Senior Group Manager, Credit Risk

Prudential’s purpose is to be partners for every life and protectors for every future.

This role sits within Group Financial Risk Management and supports the oversight of the Group’s public and private credit exposures, including structured credit, which together represent a significant component of the Group’s investment portfolio.

As a Group Head Office second line risk role, the focus is on developing and maintaining risk frameworks, setting risk appetites and limits, providing independent challenge on strategic initiatives, and monitoring and aggregating credit risks across the Group.

Principal accountabilities:

• Credit Risk Framework Development and Oversight: Support the development, enhancement and maintenance of the Group’s Credit Risk Framework, ensuring it remains fit for purpose across an evolving investment portfolio spanning all the forms of credit risk that the Group is exposed to.
• Independent review of credit and investment initiatives: Provide independent second line review and challenge on investment-related initiatives, including new asset classes, investment strategies, methodologies, operating models, internal rating frameworks and risk assessments.
• Private credit and portfolio risk oversight: Support the oversight of the Group's growing private credit portfolio, including assessment of portfolio characteristics, risk concentrations, valuation considerations and governance arrangements.
• Counterparty risk management: Support the Group's oversight of counterparty risk arising from exposures including banking relationships, derivatives and reinsurance arrangements.
• Portfolio monitoring and risk analytics: Leverage existing systems and support the development, centralisation and aggregation of asset data across the Group.
• Thematic research and market intelligence: Lead or contribute to thematic reviews and deep-dive assessments on emerging credit risks that could impact the Group's portfolio.
• Stakeholder Engagement and Strategic Influence: Build strong relationships across investment, actuarial, finance and risk teams to promote risk-aware decision making.
• Broader Group Risk Initiatives: Support the continued enhancement of the Group's joint venture monitoring framework, including oversight of key strategic partnerships and the Group's China joint venture.

Ideal core competences:

• Proven experience in analysing corporate credit risk gained from asset management, insurance or investment-related roles.
• Experience in private credit, direct lending, private placements or structured credit is highly desirable.
• Experience developing risk frameworks, governance processes or portfolio monitoring capabilities would be highly valuable.
• Familiarity with insurance investment risks, asset-intensive reinsurance or capital management concepts would be advantageous.
• Excellent communication skills, particularly the ability to provide constructive challenge while maintaining collaborative partnerships.
• Comfortable operating in situations with ambiguity developing practical, risk-aware solutions.