PGIM Associate, ETF Capital Markets ( Hybrid/ Newark, NJ)

Prudential Financial•Newark, NJ

5d•Hybrid

About The Position

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! This candidate will report to the Head of ETF Capital Markets for PGIM and serve as a key member of the team supporting the fast-growing ETF product suite within PGIM. The team works closely with investment teams across the firm as well as sales, operations an other key functional areas vital to the ETF ecosystem within PGIM. The team is a vital connection between the market making and authorized participant community and the full resources across PGIM.

Requirements

Bachelor’s degree in finance, economics, or a related field.
Series 7 license required
2+ years of experience within ETF capital markets, trading, or operations; ideally at an ETF market maker, Authorized Participant, or ETF issuer.
Strong understanding of ETF mechanics, particularly primary/secondary market structure and the creation/redemption process.
Familiarity with trading systems, order workflows, and market data platforms (Bloomberg preferred).
Strong organizational skills, attention to detail, and ability to thrive in a fast-paced trading environment.
Effective written and verbal communication skills
Strong analytical skills; experience working with large datasets, market research tools, macros, and trading platforms (Bloomberg preferred).

Responsibilities

Support daily ETF Capital Markets activities including creation/redemption orders, Investment team coordination, and secondary market trading.
Assist in managing relationships and communications with APs, market makers, and exchanges.
Monitor secondary market activity and identify dislocations, spreads, or enhancements to trading efficiency.
Track and report ETF primary and secondary market metrics including volume, liquidity, spreads, and flows.
Provide coverage during core trading hours to ensure responsiveness to trade inquiries and operational continuity.
Partner with internal stakeholders across Operations, Product, Compliance, and Sales to resolve trade and settlement issues.
Conduct market oversight and summarize competitor activity, pricing, and liquidity.
Contribute to the ongoing development and enhancement of the ETF business.
Proactively identify and drive process improvements to boost market quality and operational efficiency.
Perform daily reviews of ETF website data/holdings to ensure compliance with regulatory requirements, including Rule 6C-11.

Benefits

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.

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