At a Glance
- Tasks: Manage operational risks for PGIM Real Estate in the APAC region, ensuring compliance and effective risk strategies.
- Company: PGIM is a leading global asset manager with a diverse and inclusive culture, managing $212 billion in assets.
- Benefits: Enjoy flexible working hours, professional development opportunities, and a supportive team-oriented environment.
- Why this job: Join a top real estate firm that values innovation, teamwork, and social impact while working across cultures.
- Qualifications: Bachelor's degree in Risk, Finance, or related field; 5-7 years in risk management or audit preferred.
- Other info: Regular travel to Singapore and other APAC offices; strong analytical and communication skills required.
The predicted salary is between 43200 - 72000 £ per year.
A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE
At PGIM, we care about our employees, and we are committed to seeing them succeed. We provide our employees with access to professional development and support to help drive their success and ability to innovate.
WHY YOU WANT TO JOIN US
We are one of the largest Real Estate asset managers in the world with $212 billion Assets under Management and Administration (as of Sep 30, 2024). We live an open, appreciative, inclusive corporate culture. This is reflected in the seniority of our team. We enable flexible working hours and offer a professional and team-oriented work environment.
WHAT YOU WILL DO
PGIM Real Estate's Operational Risk Management team is responsible for assessing and monitoring risks to PGIM Real Estate's global business operations and for recommending and implementing risk controls that mitigate those risks. The team supports PGIM Real Estate's strategic business objectives by developing and maintaining effective and efficient risk management programs. This position will be responsible for executing on risk strategies related to PGIM Real Estate's business operations in the Asia Pacific region. The successful candidate will be based in London, where they will contribute to managing and overseeing operational risk strategies. The role will require regular quarterly travel to Singapore and occasional travel to other Asia Pacific offices.
The role reports to Vice President, Operational Risk Management for Europe and Asia Pacific. The Operational Risk team is a global team that regularly interacts with members in all regions.
WHAT YOU CAN EXPECT
- The Operational Risk Manager will work across a broad network of stakeholders, including PGIM's investment and corporate functions, as well as regional leadership to support business processes by reviewing, monitoring, and assessing the control environment for new and established products and activities.
- Work with the Operational Risk Management 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 Real Estate's brand.
- Monitor, analyze and communicate emerging risks and trends.
- Assist management with all aspects of the operational audit process, including preparing and organizing Risk and Control Self Assessments, documenting key risks and controls, developing action plans and providing effective challenge to the adequacy of controls.
- Identify, research, evaluate, and/or resolve risk issues impacting the business, including conducting control reviews or gap analyses for existing processes, as needed.
- Establish and maintain relationships with PGIM and PGIM Real Estate Business and Functional Leaders, as well as the larger Risk Management community, Internal Audit, Legal, Compliance, Operations, and Finance staff.
- Analyze and report operational risk events, identifying root causes of control breakdowns, developing remediation plans, performing scenario analysis reviews.
- Identify and ensure key risk indicators are developed and reported appropriately.
- Partner with the global Operational Risk Management team as a risk advisor for developing issues, new projects, and existing control gaps in the business.
- Serve as a liaison between the Business and Internal Audit for engagements, and track the resulting issues and action plans until effective closure.
- Provide guidance to outsourced service providers and property managers on operational risk topics as appropriate to ensure adherence to PGIM Real Estate's standards.
- At the local entity level, maintain oversight of the entity's compliance with local regulations, including Singapore PDPA (as Data Officer) and MAS Outsourcing Guidelines.
- Prepare regular risk reports for senior management and local Boards.
WHAT YOU WILL BRING
- Experience covering APAC region highly desirable.
- Minimum Bachelor's degree from a Business School or University preferably with a specialization in Risk, Finance, Accounting, or Economics.
- 5 to 7 years of related work experience in risk management, audit or similar function within the institutional asset management business.
- Real estate investments experience is strongly preferred.
- Strong analytical skills including the ability to think critically and logically; creative problem solving and excellent decision-making skills.
- Excellent communication skills, both spoken and written, with a proven ability to produce, review and edit written documentation.
- Team-oriented, with a high degree of integrity and professionalism.
- Strong MS Office Word, Excel, PowerPoint skills required.
WHAT WILL SET YOU APART
- Prior experience in real estate investment management.
- Experience in working in an international and multicultural environment / have a global mindset.
- Good knowledge of the local regulatory requirements (e.g. PDPA, MAS Outsourcing).
About PGIM Real Estate
PGIM Real Estate is one of the largest Real Estate managers in the world and has been serving the commercial real estate market for over 125 years. Our scope of insights, rigorous risk management and seamless execution are backed by a 50-year legacy of investing in commercial real estate.
Our Commitment to Diversity, Equity, and Inclusion
PGIM has a long-held commitment to advancing diversity, equity, and inclusion, rooted in the belief that this is a prerequisite for PGIM's success and sustainability.
Operational Risk Manager APAC (UK Based) employer: PGIM
Contact Detail:
PGIM Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Manager APAC (UK Based)
✨Tip Number 1
Familiarise yourself with the specific operational risk frameworks used in the APAC region. Understanding local regulations, such as the Singapore PDPA and MAS Outsourcing Guidelines, will give you an edge in discussions and demonstrate your commitment to compliance.
✨Tip Number 2
Network with professionals already working in operational risk management within the real estate sector. Attend industry events or webinars focused on APAC markets to build connections that could lead to valuable insights and potential referrals.
✨Tip Number 3
Showcase your analytical skills by preparing case studies or examples of how you've successfully identified and mitigated risks in previous roles. Be ready to discuss these during interviews to illustrate your problem-solving capabilities.
✨Tip Number 4
Stay updated on emerging trends and risks in the real estate market, particularly in the APAC region. Being knowledgeable about current events and challenges will help you engage in meaningful conversations with interviewers and demonstrate your proactive approach.
We think you need these skills to ace Operational Risk Manager APAC (UK Based)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in operational risk management, especially within the APAC region. Use keywords from the job description to demonstrate that you meet the specific requirements.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in PGIM and this role specifically. Mention your understanding of the operational risk landscape in the Asia Pacific region and how your background aligns with their needs.
Showcase Relevant Skills: Emphasise your analytical skills, project management experience, and knowledge of regulatory requirements. Provide examples of how you've successfully managed risks or improved processes in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an Operational Risk Manager.
How to prepare for a job interview at PGIM
✨Understand the Role and Responsibilities
Before the interview, make sure you thoroughly understand the job description and the key responsibilities of the Operational Risk Manager. Familiarise yourself with risk management concepts, especially in the context of the Asia Pacific region, as this will help you articulate how your experience aligns with the role.
✨Showcase Relevant Experience
Highlight your previous experience in risk management, particularly within the institutional asset management sector. Be prepared to discuss specific examples where you've successfully identified and mitigated risks, as well as your familiarity with regulatory requirements like PDPA and MAS Outsourcing Guidelines.
✨Demonstrate Analytical Skills
Given the analytical nature of the role, be ready to showcase your problem-solving abilities. Prepare to discuss how you've approached complex issues in the past, including any scenario analyses or control reviews you've conducted, and how these experiences can benefit PGIM.
✨Emphasise Communication and Teamwork
Since the role involves collaboration with various stakeholders, emphasise your communication skills and ability to work in a team-oriented environment. Share examples of how you've effectively communicated complex information and collaborated with diverse teams to achieve common goals.