VICE PRESIDENT CORPORATE COUNSEL - NY (New York)
Posted 07/10/08
Closes: posing job + 90 days
Salary: Competitive
Prudential Financial, Inc. 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.
The attorney in this position will be responsible for handling a full range of legal matters that arise in connection with Prudential Bache Asset Management, Inc. (“PBAM”), a registered Investment Adviser (“IA”), Commodity Trading Advisor (“CTA”) and Commodity Pool Operator (“CPO”). The position involves counseling on a variety of legal, regulatory and general corporate matters.
The candidate must have a minimum of five years of sophisticated law firm, in-house and/or regulatory legal experience involving the Investment Advisers Act of 1940 and the rules and regulations thereunder, Part 4 of the Commodity Exchange Act and the rules and regulations thereunder, and the rules and interpretations of the National Futures Association that pertain to CTAs/CPOs. Familarity with the Investment Company Act of 1940, the Securities Exchange Act of 1934 and ERISA is a plus.
Individual contributor attorney who may also possess supervisory responsibilities over legal and non-legal staff and regularly: Provides legal advice without the supervision of a more senior attorney, Handles complex work assgnments, Has substantial client contact.
Required Skills & Experience:
• Provide legal advice and draft disclosure in connection with the maintenance and updating of PBAM’s Form ADV, Form 7R other regulatory filings.
• Review and provide legal advice on institutional marketing materials and management’s responses to requests-for-proposals (“RFPs”).
• Negotiate client account documentation.
• Negotiate investment advisory agreements.
• Provide legal advice with respect to structure, development and distribution of new products and investment vehicles, such as private funds, business trusts and index-linked notes. Responsibilities will include drafting formation documents, subscription materials and regulatory filings, and negotiating investment management, brokerage, distribution and related administrative agreements.
• Counsel business principals with regard to ongoing operational issues, including conflict of interest management, disclosure matters, performance reporting, fee waivers and redemption transactions.
• Research and provide legal advice with respect to foreign securities laws.
• Represent PBAM in connection with inquiries, investigations or regulatory proceedings which may arise.
• Draft and negotiate agreements and other documents relating to solicitation arrangements and third party vendor services.
• Coordinate with the Compliance Department to provide legal analysis and advice in connection with the development of procedures, the resolution of potential compliance issues and the conduct of regulatory examinations.
• Keep senior management and other personnel apprised of pertinent legal and regulatory developments.
• Perform special projects as assigned by the Senior Counsel, Global Commodities.
This position is located in New York, NY.
Prudential is an Equal Opportunity/Affirmative Action Employer and is committed to diversity in its workforce.
Prudential is not seeking assistance or accepting unsolicited resumes from search firms for this employment opportunity 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. Regardless of past practice, all resumes submitted by search firms to any employee at Prudential via-email, the Internet or directly to hiring managers at Prudential 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 as a result of the referral or through other means.
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. For this reason, Prudential has established and regularly maintains a preferred vendor list. Please note that 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.
Contact Information
Mail: New York, NY
10001
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