Prudential

PGIM Fixed Income - Analyst, Derivative Operations

3+ months agoNewark, NJ

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With 950 employees, the company has offices in Newark, London, Tokyo, Amsterdam, Ireland, Munich, Zurich, Hong Kong, Letterkenny and Singapore. As of September 30, 2020, the firm has $946 billion of assets under management. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.

Overview:
The Analyst in Derivative Operations is responsible for providing operational support and production oversight to the PGIM Fixed Income business for Fx/Futures/Options products. This includes providing support for trade confirmation and settlements functions as well as maintaining an open dialogue with Investment Teams, Custodian Banks, FCMs, Prime Brokers, Vendors, and Broker Dealers.

Job responsibilities may include:

Daily support and oversight of Fx/Futures/Options confirmation, settlement, and reconciliation processes

Actively research/resolve confirmation discrepancies and fails

Act as the primary operations point of contact for Fx/Futures/Options 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


Qualifications:
• Fixed Income 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
• Enjoys a fast-paced, high-intensity environment
• Able to multi-task and absorb information across a broad spectrum of products
• Ability to organize, prioritize tasks and work in a deadline oriented environment

Job ID: Prudential-GLO000PC