Job Description:

Job Classification:

Investment Management - Investment Operations

The Senior Investment Operations Associate in Derivatives Servicing is responsible for providing operational, research and analytical support to PGIM Fixed Income business for derivatives products (i.e. Swaps, Futures, FX, Options, MBS, etc.).    

The team is responsible for the monitoring and settlement of daily collateral moves, interest, Swap payments, variation margin etc.) activities with numerous counterparties across multiple product types.  Provide support for trade confirmation and settlements functions with a focus on operational issues, as well as maintaining an open dialogue with Investment Teams, Custodian Banks, FCMs, Prime Brokers, Vendors, and Broker Dealers.

Job responsibilities may include: 

• Verifying/validating periodic payments related to derivative products (i.e. swaps)




• Fails resolution for all settlements (i.e. Collateral moves, interest, swap payments, variation margin)




• Performing monthly collateral reconciliations against counterparties/banks to internal systems.     




• Assuming ownership for any operational issues that are raised and providing resolution in a manner that is seamless regardless of which operational issues are impacted 




• Anticipating issues that may adversely affect the operational support of all derivative products and taking action to reduce the risk of such occurrences 




• Actively research/resolve discrepancies in key operational data points




• Proactively seeking ways to improve current processes by leveraging the tools available to identify inefficiencies to reduce risk




• Cultivating both internal and external relationships to ensure proper service levels are achieved and maintained for each fund supported   




• Develop an understanding of the fixed income trading business and share knowledge with operations teams in order to increase service levels 

Requirements: 

• Degree in Economics, Finance or Business preferred




• Knowledge of derivatives and/or other fixed income, 5+ years of experience in financial services




• Ability to organize, prioritize tasks and work in a deadline-oriented environment.




• Solid understanding of application of business risk & operational controls




• Able to multi-task and absorb information across a broad spectrum of products




• Strong communication skills (written & verbal)




• Detail Oriented

#LI-VS1

#LI-HYBRID

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With 960 employees and $790bn assets under management, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Tokyo, Hong Kong, and Singapore. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.

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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.

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. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.

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