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Managing Director - Chief Market Risk Officer - Hybrid/Virtual

Company: Prudential Financial, Inc.
Location: Newark
Posted on: January 25, 2023

Job Description:

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 within MRM.
  • 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 appetite frameworks.
  • 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 matching strategy.
  • 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 regarding strategies.
    • 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 are advantageous.
    • 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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