Risk Actuary - ERM

Prudential Global Office ,
London, Greater London
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Overview

Contract: Fixed term contract until 31 st December 2020 Company: Prudential Plc Posting date: 19th March 2020 Closing date: 17th April 2020 The Group Risk team is responsible for the effective implementation and delivery across Prudential of the Group Risk Framework that recognises that managed acceptance of risk lies at the heart of the business. Within Group Risk, the Enterprise Risk Management team is primarily responsible for: the development and use of the economic capital and the risk adjusted profit metrics; the production of the Group ORSA report; assessment of the Group’s Risk ID process including identifying the Group’s top risks and emerging risks; informing decision making from a risk perspective to support the achievement of corporate goals including risk and capital optimisation; assessment of the Group’s systemic risk and production of the Recovery Plan and Liquidity Risk Management Plan; developing and managing group wide stress and scenario testing programme including the Reverse Stress Test; engagement with the IAIS and other industry bodies for the development of systemic risk assessment methods, policy measures to address systemic risk, and new global capital standards (ICS). Job Scope: The job holder will be primarily responsible for contributing towards: the production of the Group systemic risk deliverables including the Recovery Plan, Liquidity Risk Management Plan and providing information for the resolution plan; stress and scenario tests, at times on an ad-hoc basis as per regulatory requirements to assist with the Group’s risk management the production of the Group ORSA; performing second line risk review and analyses to assist in business decision making. The role involves liaising with the Group Risk team based in Hong Kong, other Group functions, business units and external stakeholders and the successful candidate should be confident at developing and managing relationships. The job holder will also be expected to own certain deliverables, as appropriate, and may have the opportunity to contribute to other work and projects in ERM and the wider Group Risk team. Principal Accountabilities: Preparation of the systemic risk deliverables and contribution toward the annual ORSA report that meets the required quality standards and governance. Contribute to the evolution of the design of these deliverables such that they continue to be useful and provide critical insights in a clear and concise way Perform stress and scenario testing and produce deliverables that meet the required quality standard and governance. Liaise with stakeholders within business units and Group to seek appropriate inputs for the systemic risk reports, ORSA and stress testing and provide feedback to stakeholders based on any learnings from the production of the deliverables Assist with ad-hoc Group-wide capital or risk related projects Assist in the Group Risk ID process and liaise with various stakeholders across the Group Key internal interfaces: Group Risk, Group Finance, Group Legal and other Group functions, the Risk, Finance and Actuarial functions at business units. Qualifications and Experience: Qualified Actuary Must be a Chartered Enterprise Risk Actuary (CERA) A financial services background and insurance experience is essential Must have prior experience in a risk/capital management department Must have knowledge of global capital metrics, particularly Asia or US Prior experience in Systemic Risk Reporting including Recovery Planning and Liquidity Risk Management Planning Prior Experience in Stress and Scenario Testing Core Competencies and Personal Skills: Excellent documentation and writing skills, both to technical and non-technical audiences Strong technical understanding An analytical mind-set with strong problem-solving skills A cooperative and enthusiastic team player Excellent stakeholder management skills Highly motivated and able to work independently Self-starter and proactive with good organisation and planning skills Flexibility in dealing with changing priorities and shifting across a broad range of topics Willingness to challenge and enhance existing risk management processes and frameworks, exploring and proposing new ideas Being able to communicate with energy and conviction; and, comfortable with interacting with different areas of the organisation and business units Ability to look at both the details and the big picture Ability to work with limited information at times

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