PGIM - Manager, Derivative Operations (Long/Short Operations)
2 days ago• Newark, NJ
Job Classification:
Investment Management - Investment Operations
A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE
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. At PGIM, You Can!
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What you will do
The Manager in Derivative Operations is responsible for providing operational support and production oversight to the PGIM's fixed income group for Futures, FX and Swap products. This includes oversight of the Long/Short Operations team. The role will demand the ability to perform confirm and settlements functions, derivative life-cycle processing, as well as maintaining an open dialogue with Investment Teams, Custodian Banks, Clearing Brokers, Prime Brokers, and Broker Dealers.
This is a hybrid role based in Newark, NJ, where the team is on-site 3 times a week
What you can expect
- 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
What you will bring
- 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
What will set you apart?
- 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.
Dependent upon the business, flexible work schedules are necessary to provide operational coverage to our business partners from 7:00 a.m. to 8:00 p.m. One of the responsibilities of this position includes the processing of wire transfers. In accordance with the Treasurer's Policy "Background Screenings on Wire Transfer Associates", any candidates selected for this position will be required to submit to a background screening including an extensive background screening and credit check. Failure to comply will eliminate a candidate from consideration for this position.
In addition, any negative information obtained as a result of the background screening may result in the disqualification of the candidate from this and any other position in Prudential, including their current one if they
are an internal applicant. PGIM follows the NYSE holiday schedule. This position also requires over-time during peak periods.
#LI-Hybrid
#LI-SC1
What we offer you:
- 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 Programsincluding 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.
Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
Client-provided location(s): Newark, NJ
Job ID: Prudential-R-122883
Employment Type: FULL_TIME
Posted: 2026-01-09T18:39:30
Perks and Benefits
Health and Wellness
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- FSA
- FSA With Employer Contribution
- HSA
- HSA With Employer Contribution
- Health Insurance
Parental Benefits
- Adoption Leave
- Birth Parent or Maternity Leave
- Adoption Assistance Program
- Family Support Resources
Work Flexibility
Office Life and Perks
Vacation and Time Off
- Paid Holidays
- Personal/Sick Days
Financial and Retirement
- 401(K)
- 401(K) With Company Matching
- Pension
- Stock Purchase Program
Professional Development
Diversity and Inclusion