JENNISON ASSOCIATES LLC
Investment Advisory Compliance
JENNISON ASSOCIATES LLC, New York, NY
Job Title
Investment Adviser Compliance
Who We Are
Jennison Associates is a global investment management firm with over $200 billion in Assets under Management spanning across a range of various equity and fixed income investment strategies. Jennison was founded in 1969 on the principle that doing what's best for clients will always be right for the business. Grounded in our firm values of integrity, collaboration and client focus, the mission across all areas of our firm is to deliver superior long-term investment returns and excellence in client service. This singular focus is embedded in our culture and reflected in the way we invest, the service we provide to our clients, and the people we hire. We recognize that each employee plays a key part in achieving our mission, regardless of their role or title. As a result, we continually strive to make Jennison a fulfilling and rewarding place to work for all employees.
Our Function
As part of Jennison's Investment Advisory Compliance Group, this position will support Jennison's compliance program regarding its regulatory, contractual, and compliance requirements associated with its activities as a registered investment adviser. This role will be responsible for oversight of various compliance functions, including providing support and training to staff responsible for administration of employee conduct polices, regulatory filings and Jennison's compliance training program. An important part of the role will be to develop and enhance the compliance program's effectiveness in accordance with regulatory expectations and evolving best practices. Additional responsibilities include administration of Jennison's compliance risk monitoring program, maintenance of policies and procedures, facilitation of internal and external audits as well as the implementation of compliance forensic testing program, tracking regulatory updates and implementing changes to comply with new and amended regulation, and providing general compliance oversight and guidance to the business. This is an opportunity for a confident, experienced, and knowledgeable individual to take a high visibility role in Jennison's Compliance department.
Your Impact
The scope and responsibilities of this role will not be static. As the business needs and compliance objectives change, the responsibilities of this position are expected to evolve to meet the changing regulatory landscape and departmental deliverables. Responsibilities, include, among other things:
Your Required Skills
Your required skills must include:
What We Offer
Jennison offers a generous benefits package including but not limited to: premier medical benefits, paid time off, a retirement profit sharing plan, wellness reimbursement, fully paid parental leave, family planning support, paid membership to concierge primary care, supplemental mental wellness benefit provides annual allotment of fully paid therapy sessions and unlimited coaching, additional health and wellness benefits, and life insurance. Our hybrid work model provides employees with the flexibility to work remotely 2 days a week.
The base salary range for this role is $145,000 - $165,000. Individual salaries for this role may vary based on various factors including but not limited to, years of experience, range in corporate level, candidate skills, and geographic location. Eligibility to participate in a discretionary annual incentive program is subject to rules governing the program, whereby an award, if any, depends on various factors including but not limited to, individual and organizational performance.
Jennison is committed to treating all applicants and employees fairly and to providing equal opportunity in compliance with applicable federal, state and local laws. Jennison does not and will not discriminate against any employee or applicant for employment on the basis of race, religion, ancestry, color, gender, gender identity, pregnancy, age, physical or mental disability, national origin, marital status, sexual orientation, citizenship status, covered-veteran or military status, genetic information, and/or any other factor protected by law.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Investment Adviser Compliance
Who We Are
Jennison Associates is a global investment management firm with over $200 billion in Assets under Management spanning across a range of various equity and fixed income investment strategies. Jennison was founded in 1969 on the principle that doing what's best for clients will always be right for the business. Grounded in our firm values of integrity, collaboration and client focus, the mission across all areas of our firm is to deliver superior long-term investment returns and excellence in client service. This singular focus is embedded in our culture and reflected in the way we invest, the service we provide to our clients, and the people we hire. We recognize that each employee plays a key part in achieving our mission, regardless of their role or title. As a result, we continually strive to make Jennison a fulfilling and rewarding place to work for all employees.
Our Function
As part of Jennison's Investment Advisory Compliance Group, this position will support Jennison's compliance program regarding its regulatory, contractual, and compliance requirements associated with its activities as a registered investment adviser. This role will be responsible for oversight of various compliance functions, including providing support and training to staff responsible for administration of employee conduct polices, regulatory filings and Jennison's compliance training program. An important part of the role will be to develop and enhance the compliance program's effectiveness in accordance with regulatory expectations and evolving best practices. Additional responsibilities include administration of Jennison's compliance risk monitoring program, maintenance of policies and procedures, facilitation of internal and external audits as well as the implementation of compliance forensic testing program, tracking regulatory updates and implementing changes to comply with new and amended regulation, and providing general compliance oversight and guidance to the business. This is an opportunity for a confident, experienced, and knowledgeable individual to take a high visibility role in Jennison's Compliance department.
