Vice President, Product Risk Management
Vice President, Product Risk Management
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Job Description
Job Classification:
Corporate - RiskThis role will support the Head of Financial Risk Management for Global Retirement and Insurance (GRI) in managing the risks of the GRI business units while also collaborating with the Head of Financial Risk Management to ensure pricing is appropriate and reasonable.
What youll do:
- Work collaboratively with partners throughout the product development lifecycle to identify assess and mitigate key risks
- Act as a key point of contact between the business units and the centralized Financial Risk Management functions escalating risks as appropriate
- Involvement in a variety of both inforce and new business initiatives including new products reinsurance transactions changes in existing risk mitigants etc
- Support periodic product deep dives reviewing emergence of risks and mitigants
- Perform the duties of second-line pricing oversight including enforcing Pricing and Methodology Standards as appropriate reviewing methodologies proposing new Pricing Standards and understanding profitability results and sensitivities
- Give the businesses an understanding of Prudentials Risk Appetite Framework and how the business units fit into it
- Remain engaged with the competitive landscape providing an understanding of competitor risk practices to stakeholders
- Work collaboratively with operational risk to ensure proper coordination and alignment
What youll need:
- 10 years of broad insurance experience
- Deep knowledge of insurance products including both liabilities and assets
- Strong understanding of how market investment assumption and model risk manifest in Prudentials key products
- Strong analytical capabilities with ability to apply analytical/critical thinking background to new situations
- Self-starter who can be trusted to take ownership of their work product
- Understanding of insurer financials including Statutory and GAAP accounting as well as how those frameworks are represented in product pricing
- Relevant credentials including FSA or CFA are a plus
- Strategic creative and broadly focused thinker
- Strong oral and written skills
- Effective interpersonal skills and highly skilled in collaboration
- Experience with international insurance products is a plus
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:
Chief
Employment Type
Full-Time
