Senior Operations Associate , PGIM Investment Operations ( Hybrid / 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!  

What you will do

In this role, you'll support the day-to-day operations that help investment portfolios run smoothly and efficiently. Working across a variety of asset classes, including equities, fixed income, foreign exchange, and derivatives, you'll help ensure transactions, portfolio activity, and investment data are processed accurately and on time.

You'll partner closely with brokers, custodians, fund accountants, and internal business teams to resolve issues, maintain data integrity, and support critical portfolio activities. This role offers broad exposure to investment operations, asset servicing, reconciliation, and process improvement, providing an opportunity to build expertise while contributing to the overall success of the investment platform.

This position is based in our office in Newark, NJ and will follow a hybrid schedule. Our organization follows a hybrid work structure ( 3 days in office) where employees can work remotely and/ from the office, as needed, based on demands of specific tasks or personal work preferences. Working from the office is encouraged when working on tasks that require a high degree of collaboration.

Why Join Investment Operations? 

Investment Operations plays a critical role in supporting the investment process and ensuring the integrity of portfolio activity across the firm. Associates gain exposure to financial markets, portfolio management, trading, custodial relationships, fund accounting, derivatives, collateral, and operational risk management while developing skills in problem solving, data analysis, process improvement, and cross-functional collaboration. 

This role provides a strong foundation for a long-term career within investment operations, middle office, fund administration, risk management, investment management support, or related financial services functions.

What you can expect

Settlements & Transaction Support

• Support the settlement of investment transactions across multiple asset classes, including equities, fixed income, foreign exchange, and derivatives.

• Coordinate with brokers, custodians, fund accountants, counterparties, and internal business partners to facilitate accurate and timely transaction processing.

• Monitor and resolve settlement exceptions, unmatched transactions, failed trades, and operational issues impacting portfolio activity.

• Research and resolve inquiries related to trade, cash, FX, and other portfolio activity.

Reconciliations & Exception Management

• Perform cash, position, transaction, and other operational reconciliations between internal records and external service providers.

• Investigate and resolve reconciliation breaks through research, analysis, and coordination with internal and external stakeholders.

• Monitor operational controls and escalate material exceptions, processing breaks, or operational risks as appropriate.

• Maintain the accuracy and integrity of portfolio, accounting, and operational records.

Asset Servicing & Portfolio Support

• Support the processing and review of dividends, interest payments, corporate actions, reorganizations, class actions, security litigation proceeds, and other portfolio lifecycle events.

• Coordinate with custodians, brokers, fund accountants, and internal teams to ensure asset servicing events are processed accurately and timely.

• Investigate and resolve exceptions related to income, corporate action, and other asset servicing activity.

Derivatives, Margin & Collateral Support

• Support operational activities associated with derivative instruments, including futures, swaps, and other products as applicable.

• Monitor margin movements, collateral activity, and related o