Internship, Vendor Risk Assessment & GRC Optimization

Job Description

About the Blue Cross Blue Shield Association (BCBSA)

An Internship with the Blue Cross Blue Shield Association (BCBSA) allows you to be part of the foundation that supports Blue Cross and Blue Shield (BCBS) companies nationwide. We are committed to improving health care quality, affordability, and accessibility for all Americans.

Summer Internship Program Overview

We are looking for motivated individuals to join our team for a challenging and rewarding summer internship experience. Our program is designed to provide hands-on experience and professional development within a supportive environment.

• Program Duration: 10-week paid program during the Summer.
• Work Experience: Challenging real-world, hands-on projects.
• Mentorship: Dedicated mentoring from BCBSA Professionals.
• Professional Development: Performance Evaluation Process & Presentations.
• Engagement: Volunteer Activity, Planned Social Outings and Networking Events.
• Location: Chicago, IL or Washington D.C.
• Work Model: Hybrid position with 3-4 days in-office.

Internship Project: Vendor Risk Assessment & GRC Optimization

This internship offers an immediate opportunity to contribute to critical operations within enterprise risk management and healthcare compliance. You will work under the supervision of current management to support vendor risk assessment operations and GRC platform optimization.

The Challenge

Currently, a backlog of over 120 pending vendor risk assessments creates significant compliance risk and operational inefficiency. Resource constraints limit our ability to maintain optimal assessment velocity, ensure timely vendor follow-up, and uphold platform data quality across our Whistic and LogicGate GRC platforms.

Your Impact & Project Goals

As an intern, you will play a crucial role in addressing these challenges by focusing on the following key objectives:

• Backlog Reduction: Reduce the assessment backlog by 30-40% (approximately 40-50 assessments completed).
• Efficiency Improvement: Improve vendor response time from 21 days to 14 days.
• Data Integrity: Clean up 100% of identified data integrity issues in GRC platforms.
• Process Enhancement: Establish a systematic business owner engagement framework.

This project delivers immediate operational relief while strengthening BCBSA’s cybersecurity talent pipeline and employer brand. It provides invaluable hands-on experience in enterprise risk management within a healthcare compliance environment, complemented by a commitment to meaningful hybrid mentorship (in-office 3-4 days/week).

General Intern Responsibilities

• Ensure complete confidentiality of company business.
• Keep management informed about developments within areas of responsibility and handle special projects as needed.
• Create a final PowerPoint presentation to share with department leadership, summarizing the internship experience, the assigned project, results, and any recommendations for future use.
• Adhere to HIPAA, Diversity Principles, Corporate Integrity, Compliance Program policies, and other relevant corporate and departmental policies.

Compensation

• Hourly Rate: $26.00 Per hour (Firm)

Qualifications

Education

• Required: Pursuing a bachelor’s degree.
• Preferred: Bachelor’s Degree.
• Academic Standing: Minimum GPA of 3.0/4.0.

Experience

• Required: 1+ Year relevant degree level.

Knowledge, Skills, and Abilities

• Demonstrated interpersonal skills.
• Effective communication skills, both verbal and written.
• Problem-solving and analytical skills.
• Self-starter with good time management skills.
• Proactive and eager to learn.
• Developing computer skills.
• Experience with Microsoft Excel, Word, PowerPoint and SharePoint preferred.

Additional Requirements

• Availability to work ten weeks during the summer.
• Unrestricted authorization to work in the United States. (Currently, we are not offering this position with student visas including F1, OPT, CPT or H1B and are not accepting or sponsoring student work visas for this role.)

The posted salary range is the lowest to highest salary we, in good faith, believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the hiring range, and this hiring range may also be modified in the future. A candidate’s position within the hiring range may be based on several factors including, but not limited to, specific competencies, relevant education, qualifications, certifications, relevant experience, skills, seniority, performance, shift, travel requirements, and business or organizational needs. This job is also eligible for annual bonus incentive pay.

We offer a comprehensive package of benefits including paid time off, 11 holidays, medical/dental/vision insurance, generous 401(k) matching, lifestyle spending account, and many other benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company’s sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.