What are the responsibilities and job description for the UCITS Funds Lawyer position at Prudential?
PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.3 trillion in assets under management, and 44 offices spanning 18 countries, PGIM is among the world’s top-10 largest asset managers. Comprised of seven self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firm’s ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect and equality.
Our Business: PGIM Investments is a diversified distributor of asset management capabilities, with over 100 actively managed funds globally. We are dedicated to helping clients tackle their toughest investment challenges and base the foundation of our investment strategy around collaboration and innovation. Our leadership team welcomes new ideas and is committed to developing talent for long-term success.
PGIM Investments is aggressively pursuing asset-raising opportunities, particularly in the global retail markets. PGIM has developed relationships with third-party distributors in Europe and Asia. PGIM Investments is focused on the (i) development, management and servicing of distribution relationships; (ii) operational support for the day-to-day activities of investment funds, including on-going supervision of outsourced service providers; (iii) management of the extensive governance requirements of the funds; and (iv) maintenance and development of the fund structure from a legal and regulatory point of view.
PGIM Investments’ global division is based in London, has offices in several European and Asian jurisdictions and has an Irish management company. As part of the global growth, we have an exciting opportunity for a qualified lawyer in the PGIM Investments Legal Team, primarily supporting our Irish UCITS umbrella fund. With over 30 sub-funds and registrations in over 15 countries, this is a dynamic fund range at the heart of PGIM Investments’ distribution.
Candidates should ideally possess the following:
- Extensive experience practicing asset management law, including UCITS funds
- Experience as an attorney in a law firm
- Strong organisational skills and attention to detail
- High initiative and energy and the ability to take ownership of projects
- Effectiveness in working cooperatively
- Excellent writing and analytical abilities
Specific responsibilities of the role will include:
- Analysing complex legal issues and developing solutions in cooperation with other teams
- Drafting and maintaining UCITS fund documentation including prospectuses, key information documents, and policies
- Advising on ESG regulations and supporting the development of ESG products
- Working closely with and overseeing external counsel for the funds, in Ireland and wherever the fund is sold
- Drafting documents and for new funds and navigating the regulatory approval process
- Advising the business on proposed changes to existing funds
- Providing legal support for responses to requests-for-proposal and due diligence requests
- Interpreting, advising on, and implementing new regulations
- Drafting shareholder communications
- Negotiating and drafting various contracts, including with third-party distributors
- Attending fund board meetings and assisting in developing meeting agendas
- Providing oral and written reports to the fund board
- Advising the business on cross-border marketing rules in various jurisdictions, including Asia, Europe and Latin America
- Supporting the registration of the UCITS for public sale in new jurisdictions
This role provides the opportunity to play a significant part in a growing team that is supporting an exciting strategic development within one of the world’s largest asset managers. Candidates within commuting distance of London or Dublin will be considered.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
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, some of which may not be available in your area.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.
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