Prudential

PGIM Fixed Income - Associate Manager, Collateral Management & Servicing

Posted on: 20 Jan 2021

Newark, NJ

Job Description

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, New Jersey, Amsterdam, London, Tokyo and Singapore. As of March 31, 2020, the firm has $868 billion of assets under management including $348 billion in institutional assets, $174 billion in retail assets, and $346 billion in proprietary assets. Over 800 institutional asset owners have entrusted PGIM Fixed Income with their assets.

The Associate Manager, Trade Management Collateral Management & Servicing is responsible for direct supervision of a team while providing operational, research, and analytical support to the PGIM
Fixed Income businesses for derivative products (i.e. Swaps, Futures, FX, and Options). This individual is responsible for increasing organizational capabilities through efficiencies and scale. Coaching, developing and leading by example will be some of the expectations of this individual with respect to talent management.

The team is responsible for the monitoring and settlement of daily collateral activities with numerous counterparties across multiple product types. The team also performs regulatory reporting of positions, valuations and collateral to multiple international jurisdictions. In addition, the team works closely with internal Operations teams, portfolio managers, and broker dealers.

The Associate Manager is expected to anticipate issues that may introduce risk, cause errors and adversely affect the performance of our clients and funds. Associate will also provide support to the team in solving problems and incorporating new processes to mitigate risk.
Associate is expected to have knowledge of derivatives as well as previous supervisory experience

Qualifications:

Derivative product knowledge
Regulatory reporting experience
Supervisory experience
Strong leadership skills
Strong analytical & problem-solving skills
Solid understanding & appreciation of business risk & operational controls
Basic project management skills
Strong communication skills (written & verbal)
Strong desire to learn and develop others
Ability to organize, prioritize tasks and work in a deadline-oriented environment
Self-motivated & able to work within a team environment
Able to absorb information across a broad spectrum of products.
Detail oriented
Ability to work in a fast-paced, high-intense environment
Intermediate knowledge of MS Office & business applications

Experience/Education:
Degree in Economics, Finance or Business preferred
Previous supervisory experience required
Prior Derivative Product experience required
Regulatory Reporting experience is preferred
3-5 years of experience supporting fixed income products or relevant experience
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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 call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.

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

Prudential

Newark, NJ

Prudential Financial, Inc., through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

The U.S. Workplace Solutions division provides a range of retirement investment, and income products and services to retirement plan sponsors in the public, private, and not-for-profit sectors; and group life, long-term and short-term group disability, and group corporate-, bank-, and trust-owned life insurance in the United States, primarily to institutional clients for use in connection with employee plans and affinity groups.The U.S. Individual Solutions division develops and distributes individual variable and fixed annuity products, principally to the mass affluent and affluent markets; and individual variable, term, and universal life insurance products to the mass middle, mass affluent, and affluent markets in the United States.

The International Insurance division develops and distributes individual life insurance, retirement, and related products to the mass affluent and affluent markets in Japan, Korea, and other foreign countries, as well as middle income and mass affluent markets. The company offers its products and services to individual and institutional customers through its proprietary and third-party distribution networks. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.

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