Compliance Analyst - PIM

Prudential Financial, Inc.

 

Prudential Investment Management (PIM) Compliance seeks a Compliance Analyst to support PIM's Public Fixed Income unit in Newark, NJ.  Prudential Fixed Income manages approximately $400 billion in client assets, as of December 31, 2013 spread over 500+ distinct portfolios and ranks as one of the largest managers of publicly traded bond assets in the United States.  Prudential Fixed Income is a division of Prudential Investment Management Inc., an SEC-registered investment adviser to institutional and retail clients through its specialized asset management units.

 

The Compliance Analyst will be part of the team responsible for ensuring that all portfolios managed by the Fixed Income unit are in compliance with applicable regulatory and contractual requirements. The scope and responsibilities of this position will not be static.  As the business needs and compliance objectives change over time, the responsibilities of this position will be expected to evolve in order to meet the changing deliverables of the department.

 

Responsibilities include the following:

·        Monitoring automated fixed income portfolio investment guidelines on a daily basis using both a front-end and post-trade compliance system. As well as manual guidelines on a pre-defined basis.

·        Researching potential violations of client guidelines, regulatory rules, policies & procedures and reporting to management as appropriate

·        Preparing client certifications and Board Reports as required

·        Review new client guidelines and changes to existing client guidelines

·        Responding to ad hoc requests regarding trading and fund information 

·        Document production in connection with regulatory exams, inquiries and audits

·        Work on various projects as needed

 

 

This is a challenging, fast-paced, and deadline-driven position, requiring excellent communication, interpersonal and time management skills. The individual needs to take initiative to research and resolve compliance issues that arise.  Qualifications include:

• 3-4 years  Asset Management Compliance, in particular experience with fixed income guideline surveillance preferred
• Good knowledge of fixed income instruments (including derivatives), financial markets or a Investment Advisory compliance background is highly beneficial
• Proficiency in BRS Aladdin Compliance and Trading system helpful
• Familiarity of federal securities laws applicable to investment advisers, including the Investment Company Act of 1940 and the Investment Advisers Act of 1940
• Experience with other rules and regulations under the Securities Act of 1933, ERISA, UCITS and Dodd-Frank a plus
• Strong written and verbal communication skills
• Excellent time management and organizational skills, with attention to detail
• Strong information gathering skills with the ability to analyze and draw conclusions from the information gathered
• Ability to interface with senior management and business partners
• Excellent skills using MS software, especially Excel

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 and all qualified applicants will receive consideration for employment without regard to race, color, sex, disability status, protected 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 staffingagencies@prudential.com for more information about doing business with Prudential.

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