Senior Analyst, Middle Office | PGIM Investment Operations (Hybrid / Newark, NJ)
About The Position
The Senior Analyst provides day-to-day operational support for PGIM Credit’s Securities Lending business, serving as a key control point across the loan lifecycle. The role supports loan execution, returns, restructures, recalls, settlement management, and issue resolution. The position partners with Securities Lending traders, broker-dealers, custodian banks, technology partners, and internal Operations teams to ensure timely, accurate, and well-controlled processing of cash-collateralized lending activity, including Corporate Bonds and U.S. Treasury securities. The role is based in Newark, New Jersey, and follows a hybrid schedule with three days in the office. Employees may work remotely or from the office as needed, depending on task demands or personal work preferences; office work is encouraged for tasks requiring significant collaboration.
Requirements
- 3–5 years of relevant experience in fixed income operations, middle office, trade support, settlements, collateral management, or securities lending operations; direct securities lending experience is strongly preferred.
- Understanding of fixed income products, trade lifecycle controls, settlement practices, collateralized lending activity, and exception management.
- Strong analytical, problem-solving, and risk assessment skills, including the ability to identify root causes and drive timely resolution.
- Excellent written and verbal communication skills and the ability to coordinate effectively with front office, brokers, custodians, technology, and operations stakeholders.
- Ability to manage competing priorities, meet deadlines, and perform effectively in a fast-paced, high-volume environment.
- Proactive, detail-oriented, and accountable approach, with a continuous improvement mindset and commitment to a strong control environment.
- Ability to balance daily production responsibilities with project, automation, and process enhancement initiatives.
- Proficiency with Microsoft Office and business applications.
Nice To Haves
- Experience with securities lending, trade support, or settlement platforms such as Spire, EquiLend, Loanet, Aladdin, or custodian systems.
- Direct securities lending experience.
Responsibilities
- Monitor and support daily settlement of securities lending loans, returns, recalls, restructures, and sale-related activity; resolve exceptions and breaks in a timely manner.
- Serve as a primary operational contact for Securities Lending traders, broker-dealers, custodians, and internal Operations partners across the loan lifecycle.
- Manage operational issues through resolution, coordinating across impacted teams and communicating status, risks, and required actions clearly and promptly.
- Identify, escalate, and mitigate risks relating to settlement fails, buy-ins, loan recalls, corporate actions, restructures, overdrafts, and client or portfolio impact.
- Support cash-collateralized lending activity for fixed income products, including Corporate Bonds and U.S. Treasury securities, in accordance with established controls and procedures.
- Analyze activity, trends, breaks, and operating metrics to support management reporting, risk monitoring, and continuous improvement.
- Partner with technology and operations teams to identify automation opportunities, reduce manual risk, improve scalability, and enhance the control environment.
- Maintain internal and external relationships to support service levels, timely escalation, and effective issue resolution across the Securities Lending platform.
- Stay informed about industry initiatives, market structure changes, settlement practices, and regulatory developments affecting securities lending operations.
Benefits
- Market-competitive base salary and yearly bonus potential at every level.
- Medical, dental, vision, life, and disability insurance.
- Paid Time Off (PTO) and leaves of absence, including parental and military leave.
- 401(k) plan with company match up to 4%.
- Company-funded pension plan.
- Wellness programs, including up to $1,600 per year in reimbursement for items supporting personal wellbeing needs.
- Work/Life Resources covering 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 an approved degree and many accredited certificate programs.
- Employee Stock Purchase Plan, allowing shares to be purchased at 85% of the lower of the beginning or ending purchase-period price.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
