Job Classification:

Corporate - Risk

Our Business:

The Individual Life Insurance business (ILI) develops individual life insurance products for the U.S. mass affluent and middle market customers, distributed primarily through third party advisors as well as Prudential Advisors. ILI is committed to growth and expansion through Simplified Solutions.  This will enable the broadening of distribution and attraction of new business from the under-insured gap in the mass/middle markets and new, underserved segments.

Our Role:

As a member of a first-line operational risk management team within a business unit, the Director of Operational Risk Management will be responsible for providing direction to the business unit in developing and maintaining an effective and efficient risk management program. Efforts are geared toward ensuring that operational risks when weighed against business opportunities are well managed and acceptable. This role will report directly to the Head of Risk Management, Individual Life Insurance.

• Promotes and builds strong risk management culture in Individual Life Insurance through strong engagement and relationship building with senior management
• Responsibilities include resolving challenging, sensitive, and/or urgent risk issues
• Providing Operational Risk support and advice to business partners, including facilitating assessments of strategic initiatives and ensuring appropriate controls are implemented
• Applies sound judgment in the evaluation of risks and controls. Effectively challenges adequacy of controls.
• Advises Individual Life Insurance on the development and implementation of action plans to address control gaps
• Proactively partners with Risk Management counterparts to identify risk management processes with enterprise-wide implications and effective methods to evaluate control effectiveness
• Assists senior leaders with preparation of materials for Operational Risk Committees
• Reviews key indicators and assists the in the early identification of trends and recommend opportunities for effectiveness and efficiencies.

What you’ll need:

• Superior relationship management skills with the ability to partner and build professional
• relationships in a cross-functional environment
• Works independently and delivers high quality outputs
• Proactive, driven professional with the ability to operate effectively from the conceptual stage through to successful implementation
• Clear and effective writing skills
• Risk management, audit experience or similar business control experience
• Uses strong influencing skills to achieve objectives
• Adaptability and flexibility to work effectively with a diverse portfolio of people, processes and functions

At Prudential, you can:

Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities.

We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.

What we offer you:

• 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
• Retirement plans: 401(k) plan with company match (up to 4%), company-funded pension plan
• Wellness Programs to help you achieve your wellbeing goals, 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.
• 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, 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.

Note: 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 $148,800.00 to $201,200.00. 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. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.