Director – Business Group Risk Management

Job Classification:

Corporate - Risk

Opportunity Awaits 　

Are 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 Director 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 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 Product, Marketing, Institutional and Retail Distribution teams.  The team serves as an internal business partner in establishing and maintaining an effective system of internal controls.

Responsibilities

• Conduct 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 and other risk events, perform root cause analysis, identify trends, and recommend corrective measures
• Report to Senior Management on key operational risks, significant risk events, status of outstanding issues, and other topics
• Assist in risk aggregation and reporting
• Promote Prudential’s Operational Risk Management framework policies and procedures across Product, Marketing, Institutional and Retail Distribution teams
• Monitor, analyze and communicate emerging risks and external events
• Collaborate closely with regional offices, and support functions across the business to reinforce operational risk ownership and accountability
• 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 plans
• Oversee Sarbanes-Oxley walkthroughs, identification/validation of key controls, and coordination of the annual fraud assessment
• Coordinate various requests from Internal Audit, internal departments, regulatory agencies, external auditors and others
• Collaborate closely with other control functions, and reinforce risk ownership and accountability

Qualifications

• Extensive knowledge of the asset management industry, including investment products and structures, product development and governance, distribution channels and the operational, regulatory and reputational risks associated with these activities
• Minimum of 8 years of Audit and/or Operational Risk Management experience in the Asset Management industry. Audit experience is a plus
• 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 analysis
• Analytical mindset and ability to identify, assess and mitigate key risks, and perform root cause analysis
• Ability to effectively influence, negotiate and drive change within an organization while retaining independence
• Highly ethical individual with a strong moral compass who can effectively challenge management while partnering effectively with them
• Results-oriented individual who can transform strategy into action
• Excellent project management and multi-tasking skills
• Superior oral and written communication skills
• Excellent relationship management skills with the ability to partner and build professional relationships in a cross-functional environment
• CFA, MBA or similar certification/credentials are a plus

What 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. 

To maintain the integrity and security of our hiring process, Prudential may use identity verification technologies. Your consent will be obtained before any verification takes place.

If you need an accommodation to complete the application process, please email [email protected]. 

If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.