PGIM Quantitative Solutions, Sr Trader, Principal (Hybrid)

Job Classification:

Investment Management - Investments

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 can expect:

The PGIM Quantitative Solutions (PQS) trading team is responsible for the accurate and timely execution of trades submitted by portfolio managers. Trading must be conducted in a way that meets best execution requirements expected by PQS’s investment management clients.  In addition to execution responsibilities, the trade team monitors the performance of trades and trading counterparties; ensures that trades are accurately filled in a timely manner; sees that trade results are quickly reconciled and incorporated into portfolio management and accounting systems; evaluates brokers, counterparties and trading technologies. The team works very closely with portfolio management and reports daily on trading performance and market conditions.  Most equity trading involves large baskets of securities and may involve balanced, or unbalanced trades.  Although the team’s primary focus is on global equity trading, it is also responsible for trading a variety of other securities around the world including a variety of derivatives and some fixed income instruments. Most trading is accomplished within a normal business day, however, this position may entail work outside of conventional business hours to accommodate trading on international stock exchanges.

What you will do:

• Trading derivatives, equities and other financial instruments on US and International portfolios.
• Manage rolls of domestic and international futures contracts.
• Monitor contributions and withdrawals and futures positions in equity portfolios.
• Prepare baskets for agency and principal trading.
• Work block trades.
• Prepare detail analysis of international trades; run individual or aggregate pre-trade and post trade analyses.
• Reconcile post trade performance and monitor individual broker performance.
• Monitor developments affecting broker capabilities and business stability.
• Monitor and report on market conditions.
• Monitor developments in trade execution theory and practice, including new execution venues and tools used by institutional trade desks.
• Keep abreast of academic and industry literature relevant to trading.
• Back-up head trader when required.
• Collaborate with senior management to provide feedback on market conditions, client needs, and emerging trends to shape future offerings.

What you will bring:

• Bachelor’s degree with corresponding experience.
• At least 7-10 years working in a domestic/international trading environment trading equities and futures.
• Experience with various trading algorithms and platforms.
• Strong understanding of investment management processes, equity and fixed income markets and procedures and controls related to trading, portfolio accounting and portfolio administration; this includes a strong understanding of trade entry, settlement and reconciliation processes.
• Knowledge of international equity and currency markets and institutions.
• Working knowledge of modern portfolio theory, stock market microstructure. 
• Strong understanding of the basics of trade cost measurement including VWAP and implementation shortfall.
• Strong quantitative and analytical skills; some experience with computing languages and database structure is helpful.
• Excellent communicator, negation, and relationship building skills.
• Highly organized and detail-oriented.

What will set you apart:

• MBA and/or CFA (or working towards) strongly preferred,
• Programming skills
• Advanced skills in Excel and capable of working with large data sets.
• SWAP/FX Trading Experience
• AI Related Training

PGIM believes in the Power of a Hybrid work arrangement.  The Power of Hybrid is both the flexibili