Job Classification:
Corporate - Legal and Compliance
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading financial services institutions!
Are you a compliance professional with regulatory knowledge that enjoys working collaboratively?
PGIM Investments LLC (PI) Compliance is seeking an Analyst to be located in Newark, NJ to join its regulatory due diligence team. PI is an investment manager to the mutual fund complex within Prudential Financial, Inc. with over $250 billion in AUM. As part of its business, PI oversees a large number of affiliated and unaffiliated sub-advisers. The due diligence team provides compliance oversight of sub-advisers to the mutual funds, closed-end funds, and ETFs managed by PI. To facilitate this, the due diligence team performs regulatory due diligence reviews to evaluate the effectiveness of each sub-advisers compliance program.
The due diligence team monitors and reports to the mutual fund Boards on the sub-advisers ongoing compliance with Fund policies and procedures. The team is also responsible for assessing the compliance programs of certain key service providers. In addition, the team serves a center of excellence for third-party adviser due diligence throughout the Prudential organization.
It is anticipated that the Analyst will perform due diligence on the sub-advisers and key service providers, including initial, annual, and ad hoc reviews through a combination of virtual and on-site visits (as practicable), conference calls, and reviews of written questionnaires. The Analyst will prepare detailed reports of the diligence for recordkeeping and reporting to Fund Boards and management.
PI is the manager and/or co-manager to three fund complexes: the PGIM Retail Funds, Prudential Insurance Funds and PGIM Alternative Funds (collectively PGIM Funds or Funds). The PGIM Retail Funds include several open-end funds, ETFs, and closed end funds. The Prudential Insurance Funds consist of open-end funds that serve as underlying investment options for Prudentials variable annuities business, group insurance business, individual life insurance business, and retirement business. The PGIM Alternative Funds include several funds that invest in private debt and private real estate. The PGIM Retail Funds, Prudential Insurance Funds and PGIM Alternative Funds are overseen by separate boards of directors/trustees (Boards).
The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.
What you can expect:
Review policies and procedures, RFPs, answers to compliance questionnaires, third party evaluations, and relevant regulatory developments prior to meeting with sub-adviser
Conduct virtual and, on-site examinations of the sub-advisers
Document findings and observations
Report findings to senior Compliance management
Draft related Board reporting
Facilitate implementation of innovative technologies and processes
Provide support for various ad hoc projects
Participate in forensic testing initiatives
What youll need:
Bachelor's degree required
1-3 years experience at a registered investment adviser or mutual fund
Regulatory background in compliance, legal, audit or risk management
Solid understanding of the Investment Company Act of 1940 and Investment Advisers Act of 1940
Itd be a plus if you had:
Willingness to travel
Knowledge of cybersecurity regulatory guidance applicable to investment advisers a plus;
Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
At Prudential, you can:
Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.
Were a global organization, full of outstandingly dedicated people who arent afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
What we offer you:
Market competitive base salaries, with a yearly bonus potential at every level
Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave
Retirement plans:
401(k) plan with company match (up to 4%)
Company-funded pension plan
Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of...

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