Manager, Operational Risk Management at Prudential Ins Co of America in Newark, New Jersey

Job Description:

Job Classification:

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions.

We are seeking a Manager, Operational Risk Management, to join our risk management team, to support the Finance and Actuarial Community. In this role, you will collaborate to build and maintain a productive and efficient risk management program in accordance with the company’s Operational Risk Management framework.

Two positions are available: one will be operational focused and one will also have some technology and systems focus.

The current Employee Work Arrangement (EWA)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.

What you can expect:

Provides guidance and assistance to the Finance and Actuarial Community to manage operational risks in accordance with the company’s ORM framework. Viewed as a trusted advisor regarding risk issues by business partners. This includes ensuring that operational risks are properly identified, assessed, monitored, controlled, and reported. For example:

• Promoting an exceptional risk management culture through engagement and relationship-building with senior management




• Resolving challenging, sensitive, and/or urgent risk issues




• Providing Operational Risk support and advice to business partners, including facilitating assessments of strategic initiatives and ensuring appropriate controls are implemented




• Applying sound judgment in the evaluation of risks and effectively challenging control design




• Advising business partners on the status, progress and implementation of action plans to address control gaps and tracking through to resolution




• Building and maintaining collaborative partnerships across the functions as it relates to initiatives and the activities involved with running the functions




• Using data analytics to identify and mitigate risk

What you’ll need:

The candidate should have 5+ years of combined experience involving the following:

• Prior risk management, audit, or similar business risk and control experience




• A bachelor’s degree is required




• Excellent project management skills with the ability to multi-task and handle competing priorities




• Experience working effectively both independently and part of a team




• Outstanding written and oral communication skills




• Ability to influence others to achieve desired results while maintaining operational excellence




• Sound judgment in determining when to call out risk issues




• Ability to effectively and confidently discuss risks and issues with management




• Ability to partner effectively with management and other control partners




• Knowledge of the Committee of Sponsoring Organizations (COSO) governance framework, the Sarbanes Oxley (SOX) act, risk assessment, and control analysis




• Business and financial literacy

It’d be a plus if you had:

• Knowledge of audit methodologies




• An advanced degree in business, finance, accounting, or related fields is a plus

Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

At Prudential, you can:

Take charge of your career. People who have successfully developed their skills in this role have gone on to be promoted within Operational Risk Management or have moved into a role in the broader Enterprise Risk Management team.

We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.

We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.

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




• Retirement plans:




• 401(k) plan with company match (up to 4%)




• Company-funded pension plan




• Wellness Programs to help you achieve your wellbeing goals, 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.




• Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.




• 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.

To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

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 $115,800.00 to $172,300.00. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.