Enterprise Risk Management - Newark, NJ Insurance Risk Analyst

About the position

Job Description
The Enterprise Risk Management (ERM) organization is responsible for ensuring that Prudential has a comprehensive framework for understanding the risks embedded in and across its businesses, so that the company can manage these risks effectively, evaluate current and future risk challenges and opportunities, and enhance shareholder value. Risk management is evolving as a critical and value-added component of any financial services company.   Prudential’s ERM program has a strong foundation and is looking for talent to help drive it further with energy and enthusiasm by bringing creative but controlled design, implementation ideas, and execution. This is a fast-paced environment guided by changing external regulation and emerging internal policies.
You will be part of the team responsible for measuring and managing insurance risks especially longevity and mortality risks. The associate will also work across ERM as well as with other business units and corporate functions.
As the second line of defense to the business corporate function, this position supports the objectives of the Enterprise Risk Management function by helping to ensure appropriate controls are maintained and fostering an intelligent risk-taking culture.
Some of those responsibilities will include:
  • Providing assistance to businesses corporate functions in analyzing complex risk data and ensuring that risks are properly identified, assessed, monitored, controlled and reported.
  • Participating in delivering risk management training to businesses and/or corporate functions, drafting policy statements, procedures, and processes as necessary, and updating and or maintaining ERM methodologies, tools and processes.
  • Completing risk stress testing procedures, which typically requires a degree in a quantitative or financial area of study.

Qualifications

  • Bachelor’s degree, preferably in statistics, biostatistics, public health or related fields. Master’s degree a plus
  • One or more years of experience. Insurance industry experience a plus
  • Excellent analytical and critical thinking skills
  • Excellent oral and written communication skills
  • Ability to generate practical solutions from researching industry and academic studies
  • Strong collaboration skills with the ability to work confidently across groups and levels
  • Comfortable working with ambiguity and through changing requirements and priorities while maintaining a positive and can-do attitude

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 www.prudential.com 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, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

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