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 

PGIM Private Capital’s Investment Operations team is looking for a results-driven, analytical, and highly motivated individual for a Senior Associate position in their Newark office.  The primary responsibility of this role is to support the operations of trade activities for PGIM Private Capital. The individual will assist with capturing trade data, coordinating cash management with external teams, performing trade reconciliations, and supporting auditing processes. This role will also help with cash and custody functions within the unit, ensuring accuracy and compliance with internal policies.

This position is based in our office in Newark, New Jersey and will follow a hybrid schedule (3 days in office).

What you can expect 

• Assist with daily trade operations across the trade lifecycle, including trade capturing, allocations, settlements, and reconciliations in the appropriate systems and platforms.
• Collaborate with internal teams such as investment teams, portfolio managers, and back-office operations to help ensure smooth execution and settlement of trades.
• Provide operational support for ad-hoc requests within PPC and external third parties.
• Monitor trade activity to confirm investments are accurately recorded.
• Support reconciliations by reviewing daily and weekly reports to ensure accuracy and adherence to internal policies.
• Assist with hedge model reviews alongside deal teams and Pru Global Funding to help mitigate foreign currency risk for non-USD assets.
• Help with cash reconciliation of third-party bank accounts to ensure principal and interest activity is properly recorded for shadow recordkeeping purposes.
• Participate in portfolio management support, including asset allocation and execution of asset moves between accounts or portfolios.
• Follow audit and risk protocols to maintain a controlled operating environment.
• Assist with audit coordination, including gathering documentation for annual 10-K, 10-Q, and SOX audits.
• Participate in system testing (UAT) to identify opportunities for operational efficiency.
• Ensure proper documentation of transactional activity within required timeframes and compliance with record retention policies.
• Support settlement processes, including reviewing wires within required timeframes following established protocols.

What you will bring 

• Bachelor's Degree and 1 - 2 years experience in the banking/financial service industry
• Strong attention to detail with the ability to maintain accuracy in a high-volume, deadline-driven environment.
• Ability to work independently and interact effectively with team members and other internal/external partners
• Interest in investment operations and financial markets with a willingness to develop technical expertise.
• Proficient in managing access & use across multiple banking portals and internal systems
• Working knowledge of Microsoft Office Suite

What will set you apart? 

• High level of self-motivation and dedication
• Excellent communication and analytical skills
• Organizational skills to manage multiple tasks and prioritize effectively.

Note: 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 $75,000 to $80,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

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What we offer you:

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