Managing Director - Chief Market Risk Officer - Hybrid/Virtual
Company: Prudential Financial, Inc.
Posted on: January 25, 2023
Job Classification:Corporate - RiskEnterprise Risk Management
(ERM) collaborates across the enterprise to ensure that Prudential
has a comprehensiveunderstanding of the risks embedded in and
across its businesses, enabling the Company tomanagerisks
effectively and evaluate current and future risk challenges and
opportunities.Our focus ison using the tools and frameworks
developed over theyearsto address the challenges and opportunities
that lie ahead for Prudential as the ecosystems that touch our
businesses continue to evolve.Prudential is looking for a Chief
Market Risk Officer (CMRO) to lead the Market Risk Management
("MRM") team, communicate our market risk profile, and advise
senior leadership on critical decisions.MRM is the unit of
Enterprise Risk Management responsible for overseeing market risk
across the enterprise. This involves identification, measurement,
analysis, control, capital assessment and communication of interest
rate, equity market, credit spread, currency, derivative, and
liquidity risks from economic, statutory, and GAAP perspectives. It
also involves recommending market risk appetite relative to capital
needs, supporting the enterprise process for liability replicating
portfolios, stress testing for market events, and implementing a
limit framework for managing market and liquidity risk usage across
businesses.The successful candidate for this Managing
Director-level position will combine leadership and analytical
skills to understand and manage our unique market risk profile.
This leader will report to the head of Financial Markets Risk and
will partner extensively across ERM and our Financial Management
partners in support of global operations.Responsibilities:
- Lead a team of finance, actuarial, and investment professionals
- Own and evolve models, analytics, and frameworks to ensure
market risks are properly understood and managed.
- Coordinate with Financial Management partners to ensure market
risk is appropriately reflected in capital, liquidity, and risk
- Effectively communicate the company's market risk profile to
senior leaders, the Board, regulators, and rating agencies.
- Partner with teams across Prudential to advise and support
strategic transactions, hedging solutions and asset liability
- Accountability for quantification of General Account and
Variable Annuity Market economic capital.
- Engage with industry peers, regulators, and other policymakers
on key regulatory and accounting issues impacting market risk.
- Develop emerging talent and continue to support building the
depth across the Market Risk team.Qualifications:
- Minimum of 15 years of highly relevant financial services
and/or insurance experience.
- Extensive experience with asset liability management, cash and
liquidity management, fixed income, and derivatives markets.
- Ability to effectively interface with variable annuity hedging
- Preferred academic experience in Mathematics, Finance, Risk,
Actuarial, Economics, Engineering, or related field with coursework
indicating a breadth of interests and abilities.
- Relevant professional designations such as CFA, FSA/ASA, or FRM
- Excellent management and communication skills.
- Knowledge of Prudential's businesses and product offerings is
highly desirable.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. The
company's well-known Rock symbol is an icon of strength, stability,
expertise and innovation that has stood the test of time.
Prudential's businesses offer a variety of products and services,
including life insurance, annuities, retirement-related services,
mutual funds, asset management, and real estate services.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. Visit to learn more
about our values, our history and our brand.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.The
Prudential Insurance Company of America, Newark, NJ and its
affiliates.Note that this posting is intended for individual
applicants. Search firms or agencies should email Staffing at for
more information about doing business with Prudential.PEOPLE WITH
DISABILITIES:If you need an accommodation to complete the
application process, which may include an assessment, please email
.Please note that the above email is solely for individuals with
disabilities requesting an accommodation. If you are experiencing a
technical issue with your application or an assessment, please
email to request assistance.
Keywords: Prudential Financial, Inc., Newark , Managing Director - Chief Market Risk Officer - Hybrid/Virtual, Executive , Newark, New Jersey
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