PGIM Director, Third-Party Risk Management (Hybrid-Newark, NJ/Tampa,FL) at Prudential Ins Co of America in Newark, New Jersey

Job Description:

Job Classification:

Project Mgmt, Transformation & Strategy - Project Mgmt, Transformation & Strategy

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

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! 

What you will do

As Director - TPRM for PGIM, domestically and internationally, PGIM Third Party Risk Management (TPRM) oversees programs designed to monitor the selection, on-boarding and performance of key vendors to help ensure effective and consistent management of vendor risk and that services provided meet agreed-upon service levels.

PGIM TPRM defines guidelines for key components of the vendor governance process, including roles and standardized processes for monitoring, reporting and managing vendor relationships, and oversees and monitors business and functional group adherence to PGIM and Enterprise requirements and standards for Vendor Governance.

In this role you will be responsible for driving initiatives to reduce risk, monitor critical vendor services, improve resiliency, and adhere to local regulatory expectations. You will ensure that effective third party risk mitigations are in place and in compliance with the firm’s overall resiliency strategies for effective operations and reduced risk.

In this capacity you will work closely with the Risk and Enablement team leadership to set strategic direction, design, challenge, and implement the third party risk management program across the PGIM.

This position is based in Newark, NJ or Tampa, FL in a hybrid work structure.

What you can expect

• Partner with embedded vendor risk teams in businesses and functions to ensure operational risks are appropriately identified, assessed, and mitigated. Ensure vendor risk governance and reporting capabilities are driving transparency to support a well-thought-out decision-making process.


• Provide an independent assessment of business exposure resulting from third party / vendor risks and control gaps to assist the business in understanding, managing, and mitigating the right risks in line with business strategy and risk tolerances.


• Use data and expert judgement to inform the TPRM program framework. Ensure appropriate monitoring is in place to identify early warning signal sand drive proactive corrective actions.


• Provide objective reporting on TPRM topics (e.g., committees, regulators). Develop a comprehensive PGIM level view of risks and impacts across businesses and functions, globally.


• Provide second line subject matter expert review and challenge (e.g., risk assessments, testing) where appropriate, including evaluation of risk prioritization to ensure a clear and collective view of top vendor risks.


• Analyze risk events and control gaps to ensure thematic trends are addressed to prevent recurrence and limit impact to the businesses.


• Identify emerging and thematic vendor risk exposures and ensure they are appropriately assessed and actioned.


• Maintain relationships and acts as a trusted advisor to business management.


• Maintains strong industry perspective with awareness of evolving risks and practices.


• Leads a small staff dedicated to the business. 


• Partnership and accountability for vital control functions of Procurement at Prudential (Contract Lifecycle Management, Third Party Risk Management), providing a critical line of defense in protecting Prudential & customers across the globe.


• Identify, assess & mitigate third-party related risk as well as providing centrally coordinated governance and oversight for vendor related risk. .


• In partnership with our Legal and Risk colleagues, providing oversight for compliance with related/vendor third-party goods/services laws, regulations, and corporate policies, mitigating risks and fostering a culture of integrity.


• Standardize, streamline and automate related activities to deliver greater speed, agility and collaboration. Substantially reducing manual efforts, lengthy approvals processes and associated administrative costs.

What you will bring

• Bachelor's degree in Business Administration, Finance, Supply-Chain, Economics, or related field; advanced degree preferred.


• Minimum of 10 years of relevant risk management Industry experience, financial services/insurance/investment management and/or experience in other highly regulated industries.


• Deep knowledge of risk management, vendor management, procurement, and third party risk management


• Demonstrable experience in the design, build and execution of global strategies across vendor management, third-party risk management and contract lifecycle management to deliver cost, quality and performance value.


• Proven track record of driving strategic initiatives and delivering measurable results in complex organizations.


• Must be highly collaborative, open-minded, and able to work with and influence others without having direct authority.


• Experience and desire to lead small teams as a player/coach.


• Comfortable with ambiguity, self-directed, and an agent and advocate for change.


• Excellent analytical and problem-solving skills.


• Possesses high level verbal and written communication and presentation skills.


• Ability to prioritize competing objectives, while maintaining attention to detail.


• Willingness to learn and ability to learn new skills and knowledge on an ongoing basis through self-initiative and tackling challenges.


•  Experience working with a diverse set of stakeholders across large, complex, global organizations


• Resourcefulness, good judgement, persistence, the ability to influence others and strong executive presence

What will set you apart?

• Prior working experience in financial services industry, trading and/or asset management is preferred.


• The ideal candidate will be a natural leader with the ability to effectively manage multiple stakeholders, prioritize objectives, and drive significant change in a fast-paced, constantly evolving environment.

*We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit for this role. 

What we offer you

• 
  Medical, dental, vision, life insurance and PTO (Paid Time Off)  


• 
  Retirement plans: 

• 401(k) plan with generous 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 health, and career development. 


• 
  Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations. 

To find out more about our Total Reward package, visit Total reward package brochure

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 $140,000-$180,000. 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. 

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.

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