Chief Compliance Offer, PGIM Investments, VP Compliance
Company: Prudential Financial, Inc.
Location: Newark
Posted on: June 24, 2022
Job Description:
Job Classification:Corporate - Legal and CompliancePGIM, the
global investment management business of Prudential Financial,
Inc., is seeking an experienced Chief Compliance Officer for its
global fund manufacturing and distribution business, PGIM
Investments. With over $1.5 trillion in assets under management,
PGIM is one of the world's leading asset managers and provides its
clients with risk management expertise, intellectual capital and
creative solutions to realize their investment objectives.PGIM is
comprised of autonomous asset management businesses (affiliates,
each specializing in a particular asset class or client channel,
including Jennison Associates, PGIM Fixed Income, PGIM Private
Capital, PGIM Real Estate, PGIM Quantitative Solutions, and PGIM
Investments.The PGIM Investments business offers a diversified
suite of actively managed funds, manufactured by other PGIM
affiliates, across a broad spectrum of asset classes and investment
styles on behalf of wholesale clients. PGIM Investments operates
globally with businesses and teams in the United States, England,
Germany, The Netherlands, Switzerland, Italy, Taiwan, China, Hong
Kong, India, and Singapore.The CCO will lead global compliance
across all of PGIM Investment's businesses in the United States,
Europe, and Asia. In the United States, PGIM Investments operates
mutual funds, separately managed accounts, and investment models
businesses. In Europe, PGIM Investments operates UCITS and QIF
businesses. In Asia, PGIM Investments operates mutual fund business
through joint ventures and wholly owned entities in China, Taiwan,
and India. The position will involve exposure to a broad set of
asset classes and product types in highly regulated businesses.This
position would supervise approximately 30 with several senior
direct reports. Reporting into this role would be: the U.S mutual
fund CCO and staff; U.S. distribution compliance head; the European
UCITS head of compliance and staff; and the CCOs for each Asian
business. The CCO will develop staff and drive the overall
compliance program through leaders in each location.This position
would report to PGIM's Global Head of Compliance in Newark.The
position can be located in the greater New York City area or in
London, United Kingdom. The position will require occasional travel
to Prudential and PGIM offices as necessary to effectuate the
compliance program.This is a high-profile position within the firm
and will be at the center of cross-business initiatives. This
position has significant exposure to a broad set of public and
private asset classes, including fundamental equity, quantitative
equity, public fixed income, private credit, real estate, and
futures. The CCO will work with each of the PGIM asset managers to
develop new products and manage investment strategies.The position
will also involve global distribution, regulatory, and investment
issues. The position requires strong leadership and collaboration
skills, critical thinking skills, and communication skills.The CCO
will integrate Prudential's global compliance programs and
technologies into the new business and work in collaboration with
the PGIM Compliance Department.Qualified applicants will be
experienced in building and managing comprehensive compliance
programs with robust testing and reporting. Qualified candidates
will also be technically proficient with identifying and resolving
conflicts of interest and challenging investment advisory issues as
they arise.The successful candidate will: (1) foster a culture of
accountability, communication, and collaboration; (2) attract,
develop, and engage a diverse team of global talent; (3) use data
and technology to gain valuable insights and take intelligent
risks; and (4) execute their responsibilities with discipline,
efficiency, agility, and integrity.Primary responsibilities
include:
- Establishing and leading the execution of overall strategy for
PGIM Investments compliance globally.
- Leading several teams in different locations.
- Achieving results through leadership of teams.
- Developing and managing a deep pipeline of talent.
- Driving regulatory change through organization.
- Implementing global technology solutions in various
regions.
- Aligning cultures and setting expectations for a diverse
organization.
- Play a key role in developing and maintaining a culture of
compliance.
- Independently monitoring, testing, and assessing the adequacy
of the company's First Line controls to help mitigate compliance
risks within the business, and track and help ensure the adequacy
of any remediation of control weaknesses.
- Advising on the establishment of policies and procedures for
compliance, in consultation with management.
- Training and guidance to businesses and staff relating to
compliance risks, with a focus on key legal and regulatory
requirements and associated Prudential/PGIM compliance
programs.
- Advisory guidance on business processes and activities with
meaningful compliance risk.
- Creating compliance and ethics standards and frameworks to
enable proactive compliance risk prevention and detection.
- Taking a risk- based approach, assessing, monitoring, and
testing design and operating effectiveness of First Line controls
to help mitigate compliance risk and reporting results and their
impact on residual risk.
- Advising on and supporting the development of First Line of
defense action plans to help mitigate compliance risks, including
the institution of any disciplinary processes
- Regulatory response support and guidance.
- Overseeing regulatory registrations and filings.
- Representing the firm in due diligence meetings with
clients.
- Reporting and escalation of compliance and ethics matters;
and
- Helping to create a safe environment for employees to raise and
escalate issues through ethics hotlines, websites, ethics
department and/or through management.Position Qualifications
- Strong knowledge of global markets and regulatory issues.
- Outstanding leadership and communication skills.
- Capacity to act as the external face of the organization with
regulators.
- Highest standards of professional and personal integrity,
combined with the sound judgment, maturity, perseverance, and
resilience of an effective leader.
- Ability to create strategy and implement tactically, able to
get into detail when necessary combined with tenacious
action-oriented follow through.
- Highly interactive, visible, positive and with an open style of
managing and motivating people.
- Ability to respond quickly to the needs and suggestions of
senior management regionally and globally. Predisposition to
innovate and challenge conventional wisdom.
- 15+ years of asset management and distribution compliance
program experience, including risk assessments and
self-examinations.
- Experience managing regulatory examinations.
- Experience with rules and regulations promulgated by the SEC,
Central Bank of Ireland, European Securities and Markets Authority,
Commodities and Futures Trading Commission, Financial Industry
Regulatory Authority, National Futures Association, Securities and
Exchange Board of India, and other Asian regulators.
- Experience supporting model management and multi-asset
solutions.
- Development and implementation of technology solutions to
strengthen controls.
- Ability to work independently with senior business
management.
- Evidenced senior level presentation skills.
- Strong written and verbal communication skills.
- Excellent time management skills with attention to detail.
- Strong interpersonal skills: ability to effectively negotiate
with personnel at all levels.
- Demonstrated ability to manage conflicting priorities with
varying deadlines.
- Bachelor's degree
- Law degree is a plus.
- Professional designation (such as a CFA) is a plus.
- FINRA Series 7 and 24 licenses are a plus.-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 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 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 email
.Please note that the above email is solely for individuals with
disabilities requesting an accommodation. If you are experiencing a
technical issue with your application or an assessment, please
email to request assistance.
Keywords: Prudential Financial, Inc., Newark , Chief Compliance Offer, PGIM Investments, VP Compliance, Executive , Newark, California
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