Director, Operational Risk Management - PGIM Public and Private Fixed Income (Hybrid)

Prudential Financial • Newark, NJ

13d • Hybrid

About The Position

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! 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 Fixed Income 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. The ORM 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 team serves as an internal business partner in establishing and maintaining an effective system of internal controls. The current employee work arrangement for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

Requirements

• Expanded product knowledge in the fixed income industry including exposure to diverse products such as private debt, including direct lending and mezzanine funds including various fund structures
• 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
• Ability to lead a small team of risk professionals
• 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

Nice To Haves

• CFA, MBA or similar certification/credentials are a plus

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, including collecting, identifying, developing, and reviewing key risk indicators
• Promote Prudential’s Operational Risk Management framework policies and procedures across the PGIM Public and Private Fixed Income businesses
• 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

Benefits

• 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), after one year of service.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed