Newark, NJ, USA
21 days ago
PGIM Private Capital - Manager, Business Group Risk Management

Job Classification:

Corporate - Risk

What you can expect:

Help lead the implementation of the Enterprise operational risk framework across PGIM Private Capital (PPC) and ensure compliance with operational risk policy requirements (Third-Party, Business Continuation, Records, Model and EUCs)Establishing a process to more frequently conduct Risk and Control Self Assessments and deep-dive assessments across PPC.Developing robust reporting and tracking mechanisms for key risk indicators across top risks, emerging risks, and third-party risks.  Enhance PPC’s risk event program (timely and complete capture of global risk events, root cause analysis, development of mitigation plans in partnership with the business).Help lead the assessment of operational risks associated with new product/market development, facilitate cross-functional collaboration to ensure risks are identified and that mitigation plans are in place.  This requires the candidate to have strong interpersonal skills, the ability to develop relationships with business and functional peers as well as the ability to partner with and present to senior leaders at PPC.  Additionally, the Manager will ensure the adherence to governance frameworks within PPC and PGIM.Establish a process of benchmarking with other PGIM affiliates on PGIM and Enterprise-lead initiatives when appropriate make recommendations and help influence broader change.Partner with the business to ensure appropriate capture and management of the firm’s Top Operational Risks.Lead governance activities in support of PPC’s Operational Risk Management Committee, partner with Compliance and Legal to ensure effective coverage of regulatory requirements.Promote risk awareness and enhancements to the control environment.Collaborate closely with PPC’s regional offices and support functions across the business units to reinforce operational risk ownership and accountability.Oversee various requests from Internal Audit, regulatory agencies, and other stakeholders.  The candidate will lead manage lead the SOX program and will help manage the Internal Audit relationships to ensure appropriate scoping.Continuously assess the industry’s relevant risk events and key macro themes that could be emerging risks for PPC. (e.g. trends in cybersecurity, regulatory developments, risk events in peer firms)Partner with the PPC Ireland’s Risk Officer to ensure aligned implementation of frameworks and appropriate escalation.  Partner with PGIM’s UK-based risk team to ensure completion of regional requirements.  

What you will bring:

Expansive product knowledge in the financial services industry, private credit experience would be ideal but is not a requirement.Expertise in operational risk management activities within a global and complex organization, including performing risk assessments, reporting, and analyzing losses and incidents, developing key risk indicators, and performing scenario analysis.Ability to influence, negotiate and drive change and partner with senior management in the business and support functions while retaining independence.Superior verbal and written communication skillsStrong interpersonal skills and ability to work effectively in a team environment.Excellent project management and multi-tasking skillsAbility to manage confidential and sensitive information appropriately is essential.Travel as needed. 

What will set you apart:

Experience in a control function (risk, audit, compliance)Operational experience but familiar with the effective design of control environments.Results-oriented, with the ability to successfully translate plans into actions and act independently.  

What we offer you

Medical, dental, vision, life insurance and PTO (Paid Time Off)Retirement plans: 401(k) plan with generous company match (up to 4%); Company-funded pension planWellness Programs to help you achieve your wellbeing goals, 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 health, and career development.Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.To find out more about our Total Reward package, visit https://jobs.prudential.com/us-en/about/work-life

Salary Disclosure

Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $125,000 - 145,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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.

About PGIM Private Capital

At PGIM Private Capital, expertise, analysis, and experience drive everything we do. We strategically target select global markets to offer unique deal flow to investors and prospective issuers. Our team is comprised of bright, focused professionals who collaborate at all levels to manage originations and a private debt portfolio across investment grade, high yield and mezzanine investments. We invest in the potential of our employees by offering them large-scope, small-team emphasis on collaboration, and commitment to a healthy balance between a professional and personal life. We challenge you as an individual so you can make real contributions while you grow your capabilities.

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers!  If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.

At PGIM, You Can!

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.

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