Compliance - Hartford, CT Vice President Compliance - CCO Retirement
About the position
Vice President & Chief Compliance Officer, Prudential Retirement
Prudential Retirement, is a business of Prudential Financial, Inc., providing defined contribution (401k), defined benefit, non-qualified and other retirement plans. In addition to recordkeeping and administrative services, Prudential Retirement manufactures and distributes investment products including proprietary investment and income solutions, third party mutual funds and stable value options to these plans and to third-party platforms. Prudential Retirement is an innovative leader in pension risk transfer and longevity reinsurance solutions. A direct IRA roll-over desk for plan participants following retirement or separation from a plan is also available.
Prudential Retirement's headquarters is in Hartford, CT, with major locations in Newark, NJ, and Dubuque, IA.
Prudential Retirement is looking for a Chief Compliance Officer. The successful candidate will be responsible for the Retirement Compliance Program and will be expected to lead and continuously develop a seasoned compliance team. This will include providing on-going compliance support and advice for the day-to-day retirement plan and investment product business activities as well as active participation in evaluating a wide range of new service and product initiatives.
The role has responsibility for compliance monitoring, support of marketing activities, compliance training, and implementing new policies and procedures. The candidate will also be expected to play a leadership role within the broader Retirement and Compliance industry to include participation in industry associations, shaping compliance best practices and educating industry personnel and regulators.
The incumbent will play a key management role as a member of the Retirement business unit’s Senior Leadership Team as well as assist Compliance management in Prudential Enterprise-wide initiatives within Prudential’s Law, Compliance, Business Ethics and External Affairs (LCBE) organization. The incumbent will also lead efforts to develop the talent, quality and capability of the Compliance staff in their organization.
This position is based in Hartford, CT.
- Promote, protect and set the tone to reflect the Company's reputation for ethics, integrity and honesty in all dealings.
- Work with all levels of business management to ensure that appropriate regulatory processes and controls are established and documented.
- Monitor the effectiveness of established compliance processes and controls and recommend and implement enhancements.
- Assist management with identifying and resolving regulatory issues both within Prudential Retirement and across other Prudential business units.
- Coordinate, with business unit management, regulatory exams and inquiries.
- Provide Compliance support for new product and business initiatives.
- Identify, develop, organize, and deliver necessary compliance related training.
- Establish and maintain industry and regulatory interactions in an effort to advance and shape regulatory expectations and industry related compliance activities.
- Partner with the Law Department to analyze changes to regulatory requirements and proactively manage regulatory developments and changes.
- Partner with the business and other control organizations, such as Risk Management and Internal Audit, to evaluate operating and regulatory risks and address as necessary.
Communicate regularly with Compliance and business management to ensure adequate awareness throughout the organization on items of significance
- Bachelor's degree, advanced degree a plus.
- Strong leadership qualities including supervision of a team.
- Ten plus years of relevant business experience, preferably in a Compliance, Risk Management, Audit or Operations function, a regulatory agency or an in-house legal area.
- Experience in a business environment involving institutional sales activity, financial intermediaries as well as sales/service to retail clients.
- Ideal candidate will have some experience working with 401k and other retirement plans, including product, distribution and operations aspects of the business. For example, this experience might include things such as:
- Exposure to DC/DB recordkeeping systems such as Sunguard Omni,
- Knowledge of roles/duties of plan sponsors and other market participants
- Experience working with a company regulated by the Federal Reserve desirable.
- Experience navigating the complexities of a large financial services organization with multiple business units a plus.
- Expertise in compliance program implementation and testing methodologies.
- Proven communication, analytical and project management skills.
- Strong relationship management and leadership skills are desired including experience and ability dealing with senior management.
- Ability to reach sound judgments and act quickly under tight deadlines.
- Knowledge of regulations impacting retirement plans including ERISA, DOL regulations, and relevant securities regulations including the ‘33 and ’34 Acts and investment advisory regulations such as the ’40 Act. Experience with FINRA regulation and state insurance laws is also a plus.
- Series 7 & 24 licenses are required
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.