PGIM Real Estate, Operational Risk Manager

Company: PGIM Global Short Duration High Yield Fund, Inc.
Location: Galveston
Posted on: August 3, 2022

Job Description:

Overview of PGIM

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.5 trillion in assets under management, as of 30 September 2021, and 39 offices spanning 17 countries, PGIM is among the world's top-10 largest asset managers. Comprised of seven self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firm's ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect and equality.

Our Business

As one of the largest real estate managers in the world with more than $200 billion (as of 30 September 2021) in gross assets under management and administration, PGIM Real Estate strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. Our scope of insights, rigorous risk management and seamless execution are backed by a 50-year legacy of investing in commercial Real Estate, a 140-year history of real estate financing and the deep local expertise of professionals in 32 cities globally.

Through our investment, financing, asset management and talent management approach, we engage in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. When you join our team, you'll find yourself inspired by an inclusive company culture that believes that diversity of all kinds allows us to develop better and more innovative solutions for our clients.

At PGIM Real Estate Europe 180 professionals in 8 offices (London, Frankfurt, Munich, Berlin, Amsterdam, Luxembourg, Paris and Milan) manage $12,1 billion gross assets under management across equity and debt strategies (As of September 30, 2021 - net $10,5).

Our Role

We are looking for an astute, determined professional to fulfill a critical position within Operational Risk Management Team . You will showcase your success through collaboration, ownership and innovation. Your expertise in emerging trends and practices will evoke stimulating discussions around optimization and change to help keep our competitive edge. This rewarding opportunity will enable you to make a big impact in our organization, so if this sounds exciting, then PGIM might be the place.

Your Impact and Responsibilities

The Senior Associate / Manager Role supports PGIM RE's Vice President, ORM Europe & Asia in ensuring that business, operational and regulatory risks, when weighed against business opportunities, are well managed and acceptable. This new position is based in London and reports to PGIM RE's Vice President, ORM Europe & Asia in London. As an Operational Risk Manager you will:

* Support operational and enterprise risk management reporting in Europe


* Assist with Third Party Risk Management (TPRM), Insurance Risk Management, Records Management, Privacy and Business Continuity processes as needed


* Support on initial/ongoing due diligence on third parties with PGIM RE Business (regulatory compliance of contracts, risk monitoring, efficiency of the monitoring system, UK Modern Slavery Act, Cloud Outsourcing)


* Contribute to implement, document and review the risk management framework and policies in Europe


* Work with the ORM team and business management to proactively identify and evaluate operational business risks and trends, and develop processes that help mitigate risk, ensure compliance, and protect PGIM RE's brand



Your Required Skills

* Minimum Bachelor's degree from a Business School or University preferably with a specialization in Risk, Finance, Accounting, or Economics


* 3-5 years of related work experience in risk management, audit or similar function within the institutional asset management business or consulting firm


* Self-starter, highly motivated individual who can work independently and is eager to learn


* Good interpersonal skills, team player, capability to interface professionally with various internal and external stakeholders


* Strong writing, interpersonal, and communication skills, being able to summarize and communicate complex issues effectively, orally and in writing


* Strong MS Office Word, Excel, PowerPoint skills required and Visio a plus



Your Desired Skills

* Good knowledge of AIFMD and FCA regulatory requirements as well as privacy and other regulatory requirements


* Experience in working in an international and multicultural environment / have a global mindset



Our Culture

Diverse ideas, perspectives and people are the foundation of PGIM's enduring success. By promoting an equitable workplace and a welcoming and inclusive environment, we nurture a "low ego" culture that allows all employees to bring their authentic self to work and to harness our collective intelligence for the benefit of our clients.

If you are an out of the box thinker and like to work in small teams within a flat organization, we look forward to receiving your application.

* 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, some of which may not be available in your area.

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.

Keywords: PGIM Global Short Duration High Yield Fund, Inc., Galveston , PGIM Real Estate, Operational Risk Manager, Accounting, Auditing , Galveston, Texas