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Assistant Risk Manager Jobs in New Jersey (NOW HIRING)

Investment Management - Investments A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global ... initiatives. * Assist in reviewing the risk-related elements of client guidelines to identify ...

Risk identification and proactive risk management, identifying interconnected, horizon and emerging risks to assist the business in understanding, managing and mitigating the right risks in line with ...

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Assistant Risk Manager information

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$24.4K

$69.8K

$148K

How much do assistant risk manager jobs pay per year?

As of Sep 9, 2026, the average yearly pay for assistant risk manager in New Jersey is $69,850.00, according to ZipRecruiter salary data. Most workers in this role earn between $40,552.00 and $87,944.00 per year, depending on experience, location, and employer.

What does an assistant risk manager do?

An Assistant Risk Manager helps organizations identify, assess, and minimize potential risks that could affect their operations or financial stability. Their responsibilities typically include conducting risk assessments, analyzing data, assisting in the development of risk management policies, and helping to implement risk mitigation strategies. They work closely with other departments to ensure compliance with regulations and to support the overall risk management framework. This role often involves preparing reports, supporting insurance processes, and staying up to date on industry best practices to protect the organization from potential loss.

What are the key skills and qualifications needed to thrive as an assistant risk manager, and why are they important?

To thrive as an Assistant Risk Manager, you need strong analytical skills, attention to detail, and a degree in finance, business, or a related field. Familiarity with risk management software, data analysis tools like Excel, and relevant certifications such as ARM (Associate in Risk Management) are typically required. Excellent communication, problem-solving abilities, and teamwork help you effectively assess risks and collaborate with stakeholders. These skills ensure accurate risk identification, mitigation, and the safeguarding of organizational assets.

How does an assistant risk manager typically collaborate with other departments to identify and mitigate risks?

An Assistant Risk Manager frequently works cross-functionally, partnering with departments such as finance, operations, and compliance to identify potential risks and develop mitigation strategies. This role often involves gathering information from various teams, facilitating risk assessments, and ensuring that all departments understand and adhere to risk management policies. Collaboration may include regular meetings, joint projects, and providing training or support to help other teams recognize and address emerging risks. Strong communication and interpersonal skills are essential for building effective relationships and fostering a culture of risk awareness throughout the organization.

How much do assistant risk managers earn?

Assistant risk managers typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and industry. Entry-level positions may start lower, while those with specialized skills or certifications can earn higher salaries. Compensation often includes benefits such as health insurance and retirement plans.

Is an Assistant Risk Manager a stressful job?

An Assistant Risk Manager role involves identifying and analyzing potential risks to an organization, which can be stressful due to the responsibility of preventing financial or operational losses. The job often requires attention to detail, problem-solving skills, and working under deadlines, which can contribute to workplace stress. However, stress levels vary depending on the organization, workload, and individual resilience.

What are the most commonly searched types of Risk Manager jobs in New Jersey?

The most popular types of Risk Manager jobs in New Jersey are:

What are popular job titles related to Assistant Risk Manager jobs in New Jersey?

For Assistant Risk Manager jobs in New Jersey, the most frequently searched job titles are:

What job categories do people searching Assistant Risk Manager jobs in New Jersey look for?

The top searched job categories for Assistant Risk Manager jobs in New Jersey are:

What cities in New Jersey are hiring for Assistant Risk Manager jobs?

Cities in New Jersey with the most Assistant Risk Manager job openings:

Infographic showing various Assistant Risk Manager job openings in New Jersey as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $69,850 per year, or $33.6 per hour.

