Director - Actuarial Internal Controls - Prudential - Newark

Job description
Actuarial’s Internal Control function is responsible for coordinating and overseeing day to day first line risk management responsibilities for Actuarial. This function partners closely with Operational Risk Management to provide guidance and assistance to the actuarial areas in managing operational risks in accordance with the company’s Operational Risk Management Framework. This includes ensuring that operational risks are properly identified, assessed, monitored, controlled and reported. The Director of Actuarial Internal Controls will report directly to the Vice President that heads up this function and will be part of the Corporate Actuarial team.
Responsibilities:
Apply operational risk management techniques including but not limited to: Risk and Control Self Assessments, Scenario Analysis, Loss Event Reporting and Model Risk Management.
Design and implement management reporting (i.e., dashboards and issues tracking).
Perform risk aggregation and reporting for Actuarial senior management and Operational Risk Management.

Liaison to the Privacy Office accountable for monitoring actuarial processes that comply with requirements of the Personally Identifiable Information (PII) Controls Policy.
Coordinate the Sarbanes-Oxley / Model Audit Rule process including participation in walkthroughs, identification/validation of key controls, testing, and fraud assessment.
Some travel to Prudential’s NJ and CT locations will be required, estimated at 10-20%

Desired Skills and Experience
5 years or more of Control experience within a large financial institution. This includes, but is not limited to: auditing, compliance, operations management, or operational risk management.
Bachelor’s degree is required, preferably in Actuarial Science, Finance, Economics, or Accounting.
Relevant professional certifications (e.g., FSA, CPA, CFA, CRMA, etc.) are a plus.
Understanding of Operational Risk Management concepts and tools, including the COSO integrated control and Basel II Risk frameworks.
Knowledge of Sarbanes Oxley and Model Audit Rule compliance requirements.
Strong leadership skills with the ability to work collaboratively or independentlywith confidence and with the ability to consult with relevant Subject Matter Experts (SMEs)
Ability to quickly understand new concepts and understand and assess implications to the business
Demonstrated strong conceptual thinking and analytical skills
Experience in project management
Ability to demonstrate a high degree of initiative, curiosity, with an eagerness to learn.
Excellent oral and written communication skills; strong facilitator of group discussions.
Control experience within a large financial institution. This includes, but is not limited to: auditing, compliance, operations management, or operational risk management.
Strong organizational and time management skills, including the ability to effectively execute on multiple projects simultaneously

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