Manager, Operational Risk Management
3 weeks ago
Prudential Ins Co of America
Manager, Operational Risk Management
Newark ,
New Jersey
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Job Classification:
Corporate - Risk
Manager, Operational Risk Management, Group Insurance (Hybrid)
Our Business:
Prudentials Group Insurance business manufactures and distributes a full range of group life, long-term and short-term group disability, supplemental health, and group corporate, bank and trust owned life insurance in the U.S., primarily to institutional clients for use in connection with employee and membership benefits plans. Group Insurance also sells accidental death and dismemberment and other ancillary coverages and provides plan administrative services in connection with its insurance coverages. The Group Insurance business is undergoing a transformation which includes expanding product offerings and driving sustainable, profitable growth.
Our Role:
As a member of a first-line operational risk management team within a business unit, the Manager 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.
Promotes and builds strong risk management culture in Group 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 Group 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 youll 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
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 offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.
Were a global organization, full of outstandingly dedicated people who arent 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 $115,800.00 to $172,300.00. 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.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
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