Prudential Financial
Associate, Model Risk - Actuarial (Hybrid)
Prudential Financial, Newark, New Jersey, us, 07175
Join to apply for the
Associate, Model Risk - Actuarial (Hybrid)
role at
Prudential Financial . Overview
Job Classification: Corporate - Risk. The Model Risk Management Group (MRMG) within IPAM is responsible for managing model risks across the enterprise. We are seeking to hire two Associates to be members of MRMG and work with a talented team to perform independent model reviews. The current EWA for this position is Hybrid and requires on-site presence on a recurring basis as determined by the business. Responsibilities
Research relevant regulatory frameworks, underlying products, assumptions and methodologies. Review model documentation, evaluate risks and propose review strategies. Perform modeling analytics and build independent challenger models and other analytical tools as needed. Clearly document review activities in a comprehensive model review report. Work closely with others, both inside and outside the MRMG. Related to model review work, this position would also have exposure to model risk assessments and model issue remediation processes. What you’ll need
0-2 years of actuarial or related work experience. Bachelor’s degree in actuarial science or related field. Several exams passed and desire to pursue ASA/FSA designations. Excellent mathematical and analytical problem-solving skills. Strong technical skills and ability to understand complex quantitative concepts and models. Experience with Actuarial software (PolySystems, AXIS, Prophet etc.) and programming languages (Python, VBA, C++, MATLAB, etc.) is highly preferred. Experience in model development, implementation, and/or validation is a plus. Strong knowledge of AI/ML algorithms or experience in developing data science models is a plus. Strong communication skills, both written and oral, including the ability to communicate complex issues to non-technical persons. Ability to build strong relationships and collaborate with others. What we offer you
Salary range: $78,700.00 to $117,300.00. Specific pricing may vary based on location, experience, and skills. Market competitive base salaries, with a yearly bonus potential at every level. Medical, dental, vision, life insurance, disability insurance, PTO, and parental/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 wellbeing purchases. Work/Life Resources for parenting, housing, elder care, finances, mental health, and career development. Education Benefit to finance traditional college enrollment and accredited certificate programs. Employee Stock Purchase Plan with favorable purchase terms after one year of service. Eligibility to participate in a discretionary annual incentive program is subject to program rules, with awards depending on performance. For more about Total Rewards, visit Work Life Balance | Prudential Careers. Part-time employees scheduled to work less than 20 hours per week may have different eligibility. Prudential Financial, Inc. is not affiliated with Prudential plc. 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 accommodations.hw@prudential.com. For technical support with your application or assessment, please email careers.technicalsupport@prudential.com.
#J-18808-Ljbffr
Associate, Model Risk - Actuarial (Hybrid)
role at
Prudential Financial . Overview
Job Classification: Corporate - Risk. The Model Risk Management Group (MRMG) within IPAM is responsible for managing model risks across the enterprise. We are seeking to hire two Associates to be members of MRMG and work with a talented team to perform independent model reviews. The current EWA for this position is Hybrid and requires on-site presence on a recurring basis as determined by the business. Responsibilities
Research relevant regulatory frameworks, underlying products, assumptions and methodologies. Review model documentation, evaluate risks and propose review strategies. Perform modeling analytics and build independent challenger models and other analytical tools as needed. Clearly document review activities in a comprehensive model review report. Work closely with others, both inside and outside the MRMG. Related to model review work, this position would also have exposure to model risk assessments and model issue remediation processes. What you’ll need
0-2 years of actuarial or related work experience. Bachelor’s degree in actuarial science or related field. Several exams passed and desire to pursue ASA/FSA designations. Excellent mathematical and analytical problem-solving skills. Strong technical skills and ability to understand complex quantitative concepts and models. Experience with Actuarial software (PolySystems, AXIS, Prophet etc.) and programming languages (Python, VBA, C++, MATLAB, etc.) is highly preferred. Experience in model development, implementation, and/or validation is a plus. Strong knowledge of AI/ML algorithms or experience in developing data science models is a plus. Strong communication skills, both written and oral, including the ability to communicate complex issues to non-technical persons. Ability to build strong relationships and collaborate with others. What we offer you
Salary range: $78,700.00 to $117,300.00. Specific pricing may vary based on location, experience, and skills. Market competitive base salaries, with a yearly bonus potential at every level. Medical, dental, vision, life insurance, disability insurance, PTO, and parental/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 wellbeing purchases. Work/Life Resources for parenting, housing, elder care, finances, mental health, and career development. Education Benefit to finance traditional college enrollment and accredited certificate programs. Employee Stock Purchase Plan with favorable purchase terms after one year of service. Eligibility to participate in a discretionary annual incentive program is subject to program rules, with awards depending on performance. For more about Total Rewards, visit Work Life Balance | Prudential Careers. Part-time employees scheduled to work less than 20 hours per week may have different eligibility. Prudential Financial, Inc. is not affiliated with Prudential plc. 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 accommodations.hw@prudential.com. For technical support with your application or assessment, please email careers.technicalsupport@prudential.com.
#J-18808-Ljbffr