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This role sits within Financial and Sustainability Risk and supports the Group’s oversight of investment risks across both public market and alternative assets, with a primary focus on alternatives asset classes including private equity, private credit, infrastructure, real estate, and other illiquid strategies. The role provides independent second-line risk oversight and works closely with the first-line investment teams and LBU second-line teams to ensure robust risk identification, monitoring, review, governance, and escalation, supporting sound investment decision-making, portfolio resilience, and compliance with internal policies and regulatory expectations.Principal accountabilities:
- Alternatives Risk Oversight: Provide independent second-line oversight across alternative investments (Private Equity, Private Credit, Real Estate, Infrastructure), covering key risk areas including, but not limited to, concentration, liquidity, credit/default, valuation, leverage, and exit risks.
- Independent Risk Reviews & Constructive Challenge: Conduct independent risk reviews and provide rigorous analytical insight and challenge on investment initiatives including investment mandates, manager/fund due diligence, new asset classes/instruments, and material portfolio actions.
- Portfolio Monitoring & Framework Enhancement: Perform ongoing oversight to identify, evaluate, and escalate performance drivers and emerging risks within the Group’s alternatives portfolio. Apply a principles-based approach to build, enhance, and harmonise risk management frameworks for alternative assets where appropriate.
- Risk Mitigation & Policy Compliance: Support the development and implementation of risk mitigation strategies, ensuring investments are managed in line with internal policies and standards, and applicable regulatory expectations.
- Valuation and Credit Oversight Challenge: Provide independent second-line review and challenge of first-line processes and outcomes for valuation and credit assessment, including the reasonableness of methodologies, key assumptions, and judgments, ensuring they are robust, consistently applied, and appropriately governed.
- Scenario Analysis & Stress Testing: Develop and apply stress tests and scenarios, translating results into decision-useful outputs (key vulnerabilities, mitigants, monitoring enhancements, and escalation recommendations).
- Risk Reporting, Stakeholder Engagement & Regulatory Interface: Support risk reporting to senior management and regulators; represent Group Risk in engagements with Group and Local Investment/Risk teams on investment risk matters.
- Risk Culture Enablement: Champion a risk-aware culture for alternatives and ensure the monitoring framework and practices remain aligned with relevant industry standards and evolving market practices.
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.