Chief Risk Officer

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.

Chief Risk Officer (CRO) is responsible for leading the enterprise-wide risk management strategy to goal-keep the company’s financial stability, regulatory compliance, and reputation. This role ensures that all forms of risk-strategic, financial, operational, insurance, and compliance-are proactively identified, assessed, monitored, and mitigated in alignment with the company’s business objectives and regulatory requirements.

As a key member of the executive leadership team, the CRO provides strategic guidance on risk appetite, governance frameworks, and internal controls. The role also fosters a strong risk culture across the organization, enabling informed decision-making and sustainable growth in a dynamic and regulated life insurance environment.

Job Responsibilities _/ Phạm vi công việc_

1. Enterprise Risk Management (ERM):

- Responsible as the 2nd Line of Defense for oversight of all risks and the ongoing compliance with the PVA Risk Framework, policies and standards;
- Identify and manage business risks in order to protect Prudential’s brand, integrity and reputation and manage financial exposures. This specifically incorporates key Risk Based Decision making and approval processes;
- Develop, communicate and implement a cross-functional risk management framework & vision consistent with PCA Group Risk standards to safeguard the business from financial (FRM) and operational (ORM) risks, while enhancing organizational capabilities to deliver on its business strategy;
- Develop and embed risk management programs, methodologies, tools and techniques that are consistent with PCA Group Risk standards & guidelines, including risk identification, risk limits and risk appetite;
- Develop the risk reporting and escalation framework and provide regular reports to internal (Members Council, TLT, Audit) and external (MOF, PCA Group) stakeholders;
- Provide risk focused advice and information on key business decisions and challenge any business strategy or plans that exceed appetite or tolerance;
- Develop effective working relationships with all key stakeholders, ensure all governance committees and relevant PCA functions are kept fully informed of all relevant issues in a timely manner and provided with proactive guidance.
- Recommend standards and policies for all Risk Functions to the relevant committees and ensure agreed policies are implemented. Ensure arrangements are in place to monitor performance and adherence to PVA and PCA Standards;
- Be aware of and demonstrate through actions adherence to external regulatory obligations;
- Ensure that the data used by the firm to assess its risks are fit for purpose in terms of quality, quantity and breadth;
- Provide oversight and challenge of the firms systems and controls; and the firms external reporting of risk;
- Ensure the adequacy of risk information, risk analysis and risk training provided to the firm’s governing body;
- Work with PVA senior management and line managers to promote an active and positive culture of risk management.
- (1a) Operational Risk Management (ORM)_
- Drive and lead the development, implementation and maintenance of PVAs operational risk policy and governance framework;
- Conduct risk assessments across all asset classes and products as well as implementing the risk management approach across all business units;
- Collaborate with Distribution, Operations and PCA to provide risk advisory on new business/product development, geographical expansion and business acquisition;
- Challenge and validate the effectiveness of the business using the risk management processes (risk identification, assessment, measurement, acceptance and monitoring) to reduce gross operational risk exposure to acceptable levels within the risk appetite;
- Maintain and improve risk assessment and monitoring programs, conduct thematic control reviews, advise the business on new operating models and participate in regional projects;
- Provide a focal point of control over the aggregate level of operational risk that result from end-to-end processes.
- (1b) Financial Risk Management (FRM):_
- Coordinate with relevant first line functions, including Actuarial & Finance and PCA financial risk management & oversight team;
- Produce financial risk management information (MI) according to FRM policies, PCA guidance and coordinate with PCA FRM Team on any ad-hoc required inputs for quarterly PCA financial risk update;
- Facilitate the financial risk identification and assessment within PVA, ensure the risk de