Prudential Financial

Manager, Business Group Risk Management - PGIM Risk Management (Hybrid - Newark, NJ)

Prudential Financial • $110K — $130K *
Newark, NJ 07104Hybrid
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Extensive knowledge in public fixed income and private credit, particularly trade lifecycle activities.
  • Minimum 5 years of Audit or Operational Risk Management experience in Asset Management.
  • Experience in global organizations, assessing risk and control, and developing key risk indicators.
  • Strong analytical skills for risk identification and root cause analysis.
  • Effective negotiation and change management skills while maintaining independence.
  • Highly ethical with the ability to challenge and partner with management.
  • Proven project management and multi-tasking capabilities.
  • Excellent communication and relationship management skills.

Responsibilities

  • Conduct detailed assessments of operational risks and controls for existing processes and new initiatives.
  • Analyze incidents and events to perform root cause analysis and recommend corrective actions.
  • Report significant operational risks and status updates to Senior Management.
  • Collect and report key risk indicators (KRIs) and metrics for risk tracking and reporting.
  • Promote adherence to operational risk management policies across PGIM Credit.
  • Monitor and communicate emerging risks and external events.
  • Collaborate with Portfolio Managers and support functions to enhance operational risk ownership.
  • Liaise with Internal Audit for audit planning and to assist in action plan development and monitoring.
  • Support annual Sarbanes-Oxley and SOC1 reviews, including scope determination and collaboration with audit teams.
  • Assist in risk management for Models, AI, and End User Computing Solutions.

Benefits

  • Market competitive base salaries with annual bonus potential.
  • Comprehensive medical, dental, vision, life, and disability insurance.
  • 401(k) plan with up to 4% company match.
  • Company-funded pension plan.
  • Wellness programs offering up to $1,600 reimbursement for wellbeing expenses.
  • Work/Life Resources support for various personal needs.
  • Education Benefits for financing approved degree and certificate programs.
  • Employee Stock Purchase Plan allowing shares at 85% of the price.
Full Job Description
Job Classification:
Corporate - Risk

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 Manager who will be responsible for collaborating closely with other control functions to promote operational risk awareness, and partner on key risks and initiatives.

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.

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/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 topics


  • Assist 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 businesses


  • Monitor, analyze and communicate emerging risks and external events


  • Collaborate 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 plans


  • Support Sarbanes-Oxley and SOC1 annual reviews including assisting with scope determination, collaborating with internal and external audit and issues management


  • Collaborate closely with other control functions including Compliance, Legal and Internal Audit on risk/control related items


  • Assist 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.


Qualifications

  • Extensive business knowledge in the fixed income industry encompassing public fixed income and private credit, specifically trade lifecycle activities and operational support


  • Minimum 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 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.

About Prudential Financial

Prudential Financial is a financial services company that specializes in the fields of investment management, life insurance, and retirement benefits. It focuses on helping individuals and institutional customers to grow and protect their wealth. The company also offers an inclusive work environment where employees can develop to their full potential, and give back to the communities where they live and work. Prudential Financial was founded in 1875 and headquartered in Newark, New Jersey.

Prudential Financial Careers

Join the esteemed ranks of Prudential Financial, a global leader in financial services, where your career is nurtured, your innovation valued, and your professional growth guaranteed. Work You’ll Do At Prudential Financial, we are committed to helping individuals and businesses tackle their financial challenges with robust solutions. As part of our team, you will lead efforts to innovate and expand our services, ensuring that we remain at the forefront of the financial industry. Transform the financial landscape with your expertise and join a team where diversity, leadership, and personal growth are not just encouraged but actively fostered. With Prudential Financial, you position yourself at the nexus of finance and cutting-edge innovation. Collaborate with a global network of professionals, dedicated to steering clients through their financial journeys with precision and foresight. Our culture thrives on teamwork, leadership, and a shared commitment to excellence. Prudential Financial Job Opportunities We are actively hiring and have a variety of job opportunities designed to bring out the best in each employee. From entry-level positions to leadership roles, Prudential Financial offers a path for every ambitious professional eager to make an impact in the financial sector. Do Innovative Work Join our team of over 40,000 professionals worldwide, working together to reshape the future of finance. At Prudential Financial, your skills in networking, strategic thinking, and leadership will drive change and foster an environment of continuous innovation and growth. Internship Programs Kickstart your career with a Prudential Financial internship. Our programs offer invaluable industry insights and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark. Benefits and Culture Prudential Financial is not just about professional achievements but also about personal well-being. Our employees enjoy comprehensive benefits, including health, life, and disability insurance, retirement plans, and generous paid time off. More than just benefits, our company culture is built on mutual respect, inclusivity, and the collective pursuit of excellence. Future-Proof Your Career With Prudential Financial, career advancement is a reality. We provide extensive training and development programs, including leadership and diversity training, to ensure you are always ahead of the curve. Explore Discover how Prudential Financial leads the way in financial innovation and client service. Read more about our latest projects and the impact they have on our clients and the industry. Stay Connected Join Our Team Search open positions that match your skills and interests. We are looking for passionate, curious, and solution-driven team players. Explore Prudential Financial jobs today and find where you fit in our dynamic team. Keep Up to Date Stay informed with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Job Alert Emails Customize your subscription to receive job alerts, the latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Prudential Financial.
Learn more about Prudential Financial
Size
88 employees
Market Cap
$36.2 billion
Industry
Finance & Insurance
Net Income
-$374 million
Founded
1875
5 Year Trend
+3.8%
Revenue
$57 billion
NASDAQ
PBIP
* Ladders Estimates

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