PGIM: Senior Director, Securitized Products Credit Research (Hybrid/Newark, NJ)
Prudential FinancialAbout the role
Job Classification:
Investment Management - Portfolio ResearchA 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
A research position within the Securitized Products group of PGIM Fixed Income focused on CLO credit strategies. The successful candidate will work closely with portfolio management teams to analyze CLO investments, monitor portfolio positions, and contribute to investment decision-making. Responsibilities include analyzing CLO collateral and structures, conducting surveillance on existing investments, assigning and maintaining internal credit ratings, and evaluating relative value opportunities. The role also involves assessing CLO collateral managers, integrating macroeconomic and sector trends, and contributing to investment strategy and portfolio positioning. The candidate will collaborate with internal teams and external market participants including investment banks, rating agencies, and trustees, to support due diligence, transaction execution, and ongoing market insight.
This position follows a hybrid work model, with working 3 days in the Newark, NJ office and 2 days remote.
What you can expect
Contribute to capital deployment strategies by identifying investment opportunities across CLO transactions.
Present and support investment research and relative value analysis to portfolio management teams, influencing portfolio positioning.
Analyze CLO collateral, structural features, and documentation.
Track portfolio positions to evaluate credit risk, rating stability, cash flow performance, and relative value opportunities.
Conduct sensitivity and scenario analysis on CLO investments and automate analytical processes where appropriate.
Assess collateral behavior by integrating bottom-up analysis with macroeconomic and market trends.
Develop, enhance, and maintain analytical tools, models, and data pipelines to support research and portfolio monitoring.
Organize and process data from multiple sources to facilitate surveillance of collateral managers and tranche performance.
Perform ongoing surveillance of CLO portfolios, including monitoring collateral quality, manager behavior, and structural triggers.
Support due diligence on CLO collateral managers, including evaluation of business models, underwriting processes, and performance.
Assist in negotiation and review of structural terms and transaction documentation for new issue CLO investments.
Engage with market participants including collateral managers, rating agencies, trustees, and other investors to develop market insight.
Monitor industry trends, regulatory developments, and macroeconomic conditions impacting CLO markets.
Explore and implement advanced analytical techniques, including automation and natural language processing, to improve research efficiency.
Develop client-facing materials and support presentations for prospective and existing clients.
What you will bring
BA/BS degree, preferably in a quantitativ
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