VP, Compliance at Prudential Ins Co of America in Newark, New Jersey

Job Description:

For more than 140 years, Prudential Financial, Inc. has helped individual and institutional customers grow and protect their wealth. At Prudential, we measure our long-term success on our ability to deliver value for shareholders, meet customer needs, and attract and develop the best talent in the industry. We offer an inclusive work environment where financial professionals and leaders can develop to their full potential and strengthen their communities.

Our Law, Compliance, Business Ethics division is looking for a VP of Compliance to serve as the appointed AML Officer for the Prudential U.S. business entities.

Principal responsibilities:

• Administer U.S. AML Program, including completion of attestations, certifications, questionnaires on behalf of various legal entities, as requested by Prudential clients and counterparties.


• Oversee and analyze the effectiveness of current U.S. AML and OFAC compliance program


• Partner with the Global Financial Crimes Unit, the US AML Operations team, US BU Compliance, the Regulatory Law Department, and other key stakeholders to mature the U.S. AML compliance programs.


• Partner with BU Compliance in the performance of BSA/AML/OFAC risk assessments at least annually and as otherwise performed under Prudential’s Compliance Risk Management Program with consideration to products, services, members and geographies that may present BSA/AML/OFAC related risks.


• Act as a liaison and primary contact for examinations, internal audit and external audits of the U.S. BSA/AML compliance programs.


• Respond to exams and audit concerns and overseeing corrective action of all related compliance deficiencies.


• Consult on, and ensure the maintenance of, necessary updates and revisions to AML compliance policies and procedures.


• Collaborate and engage with fraud teams to ensure appropriate referrals and knowledge sharing is exchanged


• Administer BSA/AML/OFAC related training programs for directors, management and employees and providing BSA guidance and coaching to employees.


• Consult on BSA/AML related monitoring and reporting systems, BSA Monitoring and Filings.


• Ensure processes are designed and operating effectively for appropriate SAR investigation that promote consistent reviews, decisions, and reporting; adequate investigation and research; and completes detailed documentation and recordkeeping.


• Stay abreast of current regulatory developments and industry and compliance trends in the AML and OFAC fields, analyze for applicability to Prudential’s US Businesses, and develop & implement communications plans for necessary changes.


• Advise senior leadership of emerging risks, new or amended laws, regulations, or agency guidance and recommends and implementing changes and controls to mitigate those risks.


• Oversee and conduct special projects and other duties as assigned by the Head of Global Compliance Programs
  
  
  

  Qualifications:

  
  

• Graduate-level degree required; JD preferred.


• 6+ years of prior anti-money laundering compliance experience required with at least two recent years of experience in a senior anti-money laundering compliance role.


• Experience and proficiency with the Actimize solution is a plus


• Strong knowledge of the USA Patriot Act, Bank Secrecy Act, OFAC Sanctions Programs, FinCEN reporting requirements


• Strong verbal and written communication skills required.


• Proven project management skills a plus.


• Analytical skills required with the ability to exercise prudent judgment and discretion in the process of identifying and resolving problems/issues.


• Highly organized with attention to details necessary.


• Ability to interact with, and present to, all levels of management.


• Highly motivated with a positive outlook and the ability to demonstrate a professional demeanor at all times.


• Individual must be a self-starter with the ability to handle multiple tasks at one time.


• Knowledge of Mutual fund, Life Insurance, Annuities, and/or retail Broker/Dealer products a plus. Experience with Institutional products and asset management is preferred.


• Experience and ability to work independently without assistance of subordinates

*Note: Prudential is required by Colorado law to include the salary range for this role when hiring a Colorado resident.

Salary range specific to Colorado: $150,000-200,000 + discretionary incentive bonus + benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

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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 accommodation.h&w@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@prudential.com to request assistance.

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