Principal, Securitized Products Portfolio Manager at Prudential Ins Co of America in Newark, New Jersey

Job Description:

Job Classification:

Investment Management - Portfolio Research

A GLOBAL FIRM 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!

What you will do

This is a portfolio management role within Securitized Products team at PGIM Fixed Income and report to the Co-Head of Securitized Products. We are seeking an experienced Securitized Products Portfolio Manager to join our investment team. This role involves managing portfolios of securitized assets with a focus on asset-backed securities (ABS) and non-agency residential mortgage-backed (RMBS) securities. The ideal candidate has a deep understanding of securitized products, proven portfolio management expertise, and the strategic insight necessary to navigate complex market environments.

What you can expect

• Develop and execute investment strategies for securitized products portfolios, focusing on asset selection, risk management, and return maximization while ensuring compliance with investment policies, regulations, and client objectives.




• Work closely with the Securitized Products research team to assess risk, underwrite potential investments, and identify relative value




• Use quantitative and qualitative methods to identify value-added investment opportunities within the securitized products space.




• Present investment thesis and positioning to clients and internal stakeholders.




• Participate in the firm's marketing and fundraising efforts as needed




• Actively engage with market participants, including brokers, banks, and counterparties, to source investment opportunities and gain insights into market conditions.




• Attend industry conferences, webinars, and meetings to remain up-to-date on securitized products trends, regulatory changes, and new investment opportunities.




• Influence the buildout of new technologies to facilitate portfolio management processes




• This is a hybrid role based in Newark, NJ with a requirement to be in the office from Tuesday to Thursday.

What you will bring

• 15+ years of experience managing securitized products. Proven experience of successfully managing ABS and RMBS




• Deep network of relationships with issuers, banks, sponsors and funds




• Proven track record of managing people and processes




• Strong communication and presentation skills




• Strong understanding of fixed income mathematics and bond valuation concepts




• Strong understanding of quantitative methods and models




• BA/BS degree required (MBA, MS and/or CFA are pluses)

What will set you apart?

• Experience investing within European markets




• Understanding of regulatory considerations within portfolio management affecting Securitized Products including ERISA & EUSR




• Ability to distill and communicate complex issues clearly and concisely to a variety of decision makers and audiences




• Ability to work well as part of a team and enjoy a fast paced, high intensity environment




• Ability to think creatively and help solve unique challenges that come from investing across different investor types such as pension and insurance clients




• Buy-side asset manager experience

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What we offer you

• Medical, dental, vision, life insurance and PTO (Paid Time Off)




• Retirement plans:




• 401(k) plan with generous company match (up to 4%)




• Company-funded pension plan




• Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs




• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional health, and career development.




• Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.

To find out more about our Total Reward package, Total Rewards Brochure

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The base salary range for this role is from $200,000 to $225,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. This role is also eligible for additional compensation and/or benefits including a competitive, discretionary annual cash bonus opportunity along with long term incentive awards. Eligibility to participate in the discretionary annual incentive programs are subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.

About PGIM Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $821Bn 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.  

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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