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.

What we are looking for

• Bachelor’s degree in finance, accounting, or other related fields is required. Graduate degree is preferred.
• Ten+ years of relevant risk / control experience (e.g., Enterprise or Operational Risk Management, Compliance, Internal Audit), preferably in the financial services industry.
• Experience working within in investment management including understanding of asset management processes and, preferably, derivatives trading operations.
• Experience providing effective review & challenge to business/front office first line of defense.
• Experience in providing review and challenge from an operational perspective for various corporate systems and application.
• Ability to work closely with peers and build strong partnerships with key stakeholders, and ability to influence through positive methods.
• Strong organizational, project management and multi-tasking skills.
• Demonstrated ability to establish effective, independent working relationships with mid-and senior-level managers.
• Strong, broad-based communication skills, and presentation skills.
• Pro-active and forward-thinking. Takes pride in adding value to his/her organization. Holds themselves accountable for achieving successful outcomes.
• Driven, analytical, self-motivated.
• Demonstrates sound commercial sense and risk judgment. 
• Experience with GRC tools is desirable.

What our employees like most about working for Corebridge Financial

• We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation. 
• Our “Giving Back” policy is at the core of our daily operations and guides our future progress. Don’t believe us?  We put our money where our mouth is! Corebridge Financial, will give you up to 16 hours a year paid time off to volunteer in the community.
• Our people are at the forefront of creating value for customers and stakeholders and therefore we provide a generous benefits plan and competitive pay.

Benefits

• Paid Time Off (Corebridge Financial recognizes the importance of work life
• balance). We offer 24 PTO days to start and additional paid holidays. 
• A 401(k) Retirement Plan:  Our 401K - $1 for $1 match up to 6% with immediate vesting, plus Corebridge Financial automatically contributes an additional 3% into your 401K regardless of if you enroll or not.

#LI-SB1 #LI-SAFG #LI-Hybrid

This role is deemed a “covered associate” under SEC Rule 206(4)-5, 17 CFR § 275.206(4)-5, Political contributions by certain investment advisers, and other federal and state pay-to-play rules. Candidates for the role must not have made any political contributions that, under 17 CFR § 275.206(4)-5 or other federal or state pay-to-play regulations, would disqualify the candidate or Corebridge Financial from conducting Corebridge Financial’s business, or that would otherwise create a conflict of interest for Corebridge Financial. Applicants who are selected to move forward with the application process will be required to disclose all U.S. political contributions they and their household family members have made over the past two years.

Applications will be accepted for this position until a satisfactory candidate pool has been identified.

Why Corebridge?

At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.

Benefit Offerings Include:

  • Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being
  • Retirement Savings: We offer retirement benefits options, which vary by location.  In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
  • Employee Assistance Program: Confidential counseling services and resources are available to all employees
  • Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000
  • Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work
  • Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer

Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives.

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs.  If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com.  Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.

We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities.  If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com.   Reasonable accommodations will be determined on a case-by-case basis.

Applications will be accepted for this position until a satisfactory candidate pool has been identified 

Functional Area: