Fixed Income Analyst, Sr. jobs in the United States

Job Classification:

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $770bn assets under management, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Tokyo, Hong Kong, and Singapore. 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.

The Confirmations and Settlement Analyst is responsible for providing middle office operational support to the PGIM Fixed Income business. This includes serving as a senior member of the confirmation and settlements team, supporting the primary control layer within the trade lifecycle. The Analyst acts as a main point of contact for internal and external business partners. The individual in this role is knowledgeable in operational support requirements of fixed income and equity products, and settlement procedures. Knowledge and experience in the support of complex securities such as private placements, mortgage back securities, structured products, distressed debt and equity processing also beneficial.

Job responsibilities may include:

• Daily production and technical support of Confirmation and Settlement operations for complex securities such as private placements, mortgage back securities, structured products, distress debt and equity
• Possess working knowledge of settlement mechanics including familiarity with primary depositories such as DTCC, Fed, and Euroclear
• Support free of payment transactions, cash wire, physical delivery, DTCC transaction such as DWAC and DRS
• Facilitating trade flow processes and ensuring trades are matched on the industry confirmation platform, confirmed in the trade system, and settled in the market
• Serving as primary liaison between the internal operations team and external custodian banks, transfer agents and counterparties (broker dealers)
• Support local projects and enhancement initiatives for the team
• Providing timely resolution to operational issues raised by critical business partners
• Actively researching/resolving trade discrepancies with internal and external stakeholders
• Monitoring daily trade status reports including fails data
• Gathering and/or analyzing key metrics with regards to activity
• Help maintain departmental policies, guidelines and procedures
• Help resolve problems and introduce new processes to mitigate risk and enhance controls
• Anticipating issues that may adversely affect the operational support 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
• Keeping abreast of industry initiatives and market trends that can impact our business model and/or offer opportunities to improve our processes

Requirements

• 3 to 5 years of middle office experience, required
• Confirmation and settlements operations experience, strongly preferred
• Bachelors degree or equivalent experience
• Skills in: Excel, V-LookUp, Pivot Tables, Macro building, a plus
• Strong knowledge of global markets, trade lifecycle and industry technology (DTCC CTM, Swift, Bloomberg),
• 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

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 $80,000 to $105,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits.

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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.