PGIM Fixed Income: Analyst, Fixed Income Operations (Hybrid/Newark, NJ)
Prudential - Newark, NJ
posted 28 days ago
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.
Responsibilities
- Daily support and oversight of Swap confirmation, settlement, and reconciliation processes
- Actively research/resolve confirmation discrepancies and fails
- Act as the primary operations point of contact for Swap related matters
- Analyzing data/reporting received from FCMs, custodians, and other third parties
- Maintaining and assisting with onboarding/client request for information
- Gathering and/or analyzing key metrics with regards to activity
- Help 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
Requirements
- Minimum of 2+ years of Operations experience in financial services
- Derivative confirmation and settlements experience strongly preferred
- Bachelors degree or equivalent experience
- Skills in: Excel, V-LookUp, Pivot Tables, Macro building a plus
- Strong knowledge of derivative products and/or other fixed income products and investment strategies
- Strong leadership skills
- Strong analytical & problem solving skills
- Ability to oversee both production and projects
- Strong communication skills (written & verbal)
- Solid understanding of application of business risk & operational controls
- Ability to organize, prioritize tasks and work in a deadline-oriented environment
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
