VP, Operational Risk Management, Emerging Markets
VP, Operational Risk Management, Emerging Markets
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Job Description
Job Classification:
Corporate - RiskWe are seeking a Vice President Operational Risk Management to join the Emerging Markets regional risk and compliance team. This position which reports to the Chief Compliance and Risk Officer for Emerging Markets is primarily responsible for driving strategic risk management initiatives as well as providing second line operational risk advisory support and coverage for Prudentials international insurance businesses across Emerging Markets.
Core Responsibilities:
Risks mission is to enable intelligent management decisions to help drive exceptional business customer and financial outcomes over the long term. As the second line of defense to the business this position is responsible for providing strong leadership and direction in developing and maintaining an effective and efficient operational risk management program and fostering an intelligent risk taking culture. This includes providing risk guidance/expertise assistance and advisory support to business leaders on managing operational risks in accordance with the Companys ORM framework; ensuring that operational risks are properly identified assessed monitored controlled and reported; collaborating as a trusted advisor with key business and functional stakeholders to resolve complex risk issues; fostering proactive risk management aimed at achieving successful business outcomes.
This position requires strong leadership and influence sound judgment project/process management and technical acumen. This position also provides a tremendous opportunity to interact with senior management and business leadership as well as Audit Law Compliance and Risk Management counterparts across the company.
The current employee work arrangement for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.
What youll do:
Promote and build a robust risk management culture through strong engagement and relationships with Emerging Markets business leadership and local risk teams.
Provide Emerging Markets business leadership with proactive operational risk advisory support assessments and partnership on core business activities and strategic/new business initiatives including new distribution methods products and partnerships.
Lead the execution of regional operational risk management strategic initiatives and projects across the Emerging Markets region.
Apply sound judgment and effective challenge in the evaluation of risks and controls including communication and escalation.
Engage on challenging sensitive and/or urgent risk issues including providing guidance facilitating after-action reviews and advising on the development and implementation of action plans to enhance controls.
Advise local risk management teams across Prudentials wholly owned businesses in Emerging Markets on best practices in operationalizing and executing Prudentials ORM framework governance and requirements.
Support upskilling of local risk management teams and provide input on local risk management talent and resource/skillset needs.
Engage with risk management teams in Prudentials minority owned / non-controlled joint ventures and strategic investments (to share information on Prudentials standards best practices and recommendations).
Identify and report on regional risk trends/insights (including emerging risk) and partner with local risk management teams and/or business leadership on strategic approach for addressing business-specific or cross-regional risk drivers.
Support risk governance including developing materials and/or presenting to senior management risk committees and other forums.
Proactively partner with Risk Management counterparts across Prudential to share best practices and contribute to building a risk management community to influence consistency and effectiveness of operational risk practices company wide.
Advance the use of data and analytics as well as provide tools resources capabilities subject matter expertise and knowledge sharing to mature local risk management governance/programs and enable local risk teams.
Actively participate in external industry peer groups and forums for benchmarking and to keep abreast of industry best practices
What youll need:
Bachelors degree
10 years of relevant business risk or control function experience
Thought leadership and risk oversight in core operational risk domains (for example information protection vendor governance and model risk) as well as strong understanding of the insurance business and industry
Superior relationship management skills with the ability to partner and build professional relationships in a cross-functional environment
Ability to work independently and as part of collaborative teams to deliver high quality work products
Proactive driven professional with the ability to strategize influence and execute across a broad set of stakeholders and broad body of work
Clear and effective written communication and presentation skills
Excellent coordination skills including project / process management
An understanding of how operational risk interacts with market credit and/or insurance risk and fits within the overall risk governance framework.
It would be a plus if you had:
Experience working in a global organization and working with and/or in emerging market jurisdictions
Familiarity with financial risks including credit market and insurance risk
What we offer you:
Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $185100.00 to $250500.00. Specific pricing for the role may vary within the above range based on many factors including geographic location candidate experience and skills.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%).
Company-funded 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 part-time 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:
Exec
Employment Type
Full-Time
