VP, Compliance Job Listing at Prudential in Newark, NJ

Insurance, Finance

Pruco Securities, LLC (Pruco), a subsidiary of The Prudential Insurance Company of America
operates as a broker dealer and investment adviser. The company offers life insurance and variable annuity products, mutual funds, and securities brokerage accounts.
 
Agency Distribution (AD) is Prudential's nationwide sales organization, which retails our securities, insurance and selected non proprietary products. Our field force comprises approximately 2,600 financial professionals (formerly known as agents) and 330 field managers. We have representation in 49 of the 50 states (excluding Alaska).
 
Four territories form 50 parent agencies and approximately 67 detached agency offices. Many of our financial professionals (about 50 percent) are located in private offices throughout the United States.
 
The incumbent will play a key management and tactical role within Pruco and AD. The incumbent will, on occasion, assist Compliance management in broad initiatives within the LCBE (Law, Compliance, Business Ethics and External Affairs) organization. 
 
The incumbent will also be expected to play a leadership role within the broader securities and retail insurance distribution industry to include among other things, participation in industry associations, shaping compliance best practices and educating industry personnel and regulators.  The position will lead a team of Compliance professionals located in our Newark, Main Office together with a critical presence in our Ft. Washington, Jacksonville and Minneapolis offices.
 
Dedicated staff are responsible for: BD/RIA Form BD/ADV registration and disclosure functions; sales practices and business unit policy development; FINRA, state insurance department advertising filing; and, our Pruco branch office examination program.
 
Principal Responsibilities
 

• Promote, protect and set the tone to reflect the Company's reputation for ethics, integrity and honesty in all dealings.


• Work with all levels of management, up to and including senior management of Pruco/AD to ensure that appropriate regulatory processes and controls are established and documented within the areas of responsibility.


• Monitor the effectiveness of established compliance processes and controls and recommend and implement enhancements.


• Assist management with identifying and resolving regulatory issues both within the Pruco/AD business units as well as across multiple business units.


• Assist regulators, auditors and business unit management with regulatory exams and inquiries.


• Provide Compliance support for new product and business initiatives.


• Identify, develop, organize, and deliver necessary compliance related training, and reinforce all compliance-related communications.


• Establish and maintain industry and regulatory interactions in an effort to advance and shape regulatory expectations and industry related compliance activities.


• Partner with our centralized transaction and sales practice review  and internal audit units


• Partner with the law department to analyze changes to regulatory requirements and proactively manage regulatory developments and changes.


• Partner with the Risk Management organization and the business in general to address necessary compliance related changes.


• Communicate regularly with Compliance and Pruco/AD management to ensure adequate awareness throughout the organization on items of significance.

• Bachelor's or advanced degree a plus
• Strong Leadership qualities
• Ten plus years of combined Compliance or Regulatory experience.
• Strong business related experience, primarily related to retail insurance and securities distribution, including distribution through third parties as well as through affiliated broker-dealers will also be considered
• Proven communication, analytical and project management skills
• Strong relationship management and leadership skills are desired including experience and ability in dealing with senior management
• Ability to reach sound judgments and act quickly under tight deadlines
• Experience in staff management including training and development of talent
• Working knowledge of the regulations directly impacting broker-dealer activities including relevant securities regulations: FINRA Rules, provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934, as well as the Investment Advisers Act of 1940, the Investment Company Act of 1940 and ERISA; together with state insurance laws and NAIC Model Regulations; Life Insurance.
• FINRA registration Series 6 and 26 or 7 and 24 are required.