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1 Prudential: 2025 Corporate, Risk Management Internship Program Job in Newark, NJ

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Prudential Financial, Inc.
Newark, NJ | Full Time
$93k-120k (estimate)
2 Weeks Ago
Prudential: 2025 Corporate, Risk Management Internship Program
$93k-120k (estimate)
Full Time | Insurance 2 Weeks Ago
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Prudential Financial, Inc. is Hiring a Prudential: 2025 Corporate, Risk Management Internship Program Near Newark, NJ

Job Classification:
Corporate - Risk
Prudential: 2025 Corporate, Risk Management Internship Program Location(s):Newark, NJ (Hybrid)
Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.5 trillion in assets under management as of March 31, 2024, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise, and innovation for nearly 150 years. For more information, please visit news.prudential.com.
Are you an on-campus leader who wants to apply your curious mind to problem-solving, trend research, and data analysis to make an impact within a dynamic, evolving organization? Or maybe you’re looking to gain foundational knowledge and skills to apply in a professional environment, while developing strong relationships through training, mentorship, and ongoing feedback. At Prudential that’s a challenge we can help you meet as a member of our Risk Management Internship.
Think for a second how the following recent headlines could affect Prudential’s businesses:
  • “New Weapons Against Cancer: Millions of Bacteria Programmed to Kill”
  • “Interest Rates Just Keep Falling. Economic Orthodoxy Is Falling With Them”
  • “COVID-19 Worldwide: The Pandemic’s Impact On The Economy And Markets”
Enterprise Risk Management (ERM) helps ensure that Prudential has a comprehensive framework for understanding the risks embedded in and across its businesses, so that the company can manage these risks effectively, evaluate current and future risk challenges and opportunities, and enhance shareholder value. Risk Management is at the heart of how Prudential thrives during the constant evolution of the financial and insurance industries, in advances in technology and biometrics, and through changes in global economies and governmental laws. In our summer internship program, you will gain exposure to a core function of Risk Management while receiving technical and professional skills training and partnering with leaders to help inform business strategy.
Timeline: The internship program will run from Monday, June 2nd, 2025, to Friday, August 8th, 2025.
We review applications on a rolling basis, and we encourage you to apply as soon as you are ready. All fall applications will close on or by Friday, October 4th, 2024, at midnight ET. We reserve the right to close applications early due to volume or role(s) being filled.
Applications for PGIM Investment Professional roles are open as of July 1st. All other businesses will open on August 2nd. To ensure you are considered for the opportunities you want most, you are only able to apply to 3 positions per recruitment season.
Your Day to Day: Placements will vary across the business, some experiences within our Risk Management Internship Program could include:
  • Insurance Risk Management: Insurance Risk Management is concerned with Prudential’s long-term liabilities we have through our insurance and retirement products. For example, an intern on our Biometrics Landscape team within Insurance Risk would research scientific papers on advances in disease cures, and present findings for leadership so that our Insurance businesses can understand how life-expectancy for our customer base may change.
  • Financial Markets Risk Management: The pillars of this function are risk quantification, risk constraints (limits), credit analysis, and strategic review of sectors and trends. An RMDP might be involved by looking at data from Rating Agencies on corporate credit worthiness and use that analysis to review and critique our ongoing investment inputs (where we’re investing our assets!). Or you may be evaluating the potential impact on the Company of a range of coherent, multi-year stress scenarios, chosen to examine the Company’s significant risk exposures, and consistent in severity with a rational interpretation of “worst-in-history” experience. This team also monitors changes to market prices that affect our portfolios and may cause asset-liability mismatching (they make sure we have enough money to pay claims when we need to!). An RMDP analyst would produce and present daily, weekly, monthly, and quarterly reports on our derivative trading positions, to inform leadership on new market sensitivities.
  • Operational Risk Management: Each one of Prudential’s businesses and corporate functions has specific operational practices (people, processes, systems, and events) that affect how they achieve their goals. Operational Risk specialists develop assessments, analyze events, and manage issues to ensure these practices don’t fail us in execution. For example, an intern might discuss the overall risk profile of the Annuities Business with leaders in order to understand and enhance systems used by the business that ultimately benefit the end customer experience.
Our Risk Internship is just one part of the larger enterprise-wide program that is made up of over 300 interns across the country. You will be joining a collaborative and inclusive corporate climate and will be matched with a mentor from our full-time rotational program, the Risk Management Development Program (RMDP). Rising seniors are eligible for offers to join the RMDP as a full-time employee. Rising juniors are eligible for offers to return for a second summer internship in a different Risk function.
Required Qualifications:
  • Candidates must be enrolled in an accredited bachelor’s program graduating between December 2025 and May 2027
  • All majors are welcome to apply!
  • Minimum 3.0 GPA strongly preferred
  • Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration
Preferred Qualifications:
  • We look for the following key competencies, instead of specific majors:
    • Ability to balance competing agendas
    • Familiar and comfortable with quantitative and qualitative analysis
    • Ability to manage complexity in assignments
    • Inclined to challenge the status quo…constructively!
  • Strong written, oral communication, and interpersonal skills.
  • Mathematical aptitude and computer skills are helpful.
Our Application Process: Submit your application. If eligible, receive invitation for a digital interview; this includes answering pre-recorded interview questions with the business(es) that advance your application(s). If advanced, receive invitation for final round interview(s); you will have the opportunity to meet with us in person or virtually to learn more about our business and culture.
For 2025 early talent roles, our process is designed to help you learn more about Prudential/PGIM and share your story with us. Digital interviewing allows greater flexibility, enables a quicker interview process, allows us to meet more candidates and share your story with more members of the team.
Note: The salary range for this role is [$32.00 to $35.00]. 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.
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 email accommodations.hw@prudential.com.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Insurance

SALARY

$93k-120k (estimate)

POST DATE

08/25/2024

EXPIRATION DATE

10/01/2024

WEBSITE

prudential.com

HEADQUARTERS

DECATUR, IL

SIZE

15,000 - 50,000

FOUNDED

1875

TYPE

Public

CEO

DAVID SAWERS

REVENUE

>$50B

INDUSTRY

Insurance

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About Prudential Financial, Inc.

Prudential Financial provides insurance, investment management, annuities, and other financial services.

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