PGIM Credit, Sr Associate, Asset Based Securities Research

Prudential Financial•Newark, NJ

5d•$145,000 - $155,000•Hybrid

About The Position

This is a research position on the Consumer Asset Based Securities (ABS) credit research team within PGIM Credit’s Securitized Products group. The successful candidate will work closely with the ABF and ABS portfolio management teams to help formulate Consumer ABS strategy and monitor the portfolio. The role analyzes transaction collateral and economic conditions; assigns and maintains internal credit ratings; reviews transaction structures and documentation; communicates with investment banking teams; evaluates investment suitability and relative attractiveness with portfolio managers and internal colleagues; conducts surveillance of existing investments; and follows industry trends. The role contributes to Consumer ABS investment strategy and portfolio decisions through issuer and collateral analysis, investment research, relative-value recommendations, risk monitoring, and market engagement. It also supports analytical tools and visualizations, ESG integration, and relationships with market participants. PGIM describes its work arrangement as hybrid, with three weekly in-office anchor days.

Requirements

Bachelor’s degree.
4–7 years of relevant experience in fixed income, securitized products, or consumer finance, with meaningful exposure to Consumer ABS or related consumer credit products.
Strong analytical and quantitative skills.
Exposure to consumer loan collateral, securitization structures, cash flow analysis, and key drivers of Consumer ABS performance.
Proficiency in Excel and some experience working with large datasets.
Strong attention to detail and ability to manage multiple assignments in a fast-paced environment.
Excellent communication and presentation skills, including the ability to articulate investment views clearly.
Intellectual curiosity and strong interest in Consumer ABS and consumer lending markets.

Nice To Haves

Programming and data visualization skills, such as Python, Power BI, or Tableau.
Experience with Intex and structured finance modeling.

Responsibilities

Identify high-impact opportunities across Consumer ABS sectors and issuers to support capital deployment strategies, investment idea generation, and market positioning.
Present and support investment research and relative-value trading strategies to the ABS portfolio management team.
Engage with issuer executive teams to analyze business models, operational strategies, and financial health, and develop and maintain internal credit ratings.
Integrate bottom-up historical data with top-down macroeconomic trends to assess issuer performance and inform risk-return expectations and security-level buy, hold, or pass decisions.
Design, enhance, and maintain analytical tools and visualizations to strengthen risk and analytics frameworks and generate actionable, data-driven insights.
Monitor consumer borrower performance trends, macroeconomic indicators, and legal and regulatory changes to inform Consumer ABS sector strategies.
Track Consumer ABS portfolio positions to evaluate credit risk, rating stability, and cash flow dynamics, and identify trading opportunities.
Contribute to proprietary ESG Impact Ratings and document ESG engagements.
Build and maintain relationships with buy-side investors, legal teams, rating agencies, sell-side firms, trustees, and other market participants to gain insight into market dynamics.
Analyze transaction collateral and economic conditions; review transaction structures and documentation; conduct surveillance of existing investments; and follow industry trends.

Benefits

Market-competitive base salary with yearly bonus potential.
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 eligible personal wellbeing purchases.
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 enrollment in an approved traditional college degree program and many accredited certificate programs.
Employee Stock Purchase Plan, allowing shares to be purchased at 85% of the lower of the prices at the beginning or end of the purchase period.
Potential eligibility for a discretionary annual incentive program, subject to applicable program rules and factors including individual and organizational performance.