PGIM - Director, Investment Risk

Newark, NJ • On-site

PGIM
Finance and Insurance • 1 - 5K employees

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 16 days ago


Job description

Job Classification:
Investment Management - Investments
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 with 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:
PGIM Credit is a leading $1.2 trillion global asset manager spanning public and private credit markets. Our Investment Risk Management team plays a critical role in overseeing risk positioning across more than 600 client portfolios, partnering closely with investment professionals to deliver disciplined, data-driven decision-making.
As part of a highly collaborative and technically sophisticated team, you will work at the intersection of portfolio management, trading, and quantitative analytics. The group is responsible for shaping and monitoring risk budgets, advising on portfolio positioning, and continuously enhancing PGIM Credit's proprietary risk platform. This is a unique opportunity to contribute to a best-in-class risk framework within a dynamic and team-oriented environment.
We are seeking a strategic and detail-oriented Investment Risk professional who thrives in a fast-paced setting and is passionate about applying quantitative insights to real-world portfolio management challenges.
This is a hybrid role based in Newark, NJ, where the team is working on-site 3 times a week.
What you can expect:
  • Provide independent support to all aspects of the risk management function, including daily oversight of portfolio risk positioning, engagement with portfolio managers to address risk issues, review and sign-off of risk-related elements of client guidelines, risk budgeting, addressing client inquiries, and responding to ad-hoc internal and external requests for risk analysis.
  • Attend and participate in internal portfolio management and strategy review meetings to represent the risk management function and stay current on market developments, sector views and trading strategies.
  • Contribute to the analysis of risk drivers, performance attribution, scenario analysis, and portfolio construction.
  • Engage in asset allocation and risk optimization analysis to support product development initiatives.
  • Assist in reviewing the risk-related elements of client guidelines to identify constraints that will influence portfolio construction, internal alpha targets, and risk budgets. Coordinate with client advisors to negotiate acceptable resolutions.
  • Partner with Quantitative Modeling and Strategies (QMS) and the systems group to design, test, implement, and document enhancements to our proprietary internal risk analytics and systems. Communicate the impact of proposed changes on portfolio risk to the affected trading desks.
  • Coordinate with associates in Investment Risk and QMS to prepare responses to due diligence questionnaires, requests for proposals, and ad-hoc inquiries from clients and prospects related to our Investment Risk Management Framework.
  • Support the team with client and portfolio onboarding and ongoing account maintenance, coordinating as needed with Client Advisors, Client Onboarding, Compliance, Portfolio Analysts, and Portfolio Managers.
  • Meet with clients and prospective clients to present our internal risk management framework and answer questions related to PGIM Credit's risk management philosophy.
  • Prepare documentation and presentation materials for internal and client use that explain various aspects of our proprietary risk framework and analytics.

What you will bring:
  • Minimum of 7 years of experience in investment risk or portfolio analytics with direct exposure to portfolio construction, positioning, and risk management
  • Bachelor's degree, preferably with concentration(s) in Finance, Economics, Mathematics, Business, Data Analytics or Engineering.
  • Demonstrated competence with statistical, quantitative and technical aspects of fixed income markets.
  • Experience with at least three relevant Fixed Income asset classes, including but not limited to: interest rate products, futures, FX derivatives, Government debt, Investment Grade Corporates, High Yield, Bank Loans, Emerging Markets, Structured Products, and Private Credit.
  • Extensive experience with MS Excel, Python, SQL and other data analysis or modeling tools with the ability to work effectively with large datasets.
  • Clear, professional communication skills, including strong listening, verbal and written abilities.
  • Strong interpersonal skills and experience with interacting with senior management, investment professionals and clients
  • Exceptional organizational and project management skills, with the ability to manage multiple and at times competing priorities within defined timelines, both independently and in a team setting.

What will set you apart:
  • Buy-side fixed income experience working directly with portfolios strongly preferred
  • Master's degree, CFA, or other graduate-level credential (or progress toward one)

Note: Prudential is required by state-specific laws to include the salary range for this role when hiring a resident in applicable locations. The base salary range for this role is from $170,000 to $180,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.
#LI-Hybrid
#LI-SC1
What we offer you:
  • Market competitive base salaries, with a yearly bonus potential at every level.
  • Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
  • 401(k) plan with company match (up to 4%).
  • Company-funded pension plan.
  • Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
  • Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
  • Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
  • Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).

Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
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.
If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.