PGIM Senior Director, Product Development - Public & Private Fixed Income ( Hybrid/ Newark, NJ)

Job Classification:

Product Management - Product Management

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 

We are seeking an individual to join our growing Product Development team. Our team manages the product development lifecycle for PGIM and plays a critical role in creating, structuring, and delivering innovative investment strategies (public and private) to global investors across all channels (including retail, institutional, insurance and private wealth).

This role will co-lead the strategic initiatives, primarily focused on creating, structuring and delivering innovative private credit and public fixed income investment solutions for the institutional channel. The individual who fills it will have an immediate impact, leading the implementation of new fund launches and creation of innovative fund structures.

This individual will play a key role in driving the growth of PGIM’s alternatives efforts globally, by having a deep expertise on the current investment vehicle structure landscape and translating this knowledge to help design competitive products. This person will partner cross-functionally with the investment, distribution, marketing, legal, tax and business operations teams, including senior leadership and executive stakeholders.

Strong analytical skills, experience in the asset management industry and the ability to independently drive product-related initiatives are a must. Leadership with humility, detail-orientation, clear communication, and teamwork will be critical characteristics necessary to succeed in this role.

This position reports to the Head of Institutional and Non-US Product Development for PGIM based in Newark, NJ following a hybrid schedule ( 3 days in the office) . The individual to fill the role will be expected to manage a small team and co-lead all institutional product development efforts across public & private fixed income alongside a Europe-based colleague.  This is an excellent opportunity for someone with strong investment product experience who is very motivated to learn/get exposed to the wide breadth of business and strategy of the PGIM organization.

What you can expect 

• Collaborate with key stakeholders across distribution, product strategy, portfolio management, marketing, legal, tax, technology, business operations and compliance to bring strategies to market that continuously meet evolving client needs

• Oversee and execute cross-functional activities spanning the product lifecycle including product design, development, approval, go-to-market preparedness, post-launch operational readiness, and related infrastructure build-out

• Partner with the investment teams, legal and tax counsel to define structuring for private products (covering closed-end, open-end and evergreen structures)

• Lead cross-functional activities related to the design and launch of new alternative investment products

• Manage product pipeline content and meet with internal stakeholders to communicate new activities

• Act as subject matter expert for the firm on the PGIM Public & Private Fixed Income commingled funds platform, key fund structuring concepts, distribution markets and channels globally, and the impact of local regulations; leverage knowledge to support innovation

• Maintain technical expertise and understanding of regulatory, legal and tax frameworks, proactively considering the implications on new and existing products and responses to changing requirements

What you will bring 

• Minimum of 11 years relevant experience required in the asset management industry and preferably in the private credit and fixed income market, and related vehicle structures

• Capacity to handle multiple projects simultaneously; strong execution and follow through skills in a fast-paced environment

• Intellectually curious, goal-oriented individual, se