Manager, Process Management - Vendor Governance at Prudential Ins Co of America in Newark, New Jersey

Posted in Admin - Clerical 3 days ago.

Type: Full-Time





Job Description:

Job Classification:

Project Mgmt, Transformation & Strategy - Project Mgmt, Transformation & Strategy

The Vendor Governance team within Human Resources (HR) plays a critical role in working with strategic third party providers, assessing vendor risks, and providing a framework for highly effective governance at all stages of the vendor life cycle.

This role will help manage the vendor governance program and ensure robust planning approaches, due diligence reviews, and ongoing monitoring processes are practiced for a portfolio of vendors that support the overall HR function.  By collaborating closely with business leaders, external providers, and internal subject matter experts and partners, the Manager will contribute to, and influence the direction of, evolving enterprise standards for vendor governance and third party risk management.  The individual also helps enable and advance key objectives by ensuring an appropriate balance between meeting business needs, protecting the Company, and promoting high internal quality standards for both new and existing vendor relationships.  As necessitated from time to time by evolving business needs, this individual may also lead or contribute to special projects and change initiatives that support key focus areas for the HR Planning and Governance function or the broader organization.

Key Responsibilities:


  • Collaborate closely with business owners and key stakeholders to assess risk of third party vendors, and to provide consulting and guidance to appropriately manage risk throughout the vendor lifecycle consistent with third party risk management standards

  • Drive results by ensuring planning, due diligence and onboarding of new vendors, and ongoing monitoring and support of changes for existing vendors are completed timely and with high quality

  • Manage vendor action plans to closure based on initial due diligence or ongoing monitoring results

  • Maintain vendor monitoring plans and other centralized vendor documentation to facilitate analysis, cross-functional information sharing, and reporting across the full inventory of third party relationships

  • Act as a key interface to enterprise level groups, influence and contribute to the establishment and maintenance of enterprise-wide tools, approaches and standards related to third party risk management, and actively understand and advocate for HR’s interests

  • Help establish strategy and direction for the HR Vendor Governance Program, complete program deliverables, and drive process improvement initiatives that enhance speed, streamline decision making, and promote overall simplification

  • Ensure accuracy, completeness, and data integrity of vendor inventory management system

  • Produce management reports and communications summarizing governance results for key vendors, including analysis on emerging issues, and targeted updates for leadership

  • Maintain strong, collaborative partnerships with key stakeholders across the business functions and corporate areas involved in vendor governance related efforts (including procurement, contracting, and key control functions) and communicate third party information across organizational lines where beneficial to the enterprise

  • Partner with internal groups to ensure periodic site visits for key vendors are planned and conducted using a risk-based approach 

  • Provide vendor governance awareness and training to new and existing stakeholders to ensure sound third party risk management program practices

  • As needed, lead and/or contribute to special projects and initiatives that support key focus areas of the HR Planning & Governance function or the broader organization.

Qualifications:


  • Bachelor’s degree from an accredited college / university

  • At least 3 years of vendor governance/third party risk management work experience in a large corporate environment; proven business experience in managing vendor risk, including conducting vendor due diligence, vendor site visits, vendor control reviews, and ongoing vendor monitoring

  • Experience in consulting, third party risk management, or related control discipline such as audit, privacy or information security a plus

  • Financial Services industry experience and knowledge of Human Resources functions and processes a plus

  • Strong analytical, critical thinking and problem solving skills with ability to organize and gather facts, navigate through ambiguous or complex issues, draw conclusions, and influence desired outcomes

  • Outstanding oral and written communication skills; ability to lead meetings and tailor messages clearly and concisely to various audiences.

  • Able to manage collaborative relationships with a broad set of stakeholders

  • Strong capability in planning and managing a wide variety of initiatives and concurrent priorities to produce high quality deliverables within established timelines

  • Results oriented self-starter, with ability to work independently and as part of a team in a fast-paced environment

  • High degree of proficiency in MS Excel, Word, PowerPoint, Project and Visio

  • Overtime may be required during busy periods

  • Occasional travel may be required for vendor related meetings

-

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.

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. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.

Please note that the above number and email are solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers@prudential.com to request assistance.





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