Sign In
 [New User? Sign Up]
Mobile Version

Director, Compliance

Prudential


Location:
Newark, NJ
Date:
11/17/2017
2017-11-172017-12-16
Job Code:
436958
Prudential
Apply on the Company Site
  •  
  • Save Ad
  • Email Friend
  • Print
  • Research Salary

Job Details

Position Title: Director, Compliance
Job Code: 436958
Job Location: New Jersey-Newark
Description:

PGIM Fixed Income, a division of PGIM Inc., an SEC-registered investment adviser and a business unit of Prudential Financial, is seeking a senior compliance professional knowledgeable in Fixed Income trading, capital markets, investment advisory and investment company issues to assist its Chief Compliance Officer in overseeing a full range of compliance matters that arise in connection with our asset management activities, with focus on trading and investments.  PGIM Fixed Income has over $675 billion in assets under management as of June 30, 2017, with a broad array of fixed income strategies and client types including institutional separate accounts, sub-advised mutual funds, CLOs, offshore commingled and separate client accounts.

 

The Director, Compliance will be part of the team responsible for helping ensure that the activities conducted by the Fixed Income business unit are in compliance with applicable regulatory and contractual requirements associated with a registered investment advisor, which must also comply with various investment adviser, investment company, broker-dealer product and insurance regulations. The position is a key resource in developing and leading ongoing project work designed to support and enhance the Fixed Income Compliance program.  The scope and responsibilities of this position will not be static.  As the business needs and compliance objectives change over time, the responsibilities of this position will be expected to evolve in order to meet the changing deliverables of the department.  The right person will have deep knowledge in RIA, Broker Dealer, and/or Insurance regulatory frameworks and business operations, a good mix of understanding the various business models used to manufacture, distribute and service financial service products and experience in leveraging technology to optimize compliance related controls and activities.  An important part of the role will be to generate ideas to enhance the program over time, eliminate duplications and inefficiencies and increase the effectiveness of the program to ensure that the highest risks are properly identified and mitigated.

 

The successful candidate will help shape, direct and execute the business vision and be challenged to blend customer-centric principles with industry-changing innovation and regulatory complexity. The position will report to PGIM Fixed Income’s VP, Compliance, and will work in an exciting, engaging and agile environment and will be encouraged to expand skills, test creative boundaries, share new ideas, and, most importantly, have fun.

 

 A key component to the success of the position is the ability to work with senior compliance and legal officers to identify compliance issues, assess and understand compliance requirements for specific areas of responsibility, assess risks and recommend solutions regarding regulatory issues. 

 

Responsibilities for this position include:

 

  • Provide guidance on legal and regulatory compliance, including analyzing new regulations, identifying major risk factors, and advising on, effectively monitoring, detecting and resolving such issues;
  • Responsible for directing, developing, implementing and maintaining compliance monitoring, new policies, procedures, reporting, testing, tracking and applying regulatory priorities as well as industry best practices.
  • Develop, sustain, monitor and, when necessary, enhance company compliance policies, procedures and protocols to enable the company to meet legal and regulatory obligations;
  • Organize, lead and contribute to the routine and periodic review of FI compliance policies, improving policies and maintaining policies and compliance records; 
  • Monitor and research employee personal trading and potential Code of Ethics violations;
  • Prepare regulatory filings (i.e. Form ADV, Form PF and NFA Filings)
  • Coordinate with regulators, auditors and business unit management with regulatory exams and inquiries.
  • Collaborate with other Compliance teams, Corporate Compliance, and colleagues across Prudential.
  • Promote, protect and set the tone to reflect the Company’s reputation for ethics, integrity and honesty in all dealings.
  • Supervise Compliance Analyst(s);
  • Coordinate documentation requests required for audit requests; and
  • Participation and completion of assigned tasks for team projects and initiatives.

 

 


This is a challenging, fast-paced, and deadline-driven position, requiring excellent communication, interpersonal and time management skills. The individual needs to take initiative to research and resolve compliance issues that arise. 

 

  • Minimum of 5-7 years working with an Asset Management, Investment Advisor, or Mutual Fund firm, preferably within the compliance, legal or risk department;
  • Strong competence and knowledge of federal securities laws applicable to investment advisers, including the Investment Company Act of 1940 and the Investment Advisers Act of 1940;
  • Substantial knowledge of fixed income instruments (including derivatives) and financial markets;
  • Strong information gathering skills with the ability to analyze and draw conclusions from the information gathered;
  • Strong relationship management and experience with direct leadership of teams;
  • High motivation and initiative; excellent organizational and time management skills with attention to detail; and strong verbal and written communication skills;
  • Ability to exercise sound judgment and discretion in identifying, selectively escalating and resolving issues;
  • Ability to work independently and meet deadlines;
  • Excellent technology skills using MS software (Excel, Word, PowerPoint);
  • Experience with other rules and regulations under the Securities Act of 1933, Commodity Exchange Act, ERISA and UCITS a plus;
  • Strong relationship management and ability to interface with senior management and business partners;
  • Advanced educational degree a plus;
  • Experience with BRS (BlackRock Solutions and/or Aladdin) is highly beneficial.

 


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
Powered ByLogo

Featured Jobs[ View All ]

Featured Employers [ View All ]