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

Prudential Financial•Newark, NJ

3d•Hybrid

About The Position

PGIM’s Operational Risk Management team is seeking a Director to partner with control functions and business teams to promote operational risk awareness and support key risks and initiatives. The role covers PGIM Product, Marketing, Institutional and Retail Distribution teams. The team acts as an internal business partner in establishing and maintaining an effective system of internal controls, and works with colleagues across PGIM in a collaborative environment.

Requirements

Extensive knowledge of the asset management industry, including investment products and structures, product development and governance, distribution channels, and associated operational, regulatory, and reputational risks.
At least 8 years of Audit and/or Operational Risk Management experience in the Asset Management industry.
Analytical ability to identify, assess, and mitigate key risks and perform root cause analysis.
Ability to influence, negotiate, and drive organizational change while retaining independence.
High ethical standards and the ability to challenge management while partnering effectively with them.
Results-oriented approach and ability to turn strategy into action.
Strong project management and multitasking skills.
Superior oral and written communication skills.
Relationship management skills and ability to build professional relationships in a cross-functional environment.

Nice To Haves

Audit experience.
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.
CFA, MBA, or similar certification or credentials.

Responsibilities

Conduct detailed risk assessments and control reviews for existing processes, new products, and initiatives, ensuring operational risks and controls are 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, outstanding issues, and other topics.
Assist with 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 with regional offices and business support functions to reinforce operational risk ownership and accountability.
Serve as an Internal Audit liaison, including planning and coordinating audits and assisting with the development, monitoring, and closure of audit-related action plans.
Oversee Sarbanes-Oxley walkthroughs, identification and validation of key controls, and coordination of the annual fraud assessment.
Coordinate requests from Internal Audit, internal departments, regulatory agencies, external auditors, and others.
Collaborate with other control functions and reinforce risk ownership and accountability.

Benefits

Market-competitive base salary and yearly bonus potential.
Medical, dental, vision, life, and disability insurance.
Paid time off and leaves of absence, including parental and military leave.
401(k) plan with company match up to 4%.
Company-funded pension plan.
Wellness programs, including up to $1,600 per year in reimbursement for eligible personal wellbeing purchases.
Work/life resources for parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
Education benefit for approved degree programs and accredited certificate programs.
Employee Stock Purchase Plan, allowing eligible shares to be purchased at 85% of the lower of the beginning or ending purchase-period price.
Eligibility to participate in a discretionary annual incentive program.