Investment Operations Associate, Global Hedge Management

Prudential Financial • Newark, NJ

1d • Hybrid

About The Position

The Global Hedge Management (GHM) Operations team is seeking an Investment Operations Associate to join the team. GHM Operations provides trade support and back-office operations for Prudential Global Funding LLC, the Global Hedge Management team, as well as several affiliates. Primary support functions include ensuring the accurate maintenance of trade records for all OTC derivatives within the firm (for Prudential businesses only - excludes 3rd party managed and retail funds, non-guaranteed separate accounts), as well as certain exchange traded instruments from inception through maturity, confirmation and processing of payments related to derivatives activity, maintaining market data for purposes of trade valuations, management of collateral related to derivatives positions, and preparation of daily risk reports for management. The current EWA for this position is Hybrid and requires your on-site presence 3 days per week. You manager will provide additional details relative to days you are expected to be on-site

Requirements

• Excellent interpersonal skills. Ability to communicate in a tactful, diplomatic manner
• Good organization and time management skills
• Ability to complete both daily and long-term assignments
• Ability to work well under pressure and meet tight deadlines
• Working knowledge of Microsoft Excel and Word
• Excellent analytical skills and problem-solving skills
• Ability to demonstrate a high degree of initiative
• Able to communicate and work well in a team environment as well as independently
• Detailed oriented
• College degree

Responsibilities

• Monitor daily counterparty exposure to support Credit Support Annex (CSA) agreements and initial margin requirements for cleared and bilateral OTC derivatives
• Analyze and report exposure levels on an ongoing basis
• Respond to and issue daily collateral calls
• Process collateral substitutions as required
• Research and resolve disputed collateral items
• Perform portfolio reconciliations when disputes arise
• Manage principal and interest processing for collateral posted and held
• Apply strong analytical skills to research and independently resolve outstanding items
• Work effectively in a collaborative team environment while managing responsibilities independently
• Complete tasks in a timely and accurate manner with strong attention to detail
• Demonstrate effective interpersonal and communication skills
• Participate in assigned projects beyond day‑to‑day responsibilities
• Contribute to the development and implementation of value‑added initiatives
• Support process improvements that streamline workflows and create operational efficiencies

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level