Compliance Analyst Job Listing at Prudential in newark, NJ

Insurance, Finance

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 $335 billion in client assets, as of December 31, 2011, spread over 400+ 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 portfolio investment guidelines
 Researching potential violations of regulations, policies, and procedures, and reporting to management as appropriate
 Preparing client certifications and Board Reports as required
 Supporting our automated portfolio compliance system
 Responding to ad hoc requests regarding trading and fund information
 Document production in connection with regulatory exams, inquiries and audits

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:

• 2-3 years Compliance, Risk, Audit,  Investment Operations, or other relevant experience
• Knowledge of fixed income instruments, financial markets or a compliance background is highly beneficial
• Bachelor's degree is preferred; advanced educational degree a plus
• 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 and ERISA 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