VP Compliance, Head of Financial Crimes

  • Newark, NJ

Compensation

: $145,035.00 - $170,550.00 /year *

Employment Type

: Full-Time

Industry

: Executive Management



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Job Description - VP Compliance, Head of Financial Crimes (COR000SG) VP Compliance, Head of Financial Crimes-COR000SG Description The head of Financial Crimes is a new position in Prudential Financial. This position is responsible for developing a new Enterprise Financial Crimes Framework as well as managing global enterprise programs related to: Anti-money laundering Sanctions Anti- Bribery/Anti-Corruption (ABC), including FCPA, Gifts and Entertainment, and Political Law Compliance The position will lead a team of 19 staff (including 8 staff who oversee the centralized AML, Sanctions and ABC functions for U.S. businesses) and report to the Head of Corporate Compliance. Primary Responsibilities Build and manage an enterprise Financial Crimes compliance risk management framework, in coordination with other constituents -- Information Security, Privacy, Fraud and Regulatory Law Manage global risk-based Financial Crimes programs (AML, Sanctions, ABC), including written program Standards, in consultation with Chief Compliance Officers and other constituents Maintain enterprise transparency on AML, ABC, and Sanctions risk and drive mitigation of high-risk activities Ensure the Prudential response to Financial Crimes is proactive, risk-based, and ensures the ongoing protection of the brand Act as global thought leader in Financial Crimes space Provide strategic direction and advice to businesses and corporate functions regarding Financial Crimes programs and matters Perform global oversight and monitoring, including issues identification/management, escalation and reporting protocols at a functional (e.g., Chief Ethics and Compliance Officer) and enterprise level, and methods to ensure adherence to program requirements Execute programs and approaches to ensure the quality and effectiveness of global Financial Crimes programs Provide on-going training to Compliance staff and business personnel Lead enterprise level committees related to Financial Crimes (AML/Sanctions and Anti-Bribery/Anti-Corruption) Keep abreast of changes in laws/regulations and other environmental changes Interact with regulators and other external parties Oversee the centralized AML, Sanctions and ABC functions for U.S. businesses (8 staff) Develop and sustain high performing teams Qualifications Qualifications Practical experience working in Financial Crimes at a senior level (8+ years) Experience developing and implementing global programs related to Financial Crimes Experience working in a global organization and across organizational boundaries Solid understanding of AML, Sanctions and Anti-Bribery/Anti-Corruption Strong understanding of regulatory frameworks and regimes Experience with regulators and interacting with senior levels of management, including Board level committees Bachelors degree required; Masters or JD degree preferred Personal Attributes The head of Financial Crimes will be a highly visible executive and must possess the following personal characteristics and attributes: Understands the importance and value of collaboration to achieve objectives Ability to develop strong and productive working relationships Develops points of view and is able to effectively articulate and advocate for them Is open minded and willingly accepts new or additional information to inform decision-making; is not rigid or inflexible Is willing to face difficult issues head on; is not intimidated in the face of adversity Has a desire to learn or know more; is proactive; is intellectually curious Helps find solutions to problems Has strong analytical skills; able to see patterns and apply learnings Is motivated to deliver on results and meet commitments Can effectively set objectives and balance competing priorities Strong demonstration of people leadership A practical problem-solverSalary Range: NAMinimum Qualification8 - 10 years
Associated topics: associate director, chief investment officer, finance director, financial director, manage, operational manager, organizational culture, president finance, senior director, supply

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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