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Investment Senior Associate (Enterprise Risk Strategy)

Prudential


Location:
Newark, NJ
Date:
12/12/2017
2017-12-122018-01-10
Job Code:
441438
Prudential
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Job Details

Position Title: Investment Senior Associate (Enterprise Risk Strategy)
Job Code: 441438
Job Location: New Jersey-Newark
Description:

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 Investment Senior Associate will work with team members on a range of projects related to the development and implementation of, and will help lead the analysis of results from, scenarios used in stress testing processes across the Enterprise. This individual also will have responsibility for managing many of the quantitative methods supporting our risk analytics and for summarizing those methods for approval by management and governing councils.

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. A solid understanding of key macroeconomic factors will be important. 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.


· 3-7 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

· Familiarity with 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

· FSA, ASA or CFA and/or an advanced degree in a related discipline is desirable


Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
Job Function: Risk Management
Schedule: Full-time
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