Manager, Business Group Risk Management - PGIM Risk Management (Hybrid - Newark, NJ)
PGIM Global High Yield Fund, Inc. · New Jersey
📍 Newark, NJ, USAvia workdayFirst listed here 2026-09-20
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Job Classification:
Corporate - Risk
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 skill s with a growing organization? Our PGIM Operational Risk Management team is seeking a Manager who will be responsible for collaborating closely with other control functions to promote operational risk awareness , and partner on key risks and initiatives .
Who are we?
PGIM is a top global fixed income asset manager w ith over $ 1 .47 tr illion in assets under management. Our parent company is Prudential Financial, Inc.
PGIM maintains a collegial and supportive work environment that promotes and rewards individual contributions while placing equal importance on results of the larger team. Associates within PGIM Operational Risk Management share their insights, skills, and diverse perspectives with a talented team working toward common goals. We place high priority on maintaining a work environment that develops, motivates, rewards, and retains employees. We offer a total rewards package that includes competitive pay, performance-based incentives, long-term savings opportunities, and just as important , support for life beyond work.
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 . The role covers the PGIM Credit investment capability, which is comprised of Fixed Income and Private Credit groups.
The team serves as an internal business pa rtner in establish ing and maintain ing an effective system of internal control s.
Responsibilities
Conduct detailed risk assessments/control reviews for existing processes, new products , and initiatives by e nsuring key operational risks and controls are properly identified , assessed and documente d .
Review and analyze errors/incidents and other risk events including perform ing root cause analysis and recommend corrective measures (including assisting with implementation ).
Report to Senior Management on key operational risks, significant risk events, status of outstanding issues , and other topics
Assist in the collection and reporting of key risk indicators (KRIs), top risks, and other risk related metrics and reporting.
Promote Prudential’s Operational Risk Management framework policies and procedures across the PGIM Credit business es
Monitor, analyze and communicate emerging risks and external events
Collaborate closely with Portfolio Managers in Fixed Income and Private Credit , along with th e support functions across the business to reinforce operational risk ownership and accountably .
Act as an Internal Audit liaison, including planning and coordination for internal audits, as well as assist ing in the development, monitoring and closure of audit related action plans
S upport Sarbanes-Oxley and SOC1 annual reviews including assisting with scop e determi nation, collaborating w ith inte rnal and extern al au dit an d issues management
Collaborate closely with other control functions including Compliance, Legal and Internal Audit on risk/control related items
Assist with the management , policy requirements and ongoing monitoring over Models, Artificial Intelligence (AI ) and End User Computing Solutions (EUCS)
Support business transformation activities across PGIM Credit while assessing and mitigating risk associated with business and technology changes .
Qualifications
Extensive business knowledge in the fixed income industry encompassing public fixed income and private credit , specifically trade lifecycle activities and operational support
Minimum of 5 y ears of Audit and/or Operational Risk Management experience in the A sset M anagement industry .
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
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
C F A, MBA or similar cer tification/credentials a re a plus
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 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).
Eligibility to participate in a discretionary annual incentive program is subject
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