PGIM - Fixed Income SMA Trader

Prudential Financial • Newark, NJ

1d • Onsite

About The Position

PGIM Custom Harvest, a division of PGIM Global Wealth, is a pioneer in the development of tax-beneficial investment strategies using exchange-traded funds (ETFs) for clients seeking improved after-tax outcomes. We provide full exposure to a client-selected benchmark while generating tax alpha through customized SMA portfolios of ETFs. PGIM Custom Harvest manages $7.1 billion on behalf of a wide range of RIAs and wealth managers. PGIM Custom Harvest is launching a fixed income SMA platform and is seeking a Senior Fixed Income Trader to help build and lead this new capability. This is a hands-on role with end-to-end accountability. You will be responsible for trading and managing individual client fixed income portfolios, establishing trading processes, and contributing to the growth of the fixed income SMA business.

Requirements

• 7-10 years of fixed income trading experience with a minimum of 3-5 years within an SMA, managed accounts, wealth management, or institutional fixed income platform.
• Proficiency with industry platforms and tools (Bloomberg, Tradeweb, MarketAxess, etc.)
• Series 7 and Series 63 (or Series 66) preferred; willingness to obtain if required
• Ability to build processes, relationships, and infrastructure in a developing business environment
• Strong communication and collaboration skills; comfortable working across teams and with external counterparties
• Disciplined approach to risk management with a clear client-first mindset

Nice To Haves

• CFA designation is a plus

Responsibilities

• Execute trades across a range of fixed income securities (U.S. Treasuries, agencies, investment-grade corporates, and other relevant sectors) for individual client SMA accounts
• Manage day-to-day portfolio activity, including cash flows, position adjustments, and ongoing risk monitoring
• Develop and refine trading processes, workflows, and dealer relationships
• Collaborate with portfolio managers, operations, compliance, and technology partners
• Maintain a strong focus on best execution, risk management, and fiduciary standards
• Support the scaling of the fixed income SMA business over time

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).
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed