Director, Third Party Risk Management – PGIM Risk and Enablement (Hybrid/ Newark, NJ-Tampa,FL)

Job Classification:

Corporate - Risk

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 either 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 Administr