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Compliance Manager

Prudential


Location:
Newark, NJ
Date:
02/16/2018
2018-02-162018-03-17
Job Code:
453538
Prudential
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Job Details

Position Title: Compliance Manager
Job Code: 453538
Job Location: New Jersey-Newark
Description:

Prudential Advisors (PA) refers to Prudential’s retail distribution channel.  Prudential’s captive agents are licensed insurance agents, appointed to Prudential’s US-based life insurers, and referred to as PA’s Financial Professionals.  PA’s Financial Professionals are also registered representatives of Pruco Securities, LLC, (Pruco) Prudential’s dually registered broker dealer/investment advisor registered with the SEC and FINRA.

 

Our captive agent force is comprised of approximately 3,500 Financial Professionals and 330 field managers located in 49 of the 50 states (excluding Alaska) in roughly 1,000 registered locations reporting to 47 parent agencies that report to four sales territories.  Insurance products sold by PA Financial Professionals primarily include life insurance, annuities and property & casualty insurance and the Pruco Securities Broker-Dealer. 

 

The Prudential Advisors Compliance department is responsible for policy development, Business Unit support, monitoring, compliance controls and compliance testing of the Prudential Advisors business.

 

Job Description:

 

The Manager will be responsible for a number of key functions supporting the Prudential Advisors organization.  The successful candidate will act as the primary contact for core broker-dealer and insurance agency home office areas such as Pruco Corporate Services, Product Relationship Management, Compensation and the Broker-Dealer functions of the Customer Office.  In addition, the role will involve leading the Regulatory Alert and Regulatory Reporting (4530) process for Prudential Advisors broker-dealer and insurance distribution activities, as well as, having a key role in managing regulatory changes affecting associated business units.   

As part of the Broker-Dealer compliance team, the Manager will assist the Director in providing compliance support for Prudential Advisors’ brokerage and insurance distribution operations.  

Success Behaviors

  • This position requires an individual who is highly motivated and organized, process driven, and the ability to handle multiple tasks simultaneously under tight deadlines in a dynamic environment
  • The individual will need to have a solid understanding of core Broker-Dealer administrative functions such as branch registrations, regulatory filings, and employee and firm disclosures;
  • Strong relationship management skills, including the ability to interact and influence multiple levels of business and Compliance management;
  • Proven ability to research issues and monitor compliance with regulations and firm policies;
  • Strong communicator with ability to summarize and present issues to senior leaders 

Principal Responsibilities:

  • SME will provide day-to-day compliance support and monitoring for assigned home office business units which includes oversight and review of Standard Operating Procedures (SOPs) 
  • Lead the regulatory alert process which includes, monitoring related business action plans and assessment of business unit obligations across Prudential Advisors 
  • Project manage regulatory changes that have cross-Pruco impact and participate on various Prudential Advisors and Enterprise initiative working groups  
  • Support PA Compliance management in the completion of special assignments and projects (both Prudential Advisors and Enterprise projects)
  • Assist in the completion of compliance risk assessments 
  • Partner with Prudential’s PIMS, Annuities, Mutual Fund and Retirement compliance partners to keep abreast of business and industry developments to help facilitate consistency across business lines
  • Responsibilities may be adjusted based on the experience of the successful candidate

  • Relevant experience in a control function working with broker-dealer (i.e., compliance, business, operations, risk management, audit) or other transferable experience
  • Project management or related experience 
  • Working knowledge of the regulations directly impacting broker dealer and insurance licensing, employee and firm reportable events, and compensation.  Including FINRA, state securities rules, state insurance laws and NAIC Model Regulations.  
  • Demonstrated ability to learn and advise or test compliance with regulations.
  • Series 7, Life and Health Licenses a plus
  • Bachelor’s degree or equivalent experience

 


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, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

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.
Job Function: Compliance
Schedule: Full-time
Apply on the Company Site
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