Vice President, Financial Controls

Prudential Annuities Distributors (PAD); Newark (NJ); On-site; USD 185,000 - 251,000; Full time

Job summary

An established industry player is seeking a Vice President of Financial Controls to lead operational risk management for key financial functions. This role offers a unique opportunity to collaborate with senior management and various stakeholders while fostering a proactive risk management culture. You will be responsible for guiding teams in identifying and managing operational risks, ensuring compliance with the company's ORM framework. If you are a driven professional with a passion for risk management and leadership, this position provides a platform to make a significant impact in a dynamic environment.

Benefits

Medical, dental, and vision insurance

401(k) plan with company match

Company-funded pension plan

Wellness Programs reimbursement

Work/Life Resources

Education Benefit

Employee Stock Purchase Plan

Paid Time Off (PTO)

Qualifications

• 10+ years of experience in business, risk, or control functions.
• Strong leadership and project management skills required.

Responsibilities

• Provide 2nd line risk guidance to Actuarial and Finance functions.
• Promote a strong risk management culture across teams.

Skills

Leadership

Project Management

Relationship Management

Risk Assessment

Communication Skills

Analytical Skills

Education

Bachelor's Degree

Tools

Risk Management Frameworks

Job description

Vice President, Financial Controls page is loaded

Vice President, Financial Controls

Apply locations Newark, NJ, USA time type Full time posted on Posted 2 Days Ago job requisition id R-120580

Job Classification:

Corporate - Risk

The Insurance, Product, Assumption, Model (IPAM) team enables Enterprise end-to-end management of Insurance, Product, Assumption, and Model Risk. This includes second line Operational Risk Management (ORM) responsibility for the company’s Actuarial, Accounting Controllership, and Financial Reporting functions. We are seeking a Vice President, ORM to join our team to provide support and 2nd line operational risk coverage for these functions. This role provides a tremendous opportunity to interact with senior management and business partners as well as Audit, Law, Compliance and Risk Management counterparts across the company.

Risk’s mission is to enable intelligent management decisions to help drive exceptional business, customer, and financial outcomes over the long term. This position is responsible for supporting an effective and efficient risk management program in accordance with the company's ORM framework. This position requires strong leadership and influence, sound judgment, project/process management and technical acumen.

Core Responsibilities:

Provide 2nd line risk guidance and assistance to Actuarial, Finance, and Controllers functions in managing operational risks in accordance with the Company’s ORM framework. Foster proactive risk management aimed at achieving successful business outcomes. Be viewed as a trusted advisor regarding operational risk issues by key stakeholders. This includes ensuring that operational risks are properly identified, assessed, monitored, controlled and reported.

What you'll do:

1. Promoting and building strong risk management culture in collaboration with the 1st line Finance & Actuarial Community (FAC) ORM team through strong engagement and relationships.
2. Partnering closely with corporate and BU Finance, Controllers, and Actuarial teams, Internal Audit, and other key stakeholders.
3. Providing proactive operational risk guidance and assessments to business partners with respect to core activities as well as new initiatives / transactions.
4. Applying sound judgment and effective challenge in the evaluation of risks and controls, including communication and escalation.
5. Engaging on challenging, sensitive, and/or urgent risk issues, including providing guidance and after-action review.
6. Advising on the development and implementation of action plans to enhance controls.
7. Proactively partnering with Risk Management counterparts to provide ORM expertise on risks with enterprise-wide implications and effective methods to manage those risks.
8. Supporting risk governance including developing materials and/or presenting to senior management, risk committees, and other forums.

What you'll need:

1. Bachelors degree required.
2. 10+ years of relevant business, risk, or control function experience.
3. Superior relationship management skills with the ability to partner and build professional relationships in a cross-functional environment.
4. Ability to work independently and as part of collaborative teams to deliver high quality work products.
5. Proactive, driven professional with the ability to strategize, influence, and execute.
6. Clear and effective written communication and presentation skills.
7. Excellent coordination skills, including project / process management.

It would be a plus if you had:

1. Familiarity with financial risks, including credit, market, and insurance risk.
2. Relevant professional certifications (e.g., ASA/FSA, CPA/CFA, PMP/CSM, etc.).

What we offer you:

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 $185,100.00 to $250,500.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

• 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.

• 401(k) plan with company match (up to 4%).

• Company-funded pension plan.

• Wellness Programs 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.

• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.

• 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.

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. To find out more about our Total Rewards 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.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.

If you need an accommodation to complete the application process, please email [e-mail].

If you are experiencing a technical issue with your application or an assessment, please email [e-mail] to request assistance.