Senior Group Manager, Investment Risk

Prudential; Hong Kong; On-site; HKD 600,000 - 1,200,000; Full time

Job summary

Prudential Services Asia in Hong Kong is seeking a senior risk professional to provide independent second-line oversight of investments across alternatives such as private equity, private credit, real estate, and infrastructure.

You will partner with first-line investment teams and regional risk peers to ensure robust risk identification, monitoring, governance, and escalation, supporting sound decisions and portfolio resilience.

Job description

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed. This role sits within Financial and Sustainability Risk and supports the Group’s oversight of investment risks across both public market and alternative assets, with a primary focus on alternatives asset classes including private equity, private credit, infrastructure, real estate, and other illiquid strategies. The role provides independent second-line risk oversight and works closely with the first-line investment teams and LBU second-line teams to ensure robust risk identification, monitoring, review, governance, and escalation, supporting sound investment decision-making, portfolio resilience, and compliance with internal policies and regulatory expectations.

Principal accountabilities:

• Alternatives Risk Oversight: Provide independent second-line oversight across alternative investments (Private Equity, Private Credit, Real Estate, Infrastructure), covering key risk areas including, but not limited to, concentration, liquidity, credit/default, valuation, leverage, and exit risks.
• Independent Risk Reviews & Constructive Challenge: Conduct independent risk reviews and provide rigorous analytical insight and challenge on investment initiatives including investment mandates, manager/fund due diligence, new asset classes/instruments, and material portfolio actions.
• Portfolio Monitoring & Framework Enhancement: Perform ongoing oversight to identify, evaluate, and elevate performance drivers and emerging risks within the Group’s alternatives portfolio. Apply a principles-based approach to build, enhance, and harmonise risk management frameworks for alternative assets where appropriate.
• Risk Mitigation & Policy Compliance: Support the development and implementation of risk mitigation strategies, ensuring investments are managed in line with internal policies and standards, and applicable regulatory expectations.
• Valuation and Credit Oversight Challenge: Provide independent second-line review and challenge of first-line processes and outcomes for valuation and credit assessment, including the reasonableness of methodologies, key assumptions, and judgments, ensuring they are robust, consistently applied, and appropriately governed.
• Scenario Analysis & Stress Testing: Develop and apply stress tests and scenarios, translating results into decision-useful outputs (key vulnerabilities, mitigants, monitoring enhancements, and escalation recommendations).
• Risk Reporting, Stakeholder Engagement & Regulatory Interface: Support risk reporting to senior management and regulators; represent Group Risk in engagements with Group and Local Investment/Risk teams on investment risk matters.
• Risk Culture Enablement: Champion a risk-aware culture for alternatives and ensure the monitoring framework and practices remain aligned with relevant industry standards and evolving market practices.

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.

We are Prudential. For every life, we are partners. For every future, we are protectors. Prudential plc provides life and health insurance and asset management to 17 million customers across 20 markets in Asia and Africa. We are headquartered in Hong Kong and have dual primary listings on the Stock Exchange of Hong Kong and the London Stock Exchange. We are focused on four strategic regions: Greater China, ASEAN, India and Africa. Our customers are served by around 55,000 agents and more than 200 bank partners. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

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