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PGIM | Director, Fund Legal and Governance (f/m/d)

AT Prudential Financial
Prudential Financial

PGIM | Director, Fund Legal and Governance (f/m/d)

Luxembourg City, Luxembourg

Director, Fund Legal and Governance (f/m/d)

Based in Luxembourg

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!

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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!

WHAT YOU WILL DO

We are looking for an astute, determined professional like you to fulfill a critical position within our Fund Legal and Governance Team. You will showcase your success through collaboration, ownership and innovation. Your expertise in emerging trends and practices will evoke stimulating discussions around optimization and change to help keep our competitive edge. This rewarding opportunity will enable you to make a big impact in our organization, so if this sounds exciting, then PGIM might be the place.

WHAT YOU CAN EXPECT

The Fund Legal and Governance team sits within Fund Operations The management span of the role assumes effective supervision of the work performed by external parties. You will monitor, guide and control external service provider(s) in compliance with a vendor governance program. Board positions on fund SPVs or other fund related legal entities will be offered. The role holder reports to the Head of Fund Legal and Governance, based in Luxembourg and responsibilities include:

  • Act as the deputy of the head of the Fund Legal and Governance team, leading, developing and coaching the team and pitching in to solve complex or sensitive matters and act as a contact of escalation in day-to-day tasks.
  • Support the Head of Fund Legal and Governance in leading or supporting various projects and broader initiatives within the firm.
  • Direct report to several analysts, associates and managers.
  • Responsibility for the effective oversight of several alternative investment funds from a legal administration and governance perspective.
  • Communicating directly to the AIFM board and conducting officers, acting as an expert on legal administration and governance, and being able to make constructive proposals.
  • Ensuring information submitted to the governing bodies of the managed funds/fund SPVs are both complete and neutral, and decisions taken are implemented.
  • Collaborating efficiently and effectively with 3rd party service providers (including fund and corporate administrators, depositaries, banks and advisors) and in-house corporate secretarial function including managing the coordination of their activities with other stakeholders. Discussing, agreeing and approving master service agreements, fees schedules, operating memorandums.
  • Based on an overall review of the fund administration activities, managing risks by identifying issues and taking proactively appropriate actions.
  • Communicating effectively with other members of the team, fund controllers, investors/clients, tax advisors, banks, auditors, law department and outside legal counsels. Collaboration with Fund Controlling, Asset Management, Portfolio Management and Transactions teams on

legal and governance matters including support in acquisitions, dispositions, (re)financings and execution of business plans.

  • Supporting the Global Investor Services function on managing investor on-boarding and investor transactions.
  • Reviewing legal documents prepared by fund and corporate administrators and outside legal counsel e.g. board minutes, shareholders resolutions, agreements, loans, share transfer agreements, POA's, resolutions to amend the articles of association; ensuring the completeness and accuracy thereof and processes involved in the execution thereof.
  • Supervision of fund and SPV incorporations and liquidations, or changes to the domicile of entities.
  • Arranging for the nomination/resignation of directors/managers and supervision of the registration and ongoing maintenance of registers of beneficial owners.
  • Arranging for the opening of bank accounts and designation of bank authorities/signatory powers (or supervision thereof).
  • Arranging for timely registrations at the Chamber of Commerce and other obligatory registrations and filings.
  • Ensuring the timely publication of adopted annual accounts or other relevant matters.
  • Maintaining contact with and consulting outside counsels whenever necessary on behalf of the firm or managed funds, as well as on behalf of (and in consultation with) investors/clients requesting services from outside counsels and to monitor progress thereof. Likewise for notarial matters.
  • Maintaining corporate calendars, action plans and corporate fact sheets as necessary for control and continuity purposes.
  • Complying with local policies and procedures, supporting the strong operating risk, governance and control framework in place to meet all regulatory and statutory obligations.
  • Providing training, coaching and support to team members and participating in recruiting processes if needed.

