Job Description:

Job Classification:

Investment Management - Investment Operations

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

The Analyst in Derivative Operations is responsible for providing operational support and production oversight to the PGIM Fixed Income business for Derivative Swap products. This includes providing support for trade confirmation and settlements functions as well as maintaining an open dialogue with Investment Teams, Custodian Banks, FCMs, Prime Brokers, and Broker Dealers.

What you can expect

• Daily support and oversight of Swap confirmation, settlement, and reconciliation processes




• Actively research/resolve confirmation discrepancies and fails




• Act as the primary operations point of contact for Swap related matters




• Analyzing data/reporting received from FCMs, custodians, and other third parties




• Maintaining and assisting with onboarding/client request for information




• Gathering and/or analyzing key metrics with regards to activity




• Help solve problems and incorporate new processes to mitigate risks




• Help develop departmental policies, guidelines and procedures




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




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




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




• Communicating operational support changes and initiatives to all impacted areas of PGIM




• Keeping abreast of industry initiatives and market trends that can impact our business model and/or offer opportunities to improve our processes

What you will bring

• Minimum of 2+ years of Operations experience in financial services.




• Derivative confirmation and settlements experience strongly preferred




• Bachelors degree or equivalent experience




• Skills in: Excel, V-LookUp, Pivot Tables, Macro building a plus




• Strong knowledge of derivative products and/or other fixed income products and investment strategies




• Strong leadership skills




• Strong analytical & problem solving skills




• Ability to oversee both production and projects




• Strong communication skills (written & verbal)




• Solid understanding of application of business risk & operational controls




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

* Dependent upon the business, flexible work schedules are necessary to provide operational coverage to our business partners from 9:00 a.m. to 7:00 p.m. One of the responsibilities of this position includes the processing of wire transfers. In accordance with the Treasurer's Policy "Background Screenings on Wire Transfer Associates", any candidates selected for this position will be required to submit to a background screening including an extensive background screening and credit check. Failure to comply will eliminate a candidate from consideration for this position. In addition, any negative information obtained as a result of the background screening may result in the disqualification of the candidate from this and any other position in Prudential, including their current one if they are an internal applicant. Prudential Investment Management follows the NYSE holiday schedule. This position also requires over-time during peak periods.

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

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $80,000 to $105,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

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 $859Bn 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.  

What we offer you:

• Market competitive base salaries, with a yearly bonus potential at every level. 

• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave. 

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

• Company-funded pension plan. 

• Wellness Programs 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 and mental health, and career development.  

• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.  

• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service. 

Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.  

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

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. 

If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com. 

 

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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