Job Classification:

Corporate - Risk

Prudential Product Risk Management works directly with business partners and key stakeholders (including actuarial, finance, Chief Investment Office, etc) to assess and mitigate key risks across Prudential’s Global Retirement and Insurance division. They also act as a key linkage between the business units and ERM’s centralized Financial Risk functions, including Market, Insurance, Investment, Assumption, and Model Risk. Additionally, Product Risk has second-line oversight over pricing, ensuring that pricing methodologies, models and outputs are reasonable and appropriate.
This role will support the Head of Financial Risk Management for Global Retirement and Insurance (GRI) in managing the risks of the GRI business units, while also collaborating with the Head of Financial Risk Management to ensure pricing is appropriate and reasonable.

What you'll do:

Work collaboratively with partners throughout the product development lifecycle to identify, assess and mitigate key risksAct as a key point of contact between the business units and the centralized Financial Risk Management functions, escalating risks as appropriateInvolvement in a variety of both inforce and new business initiatives, including new products, reinsurance transactions, changes in existing risk mitigants, etcSupport periodic product deep dives, reviewing emergence of risks and mitigantsPerform the duties of second-line pricing oversight, including enforcing Pricing and Methodology Standards as appropriate, reviewing methodologies, proposing new Pricing Standards, and understanding profitability results and sensitivitiesGive the businesses an understanding of Prudential’s Risk Appetite Framework and how the business units fit into itRemain engaged with the competitive landscape, providing an understanding of competitor risk practices to stakeholdersWork collaboratively with operational risk to ensure proper coordination and alignment

What you'll need:

10+ years of broad insurance experienceDeep knowledge of insurance products, including both liabilities and assetsStrong understanding of how market, investment, assumption, and model risk manifest in Prudential’s key productsStrong analytical capabilities with ability to apply analytical/critical thinking background to new situationsSelf-starter who can be trusted to take ownership of their work productUnderstanding of insurer financials, including Statutory and GAAP accounting, as well as how those frameworks are represented in product pricingRelevant credentials, including FSA or CFA, are a plusStrategic, creative, and broadly focused thinkerStrong oral and written skillsEffective interpersonal skills and highly skilled in collaborationExperience with international insurance products is a plus

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. 

Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave. 

401(k) plan with company match (up to 4%). 

Company-funded pension plan. 

Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs. 

Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.  

Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.  

Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service. 

Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.  

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom. 

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

If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com. 

 

If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.