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

Job Description:

The Chief Investment Office (“CIO”) a business unit of Prudential Financial, is seeking a senior compliance professional knowledgeable in SEC-registered investment adviser, derivatives trading, and private funds investment advisory 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.  CIO has over $547 billion in assets under management as of December 31, 2020, with a broad array of fixed income strategies and institutional separate accounts, hedged and alternative assets.

The Director, Compliance will be part of the team responsible for helping ensure that the activities conducted by the CIO and its registered investment adviser are in compliance with applicable regulatory and contractual requirements and insurance regulations. The position is a key resource in developing and leading ongoing project work designed to support and enhance the CIO 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, private fund, derivatives, and/or insurance regulatory frameworks and business operations, 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 CIO’s VP, Chief Compliance Officer, 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. This is a challenging position with high exposure. 

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. Serve as a general resource for resolving regulatory and interpretive issues relating to the asset management function.


• Ad-hoc and other projects such as the evaluation of new regulations, research on major issues and development of firm's response to proposed regulations.


• Marketing material review, performance advertising, and sales function oversight.


• Ensuring that all portfolios managed by CIO are in compliance with applicable regulatory and contractual requirements.


• Identifying and mitigating conflicts of interest.


• Evaluating and creating controls for information barrier/wall cross issues.


• Ensuring that the activities of CIO associates are in accordance with Prudential's policies governing such areas of individual conduct as personal securities trading; gifts, travel, and entertainment; insider information. 


• 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.


• Ensuring that all portfolios managed by CIO are in compliance with applicable regulatory and contractual requirements.


• Monitor and research employee personal trading and potential Code of Ethics violations.


• Prepare Form ADV regulatory filings.


• Anti-Corruption and Anti-Bribery matters including Foreign Corrupt Practices Act, international issues, lobbying and pay-to-play.


• 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.

Qualifications

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 7 years working with an Asset Management, Investment Advisor, or Private Fund firm, preferably within the compliance, legal or risk department;


• Strong competence and knowledge of federal securities laws applicable to investment advisers, specifically, the Investment Advisers Act of 1940;


• Substantial knowledge of derivatives instruments 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 impacting the asset management industry;


• Strong relationship management and ability to interface with senior management and business partners;


• Advanced educational degree a plus;


• Experience with BlackRock Aladdin is highly beneficial.

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.