PGIM Fixed Income: Sr. Associate, ABF Research - Securitized Products (Hybrid/Newark, NJ)

Job Classification:

Investment Management - Portfolio Research

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

Seeking an experienced researcher to support the ABS credit research team within the public and private Securitized Products group of PGIM Fixed Income ($118bn assets under management). The successful candidate will work closely with the ABS research and ABS portfolio management teams to help formulate ABS strategy and help monitor the ABS portfolio. The successful candidate will be responsible for analyzing transaction collateral, assigning internal credit ratings, reviewing transaction documentation packages, communicating with investment banking teams, working closely with portfolio management and other internal colleagues to determine investment suitability and relative attractiveness, conducting surveillance on existing investments, and following industry trends.

What you can expect

• Collaborate with the consumer, esoteric and/or commercial ABS / ABF research Principals to underwrite new issue and secondary investment opportunities

• Create and maintain models and visualization tools utilizing various programming languages and technology

• Assist in performing due diligence on issuers via conference calls, roadshow meetings, and on-site due diligence trips

• Contribute to ESG reviews and help determine the proprietary ESG Impact score

• Assist in the ongoing monitoring and analysis of portfolio positions to assess credit risk, credit ratings stability, cash flow volatility, portfolio positioning and trading opportunities

• Work closely with various internal and external parties to understand and maintain our risk and analytics

• Provide support for presentations to prospective and existing PFI Clients

• Present investment opportunities to Structured Product ABS portfolio management and trading teams

• Build and maintains relationships with sell side firms to source opportunities

What you will bring

• BA/BS degree (MBA, MS and/or CFA are pluses)

• Candidate should have 3-5 years of experience in consumer, esoteric and/or commercial ABF / ABS markets

• Understanding of database structures and ability to query databases

• Solid capabilities in fixed income mathematics

• Comfortable running bonds through Intex

• Knowledge of SQL and Tableau a plus

• Prior experience generating collateral performance assumptions, evaluating credit risk and/or negotiating deal terms

• Familiarity with ABF/ABS issuers, intermediaries, and investors

• Works well as part of a team and enjoys a fast paced, high intensity environment

What will set you apart?

• Possesses strong communication and presentation skills

• Possesses strong attention to detail and excellent creative and technical skills

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What we offer you

• Medical, dental, vision, life insurance and PTO (Paid Time Off)

• Retirement plans: 401(k) plan with generous company match (up to 4%) and company-funded pension plan

• Wellness Programs to help you achieve your wellbeing goals, 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 health, and career development.

• Tuition Assistance to h