Financial Risk Manager, CLM Hub

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.

What are we looking for?

We are looking for a Financial Risk Manager to lead comprehensive risk management within the CLM Hub, proactively identifying and mitigating potential threats to ensure financial stability.

What are we expecting from this role?

• Develop, maintain, and review the Risk Appetite Framework, aligning it with Prudential Group and regulatory requirements. Implement KRIs to monitor adherence.
• Implement and enforce financial risk policies across the CLM Hub, ensuring compliance with Prudential Group standards and local regulations
• Manage and mitigate financial risks including liquidity, solvency, capital, and risk transfer arrangements.
• Collaborate with business units to identify, assess, and address potential financial risks.
• Monitor and assess product risks, ensuring the integrity and profitability of the product suite.
• Prepare comprehensive meeting packs for Risk Committee meetings with relevant financial risk information.
• Review and update compliance requirements to ensure adherence to Prudential Group and regulatory standards.
• Support reporting to Prudential Corporation Asia, including Liquidity Coverage Ratio, Risk Identification, Risk Transfer, Product Risk Reporting, and Scenario Analysis/Stress Testing.
• Provide financial risk guidance to stakeholders, including Finance and Actuarial teams, and support risk deliverables.
• Conduct qualitative risk assessments for the Annual Business Plan/Budget, contributing to strategic planning.
• Performing other tasks assigned by Management.

Who are we looking for?

• Degree in Finance, Actuarial Science, Economics, Risk Management, or a related field.
• At least 5 years of proven experience in financial risk management or actuarial work within the insurance or financial services industry.
• Demonstrating a strong track record in assessing, managing, and mitigating financial risks, specifically within a life insurance context.
• In-depth understanding of insurance risk management frameworks, actuarial principles, life insurance products, and relevant regulatory landscapes.
• Exceptional analytical and problem-solving skills to identify, assess, and manage complex financial risks, supported by proficiency in financial modelling and data analysis tools.
• Excellent written and verbal communication skills to convey complex risk concepts, coupled with a demonstrated ability to collaborate effectively across teams and departments.
• Advanced skills in data analysis tools, the ability to interpret and implement regulatory requirements, and strong organizational skills to manage multiple projects and deadlines.

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.