Prudential

Director Compliance PGIM Fixed Income

3+ months agoNewark, NJ



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