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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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