Compliance - Newark (NJ), NJ | BL00010--FL-Virtual Office, FL | BL00015--IL-Virtual Office, IL | BL00040--PA-Virtual Office, PA | BL00029--NC-Virtual Office, NC | BL00004--AZ-Virtual Office, AZ | BL00045--TX-Virtual Office, TX | BL00007--CT-Virtual Office, CT | BL00025--MN-Virtual Office, MN | BL00005--CA-Virtual Office, CACompliance Manager, PIMS (Remote/Virtual)

Prudential Investment Management Services LLC (“PIMS”) is seeking an experienced team member to serve as Compliance Manager, initially reporting to PIMS’ Chief Compliance Officer, reporting lines may change in the future. PIMS is an SEC-registered broker-dealer and FINRA member firm, within Prudential Financial, Inc. PIMS serves as underwriter, wholesaler, placement agent, and retailer of investment products manufactured and sold by multiple Prudential businesses, including those of PGIM (Prudential’s global investment management business), Prudential Retirement and Group Insurance.    PIMS operates primarily as a distributor of mutual funds, ETFs, group variable products, commercial paper, private funds, and certain Retirement products through financial firm intermediaries, institutional and retail investors.

The Manager will support the PIMS CCO and team to transform and evolve the existing compliance program to broaden and bolster its strategic focus across the PIMS-related businesses, centralize oversight and governance of compliance risk for PIMS across the Prudential enterprise through the development of efficient, consistent and effective infrastructure. Infrastructure includes but is not limited to development of culture, awareness, policies, WSPs, training, monitoring and testing, reporting and metrics, maintenance of books and records and documentation.  

The role involves supporting strategic initiatives of the business as well as the larger corporate compliance mandates.   An important part of the role will be to develop and enhance the compliance program’s effectiveness in accordance with regulatory expectations and evolving best practices including establishing PIMS compliance culture and awareness across the enterprise. The Manager will work directly with both the PIMS CCO and other members of the Compliance teams and business professionals within Prudential who help support the PIMS Compliance Program.   

The Manager will be expected to provide guidance to the businesses on broker-dealer compliance matters, including guidance on solicitation and sales of products in scope for PIMS.  

Key Responsibilities:

• Support the broker-dealer CCO and team to design and implement an effective compliance program for PIMS to prevent, detect and mitigate violations of all applicable law, regulation, and Prudential policies;
• Quickly learn and understand complex business model, products and applicable regulations
  
• Help to build infrastructure to develop reporting and metrics, communicate with the firm’s associated persons, supervisors, track and administer policies, procedures, forensic testing and monitoring program, tracking and applying regulatory priorities, as well as industry best practices to broker-dealer activities (personal trading, OBAs, licensing and registration, conflicts of interest)
  
• Develop effective processes to gather, analyze and identify issues within the multiple businesses that utilize the broker-dealer including results from internal and/or external examinations
  
• Develop infrastructure to manage and facilitate efficient regulatory examinations and inquiries and assist to prepare responses to such requests
  
• Assist in conducting or administering testing across the business units and manage documentation
  
• Integrate industry benchmarking and best practices through ongoing research, education and industry affiliations
  
• Knowledge of the broker-dealer business from a risk, product, corporate governance, compliance, and administrative perspective
  
• Demonstrated understanding of the regulatory framework for the marketing and distribution of registered funds and other products (3c7, separate accounts, collective funds)
  
• Strong knowledge and understanding of FINRA and SEC rules and regulations (in areas including licensing, registration, sales practices, OBAs, personal trading) and other state and federal securities laws and rules applicable to broker-dealer operations, insurance and state regulations

• Bachelor's degree required
• Series 7 and 24 required or obtainable in 180 days
• Minimum of 7 years of legal and/or compliance or related experience, primarily broker-dealer related
• Openness to new ideas and seeks opportunities to learn quickly
• Ability to effectively challenge status quo and influence others to consider alternatives and look to gain consensus and alignment at all levels by being torchbearer for a cause
• Professional skepticism in assessing appropriateness, objectivity and independence
• Understand the business and risks, its complexities and challenges (now/future), marketplace and regulatory environment
• Leads organizational transformation in areas of effectiveness and improvement and being solutions-oriented
• Ability to think beyond a problem on its face and evaluate impact more broadly across the firm or enterprise
• Forward-looking and thinks beyond the problem in front of them
• Comfortable with ambiguity, uncertainty and has the dexterity to adjust as needed
• Seeks to understand customer’s needs and challenges (internal and external to the firm)
• Ability to appropriately apply regulatory and firm standards to all responsibilities
• Strong written and verbal communication skills and to interact and collaborate effectively with all levels of management and project management and documentation skills
• Attention to details and keen investigative skills
• Demonstrates commitment to uncompromised results even when presented with obstacles or organizational pressure
• Leverages critical thinking to assess situations from a risk-based approach to make decisions and take action
• Ability to interpret rules, analyze complex issues and risks, and explain in a cogent manner to business professionals; think critically and strategically while being able to perform tactical tasks
• Demonstrates a sense of urgency, speed, and efficiency
• Solutions-oriented approach to effectively evaluate issues, make sound decisions using good judgement, meet deadlines while balancing competing priorities
• A self-starter with a creative and strategic risk-based approach to problem solving and the ability to confront conflict and difficult issues in a professional, assertive and proactive manner
• Ability to effectively prioritize and multi-task while maintaining flexibility in a fast-paced changing environment