PGIM - Sr. Associate, Trade Management
Prudential Annuities Distributors (PAD), Newark, New Jersey, us, 07175
Job Classification:Investment Management - Investment Operations**A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE****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* 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.#LI-SC1#LI-Hybrid# **What we offer you:**# * **Market competitive base salaries, with a yearly bonus potential at every level.*** **Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.*** 401(k) plan with company match (up to 4%).* Company-funded pension plan.* **Wellness Programs**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 and mental health, and career development.* **Education Benefit** to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.* **Employee Stock Purchase Plan:** **Shares** can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.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! Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment #J-18808-Ljbffr
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* 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.#LI-SC1#LI-Hybrid# **What we offer you:**# * **Market competitive base salaries, with a yearly bonus potential at every level.*** **Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.*** 401(k) plan with company match (up to 4%).* Company-funded pension plan.* **Wellness Programs**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 and mental health, and career development.* **Education Benefit** to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.* **Employee Stock Purchase Plan:** **Shares** can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.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! Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment #J-18808-Ljbffr