Prudential Financial, Inc
Manager, Global Trade Services & Derivative Operations
Are you looking to grow your career within Operations and deepen your understanding of financial services products under the Asset Management umbrella? Are you looking to diversify your skill-set by expanding your quantitative skills with a growing organization? Our Fixed Income Operations team is seeking a Manager, Derivative Operations. The role is responsible for providing operational support and production oversight to the PGIM Fixed Income business for Futures, FX and Swap products. This includes providing support for trade confirmation and settlements functions as well as maintaining an open dialogue with Investment Teams, Custodian Banks and Broker Dealers.
Who are we?
PGIM Fixed Income is a top global fixed income asset manager with over $681 billion in assets under management. Our parent company is Prudential Financial, Inc. We are headquartered in Newark, NJ (U.S.) with affiliates in London, Tokyo and Singapore.
PGIM Fixed Income maintains a collegial and supportive work environment that promotes and rewards individual contributions while placing equal importance on results of the larger team. Associates within PGIM Fixed Income share their insights, skills, and diverse perspectives with a talented team working toward common goals. We place high priority on maintaining a work environment that develops, motivates, rewards, and retains employees. We offer a total rewards package that includes competitive pay, performance-based incentives, long-term savings opportunities, and just as important, support for life beyond work.
Job responsibilities may include:
Daily support and oversight of Futures & FX confirmation/settlement processes
Analyzing data received from custodian and data vendor
Maintaining and assisting with onboarding/client request for information
Overseeing production output of staff as well as researching/resolving confirmation discrepancies and fails
Gathering and/or analyzing key metrics with regards to activity
Being the primary operations point of contact for Futures & FX related matters
Help staff solve problems and incorporate new processes to mitigate risks
Help develop departmental policies, guidelines and procedures
Anticipating issues that may adversely affect the operational support of all derivative products and taking action to reduce the risk of occurrences
Proactively seeking ways to improve current processes by leveraging the tools available to identify inefficiencies.
Cultivating both internal and external relationships to ensure proper service levels are achieved for each fund supported
Communicating operational support changes and initiatives to all impacted areas of PGIM
K eeping abreast of industry initiatives and market trends that can impact our business model and/or offer opportunities to improve our processes
Futures & FX confirmation and settlements experience required (7 plus yrs)
Bachelors degree or equivalent experience
Skills in: Excel, V-LookUp, Pivot Tables, Macro building a plus
Strong knowledge of derivative products and/or other fixed income products and investment strategies
Previous supervisory experience a plus
Strong leadership skills
Strong analytical & problem solving skills
Ability to oversee both production and projects
Strong communication skills (written & verbal)
Solid understanding of application of business risk & operational controls
Enjoys a fast-paced, high-intensity environment
Able to multi-task and absorb information across a broad spectrum of products
Ability to organize, prioritize tasks and work in a deadline oriented environment
* Dependent upon the business, flexible work schedules are necessary to provide operational coverage to our business partners from 7:00 a.m. to 8:00 p.m. One of the responsibilities of this position includes the processing of wire transfers. In accordance with the Treasurer's Policy Background Screenings on Wire Transfer Associates, any candidates selected for this position will be required to submit to a background screening including an extensive background screening and credit check. Failure to comply will eliminate a candidate from consideration for this position. In addition, any negative information obtained as a result of the background screening may result in the disqualification of the candidate from this and any other position in Prudential, including their current one if they are an internal applicant. Prudential Investment Management follows the NYSE holiday schedule. This position also requires over-time during peak periods.
For more than 135 years, Prudential Financial, Inc., has helped individual and institutional customers grow and protect their wealth. Today, we are one of the world's largest financial services institutions with operations in the United States, Asia, Europe, and Latin America. We also have one of the most recognized and trusted brand symbols: The Rock ®, an icon of strength, stability, expertise, and innovation. We strive to create long-term value for our stakeholders through strong business fundamentals, consistent with our mission guided by our vision and directed by our company's core values. We are committed to keeping our promises and to doing business the right way.