Senior Operations Risk Analyst - Prudential - Newark, NJ

Prudential International Insurance (PII) currently has 12 life insurance companies located in ten countries around the world; Japan, South Korea, Taiwan, Malaysia, India, Brazil, Italy, Poland, Argentina, and Mexico. This position will be based in Newark or Minneapolis and will report to the VP, Risk Management, located in Minnesota.

Job Description

Support the continuing development and implementation of a world-class risk management organization throughout PII, including:

Facilitate implementation and maintenance of Prudential’s Operational Risk Management Framework in our European & Mexican operations, and assist in completing and reviewing risk assessments prepared in support of new products, distribution channels, and other business initiatives; analysis and conclusions of this work are meant to increase the effectiveness of management decision-making

Assist in the preparation of materials for the PII Risk Management Committee and other reporting to senior management; information from local management must be adapted for use with a senior management audience comprised of both technical and non-technical members

Support reporting of control issues, risk events, key risk indicators and other periodic reporting requirements for operations in Europe & Mexico; ensure root cause analysis has resulted in appropriate actions being taken by management that reflect the right balance of risk exposure and cost of control

Provide risk management concepts and risk assessment training to country operations’ staff and management Bachelor’s degree in Accounting, Finance, or Mathematics

Five years of related experience, including risk, control, public accounting and/or Internal Audit experience

Must have a strong working knowledge of the principles, practices and concepts of internal control, including the COSO Integrated Framework of Control

Must have the ability to facilitate control self-assessments and identify/articulate opportunities to improve control design efficiency and effectiveness

Must be able to evaluate the operating effectiveness of controls, assess severity of control deficiencies and collaborate with management to develop action plans

Must possess working knowledge of a majority of the insurance operational functions, including: underwriting, premium processing, claims processing, complaint handling, vendor selection and management, and information technology

Must be able to partner with management at various levels of the organization in businesses located around the world

Must have strong conceptual thinking skills and be able to effectively research and resolve business issues arising in various operating environments

Proficiency in Spanish, Italian, Portuguese or Polish language strongly preferred

Experience working with international counterparts and traveling internationally preferred

International travel will be required and could reach 10% of the year