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Director, Compliance/Registered Principal

Prudential


Location:
Plymouth, MN
Date:
09/19/2017
2017-09-192017-10-18
Job Code:
425339
Prudential
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Job Details

Position Title: Director, Compliance/Registered Principal
Job Code: 425339
Job Location: Minnesota-Plymouth
Description:

We are looking for an experienced, process-oriented business unit compliance leader with passion for helping customers achieve their life goals by ensuring the business is in compliance with laws and regulations.  The selected candidate will be responsible for designing, implementing and running a business unit compliance program for a new sales, service and operations team in a new venture. 

 

 

The selected candidate will be an active participant on cross-business and cross-functional operating  teams, responsible for building and operating the compliance program supporting our new Registered Investment Advisor and Broker/Dealer. 

 

 

The focus of the team this position will be supporting will be to provide needs-centric financial advice, and new and innovative products and fee-based solutions to customers via a RIA and Broker/Dealer.

 

 

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.  The successful candidate will create and run a business compliance program in a highly complex and regulated financial services organization.  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 Prudential’s VP of Advisory Sales, Service & Operations, 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.

 

Key Responsibilities:

 

 

·         Design and implement a business oversight program for the business unit that is effective in preventing, detecting and mitigating violations of applicable law or Prudential policies.  Develop line of sight around enterprise-wide issues and be integral in proposing and implementing enterprise-wide solutions.

 

 

·         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.

 

 

·         Responsible for providing ongoing compliance-related support and advice for the day to day activities of the business unit as well as designing and implementing new strategies and initiatives.

 

 

·         Administer all compliance policies and procedures for the business unit.

 

 

·         Promote, protect and set the tone to reflect the Company’s reputation for ethics, integrity and honesty in all dealings.

 

 

·         Monitor the business’s effectiveness in implementing established compliance processes and controls; recommend and implement enhancements.

 

 

·         Assist regulators, auditors, Compliance Dept. personnel, and business unit management with regulatory exams and inquiries.

 

 

·         Provide compliance support for new product initiatives.

 

 

·         Integrate industry benchmarking and best practices through ongoing research, education and industry affiliations.

 

 

·         Collaborate with other Compliance teams, Corporate Compliance, and colleagues across Prudential.

 

 

 

 

Position Qualifications:

 

 

·         Strong competence and knowledge of securities and/or insurance regulations and operations

 

 

·         Well-versed in investment process, securities operations, and proper governance practices 

 

 

·         5-7 of legal, compliance or business risk-related experience

 

 

·         Experience initiating, directing, developing, implementing and maintaining written policies and procedures governing compliance activities

 

 

·         Understanding of customer transactions and communication, operational work flows, internet technologies, as well as development methodology for a complex multi-business environment

 

 

·         Ability to work and react quickly in a fast-paced, agile environment

 

 

·         Proven communication skills (verbal, written, interpersonal) sufficient to interact with all levels of management

 

 

·         Strong relationship management and experience with direct leadership of teams

 

 

·         Ability to interpret rules and analyze complex issues

 

 

·         Ability to reach sound judgments and act quickly under tight deadlines while balancing competing priorities

 

 

·         Creative and strategic approach to problem solving and change management

 

 

·         Proven analytical and project management skills

 

 

·         Bachelor's degree, Securities Licenses (e.g. Series 7, 63, 24, insurance) or willingness to obtain within 90 days

 

 


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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