Investment Senior Associate - Enterprise Risk Strategy
Job Code: 400818
Job Location: New Jersey-Newark
Risk Strategy Senior Associate will be responsible for coordinating the development and implementation of the Company's Risk Appetite Framework (RAF). The RAF provides a comprehensive assessment of Prudential's Risk Profile and Risk Capacity, using reserves, capital and liquidity as common metrics. The RAF integrates risk across risk types, businesses, and under stresses through time. This aids senior management and the Board in making well informed business decisions.
During the development phase, the Senior Associate will work on refining the RAF as necessary and on integrating the metrics that were independently developed. The Senior Associate will be responsible for ongoing monitoring and communication of the enterprise RAF metrics and for developing a coherent approach to monitoring risk, including comprehensive analysis/understanding by business and legal entity, strategy, potential impact on capital/economic value, and management criteria (RAF limits, trigger points, exit strategy, etc.).
The Senior Associate will work closely with Treasurer’s, CIO, Finance and capital and liquidity planning functions (and other groups as appropriate). The associate should have a good understanding on the firm’s different business and the related economics. The associate should also have industry experience and is expected to be the subject matter expert in one or more specific skill set, business area or product. At this level, the associate should be fully knowledgeable on the day to day activities of product / process, however, will required input on more complex issues.
The associate will be responsible for leading and contributing to a diverse array of special projects with application across the Company, as necessary. There is a large emphasis on ad-hoc analytical projects, which typically span a wide variety of subjects and require flexible thinking in creating solutions. In addition, there are tasks necessary to support our needs under the new regulatory framework. The ability to simultaneously exercise good analytical judgment as well as to explain complex subjects to the less quantitatively inclined is crucial for the success of the team.
Associate may have management responsibilities for a small team, or may have manager responsibilities for a product or process.
Bachelor’s degree (preferably in quantitative field), Master’s degree preferred, CFA preferred
5-7 years of relevant work experience
Ability to constructively challenge the status quo
Ability to work both independently and as a part of a team
Strong verbal and written communication skills; ability to explain complex models in business terms
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 email@example.com for more information about doing business with Prudential.
Job Function: Risk Management