Prudential Ins Co of America
Vice President, PGIM Chief Compliance Officer (Finance)
Job Classification:
Corporate - Legal and CompliancePGIM, the asset management business of Prudential Financial, Inc. (Prudential) is seeking an experienced Chief Compliance Officer for a business unit within PGIM's boutique of asset managers.
The business unit provides strategic and tactical asset allocation strategies, and leverages the other PGIM public and private market affiliates to fulfill multi-asset-class liability-driven investment mandates.
The position will involve exposure to quantitative investment modeling and a broad set of investment products and asset classes. The CCO will oversee model management, investment manager due diligence, and client and regulatory guideline management in securities, futures, and derivatives trading.
This is a high-profile position within the firm and will be at the center of cross-enterprise Prudential initiatives. The CCO will work with each of the PGIM asset managers and many of Prudential's other businesses to develop new products and investment strategies. The position will also involve global distribution, regulatory, and investment issues. The position requires strong leadership skills, critical thinking skills, and communication skills.
The CCO will be responsible for establishing a regulatory compliance program in partnership with the business. The CCO will integrate Prudential's global compliance programs and technologies into the business and work in collaboration with the PGIM Compliance Department. The CCO will also build a small team of direct reports to support them.
Qualified applicants will be experienced in building and managing a comprehensive compliance program. Qualified candidates will also be technically proficient with identifying and resolving conflicts of interest and challenging investment advisory issues as they arise.
The successful candidate will: (1) foster a culture of accountability, communication, and collaboration; (2) attract, develop, and engage a diverse team of global talent; (3) use data and technology to gain valuable insights and take intelligent risks; and (4) execute their responsibilities with discipline, efficiency, agility, and integrity.
The position will require occasional travel to Prudential and PGIM offices as necessary to effectuate the compliance program.
Primary responsibilities include:
Developing a compliance program in accordance with regulation of the U.S. Securities & Exchange Commission, FINRA, Commodities and Futures Trading Commission, National Futures Association, and other regulatory bodies as necessary.
Independently monitoring, testing, and assessing the adequacy of the company's First Line controls to help mitigate compliance risks within the business, and track and help ensure the adequacy of any remediation of control weaknesses.
Advising on the establishment of policies and procedures for compliance, in consultation with management.
Training and guidance to businesses and staff relating to compliance risks, with a focus on key legal and regulatory requirements and associated Prudential/PGIM compliance programs.
Providing Advisory guidance on business processes and activities with meaningful compliance risk.
Creating compliance and ethics standards and frameworks to enable proactive compliance risk prevention and detection.
Taking a risk- based approach, assessing, monitoring, and testing design and operating effectiveness of First Line controls to help mitigate compliance risk and reporting results and their impact on residual risk.
Advising on and supporting the development of First Line of defense action plans to help mitigate compliance risks, including the institution of any disciplinary processes
Investigations of allegations including ethics, sales practices related fraud, suspicious activity related to our financial crimes oversight, and other matters, as relevant, in each jurisdiction where we conduct business.
Regulatory response support and guidance.
Overseeing regulatory registrations and filings.
Representing the firm in due diligence meetings with clients.
Reporting and escalation of compliance and ethics matters; and
Helping to create a safe environment for employees to raise and escalate issues through ethics hotlines, websites, ethics department and/or through management.
Position Qualifications
12+ years of investment adviser compliance program experience, including risk assessments and self-examination pursuant to Rule 206(4)-7 under the Investment Advisers Act.
Advanced knowledge of the Investment Advisers Act of 1940, the Securities Act of 1933, Securities Exchange Act of 1934, and Commodity Exchange Act.
Experience with other rules and regulations under ERISA, CFTC, NFA and FINRA.
Experience supporting a model management and multi-asset solutions.
Development and implementation of technology solutions to strengthen controls.
Ability to work independently with senior business management.
Evidenced senior level presentation skills.
Strong written and verbal communication skills.
Excellent time management skills with attention to detail.
Strong interpersonal skills: ability to effectively negotiate with personnel at all levels.
Demonstrated ability to manage conflicting priorities with varying deadlines.
Bachelor's degree.
Professional designation (such as a CFA) is a plus.
FINRA Series 7 and 24 licenses are a plus.
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 call (800) 433-8960, prompt 4 or email accommodations.hw@prudential.com.
Please note that the above number and email are 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.