WHAT YOU WILL BRING

  • Strong academic background: relevant degree level required in law/legal studies or similar.
  • At least eight years of relevant work experience (e.g. in a law firm, service provider or fund manager) with prior experience of managing a team as an advantage.
  • Passionate about people and team-management.
  • Good commercial and negotiation skills / ability to impart know how and encourage others to find solutions on their own.
  • Ability to work in a fast-paced environment, with flexibility to adapt.
  • Proactive hands on mentality / can-do attitude / inquisitive and self-motivated.
  • Strong decision making skills and accuracy where needed and ability to put tasks, duties and challenges into the big picture.
  • Highly organized, self-motivated with excellent personal time management and communication skills.
  • Integrity and reliability, with a commitment to Diversity & Inclusion.
  • Ability to anticipate and solve complex challenges or obstacles relevant to the role.
  • Good interpersonal skills, team player, capability to interface professionally with various internal and external stakeholders.
  • Ability to work on cross border structures and to collaborate with colleagues from offices in Germany, UK, France, Italy, Switzerland, U.S. and Asia.
  • Fluent in English with clear and strong verbal and written communication skills required; French, German or Italian is an advantage.

WHAT WILL SET YOU APART

  • Experience in working in an international and multicultural environment / have a global mindset
  • Knowledge of international direct and indirect tax regimes applying to funds and SPVs (including those of Luxembourg)

WHY YOU WANT TO JOIN US

  • Curious, ambitious mindset: join a dynamic company constantly seeking for new growth avenues and fostering an environment where all ideas are welcomed and encouraged.
  • Offering Flexibility and individuality, our opportunities align with the unique needs of our work, clients, teams, and lives.
  • We understand that every role has its distinct requirements, so our managers treat their team as individuals, finding the way that works best for them to perform at the top of their game.
  • We're not just talking about family friendliness - the majority of our employees have families; we enable flexible working hours while maintaining an in-office culture at the centrally located workplace in the heart of Luxembourg which is accessible with buses or tram.
  • Fair remuneration is important to us. You will receive an attractive, performance-oriented salary and pension scheme benefits.
  • Work is not everything. We regularly organize informative office events, summer and year-end parties. In addition, we offer 30 days of vacation per year and non-working days on Christmas and New Year's Eve to switch off.
  • We support you in all situations - together with partner companies as well as mental health first aiders, , we offer life coaching, child and emergency care and individual assistance in challenging life situations.
  • We are aware of our responsibility. The real estate industry is responsible for a large part of the global CO2 emissions - PGIM has set itself ambitious goals to change something and you can make your contribution!

ABOUT PGIM REAL ESTATE GROUP

PGIM Real Estate is one of the largest Real Estate managers in the world and one of the nation's largest full-service commercial, multi-family and agricultural real estate lenders and has been serving the commercial real estate market for over 125 years.

PGIM Real Estate strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. Our scope of insights, rigorous risk management and seamless execution are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing and the deep local expertise of professionals in 32 cities globally.

Through our investment, financing, asset management and talent management approach, we engage in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. When you join our team, you'll find yourself inspired by an inclusive company culture that believes that diversity of all kinds allows us to develop better and more innovative solutions for our client.

ABOUT PGIM - GLOBAL ASSET MANAGEMENT

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.29 trillion in assets under management as of December 31st, 2023. With offices in 18 countries, PGIM's businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives.

With a history dating back over 140 years, and experience through more than 30 market cycles, PGIM takes a long-term view, not only in our investment philosophy, but also in how we develop our talent. We want to see our employees excel from their first day with the firm and throughout their tenure with PGIM. We will inspire you, support you, and help you reach your greatest personal and professional aspirations. If PGIM sounds like the place for you, join us. For more information about PGIM, visit PGIM.com.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

OUR COMMITMENT TO DIVERSITY, EQUITY AND INCLUSION

Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don't just accept difference-we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.

We look forward to receiving your application!

Privacy Center (pgim.com)
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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.

Client-provided location(s): Luxembourg
Job ID: Prudential-R-118829
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • FSA With Employer Contribution
    • HSA
    • HSA With Employer Contribution
    • Health Insurance
  • Parental Benefits

    • Adoption Leave
    • Birth Parent or Maternity Leave
    • Adoption Assistance Program
    • Family Support Resources
  • Vacation and Time Off

    • Paid Holidays
    • Personal/Sick Days
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Pension
    • Stock Purchase Program