Prudential Annuities Distributors (PAD)
Vice President, Product Risk (Hybrid)
Prudential Annuities Distributors (PAD), Newark, New Jersey, us, 07175
Vice President, Product Risk (Hybrid)
Job Classification: Corporate - RiskThe Prudential Product Risk team is looking for a Vice President. This team works directly with business partners and key stakeholders (including actuarial, finance, Chief Investment Office, etc.) to assess and mitigate key risks across Prudential’s domestic businesses. 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.The VP will support the Heads of Financial Risk for the domestic businesses as they manage the risks of the domestic business units (including Individual Life Insurance, Group and Retirement Strategies), while also collaborating with the Heads of Financial Risk to establish a robust pricing oversight framework.The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.What to expect: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 appropriateHelp to develop presentations, including both qualitative and quantitative illustrations, for new initiatives and new risks in the business unitsInvolvement in a variety of both inforce and new business initiatives, including new products, reinsurance transactions, changes in existing risk mitigants, etcGive businesses an understanding of Prudential’s Risk Appetite Framework and how the business units fit into itPerform the duties of second-line pricing oversight, including maintaining pricing standards documents as appropriate, reviewing methodologies and models, and understanding profitability results and sensitivitiesSupport periodic deep dives into inforce products, reviewing emergence of risks and mitigantsRemain engaged with the competitive landscape, providing an understanding of competitor risk practices to stakeholdersManage 1-2 shared resources on a project basisWhat 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 productsUnderstanding of insurer financials, including Statutory and GAAP accounting, as well as how those frameworks are represented in product pricingAnalytical capabilities with ability to apply analytical/critical thinking background to new situationsProven leadership experienceSelf-starter who can be trusted to take ownership of their work productStrategic, creative, and broadly focused thinkerStrong oral and written skillsDemonstrated ability to work collaboratively to influence business partnersEffective interpersonal skills and highly skilled in collaboration; this role will require constant interaction with business unit contacts and functional partnersIt'd be a plus if you had:Relevant credentials, including FSA or CFAPrudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.What we offer you:Market competitive base salaries, with a yearly bonus potential at every levelMedical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leaveRetirement plans:401(k) plan with company match (up to 4%)Company-funded pension planWellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needsWork/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.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.To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.#LI-HYBRIDNote: 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 $180,600.00 to $244,400.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits.Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.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.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.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.
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Job Classification: Corporate - RiskThe Prudential Product Risk team is looking for a Vice President. This team works directly with business partners and key stakeholders (including actuarial, finance, Chief Investment Office, etc.) to assess and mitigate key risks across Prudential’s domestic businesses. 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.The VP will support the Heads of Financial Risk for the domestic businesses as they manage the risks of the domestic business units (including Individual Life Insurance, Group and Retirement Strategies), while also collaborating with the Heads of Financial Risk to establish a robust pricing oversight framework.The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.What to expect: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 appropriateHelp to develop presentations, including both qualitative and quantitative illustrations, for new initiatives and new risks in the business unitsInvolvement in a variety of both inforce and new business initiatives, including new products, reinsurance transactions, changes in existing risk mitigants, etcGive businesses an understanding of Prudential’s Risk Appetite Framework and how the business units fit into itPerform the duties of second-line pricing oversight, including maintaining pricing standards documents as appropriate, reviewing methodologies and models, and understanding profitability results and sensitivitiesSupport periodic deep dives into inforce products, reviewing emergence of risks and mitigantsRemain engaged with the competitive landscape, providing an understanding of competitor risk practices to stakeholdersManage 1-2 shared resources on a project basisWhat 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 productsUnderstanding of insurer financials, including Statutory and GAAP accounting, as well as how those frameworks are represented in product pricingAnalytical capabilities with ability to apply analytical/critical thinking background to new situationsProven leadership experienceSelf-starter who can be trusted to take ownership of their work productStrategic, creative, and broadly focused thinkerStrong oral and written skillsDemonstrated ability to work collaboratively to influence business partnersEffective interpersonal skills and highly skilled in collaboration; this role will require constant interaction with business unit contacts and functional partnersIt'd be a plus if you had:Relevant credentials, including FSA or CFAPrudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.What we offer you:Market competitive base salaries, with a yearly bonus potential at every levelMedical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leaveRetirement plans:401(k) plan with company match (up to 4%)Company-funded pension planWellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needsWork/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.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.To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.#LI-HYBRIDNote: 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 $180,600.00 to $244,400.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits.Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.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.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.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.
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