drjobs PGIM Fixed Income: Associate, Structured Products - RMBS (Hybrid/Newark, NJ)

PGIM Fixed Income: Associate, Structured Products - RMBS (Hybrid/Newark, NJ)

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1 Vacancy
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Job Location drjobs

Newark - USA

Monthly Salary drjobs

$ 135000 - 145000

Vacancy

1 Vacancy

Job Description

Job Classification:

Investment Management Portfolio Research

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential were always looking for ways to improve financial services. Were passionate about making a meaningful impact touching the lives of millions and solving financial challenges in an everchanging 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 youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading global asset managers!

If youre not afraid to think differently and challenge the status quo come and be a part of a dedicated team thats investing in your future by shaping tomorrow today.

At PGIM You Can!

What you will do

The successful candidate will work closely with the research and portfolio management teams to formulate the mortgage credit strategy evaluate credit risk and monitor the RMBS portfolio. The successful candidate will be responsible for analyzing collateral reviewing documentation packages and communicating with internal and external counterparties to assess and present the credit risk of RMBS investments.

What you can expect

  • Collaborate with members of the mortgage credit research team to underwrite public and private RMBS investment opportunities

  • Analyze mortgage collateral and assess risk by conducting stress testing and scenario analysis

  • Monitor existing positions and identify trading opportunities

  • Participate in issuer due diligence calls roadshow meetings and onsite due diligence trips

  • Develop and support existing models and visualization tools utilizing various programming languages and technology

  • Provide support for presentations to prospective and existing clients

  • Present investment opportunities to Structured Product RMBS portfolio management and trading teams

  • Assist in reviewing deal documents

  • Contribute to ESG reviews and help determine the proprietary ESG Impact score

What you will bring

  • BA/BS degree (MBA MS and/or CFA are pluses)

  • Candidate should have 4 years of experience in RMBS markets

  • Strong understanding of fixed income valuation methods and risk measures

  • Strong technical background knowledge of SQL Python or Tableau a plus

  • Familiarity with generating collateral performance assumptions evaluating credit risk and/or negotiating deal terms

  • Familiarity with RMBS issuers intermediaries and investors

  • Works well as part of a team and enjoys a fast paced high intensity environment

  • Possesses strong communication and presentation skills

  • Possesses strong attention to detail

*PGIM welcomes all applicants even if you dont meet every requirement. If your skills align with the role we encourage you to apply.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The annual base salary range for this role is from $135000 to $145000. Specific pricing for the role may vary within the above range based on many factors including geographic location candidate experience and skills.

About PGIM Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $862Bn assets under management as of March 2025 the company has offices in Newark London Letterkenny Amsterdam Munich Zurich Tokyo Hong Kong and Singapore. Our business climate is a safe inclusive environment centered around mutual respect intellectual honesty transparency and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.

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%).

  • Companyfunded pension plan.

  • Wellness Programs including up to $1600 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 Work Life Balance Prudential Careers. Some of the above benefits may not apply to parttime employees scheduled to work less than 20 hours per week.


Required Experience:

IC

Employment Type

Full-Time

About Company

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