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Compliance - Newark (NJ), NJ Director Compliance PGIM Fixed Income

About the position

PGIM Fixed Income, a division of PGIM Inc., an SEC-registered investment adviser, Commodity Trade Adviser and business unit of Prudential Financial, is seeking a Compliance Director with expertise in Fixed Income and related investment advisory and investment company regulation to assist the Fixed Income Compliance Team in overseeing a full range of regulatory matters that arise in connection with our Fixed Income asset management activities. PGIM Fixed Income has over $920 billion in assets under management as of June 30, 2020, with a broad array of fixed income strategies and client types including institutional separate accounts, sub-advised mutual funds, CLOs, offshore and onshore commingled and separate client accounts.

PGIM Fixed Income has a strong commitment to its customers, including mutual fund investors, corporations, public retirement funds, Taft-Hartley plans, sovereign wealth funds, insurance companies, foundations, and endowments. Qualified candidates will be expected to be knowledgeable about applicable CFTC and/or SEC regulations and building compliance processes and associated policies and procedures necessary to support a compliance program.

Principal Responsibilities:

  • Promote Prudential's reputation for ethics and integrity.

  • Address regulatory compliance issues relating to Fixed Income fund investment and product development, including private fund regulation and related compliance issues

  • Review and advise the regulatory filing process

  • Conduct compliance risk assessments

  • Execute and manage team projects

  • Participate in new product development and product launches;

  • Monitor and advise on new Regulations and related policy and compliance activity,

  • Partner with the business to draft, update and implement new Fixed Income policies, procedures and processes,

  • Work with the regulatory team to manage internal and regulatory audits for Fixed Income investment adviser

  • Establish regulatory processes and controls and recommend and implement enhancements based on new business initiatives


Qualifications

Qualifications:

  • Ten plus years of asset management compliance experience, with demonstrated expertise in Fixed Income products, markets, strategies and the laws and rules applicable to Fixed Income Portfolio Management

  • Working knowledge of the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, the Securities Act of 1933 and Securities Exchange Act of 1934

  • Substantial experience with regulatory and investment issues facing financial institutions

  • Senior level communication skills

  • Experience with Fixed Income markets

  • Confident self-starter with demonstrated ability to manage conflicting priorities with varying deadlines

  • Experience in managing complex regulatory filings and communications

  • Experienced with rules, regulations and policy issues of the CFTC, NFA and FINRA relating to Fixed Income Investment Management

  • Insurance or trust bank experience useful

  • JD and/or CFA a plus

  • Openness to new ideas and seeks opportunities to learn

  • Professional skepticism in assessing appropriateness, objectivity and independence

  • Understand key business risks, marketplace and regulatory environment

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 staffingagencies@prudential.com for more information about doing business with Prudential.

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