Vice President, Operational Risk Management (Finance)

Job Classification:

Corporate - Risk

The Insurance, Product, Assumption, Model (IPAM) team enables Enterprise end-to-end management of Insurance, Product, Assumption, and Model Risk. This includes second line Operational Risk Management (ORM) responsibility for the company's Actuarial, Accounting Controllership, and Financial Reporting functions. We are seeking a Vice President, ORM to join our team to provide support and 2nd line operational risk coverage for these functions. This role provides a tremendous opportunity to interact with senior management and business partners as well as Audit, Law, Compliance and Risk Management counterparts across the company.

Risk's mission is to enable intelligent management decisions to help drive exceptional business, customer, and financial outcomes over the long term. This position is responsible for supporting an effective and efficient risk management program in accordance with the company's ORM framework. This position requires strong leadership and influence, sound judgment, project/process management and technical acumen.

Core Responsibilities:

Provide 2nd line risk guidance and assistance to Actuarial, Finance, and Controllers functions in managing operational risks in accordance with the Company's ORM framework. Foster proactive risk management aimed at achieving successful business outcomes.  Be viewed as a trusted advisor regarding operational risk issues by key stakeholders. This includes ensuring that operational risks are properly identified, assessed, monitored, controlled and reported.

What you'll do:

• Promoting and building strong risk management culture in collaboration with the 1st line Finance & Actuarial Community (FAC) ORM team through strong engagement and relationships
• Partnering closely with corporate and BU Finance, Controllers, and Actuarial teams, Internal Audit, and other key stakeholders
• Providing proactive operational risk guidance and assessments to business partners with respect to core activities as well as new initiatives / transactions
• Applying sound judgment and effective challenge in the evaluation of risks and controls, including communication and escalation
• Engaging on challenging, sensitive, and/or urgent risk issues, including providing guidance and after-action review
• Advising on the development and implementation of action plans to enhance controls
• Proactively partnering with Risk Management counterparts to provide ORM expertise on risks with enterprise-wide implications and effective methods to manage those risks
• Supporting risk governance including developing materials and/or presenting to senior management, risk committees, and other forums

What you'll need:

• Bachelors degree required
• 10+ years of relevant business, risk, or control function experience
• Superior relationship management skills with the ability to partner and build professional relationships in a cross-functional environment
• Ability to work independently and as part of collaborative teams to deliver high quality work products
• Proactive, driven professional with the ability to strategize, influence, and execute
• Clear and effective written communication and presentation skills
• Excellent coordination skills, including project / process management

It would be a plus if you had:

• Familiarity with financial risks, including credit, market, and insurance risk
• Relevant professional certifications (e.g., ASA/FSA, CPA/CFA, PMP/CSM, etc.)

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 $185,100.00 to $250,500.00. 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.