Within Enterprise Risk Management, Enterprise Risk Strategy oversees the governance of PFI’s Risk Appetite Framework (RAF) and the supporting design and implementation of Deterministic Stress Testing (DST) programs for risk management. The Risk Appetite Framework provides a comprehensive assessment of Prudential's Risk Profile and Risk Capacity, using reserves, capital and liquidity as common metrics. It integrates risk based on multi-year forecasts across risk types, businesses, and under baseline and stress scenarios to aid senior management and the Board in making well informed business decisions. A key component of that function is developing and expanding economic scenarios used in Liquidity Stress Testing, Deterministic Stress Testing, AAT, Recovery and Resolution Plans. These scenarios and supporting analysis are critical to the development of forecasted asset and liability data provided to senior management and regulators.
While guided by the Stress Testing Advisory Council (STAC), stress test process structure and implementation efforts also require close partnership with Corporate Actuarial, Treasurer’s, Tax and other finance area teams, Model Risk Management, and business unit actuarial groups.
The Risk Strategy Analyst will work with team members on a range of projects related to the development and implementation of, and analysis of results from, scenarios used in stress testing processes across the Enterprise.
This role requires a self-starter with intellectual curiosity, strong quantitative and financial analysis skills, and an understanding of insurance/investment products and financial markets. The successful candidate will have strong skill and experience in extracting and managing key data from large data sets as well as the insight to identify and explain critical risk and market drivers from within aggregate results.
• 2-4 years' experience in actuarial, financial or investment analysis roles requiring a balance of strong quantitative capability and qualitative judgment
• Strong knowledge of macroeconomics
• Quantitative modeling skills: experience building, testing and documenting complex database and/or spreadsheet-driven analysis is critical
• Solid written and verbal communication skills - able to express complex ideas clearly and succinctly to both technical and non-technical audiences
• Knowledge of key components of statutory and GAAP financial statements is helpful
• Stress testing experience would be beneficial
• Programming ability/experience (e.g., VBA) would be useful
• ASA or CFA and/or advanced degree is a plus
A little about us:
Prudential was founded on the belief that being financially prepared is a right, not a privilege.