Prudential’s purpose is to be partners for every life and protectors for every future.
Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners.
We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions.
We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
ROLE DUTIES & RESPONSIBILITIES:
Responsibilities include, but are not limited to, the following:
Lead the design and deployment of a firm-wide TPRM framework (including outsourcing governance framework).Manage the ongoing TPRM program which includes an integrated approach for assessing and mitigating the risk of new and existing third-party suppliers.Ensure that risks associated with Third Party relationships, before and after entering into contracts, are sufficiently identified, assessed, monitored and controlled.Manage and enhance the governance model to provide ongoing monitoring and oversight of the risks posed by third-parties.Monitor and update third-party risk assessment framework to respond and adhere to new and existing regulatory guidelines and initiatives.Lead third-party risk segmentation, deploy and maintain up-to-date annual attestations by contract owners.Develop reports for use by business areas and senior management regarding third-party risks.Identify and escalate key items of concern regarding new and existing current third –parties, including the potential of concentration risk and fourth-party risk exposures.Partner with sourcing partners, Operational Risk Team, Information Security and Technology Risk Team, Compliance, Legal, business areas and other assurance functions in the second and third line of defense to identify third-party risks and escalate those risks appropriatelyREQUIREMENTS:
Education:
Bachelor’s degree as a minimum academic qualificationWork Experience:
Minimum of 8 years focused expertise in Third Party Oversight, Vendor Governance, Risk Management, Operational RiskProven related financial services experience, risk & regulatory related experience highly desiredThird Party Vendor experience preferredBroad and deep third-party risk technical knowledgeStrong people management, internal consulting, and partnering skillsAbility to influence with or without authority to achieve desired outcomesBalance and successfully manage competing prioritiesStrong industry participant with knowledge of best practicesCompetencies & Personal Traits:
Ability to work independently, with limited supervisionAbility to think strategically and tactically to ensure recommendations are appropriate and realisticProficient in Microsoft Excel, PowerPoint and WordEffective written and verbal communication skills