Job Information
Prudential Ins Co of America PGIM Fixed Income: Risk Management Specialist (Hybrid/Newark, NJ) in Newark, New Jersey
Job Classification:
Corporate - Risk
A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE
As the Global Asset Management business of Prudential, were always looking for ways to improve financial services. Were 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, youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading global asset managers!
If youre not afraid to think differently and challenge the status quo, come and be a part of a dedicated team thats investing in your future by shaping tomorrow today.
At PGIM, You Can!
What you will do
Our PGIM Fixed Income Operational Risk Management team is seeking a Junior Analystwho will be responsible for collaborating closely with other control functions to promote operational risk awareness and partner on key risks and initiatives.
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. Responsibilities span all our products and markets while we serve as an internal business partner to aid in processes and controls; as well as help improve our systems that deliver accuracy, efficiency, and the overall integrity to our business.
What you can expect
Assist management in completing risk assessments/control reviews for existing processes, and new products and initiatives, by ensuring key operational risks and controls are properly identified, assessed and documented
Review and analyze incidents, errors, and other risk events: perform root cause analysis, identify trends and recommend corrective measures.
Assist in the collection and reporting of key risk indicators (KRIs), top risks, and other risk related metrics and reporting.
Ensure that issues and action plans are created timely and recorded within the issues management module in the Enterprise Risk Management system (OpenPages).
Assist with managing the PGIM FI Sarbanes-Oxley (SOX) and SOC1 testing including partnering with impacted internal stakeholders and external auditors
Collaborate closely with other control functions including Compliance, Legal and Audit on risk/control related items
Promote Prudentials Operational Risk Management framework policies and procedures across the PGIM Fixed Income business
Assist with the management and execution of model risk, regulatory items and End User Computing Solutions (EUCS)
Manage reoccurring tasks including risk reporting, error reporting, tracking of open issues/action plans among other items
Assist with managing and enhancing technology systems utilized including the PGIM FI Error Database and PGIM FI Procedures Database.
What you will bring
Broad product knowledge in the fixed income industry including, exposure to diverse products and activities
Audit and/or Operational Risk Management experience is preferred
Ability to collaborate within 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 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
Strong oral and written communication skills
Excellent relationship management skills with the ability to partner and build professional relationships in a cross-functional environment
CPA, CFA, MBA or similar certification/credentials a plus
*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
Note: 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 $90,000 to $105,000. 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 Fixed Income
PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $859Bn assets under management, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Tokyo, Hong Kong, and Singapore. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow
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...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity