event in the digital RFX tool, manage supplier invitations, monitor supplier participation, coordinate questions and answers, and ensure timely bid submission.
• Evaluate supplier proposals using total cost, quality, delivery, capacity, risk, service, and commercial terms as decision criteria.
• Support supplier negotiations to improve pricing, payment terms, capacity commitments, service levels, and other value drivers.
• Prepare a sourcing recommendation and business case that documents baseline spend, quoted results, savings opportunity, supplier comparison, risks, and implementation plan.
• Support contracting activities by coordinating required documentation, tracking open items, and helping ensure alignment with standard terms and internal approval processes.
• Develop a dual sourcing implementation plan, including transition milestones, stakeholder responsibilities, qualification requirements, supplier onboarding steps, and savings tracking.
• Present project progress, findings, recommendations, and final results to supply chain leadership and cross-functional stakeholders.

Education
Currently pursuing a bachelor's or master's degree in supply chain management, business, engineering, finance, data analytics, operations, or a related field.
Qualifications

• Strong analytical skills with the ability to interpret spend data, supplier quotes, and financial comparisons.
• Proficiency in Microsoft Excel and PowerPoint; experience with Power BI, procurement systems, or e-sourcing platforms is a plus.
• Interest in strategic sourcing, procurement, supplier management, negotiation, and commercial decision-making.
• Strong communication skills with the ability to work across functions and summarize complex information clearly.
• Detail-oriented, organized, and able to manage milestones, follow-ups, and deadlines in a project environment.
• Comfortable engaging with suppliers and internal stakeholders in a professional manner.
• Demonstrated curiosity, ownership, problem-solving skills, and willingness to learn in a fast-paced supply chain environment.

Key Deliverables

• Spend analysis and opportunity assessment identifying baseline spend, supplier landscape, and savings potential.
• Completed RFQ package and executed sourcing event in the digital RFX tool.
• Supplier bid comparison, negotiation summary, and recommendation for award or dual sourcing.
• Business case documenting expected savings, implementation requirements, risks, and stakeholder approvals.
• Supplier dual sourcing implementation roadmap with milestones, owners, and success metrics.
• Final presentation to leadership summarizing project approach, results, lessons learned, and next steps.

Learning Outcomes
Through this internship, the selected candidate will gain hands-on experience in end-to-end strategic sourcing, data-driven procurement decision-making, supplier engagement, commercial negotiations, digital sourcing tools, contracting fundamentals, savings validation, and supplier risk mitigation through dual sourcing.
Success Measures

• RFQ launched and completed on schedule with appropriate supplier participation.
• Clear, fact-based supplier recommendation supported by spend analysis and bid evaluation.
• Identified and validated savings opportunity with documented assumptions.
• Dual sourcing path defined with practical actions, owners, timeline, and risk considerations.
• Positive feedback from category leaders and cross-functional stakeholders on project quality, communication, and ownership.

The hourly range for this role is $20/hr to $23/hr. We may pay more or less than the posted range, and the range may change in the future. Pay within the salary range will be based on factors including, but not limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, and business or organizational needs.
Apply today and Build What's Next!
If you live in a city, chances are we will give you a lift or play a role in keeping you moving every day.
Otis is the world's leading elevator and escalator manufacturing, installation, and service company. We move 2.4 billion people every day and maintain approximately 2.4 million customer units worldwide, the industry's largest Service portfolio.
You may recognize our products in some of the world's most famous landmarks including the Eiffel Tower, Empire State Building, Burj Khalifa and the Petronas Twin Towers! We are 72,000 people strong, including engineers, digital technology experts, sales, and functional specialists, as well as factory and field technicians, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. We are proud to be a diverse, global team with a proven legacy of innovation that continues to be the bedrock of a fast-moving, high-performance company.
When you join Otis, you become part of an innovative global industry leader with a resilient business model. You'll belong to a diverse, trusted, and caring community where your contributions, and the skills and capabilities you'll gain working alongside the best and brightest, keep us connected and on the cutting edge.
We provide opportunities, training, and resources, that build leadership and capabilities in Sales, Field, Engineering and Major Projects and our Employee Scholar Program is a notable point of pride, through which Otis sponsors colleagues to pursue degrees or certification programs.
Today, our focus more than ever is on people. As a global, people-powered company, we put people - passengers, customers, and colleagues - at the center of everything we do. We are guided by our values that we call our Three Absolutes - prioritizing Safety, Ethics, Quality in all that we do. If you would like to learn more about environmental, social and governance (ESG) at Otis click here.
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