Director - Market Risk Policy Governance & Analysis - Prudential - Newark

Job description
The mission of Enterprise Risk Management (ERM) is to ensure that Prudential has a comprehensive framework for understanding the risks embedded in and across its businesses, so that the company can manage these risks effectively, evaluate current and future risk challenges and opportunities, and enhance shareholder value. Market Risk Management (“MRM”) is the unit of Enterprise Risk Management responsible for measuring, analyzing drivers of and managing interest rate, foreign exchange and equity risk as well as establishing a limit framework to control the potential impact of these risks on economic value, income, capital and liquidity.


MRM is comprised of four primary, complementary functional areas: Market Risk Methodology & Analytics, Market Risk Reporting & Portfolio Analysis, Risk Identification & Assessment and Product Risk Management. These functional areas are supported and coordinated by the Chief Market Risk Officer, Deputy Head of Market Risk and Market Risk Chief of Staff.

The successful candidate will work closely with the members of the risk organization and corporate partners, including CIO, treasurers, actuarial, and investment operations and systems. They will be afforded with the opportunity to build comprehensive risk management and business product knowledge as well as help influence the evolving risk framework for the company.

This position will be responsible for:
1. Regulatory Engagement – Assisting with preparation of responses to new regulatory requirements arising from Prudential’s designation as a SIFI/GSII. This includes responsibility for helping to coordinate process and content as well as drafting relevant portions of responses (e.g., Resolution Plan, Fed Narratives, ORSA, Rating Agency meetings).

2. Governance – Continuing to improve risk governance structure and related reporting including support for
· development of enhanced policies and procedures for market risk, ensuring alignment with the other ERM Risk Management Frameworks,
· development of new market risk limit framework, and
· management of business continuation, records management and vendor governance.

3. Project Management – Developing and managing timely updates to project plans to ensure critical deliverables are appropriately staffed with realistic dates. This includes anticipating challenges and helping to identify, escalate and resolve issues as appropriate to ensure deadlines are met.

Desired Skills and Experience

· Bachelor’s degree with coursework in Finance/Economics. Graduate degrees and professional designations are a plus.
· At least 5 years of experience in a regulated banking or insurance or financial services institution.
· Strong reasoning and excellent communication skills. Ability to understand complex issues and synthesize knowledge into a clear, concise view. Must be able to communicate highly technical concepts simply to a non-technical audience, both verbally and in written communication, to achieve desired objectives.
· Solid working knowledge of and experience with PowerPoint required.
· Demonstrated strong interest in asset management and/or risk management.
· Demonstrated effectiveness working independently and in multi-disciplinary teams in a dynamic environment with ability to successfully engage with senior management and technical stakeholders.

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