2014 RMDP Job Description 10-10-14

Prudential Division: Enterprise Risk Management
Location: Newark, NJ
Position: Associate, Risk Management Development Program
In order to be considered, you must apply directly to Prudential’s Campus Recruitment site within 24 hours of
submitting your resume through Career Services.
The Enterprise Risk Management (ERM) organization at Prudential is responsible for identifying, assessing, and
managing risk globally by ensuring that the company has a comprehensive framework for understanding the risks
embedded in and across its businesses and corporate functions. We apply our knowledge of market, insurance,
investments, and operational risks to effectively manage them, evaluate current and future risk challenges and
opportunities, and ultimately enhance shareholder value.
The Risk Management Development Program (RMDP) is an eighteen month rotational development experience
providing a select number of Associates with an opportunity to build a strong foundation in risk management
concepts and principles that would lead to a future career in the risk management field. As a member of ERM,
Associates will participate in rotations across the various risk areas – Market Risk, Investment Risk, Insurance Risk,
Operational Risk and Risk Assessment & Identification. Within the Operational Risk organization, Associates may
rotate through one of our corporation functions or business risk groups such as Asset Management, Retirement,
Individual Life Insurance, or Group Insurance where they will learn about the multitude of products and services we
provide to individuals and institutions around the world.
Graduates continue their development by taking on challenging assignments and helping to drive innovation,
strategy, and execution. Overall, the RMDP represents a unique opportunity to gain a comprehensive
understanding of risk management in the financial services industry while building a valuable skill set that will lead
to a rewarding career at Prudential.
Program Summary Details:
• 18 month rotational development program
• Job rotations focusing on various risk types - market, investment, insurance, and operational
• Formal training on technical, managerial, and other critical skills
• Senior level mentor for each RMDP Associate
• A full-time position upon successful completion of the program based on organizational needs, individual
performance, and career interests
Associate Responsibilities:
• Prepare research and analyses related to the identification, assessment, and prioritization of risks across
the organization
• Work independently and in consultation with management to scope, plan, and manage complex projects
arising from day-to-day business activities as well as regulatory oversight
• Develop various risk metrics and reports, draft policies and procedures to strengthen the internal control
environment, and participate in risk stress testing
• Attend all required training and program functions
What We Look For:
• Bachelor’s degree in Business or Liberal Arts
• Minimum 3.2 GPA (on a 4.0 scale)
• Intellectual curiosity, superior quantitative, analytical, communication (verbal & written), and leadership skills
• Resourcefulness, flexibility, and creativity; process-oriented with strong organization and multi-tasking skills
• Ability to work independently as well as cohesively in team environments
• Microsoft Office proficiency (Word, Excel, and PowerPoint)
Any applicant selected for this position will be required to submit to an extensive background screening. Failure to comply will eliminate an
applicant from consideration for this position. Any negative information obtained as a result of the background screening may result in the
disqualification of the applicant from this and any other position in Prudential. All candidates must be authorized to work in the United
States. Prudential is an Equal Opportunity/Affirmative Action Employer and is committed to diversity in its workforce.