Company: Prudential Financial, Inc.
Position: Vice President, PGIM Investments Compliance
Location: Newark, NJ
Description: PGIM Investments LLC (“PI”), is seeking an experienced leader to serve as a Vice President and senior member of the Compliance team. PI is an investment manager to the mutual fund complex within Prudential Financial, Inc. with approximately $273 billion in regulatory AUM as of December 31, 2018. The Vice President will assist the mutual fund and adviser CCO with overseeing compliance for the adviser, mutual funds, transfer agent, and principal underwriter. The Vice President is expected to be a key leader for the approximately twenty compliance professionals in the CCO’s organization. This role supports the CCO in all aspects of the adviser’s and Funds’ compliance programs to assure that day-to-day business activities are conducted in compliance with applicable policies, laws, and regulations. This role also will serve as a partner in strategic projects (including implementing regulatory changes or new processes in response to business initiatives). An important part of the role will be to generate ideas to enhance the compliance program, eliminate inefficiencies and increase program effectiveness so that risks are appropriately identified and mitigated.
- Ten plus years of legal and/or compliance or related experience, primarily in investment management.
- Extensive knowledge of the registered fund (open-end, closed-end, ETF) business and operations (e.g., fund administration, investment process, valuation, transfer agent operations, and fund governance).
- Broad working knowledge of the regulatory landscape for advisers and registered funds, including deep understanding of the Investment Company Act of 1940, the Investment Advisers Act of 1940, CFTC/NFA regulation, and other federal securities/commodities laws and regulations.
- Exposure to global products, marketing, and distribution matters, including UCITS.
- Significant experience with initiating, directing, developing, implementing and maintaining written policies and procedures governing compliance activities.
- Strong analytical skills and ability to identify and research areas that may have more complex regulatory requirements and translate and educate for business application.
- Proven written and verbal communication skills. Comfortable interacting will all levels of management, as well as mutual fund boards.
- Must be self-motivated, able to work independently and comfortable with taking intelligent risks. 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.
- Prior experience working at a regulator preferred.
- Bachelor’s degree required, MBA or Juris Doctor preferred