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PGIM Fixed Income: Principal, Residential Mortgage Whole Loans

Prudential Financial
United Statesfull_timeVerifiedPosted 26 Jun 2025

About the role

Job Classification:

Investment Management - Investments

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 

PGIM Fixed Income is seeking a highly experienced and strategic Principal to support the buildout and execution of our Residential Mortgage Whole Loan (RML) investment platform. This individual will play a key role in developing infrastructure, managing transactions, and ensuring operational excellence across the residential mortgage loan lifecycle.

What you can expect 

  • Spearhead the buildout of PGIM FI’s residential whole loan investing capabilities. Architect a robust and repeatable investment process by working with key stakeholders across Prudential.

  • Infrastructure: Setup legal structure to hold loans. Onboard and integrate new service providers: custodians, servicers, data providers, and accounting systems among others.

  • Transaction Management: Provide transactional support for RML investments including MLPA negotiations, TPR, and DD oversight.

  • Reporting and Data: Ensure proper data delivery (including analytics) to downstream stakeholders.

  • Collaborate with the private asset-based finance team to provide transactional support (while new resources arrive) and assist with residential mortgage transactions.

What you will bring 

  • Bachelor's degree in finance, business administration, or a related field. MBA or advanced degree preferred.

  • Minimum of 10 years of experience in asset-based finance, with a strong track record of leadership and operational management. Experience in residential whole loan buildout and private ABF opportunities is highly desirable.

  • Strong strategic thinking and problem-solving skills. Excellent leadership and team management abilities. Proven ability to drive business growth and operational efficiency. Strong understanding of risk management and regulatory compliance.

  • Excellent communication and interpersonal skills. Ability to build and maintain relationships with key stakeholders at all levels.

 

Why Join PGIM:

  • Innovative Environment: Be part of a forward-thinking organization that values innovation and continuous improvement.

  • Career Growth: Opportunity to lead and shape the future of PGIM's ABF business.

  • Collaborative Culture: Work with a team of talented professionals in a collaborative and supportive environment.

  • Competitive Compensation: Attractive compensation package, including performance-based incentives and comprehensive benefits.

  

About PGIM Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With 1000+ employees and $862Bn assets under management as of March 2025, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Paris, Sydney, 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.

 

What we offer you:<

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Company

Prudential Financial

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