Vice President Risk Management
Vice President Risk Management
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Job Description
Job Classification:
Corporate RiskAt Prudential we believe talent is key to achieving our vision. When you join Prudential youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading financial services institutions!
Prudentials Operational Risk Management (ORM) team supports the of Prudentials strategy by helping to ensure that risks are well understood and managed. Joining ORM provides a tremendous opportunity to see across Prudential and work with leaders to help drive business outcomes.
We are seeking a Global Head of Operational Risk Management who will be responsible for overseeing Prudentials global enterprisewide operational risk framework which sets out governance policies and practices to proactively identify assess measure report and mitigate operational risk exposures. The Head of ORM works in partnership with Divisional Chief Risk Officers to influence risk and control outcomes in the companys businesses and functions. Additionally the Head of ORM will lead second line Risk for Prudentials Global Technology & Operations (GTO) organization. The role will report to Prudentials Chief Risk Officer. The Head of ORM role requires a strategic thinker with extensive experience in risk management within the insurance and retirement sectors.
The current Employee Work Arrangement for this position is Hybrid and requires your onsite presence in Newark NJ on a reoccurring basis.
What you can expect:
Continuously develop advance and lead a comprehensive enterprisewide operational risk management strategy that aligns with the organizations goals and business objectives including providing common standards tools and technology.
Ensure that ORM practices are adopted and integrated across Prudentials businesses and functions.
Establish and maintain second line Risk oversight and frameworks for key enterprise operational risks such as business continuity and operational resilience third party risk management and data governance.
Partner with first line Risk to monitor and manage risk mitigation strategies for technology and operational processes including cybersecurity data protection and technology transformation.
Directly lead a team of 10 risk management professionals while providing independent oversight and effectively challenging and influencing the work of larger teams through matrixed reporting relationships with first line Risk leaders.
Collaborate with senior executives and department heads to promote a riskaware culture and ensure cohesive risk management practices.
Develop and enhance business intelligence and data analysis capabilities to support risk management decisionmaking.
Utilize datadriven insights to identify emerging risks and inform strategic planning.
Communicate risk management strategies and outcomes to internal and external stakeholders including the board of directors investors and regulatory bodies.
Provide regular updates on risk management activities and significant risk exposures.
Establish strong external connections that demonstrate Prudentials strength as a leader in ORM practices and incorporate peer company best practices in the ongoing development of our Risk frameworks.
What youll need:
This position requires keen external focus finance or insurance expertise and avid learning given the rapid pace of change globally.
Resourcefulness good judgment persistence the ability to influence others and strong executive presence are some of the qualities of a successful candidate.
Experience working with a diverse set of stakeholders across large complex organizations.
Bachelors degree in finance business administration or a related field. An advanced degree (MBA Masters) or relevant professional certifications (e.g. CFA FRM) is desirable.
Experience in financial services/insurance or other highly regulated industries.
12 years of experience gained through a mix of technology risk and/or audit related roles; candidates with management consulting experience in these areas would also be desirable.
Experience and desire to lead large teams in an embedded (matrixed) operating model.
Consistent track record of effectively working with data to manage risk and process reengineering simplification and streamlining.
Comfortable in ambiguity and an advocate for change.
Possess highlevel verbal and written communication and presentation skills
Ability to prioritize work and possess good time management skills.
What we offer you:
Market competitive base salaries with a yearly bonus potential at every level.
Medical dental vision life insurance disability insurance Paid Time Off (PTO) and leave of absences such as parental and military leave.
401(k) plan with company match (up to 4.
Companyfunded pension plan.
Wellness Programs including up to $1600 a year for reimbursement of items purchased to support personal wellbeing needs.
Work/Life Resources to help support topics such as parenting housing senior care finances pets legal matters education emotional and mental health and career development.
Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
Employee Stock Purchase Plan: Shares can be purchased at 85 of the lower of two prices (Beginning or End of the purchase period) after one year of service.
Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program whereby an award if any depends on various factors including without limitation individual and organizational performance. To find out more about our Total Rewards package visit Work Life Balance Prudential Careers. Some of the above benefits may not apply to parttime employees scheduled to work less than 20 hours per week.
Prudential Financial Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion national origin ancestry sex sexual orientation gender identity national origin genetics disability marital status age veteran status domestic partner status medical condition or any other characteristic protected by law.
If you need an accommodation to complete the application process please email .
If you are experiencing a technical issue with your application or an assessment please email to request assistance.
Required Experience:
Chief
Employment Type
Full-Time
