Vice President, Chief Compliance Officer Emerging Markets

Vice President, Chief Compliance Officer Emerging Markets-INT000IB

Description
Prudential Financial, Inc. is a leading U.S. based publicly traded global life insurance and diversified financial services corporation with a world class brand and balance sheet. The company’s highly profitable International Insurance Division operates across Asia, Europe, Africa, and Latin America. The company is committed to helping customers grow and protect their wealth through a variety of products and services including life insurance, annuities, investments and retirement-related services. The continued focus on and growth of the International Insurance Division is a key strategic priority for the corporation.

We are seeking a Vice President & Regional Compliance Officer for Prudential’s International Insurance division (PII), Emerging Markets. This position reports directly to Prudential’s International Insurance Chief Compliance Officer and oversees the Emerging Markets PII Compliance organization, which includes the Compliance Officers and teams supporting our Asia, Africa, and Latin America businesses, excluding Japan. This leadership role oversees all compliance activities performed by local (in-country) associates and provides direction for the delivery of compliance coverage in relation to key regulatory and compliance risks, such as consumer protection and sales practice risks, Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT), Anti-Bribery and Corruption (ABC), and Data Privacy.


The Emerging Markets PII Compliance team is responsible for managing and continuing to improve the compliance risk management programs, reporting to relevant governance committees and/or senior management, designing and executing risk mitigation strategies, and managing relevant regulatory exams and interactions.


Responsibilities include:

  • Serve as a member of the senior PII Compliance Leadership team developing, supporting and driving Compliance strategy and strategic priorities for PII.
  • Develop a comprehensive compliance strategy to create a best in class compliance risk program for the Emerging Markets businesses.
  • Drive alignment and consistencies across the Emerging Markets Compliance Programs
  • Develop and drive Compliance Programs implementing, where practical, global best practices with a focus on the local experience in partnership with local in-country Compliance teams, Operations, Technology and other key partners
  • Partner with local compliance and business operations to assess, develop and implement enhanced controls and processes, including implementation of risk assessments and monitoring programs
  • Ensuring strong succession and a deep pipeline of regional Compliance talent
  • Coordinate closely with the functional and business partners regarding regional initiatives
  • Establish and maintain strong relationships with business and other Compliance partners as well as Legal, Risk, HR, Finance and other colleagues.
  • Prepare management reporting on Program issues and trends for Compliance management meetings, Control Forums and other governance meetings
  • Assisting with strategic and tactical Compliance special projects and presentations
  • The oversight of compliance program development and implementation in new operations in emerging markets.

Qualifications
The successful candidate will have a minimum of 10 years of Compliance (or related) leadership experience. Both life insurance industry and international experience are preferred. The successful candidate may come from another segment of diversified financial services or another control discipline (legal, regulatory, audit or risk). The successful candidate will bring technical compliance expertise with superior knowledge, skills and experience in regulatory related matters as well as the “intercultural agility” to work within multiple and diverse countries and cultures. Additional specific requirements include:
  • Bachelor’s degree or equivalent experience required, and JD, MBA or advanced degree preferred
  • Proven analytical, planning, problem solving, and decision-making skills
  • Excellent verbal and written communication and interpersonal skills (including cultural awareness) to interact and quickly gain credibility and build collaborative working relationships across multiple geographic regions
  • Ability to lead and influence global teams, working across cultures with agility
  • Demonstrated ability to develop relationships and collaborate with individuals across businesses and control functions
  • Highly organized and strong project management skills
  • Ability to prioritize work and effectively manage time
  • Work independently and as a team member
  • Creativity, flexible and positive mindset, and ability to lead and drive change
  • Continuous improvement and global business mindset
  • Proficient in MS Office (Outlook/Word/Excel/Access/PowerPoint)
  • The executive should expect to travel 25-30%, mostly within the Emerging Markets region.
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. For more information please visit www.prudential.com.

Prudential is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.
Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.
Job Function Compliance
Primary Location United States-New Jersey-Newark (NJ)
Schedule Full-time
Travel Yes, 25 % of the Time
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