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VP, Corporate Counsel

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Company: Prudential

Location: Newark, NJ

Date Posted: January 2, 2014

Source: Prudential

Prudential Investments ("PI"), the investment adviser to the Prudential mutual funds, is seeking an experienced, proactive business attorney to provide legal and regulatory support for the mutual funds advised by PI. A primary responsibility will be to support the mutual funds sold to insurance company separate accounts for variable annuity and variable life insurance products. The attorney should have a background working with high level executives and officers of a financial services company. This position is ideally based in Newark, with the possibility of being in Shelton, Connecticut for the right candidate. There will be occasional travel to both offices.

* Candidate must have seven (7) to ten (10) years experience in a law firm and/or in-house legal department, and must be prepared to work in a collaborative and demanding environment
* Candidate must have extensive and substantial experience with the Investment Company Act of 1940. Knowledge of insurance products and ...

Prudential Investments ("PI"), the investment adviser to the Prudential mutual funds, is seeking an experienced, proactive business attorney to provide legal and regulatory support for the mutual funds advised by PI. A primary responsibility will be to support the mutual funds sold to insurance company separate accounts for variable annuity and variable life insurance products. The attorney should have a background working with high level executives and officers of a financial services company. This position is ideally based in Newark, with the possibility of being in Shelton, Connecticut for the right candidate. There will be occasional travel to both offices.

* Candidate must have seven (7) to ten (10) years experience in a law firm and/or in-house legal department, and must be prepared to work in a collaborative and demanding environment
* Candidate must have extensive and substantial experience with the Investment Company Act of 1940. Knowledge of insurance products and their regulatory requirements is helpful but not required.
* Provide legal advice to internal business clients on investment company, investment advisory and regulatory issues in developing new funds and supporting existing funds, including funds that are underlying investment options for insurance products
* Draft and prepare mutual fund Board materials and attend and be a participant at fund Board meetings
* Draft and prepare documents for registration and regulatory compliance for mutual funds; liaison with outside counsel and internal mutual fund administration team; be responsible for SEC filings, including interacting with the SEC staff
* Keep abreast of new laws and regulatory developments; draft update memos for Law Department and business clients
* Provide legal support for responses to regulatory inquiries
* Coordinate with Compliance Department to develop standard operating procedures to implement advice on regulatory issues for the funds and investment advisers
* Review and draft sales literature for the mutual funds; coordinate with Marketing and Compliance Departments to address any FINRA comments
* Negotiate third-party agreements for the funds
* Review derivative agreements including collateral control agreement
* Provide legal support for responses to requests-for-proposal and due diligence requests
* Candidate must have a J.D. degree, be admitted to practice law in New Jersey (or must be obtained within 12 months) or obtain the New Jersey In-House Counsel License within 18 months and obtain the Connecticut In-House Counsel License within 18 months.

Qualifications

Competencies Essential for Success

The position requires a candidate who is a self-starter and who can function independently. Essential competencies include:

* Excellent judgment and the ability to give clear and timely legal advice that is supportive of business objectives
* Conceptual thinking, analytical ability, and creative problem solving skills
* Strong written and oral communication skills
* Flexibility and a willingness to adapt to fast-paced, changing needs of the organization and business clients
* Strong work ethic, and high professional and ethical standards
* Ability to work well an environment where coordination and teamwork with legal and business associates is a top priority

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential and its affiliates, Newark, New Jersey are Equal Opportunity/Affirmative Action Employers and are committed to diversity in our workforce.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

Job Function
Investment Law

Primary Location
United States-New Jersey-Newark

Schedule
Full-time

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