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PGIM, Inc. (“PGIM”) is currently seeking a Director of Compliance to support the PGIM Real Estate business of its Private Alternatives platform in Newark, NJ. PGIM is the asset management business of Prudential Financial, Inc. and manages $1.3 trillion in client assets, as of March 31, 2024, across multiple strategies. The PGIM Private Alternatives businesses include PGIM Real Estate, PGIM Private Capital and Montana Capital Partners.
The position provides direct, day-to-day compliance support to PGIM Real Estate. The ideal person will be knowledgeable in alternative asset classes including agriculture, commercial and housing real estate, private funds and investment advisory issues to assist its Chief Compliance Officer in overseeing a full range of compliance matters, which include:
Promoting, protecting and setting the tone to reflect the firm’s reputation for ethics, integrity and honesty in all dealings.
Work with all levels of management to establish and document appropriate regulatory processes and controls.
Assist regulatory, auditors and business unit management with regulatory issues, exams and inquiries.
The current employee work arrangement 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:
- Develop and effectively administer a compliance monitoring program including, but not limited to, portfolio reviews, anti-money laundering, client documentation, gifts and entertainment, FCPA/Anti-bribery, new account reviews, conflict mitigation, etc.
- Work closely with our third-party consultants to drive compliance testing and reporting to satisfy regulatory and internal requirements.
- Manage broker-dealer related matters working with the sales team & Prudential’s broker-dealer affiliate.
- Assist with matters such as new product development, risk governance committees, compliance metrics; and act in the support of matters involving the non-Americas businesses where necessary.
- Develop and foster relationships across PGIM Private Alternatives management.
- Manage regulatory filings, including Form ADV & Form PF.
- Organize and deliver consistent compliance related training and reinforce all compliance-related communications.
- Assist in coordinating global compliance activity across the various PGIM Private Alternatives offices.
What you’ll need:
- Bachelor’s degree.
- 7+ years of compliance experience, primarily in an asset management organization.
- Private and public real estate experience across agriculture, commercial and housing is highly preferred, and/or experience in other alternative asset classes, private debt/equity, secondary markets, private funds, etc.
- Experience with US Housing Agencies policies and programs.
- Experience with Anti-Money Laundering, Bank Secrecy Act, USA PATRIOT Act requirements and/or analogous non-US regimes.
- Ability to work with team members and business constituents from afar.
- Proven communication, analytical and project management skills.
- Strong relationship management and leadership skills are desired, including experience in dealing with senior management.
- Ability to reach sound judgments and act quickly under tight deadlines.
- Knowledge of the following regulations desired:
- Investment Advisers Act of 1940 (“Advisers Act”) the Rules under the Advisers Act; the Securities Act of 1933; and the Securities Exchange Act of 1934
- FINRA Conduct Rules
- Experience reviewing marketing material.
- Excellent presentation, oral and written communication skills.
- Excellent judgment and ability to handle highly confidential business matters in a fair and consistent manner.
- Strong analytical, organizational, project management and problem solving skills.
- Highly motivated and able to work independently.
- Excellent organizational and time management skills.
- Candidates must be able to work independently and possess a high level of integrity.
It’d be a plus if you had:
- Private fund/private placement experience.
- Experience with retail products, specifically with respect to mutual funds/registered investment companies.
- ERISA knowledge.
- Advanced degree.
Source: PGIM Real Estate Career Page
