Compliance Analyst Job Listing at Prudential in Newark, NJ

Insurance, Finance

The Compliance Testing Unit (CTU) is a centralized shared compliance service established to support the Chief Compliance Officer of Prudential Financial, Inc. in assessing the effectiveness of the Company's Compliance Plan as well as the local chief compliance officers by testing the effectiveness of compliance related policies and procedures of regulated entities.  These regulated entities include registered investment companies, investment advisers and securities broker-dealers.  Working with compliance and legal officers, the compliance testing unit identifies the appropriate regulatory compliance needs, develops, and executes risk based testing protocols for compliance program testing rules.  In addition to executing risk-based testing, CTU reports on the findings to compliance and business unit management, and where appropriate, work with the local chief compliance officers and business unit management on potential enhancements to local policies and procedures.  In this position, the candidate will report to the Manager, Compliance and will be responsible assisting with the completion of the annual review of required policies and procedures to comply with applicable rules and regulations.
Responsibilities will include:

• Assist in planning inspections by assessing key risks pertinent to the business, gathering records and analyzing the information to identify control issues


• Execute the compliance inspection testing procedures.   This involves reviewing applicable policies and procedures, testing the adequacy of control systems, identifying the root cause of issues and presenting the testing results to business management as well as compliance.  


• Support business unit management by researching questions or handling compliance related issues as they arise and escalating when appropriate


• Work with management to ensure alignment of individual achievements, behaviors and actions with unit goals and objectives.


• Build relationships, both internally and externally, to leverage and review testing and results.


• Coordinate functional activities in support of unit testing activities

         3-5 years of compliance, audit, or other control function experience and/or relevant analytical skills
         BA/BS Degree Preferred
         FINRA Registrations (Series 6 or 7) is a plus

         Experience working with medium to large sized financial services firms with diverse business lines is preferred.
         Prior compliance testing experience preferred
         Highly developed written and oral communication skills.  Ability to communicate to all levels of the organization.
         Strong analytical, organizational and problem solving skills
         Expertise in Broker-Dealer, Investment Adviser and/or mutual fund/variable product rules and regulations
         Ability to work independently and manage multiple priorities
         Ability to assess compliance programs to validate the effectiveness of key controls and confirm that they are reasonably designed
         Ability to coordinate with other control functions, such as internal audit and risk management
         Overnight travel between Prudential offices may be required
 
*The position may be located in either Newark, NJ or Dresher, PA*