Third Party Risk Manager Jobs in Wallingford, CT

Cigna Investment Management (CIM) manages more than $35 billion in assets across public and private fixed income, commercial mortgages, private equity, private credit, real estate, public equity, and short-term investments.

The Insurance Portfolio Manager manages assigned insurance and pension portfolios, supporting investment performance, asset-liability alignment, risk management, liquidity planning, and third-party manager oversight.

Key Responsibilities

Portfolio Management

• Manage assigned U.S. Insurance, International Insurance, and Pension portfolios to support investment, liquidity, and risk objectives.
• Develop and execute portfolio strategies, including asset allocation recommendations and purchase/sale decisions.
• Monitor performance, exposures, and key portfolio risks, including liquidity, credit, and interest rate risk.
• Partner with Finance, Actuarial, Risk, and Treasury stakeholders to align investment strategy with business objectives.

Third-Party Manager Oversight

• Lead due diligence and ongoing oversight of external investment managers.
• Evaluate manager performance, investment process, organizational changes, risk controls, and compliance.
• Maintain standardized due diligence frameworks, questionnaires, and scoring methodologies.
• Recommend manager appointments, reallocations, watch-list actions, or terminations as appropriate.
• Serve as the primary day-to-day relationship manager for external managers.

Leverage artificial intelligence (AI) and advanced analytics tools to enhance decision-making, improve operational efficiency, and drive innovative business solutions

Required Qualifications

• Bachelor's degree in Finance, Business, Economics, or a related field.
• CFA, ASA, or FSA designation required.
• 5+ years of experience in portfolio management, insurance investments, institutional asset management, or a related investment role.
• Strong understanding of portfolio construction, asset allocation, fixed income markets, and investment risk management.
• Excellent analytical, writing, communication, and presentation skills.
• Ability to influence stakeholders, manage competing priorities, and translate complex investment topics into actionable recommendations.

Preferred Qualifications

• Experience managing insurance company, pension, or institutional investment portfolios.
• Experience overseeing third-party investment managers across public and/or private asset classes.
• Knowledge of insurance accounting, statutory capital considerations, asset-liability management, and regulatory investment frameworks.
• Experience developing investment reporting, dashboards, and executive-level materials.

Additional Requirements

• Ability to travel occasionally, up to 10%.
• Flexibility to participate in meetings outside normal business hours to support international stakeholders.

This position supports Cigna Investments, Inc., an investment adviser registered with the United States Securities and Exchange Commission ("SEC"). The successful candidate will become an Access Person of CII required to comply with the personal trading requirements and restrictions contained in CII's Code of Ethics. These requirements and restrictions apply to the Access Person and all securities transactions in accounts in which an Access Person has a Beneficial Interest.

If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.For this position, we anticipate offering an annual salary of 115,000 - 191,600 USD / yearly, depending on relevant factors, including experience and geographic location.

This role is also anticipated to be eligible to participate in an annual bonus plan.

At The Cigna Group, you'll enjoy a comprehensive range of benefits, with a focus on supporting your whole health. Starting on day one of your employment, you'll be offered several health-related benefits including medical, vision, dental, and well-being and behavioral health programs. We also offer 401(k), company paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year, paid holidays, and leaves of absence. For more details on our employee benefits programs, click here.

About The Cigna Group

Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we're dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. Join us in driving growth and improving lives.

Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.

If you need a reasonable accommodation to complete the online application process, please email seeyourself@thecignagroup.com for assistance. Please note that this email inbox is dedicated to accommodation requests only and cannot provide application updates or accept resumes.

The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.

Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.