Investments, Distribution Associate

at  PGIM

A GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.
We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world’s leading global asset managers!
If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can!

ABOUT PGIM INVESTMENTS

PGIM launched an Irish domiciled UCITS platform in 2013 (PGIM Funds PLC) which currently has over $8.5billion in assets across 30 funds managed by PGIM Fixed Income, PGIM Real Estate, Jennison and PGIM Quantitative Solutions. These assets have come from third parties as well as PGIM seed capital.
PGIM has taken a strategic decision to aggressively pursue asset raising opportunities, particularly in the global retail markets where it has not been prominent to date. PGIM will develop relationships with third party distributors outside the US, with a primary focus on EMEA but also seeking opportunities in Asia, Japan & South America. Relationships with distributors of Prudential’s retail mutual fund family in the US will be leveraged. The range of funds available in the UCITS vehicle is being expanded to include further funds managed by the PGIM investment management businesses and PGIM endeavours to obtain an AIFM license as well as a MIFID top up.
The UCITS initiative and the legacy QIF platform propelled the need to create a dedicated group within PGIM Investments, PGIM Investments International, that is focused on (i) development, management and servicing of the distribution relationships; (ii) operational support for the day-to-day activities of the fund including on-going supervision of outsourced service providers; (iii) management of the extensive governance requirements of the fund; and (iv) maintenance and development of the fund structure from a legal and regulatory point of view.

WHAT YOU WILL DO

As part of the firm’s global expansion, as well as its expansion of an Irish UCITS Management Company, PGIM Investments International is looking to hire a Distribution Associate to work alongside and assist the Designated Person for Distribution (PCF-39E). This Dublin based role will be accountable for demonstrating adherence with all Irish and other relevant legal and regulatory requirements in relation to distribution of proprietary UCITS and Alternative Investments.

The scope of the role includes the following duties:

• Maintaining an effective framework for distribution oversight and ensuring that the firm can operate in compliance with CP86 and all local regulatory & legal requirements.
• Maintaining adequate distribution-related policies & procedures to ensure compliance with the firm’s obligations.
• Work closely with the firm’s management and staff on distribution matters and updating knowledge on recent regulatory changes related to distribution.
• Maintenance of charter and scheduling of all meetings for the Global Distributing Operating Committee ("GDOC") for UCITS.
• Draft and maintain the monthly meeting minutes of the GDOC.
• Oversight & analysis of initial and ongoing due diligence on third-party intermediaries selling our securities products and maintain records and reporting for all reviews.
• Work closely with our third-party due diligence provider to collect, analyse, and develop reporting on our selling partners.
• Assist DP for Distribution to complete required reporting for the quarterly UCITS Management Company Board meetings as well as to the Fund’s Board of Directors.
• Assisting the firm’s global funds registrations team with distribution related queries and coordinating new country registration requests, when required.
• Oversight and maintenance of the various local paying agent relationships, if applicable.
• Ensure that effective complaints handling procedures (including complaints relating to distribution) are in place.
• Participate, if required, in the quarterly UCITS Fund Board meetings and help draft quarterly written distribution compliance reports to the firm’s Board of Directors
• Assist in completion of Requests for Proposal ("RFPs"), if required.
• Work closely with associates in London office and assist with distribution related projects, when required