Investment Associate, Enterprise Risk Strategy
Location:
Newark , New Jersey
Posted:
October 16, 2017
Reference:
RIS00056
Working closely with enterprise partners and under the oversight of the company’s Board of Directors and Enterprise Risk Committee, Enterprise Risk Management (ERM) is responsible for the evaluation of market, investment, insurance, operational and model risks across Prudential.

The enhancement of the Company's Risk Appetite Framework (RAF) is a priority for ERM and the enterprise. It is important that RAF be integrated with a comprehensive, enterprise Stress Testing Framework, allowing it to be used:

  • As a foundation for determining the Company’s risk appetite
  • To assess risk capacity
  • To calibrate risk limits
  • To help optimize risk and capital management and business planning
Achieving our objectives will require sound risk methodology and analytics, a robust stress testing process, a strong portfolio risk analysis capability and effective governance and reporting of exposures against defined appetite and limits.

In order to meet these objectives, Prudential has established a new group within ERM, Enterprise Risk Analysis & Reporting. We are now seeking to add associates for this new and exciting team.

The successful candidate will be part of a team that is responsible for a function of significant importance to Prudential and will work closely with senior ERM risk professionals, business unit actuaries, business unit finance leaders, the company’s Regulatory Coordination Office, portfolio managers and the Treasurer’s group.

This individual will be a member of a high-performing team and have the following responsibilities:

  • Develop a comprehensive understanding of the company’s risk profile versus risk appetite and capacity, including the drivers and evolution thereof
  • Report enterprise risk appetite metrics and limits
  • Create Board Presentations explaining enterprise risk strategy, stress testing, and results
  • Develop detailed risk reporting to Prudential’s various stakeholders
  • Assist in the execution of extreme stress scenarios, including process, governance and controls across the firm
  • Evaluate, analyze, and report scenario results

Qualifications:
• Experience in an actuarial, economics or capital market role, that require a balance of quantitative capability and qualitative judgment
• Stress testing experience at an insurance company or financial institution would be beneficial
• Strong written and verbal communication skills - able to express complex ideas clearly and succinctly to both technical and non-technical audiences
• Able to build relationships and trust
• Knowledge of insurance businesses, product offerings and corporate functions (Risk, Actuarial, Treasurer's or Portfolio Management) would be a benefit
• Strong educational background in a quantitative discipline is preferred
• Computer programming ability would be a benefit

A little about us:
Prudential was founded on the belief that being financially prepared is a right, not a privilege.

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