Public Fixed Income | Associate Manager, CLO Business Management
A GLOBAL LEADING ASSET MANAGER 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!
What you will do
The Associate Manager is responsible for providing support to the PGIM Public and Private Fixed Income CLO business.
What you can expect
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• Monitor CLO platform and provide solutions to support trading desk by determining investment eligibility across funds.
• Review and analyze legal documents to provide accurate investor reporting and understand all underlying eligibility requirement.
• Support fund launches from an operational perspective from Pricing to Closing date, including review of Flow of Funds.
• Manage team's monthly investor reports deliverables to ensure test, trading activity, and other deal trend accuracy.
• Oversight and ownership of all data attributes within the compliance application to provide optimal support to CLO Analysts and Portfolio Managers.
• Primary point of contact for activities performed by the CLO Business Management Team, specifically for monthly trustee reports.
• Reconcile holdings and 50+ data attributes between internal compliance application against the Trustee(s) data for his/her respective deal on a monthly basis.
• Calculate and verify quarterly distribution payments made to Dryden CLO investors.
• Reconcile and investigate cash discrepancies with trustees and internal/external operational teams.
• Test and validate new compliance model as per the CLO Indenture; provide feedback to vendor, if needed.
• Establish proper controls and create efficiencies to mitigate risk and improve processes.
• Manage internal relationships (Operations, Analysts, Portfolio Managers, Technology) and external members (Trustees and Investors) to ensure proper service levels are achieved.
• When required, perform Hypothetical Trade tests; manage process with internal Product Support team and Trustees daily.
• Develop an understanding of the Fixed Income trading business and use that knowledge to increase service levels.
What you will bring
- 4 to 5 years of Collateralized Loan Obligations (CLOs) and/or Bank Loans experience.
- Familiar with key tests within the Indenture - OC/IC, WAS, WARF, WAC, C-Basket, Discount Obligations, and other haircuts
- Experience with any CLO Compliance system preferred.
- Experience with S&P's Wall Street Office and/or BlackRock's Aladdin.
- Outstanding academic achievement, extracurricular involvement and work experience
- Strong knowledge of Fixed Income products, investment strategies, and derivatives preferred
- Strong analytical and problem-solving skills.
- Self- starter, self-motivated, and ability to work within a team environment.
- Willingness and desire to learn and teach others.
- Strong knowledge of Excel; VBA a plus
- Strong written and verbal communication skills.
- Ability to work in a fast-paced, high-intensity environment.
- Able to multi-task and manage multiple projects/requests in a timely manner.
Dependent upon the business, flexible work schedules are necessary to provide coverage to our business partners from 7:00 a.m. to 8:00 p.m. This position also requires over-time during peak periods (Quarter/Month end).
PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
What we offer you
- Private Medical Insurance: PGIM offers private medical insurance and pays the full premium on behalf of all employees.
- Annual Leave of 25 to 28 days, based on years of service, at full pay.
- Retirement Savings Plan: Employees receive a company contribution of 10% basic annual salary and a maximum employer-matching contribution of 5% of basic annual salary.
- Life Assurance & Income Protection: Life Assurance for 8 times your basic annual salary, up to a max benefit of £1.8million. 60% of your basic annual salary for a limited payment terms of 5 years, at the end of which a capital sum of 2x your basic annual salary is payable.
To find out more about our Total Reward package, visit https://youtu.be/acuhcv46Nz0
About PGIM Public and Private Fixed Income
PGIM Public and Private Fixed Income is a global asset manager offering active solutions across all fixed income markets.
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.
For more information, please visit PGIM Public and Private Fixed Income
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Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services, some of which may not be available in your area.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
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.
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