PGIM - Manager, Derivative Operations (Long/Short Operations)

Prudential Financial • Newark, NJ

40d • $135,000 - $145,000 • Hybrid

About The Position

The Manager in Derivative Operations is responsible for providing operational support and production oversight to the PGIM's fixed income group for Futures, FX and Swap products. This includes oversight of the Long/Short Operations team. The role will demand the ability to perform confirm and settlements functions, derivative life-cycle processing, as well as maintaining an open dialogue with Investment Teams, Custodian Banks, Clearing Brokers, Prime Brokers, and Broker Dealers. This is a hybrid role based in Newark, NJ, where the team is on-site 3 times a week

Requirements

• 7+ years of experience in fixed income derivative confirmations, settlements, or collateral
• Bachelor’s degree or equivalent professional experience
• Strong understanding of derivative products, fixed income instruments, and related investment strategies
• Proficiency in Excel, including data reconciliation and Pivot Tables
• Demonstrated leadership capabilities
• Strong analytical and problem‑solving skills
• Ability to manage both day‑to‑day production activities and project-based work
• Solid understanding of business risk principles and operational control frameworks
• Strong written and verbal communication skills

Nice To Haves

• Prior experience in hedge fund operations
• Working knowledge of Excel Macros
• Previous supervisory or team‑lead experience
• Thrives in a fast‑paced, high‑intensity environment
• Ability to multitask and quickly absorb information across a wide range of products
• Strong organizational skills with the ability to prioritize tasks and meet tight deadlines

Responsibilities

• Daily support and oversight of both Exchange Traded and OTC derivative booking, confirmation, & settlement processes
• Execute high leverage operational processes for the internal Long/Short team
• Daily reconciliation of positions and transactions between internal books and records and custodian/PB reporting
• Maintaining and assisting with onboarding/client request for information
• Overseeing production output of staff as well as researching/resolving confirmation discrepancies and fails
• Gathering and/or analyzing key metrics with regards to activity
• Help staff 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

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: Manager