Job Classification:

Investment Management - Investment Operations

The Chief Investment Office's (CIO) is committed to being a trusted partner that delivers efficient and risk-smart operational solutions for investment activities. The Global Hedge Management (GHM) Operations team is seeking an Investment Operations Associate to join the team. GHM Operations provides trade support and back-office operations for Prudential Global Funding LLC, the Global Hedge Management team, as well as several affiliates. Primary support functions include ensuring the accurate maintenance of trade records for all OTC derivatives within the firm (for Prudential businesses only - excludes 3rd party managed and retail funds, non-guaranteed separate accounts), as well as certain exchange traded instruments from inception through maturity, confirmation and processing of payments related to derivatives activity, maintaining market data for purposes of trade valuations, management of collateral related to derivatives positions, and preparation of daily risk reports for management.

What you’ll do:

• Cash Processes: Act as the central point for all incoming or outgoing wire transfers for Prudential Global Funding (PGF). Some of the more critical functions associated with the Cash Desk include the daily bank reconciliation, cash projections and the processing of all US dollar and foreign denominated wires. Responsibilities may also include the daily preparation and processing of all interest rate swap payments, as well as any FX conversions and payments for both PGF and the Enterprise.
• Market Data Processes: Uploading and maintaining all the market data needed for the pricing and valuation of derivatives. Examples of this include setting the rates on all swaps, caps, floors and collars and ensuring the upload of the USD, FX, volatility and spread curves into the Summit system.
• Collateral Processes: Support the collateral service agreement (CSA) and initial margin requirements for cleared OTC and bilateral OTC derivatives. In addition to monitoring and reporting the exposure, responsibilities include responding to and instructing upon daily collateral calls. This includes substitutions, researching any disputed items, performing reconciliations of portfolios when disputes occur and managing the principal and interest processing of collateral posted and held.
• Maintenance of new trades and performing deal verification to ensure the accuracy of the trade details in the derivative system.
• Resolution of fails for all settlements.
• Research and resolve trade discrepancies.
• Responding to ad-hoc requests.

What you’ll need:

• Excellent interpersonal skills. Ability to communicate in a tactful, diplomatic manner.
• Good organization and time management skills.
• Ability to complete both daily and long-term assignments.
• Ability to work well under pressure and meet tight deadlines.
• Working knowledge of Microsoft Excel and Word.
• Excellent analytical skills and problem-solving skills.
• Ability to demonstrate a high degree of initiative.
• Able to communicate and work well in a team environment as well as independently.
• Detailed oriented.
• College degree.

What we offer you:

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 $51,200.00 to $76,200.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

• Market competitive base salaries, with a yearly bonus potential at every level. 

• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave. 

• 401(k) plan with company match (up to 4%). 

• Company-funded pension plan. 

• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs. 

• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and c