Your Impact
The scope and responsibilities of this role will not be static. As the business needs and compliance objectives change, the responsibilities of this position are expected to evolve to meet the changing regulatory landscape and departmental deliverables. Responsibilities, include, among other things:
- Supervise and support staff responsible for administration of Jennison's employee conduct policies, including monitoring for personal trading, gifts and entertainment and political contributions activity, in a player-coach role;
- Continuously review and enhance the firm's compliance policies and procedures in accordance with evolving regulatory expectation and business practices;
- Track and analyze regulatory updates, including proposed and new regulations, risk alerts and regulatory guidance for impact on Jennison's business;
- Administer the Compliance Risk Monitoring Program, including testing and oversight of policies and recommend enhancements to business processes and internal controls;
- Draft and implement procedures for compliance monitoring activities and forensic testing;
- Maintain relationships with compliance related vendors, identify issues, keep abreast of system enhancements, and make recommendations to workflows to best utilize the system(s)
- Prepare materials for internal governance bodies and continually look for opportunities to enhance reporting through data analytics;
- Serve as compliance point person for the areas covered as well as various Prudential/PGIM compliance programs and initiatives;
- Oversee execution of the annual third-party compliance review and other internal and external audits; including document production and action plan tracking;
- Oversee and provide support for regulatory filings, including Section 13 filings, Form ADV and Form PF;
- Develop and deploy compliance training;
- Support the process of onboarding new clients, provide guidance as to compliance implications associated with investment management agreements and sub documents for private funds;
- Collaborate with Jennison and PGIM/Prudential compliance colleagues to drive coordinated outcomes;
- Integrate industry benchmarking and best practices through ongoing research, education and industry affiliations.
Your Required Skills
Your required skills must include:
- Prior compliance experience at a registered investment adviser preferably with testing, risk assessments and policies and procedures maintenance
- Strong knowledge of the Investment Advisor's Act of 1940 and other relevant securities laws
- Minimum of 7-10 years compliance experience working with an investment management firm
- FINRA Licenses (Series 7 & 24) a plus but not required
- Excellent written and oral communication skills with ability to interface with and influence senior management as well as other peers and colleagues
- Established ability to multi-task, prioritize and organize time effectively in a fast-pace environment with changing deadlines
- Ability to exercise sound judgment and discretion in identifying, escalating and resolving issues Demonstrates strong analytical skills and attention to detail consistently
- Experience managing and developing staff
- Solid research skills and the ability to provide useful guidance and make articulate recommendations to department managers regarding potential solutions to issues
- Strong technology skills, proficient in MS Outlook and Office, including Excel and PowerPoint
- Quick learner; ability to learn new systems
- Project Management and System Implementation experience is a plus
What We Offer
Jennison offers a generous benefits package including but not limited to: premier medical benefits, paid time off, a retirement profit sharing plan, wellness reimbursement, fully paid parental leave, family planning support, paid membership to concierge primary care, supplemental mental wellness benefit provides annual allotment of fully paid therapy sessions and unlimited coaching, additional health and wellness benefits, and life insurance. Our hybrid work model provides employees with the flexibility to work remotely 2 days a week.
The base salary range for this role is $145,000 - $165,000. Individual salaries for this role may vary based on various factors including but not limited to, years of experience, range in corporate level, candidate skills, and geographic location. Eligibility to participate in a discretionary annual incentive program is subject to rules governing the program, whereby an award, if any, depends on various factors including but not limited to, individual and organizational performance.
Jennison is committed to treating all applicants and employees fairly and to providing equal opportunity in compliance with applicable federal, state and local laws. Jennison does not and will not discriminate against any employee or applicant for employment on the basis of race, religion, ancestry, color, gender, gender identity, pregnancy, age, physical or mental disability, national origin, marital status, sexual orientation, citizenship status, covered-veteran or military status, genetic information, and/or any other factor protected by law.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)