Manager, Business Group Risk Management - PGIM Risk Management

Prudential Financial; The Ironbound (NJ); On-site; USD 95,000 - 135,000; Full time

Benefits offered by this job

Medical, dental, vision

401(k) with company match

Pension plan

Wellness programs

Education benefit

Job summary

PGIM Operational Risk Management is seeking a Manager to collaborate with control functions, promote risk awareness, and address operational risks across the PGIM Credit investment capability (Fixed Income and Private Credit). The role emphasizes risk controls, audits, and reporting to senior leadership while partnering with Portfolio Managers and support functions.

The ideal candidate has 5+ years in Audit or Operational Risk in asset management, strong communication, and the ability to drive

Qualifications

• Minimum of 5 years of Audit and/or Operational Risk Management experience in the asset management industry.
• Experience in a global organization with risk/control self-assessments and KRIs.
• Ability to influence and drive change while maintaining independence.
• Strong ethics and ability to challenge management constructively.

Responsibilities

• Conduct detailed risk assessments and control reviews for existing processes, new products, and initiatives.
• Review incidents and perform root cause analysis with corrective actions.
• Report key operational risks and issues to Senior Management.
• Collect and report KRIs and other risk-related metrics.
• Collaborate with Portfolio Managers and support functions to reinforce risk ownership.
• Act as Internal Audit liaison and assist with SOX and SOC1 reviews.
• Coordinate risk-related actions with Compliance, Legal and Internal Audit.
• Assist with models, AI, and EUCS risk monitoring and governance.

Skills

Analytical mindset

Influence & negotiation

Project management

Oral & written communication

Relationship management

Education

MBA or CFA preferred

Job description

Job Classification:Corporate - RiskAre you looking to grow your career within Operational Risk Management and deepen your understanding of financial services products under the Asset Management umbrella? Are you looking to diversify your skill set by expanding your analytical skills with a growing organization? Our PGIM Operational Risk Management team is seeking a Manager who will be responsible for collaborating closely with other control functions to promote operational risk awareness, and partner on key risks and initiatives.Who are we?PGIM is a top global fixed income asset manager with over $1.47 trillion in assets under management. Our parent company is Prudential Financial, Inc.PGIM maintains a collegial and supportive work environment that promotes and rewards individual contributions while placing equal importance on results of the larger team. Associates within PGIM Operational Risk Management share their insights, skills, and diverse perspectives with a talented team working toward common goals. We place high priority on maintaining a work environment that develops, motivates, rewards, and retains employees. We offer a total rewards package that includes competitive pay, performance-based incentives, long-term savings opportunities, and just as important, support for life beyond work.Our Operational Risk Management team is a dynamic group that collaborates with all areas of PGIM; in turn, creating a myriad of learning opportunities and a collaborative culture. The role covers the PGIM Credit investment capability, which is comprised of Fixed Income and Private Credit groups.The team serves as an internal business partner in establishing and maintaining an effective system of internal controls.ResponsibilitiesConduct detailed risk assessments/control reviews for existing processes, new products, and initiatives by ensuring key operational risks and controls are properly identified, assessed and documented.Review and analyze errors/incidents and other risk events including performing root cause analysis and recommend corrective measures (including assisting with implementation).Report to Senior Management on key operational risks, significant risk events, status of outstanding issues, and other topicsAssist in the collection and reporting of key risk indicators (KRIs), top risks, and other risk related metrics and reporting.Promote Prudential’s Operational Risk Management framework policies and procedures across the PGIM Credit businessesMonitor, analyze and communicate emerging risks and external eventsCollaborate closely with Portfolio Managers in Fixed Income and Private Credit, along with the support functions across the business to reinforce operational risk ownership and accountably.Act as an Internal Audit liaison, including planning and coordination for internal audits, as well as assisting in the development, monitoring and closure of audit related action plansSupport Sarbanes-Oxley and SOC1 annual reviews including assisting with scope determination, collaborating with internal and external audit and issues managementCollaborate closely with other control functions including Compliance, Legal and Internal Audit on risk/control related itemsAssist with the management, policy requirements and ongoing monitoring over Models, Artificial Intelligence (AI) and End User Computing Solutions (EUCS)Support business transformation activities across PGIM Credit while assessing and mitigating risk associated with business and technology changes.QualificationsExtensive business knowledge in the fixed income industry encompassing public fixed income and private credit, specifically trade lifecycle activities and operational supportMinimum of 5 years of Audit and/or Operational Risk Management experience in the Asset Management industry.Previous experience in a global organization, including facilitating risk and control self-assessments, reporting and analyzing internal and external risk events, developing key risk indicators, and performing scenario analysisAnalytical mindset and ability to identify, assess and mitigate key risks, and perform root cause analysisAbility to effectively influence, negotiate and drive change within an organization while retaining independenceHighly ethical individual with a strong moral compass who can effectively challenge management while partnering effectively with themResults-oriented individual who can transform strategy into actionExcellent project management and multi-tasking skillsSuperior oral and written communication skillsExcellent relationship management skills with the ability to partner and build professional relationships in a cross-functional environmentCFA, MBA or similar certification/credentials are a plusWhat we offer you:Market competitive base salaries, with a yearly bonus potential at every level.Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.401(k) plan with company match (up to 4%).Company-funded pension plan.Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.If you need an accommodation to complete the application process, please email [e-mail] you are experiencing a technical issue with your application or an assessment, please email [e-mail] to request assistance.