Prudential Annuities Distributors (PAD)
PGIM - Manager, Derivative Operations (Long/Short Operations)
Prudential Annuities Distributors (PAD), Newark, New Jersey, us, 07175
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!
* 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* 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* 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**Note**: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. **The salary range for this role is from $135,000 to $145,000**. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.**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.
Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week. Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential. #J-18808-Ljbffr
* 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* 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* 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**Note**: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. **The salary range for this role is from $135,000 to $145,000**. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.**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.
Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week. Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential. #J-18808-Ljbffr