Legal - Newark, NJ Vice President, Corporate Counsel
About the position
PGIM, Inc. is looking for an experienced asset management and securities attorney to support PGIM Fixed Income (the public fixed income asset management unit within PGIM, Inc.) and Prudential Trust Company, a Pennsylvania trust company. PGIM Fixed Income is headquartered in Newark, New Jersey and has offices in London, Tokyo, Amsterdam and Singapore. PGIM Fixed Income has over $750 billion in assets under management (as of March 31, 2019)
The successful candidate will be based in Newark, New Jersey and join a team of 11 lawyers supporting PGIM Fixed Income and Prudential Trust Company.
Job responsibilities will include:
Drafting and negotiating investment management agreements, subscription agreements and other client agreements;
Providing advice regarding U.S. and state regulatory requirements applicable to investment advisers, private funds and collective and common trust funds;
Reviewing and assisting in the preparation of institutional marketing materials and responses to requests-for-proposals;
Drafting and reviewing regulatory disclosures and investment guidelines;
Providing advice with respect to operations and trading issues;
Providing advice with respect to the structuring, distribution and development of products and investment vehicles in the U.S. and outside the U.S.;
Advising Prudential Trust Company with respect to its collective and common trust funds;
Reviewing and negotiating vendor contracts;
Providing legal and regulatory advice to PGIM Fixed Income’s Compliance Department on compliance issues, regulatory developments and assisting in the development of policies and procedures;
Supporting initiatives of affiliated investment advisers and other affiliates; and
Actively participating in programs of Prudential’s Law, Compliance, Business Ethics and External Affairs Department.
- Minimum of 4 years significant and substantive legal experience of asset management matters, private funds and securities.
Sophisticated knowledge of the Investment Advisers Act of 1940 and U.S. securities laws.
Experience of ERISA issues related to managing plan assets.
Excellent judgment and the ability to give clear, independent and timely advice that is supportive of business objectives.
Flexibility and willingness to adapt to changing needs of the organization as well as the ability to juggle multiple priorities in a demanding environment.
Working knowledge or experience of the following is a plus:
Advising trust companies and collective and common trust funds.
Investment Company Act of 1940.
Registered and unregistered insurance company separate accounts.
Commodity Exchange Act.
Non-U.S. laws relating to funds, investment advisers and distribution (e.g., UCITS funds and related regulations).
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 firstname.lastname@example.org for more information about doing business with Prudential.