Assistant Director, Operational Risk

Who We Are

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

     • We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners
     • We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders
     • We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future
     • We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work

Who we are

Corebridge Financial helps people make some of the most meaningful decisions they’re ever going to make. We help them plan and take action to protect the future they envision and respond to some of life’s most difficult moments through the solutions and services we provide. We do this through our broad portfolio of life insurance, retirement, and institutional products, offered through an extensive, multichannel distribution network. We provide solutions for a brighter future through our client centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.

Summary of the role

The Corebridge Financial Enterprise Risk Management (ERM) team defines our company’s requirements for managing and overseeing risk activities including Operational Risk. Operational risk is inherent in each of our business units and functions and can have many impacts, including but not limited to unexpected economic losses or gains, reputational harm due to negative publicity, regulatory action from supervisory agencies and operational and business disruptions, and/or damage to customer relationships. 

This specific role is responsible for the independent review, challenge, and advice for the Investments organization and corporate functions.  This position will work closely with multiple functional disciplines across the firm including ERM, Compliance, Legal, Pricing, Product Development, HR, IT, Marketing, Sales, Operations, and Internal Audit.

About the role

As an Operational Risk Management Assistant Director, you will:

• Support the ongoing application and deployment of Corebridge’s operational risk management framework to help manage all relevant operational risks (People, Process, Systems, Technology and External Events) and ensure appropriate monitoring and escalation procedures are in place.
• Provide guidance, support and consultation to management around operational risk and control matters. 
• Use Corebridge’s tools as well as a risk-based and consistent operational risk management approach (e.g., RCSAs, Review & Challenge, Risk Treatment, Risk Appetite).
• Through analysis of assessment results, key risk indicators and risk event data, identify the most significant operational risks or trends to evaluate the effectiveness of risk mitigation projects and corrective actions.
• Conduct periodic “deep dive” reviews of critical business processes supporting the corporate functions to include investments. This includes developing reports to senior management which assess and report control gaps and related recommendations to reduce risk.
• Work with stakeholders and colleagues to develop risk mitigation actions.  Oversee the completion of actions by reviewing timelines and deliverables; report status of risk mitigating actions and use judgment to determine appropriate escalation.
• Provide operational risk reporting and input to the relevant risk and governance committees and forums and contribute to agendas to reflect changes in the overall risk and control environment for Investments.
• Provide training on operational risk framework elements (e.g., RCSAs, risk event capture, analysis and reporting, scenario analysis, and key risk indicators) with focus on specific coverage area for product(s) and/or framework elements.
• Engage, as appropriate, with other risk and control partners (e.g., Internal Audit, Financial Controls, Legal & Compliance, Model Risk Management, BCM, Vendor Management, IT Risk), to facilitate a strong governance, risk, and control environment.
• Ongoing monitoring of Operational risk issues and risk events, including follow up on remediation plans.

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