Vice President, Operational Risk Management
Vice President, Operational Risk Management
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Job Description
Job Classification:
Corporate - Risk
At 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 execution 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 Head of ORM Framework & Corporate Functions Risk Partner who will be responsible for overseeing Prudentials global enterprise-wide operational risk framework which sets out the governance policies and practices to proactively identify assess measure report and mitigate operational risk exposures. The Head of ORM framework works with first- and second-line risk partners across the company to influence risk and control outcomes through consistent execution on-going monitoring and establishing strong partnerships and practices. Additionally this role will lead second line Risk for Prudentials Corporate Functions including People practices and Legal & Compliance. The role will report to Prudentials Global Head of ORM. This 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 on-site presence in Newark NJ on a reoccurring basis.
What you can expect:
Continuously develop advance and lead a comprehensive enterprise-wide operational risk management framework that aligns with the organizations goals and business objectives including providing common standards tools and technology.
Oversee the adoption of ORM practices and integration across Prudentials businesses and functions.
Support Risk oversight and frameworks for all risk types including key enterprise operational risks.
Lead the on-going strategy for Prudentials Governance Risk and Compliance (GRC) technology bringing together Risk Compliance and Audit along with other enterprise control groups.
Lead training and communication across the enterprise for all framework components
Partner with first line Risk to monitor and manage risk mitigation strategies for Corporate Functions including the People team and Legal & Compliance.
Directly lead a team of 3 risk management professionals while providing independent oversight and effectively challenging and influencing the work of larger teams.
Collaborate across the risk partner community to promote a risk-aware culture and drive consistent and effective management practices.
Utilize data-driven insights to identify emerging risks and inform strategic planning.
Provide regular updates on the risk framework maturity and a corresponding roadmap that outlines the strategic direction and timeframes.
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 and the ability to influence others 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.
15 years of experience gained through a mix of risk and/or audit related roles; candidates with management consulting experience in these areas would also be desirable.
Consistent track record of effectively working with data to manage risk and process re-engineering simplification and streamlining.
Comfortable in ambiguity and an advocate for change.
Possess high-level verbal and written communication and presentation skills
Ability to prioritize work and possess good time management skills.
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 $213000.00 to $288200.00. 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
