Investment Operations Associate
Investment Operations Associate
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Job Description
Job Classification:
Investment Management - Investment OperationsThe Chief Investment Offices (CIO) is committed to being a trusted partner that delivers efficient and risk-smart operational solutions for investment activities. The Global Hedge Management (GHM) Operations team is seeking an Investment Operations Associate to join the team. GHM Operations provides trade support and back-office operations for Prudential Global Funding LLC the Global Hedge Management team as well as several affiliates. Primary support functions include ensuring the accurate maintenance of trade records for all OTC derivatives within the firm (for Prudential businesses only - excludes 3rd party managed and retail funds non-guaranteed separate accounts) as well as certain exchange traded instruments from inception through maturity confirmation and processing of payments related to derivatives activity maintaining market data for purposes of trade valuations management of collateral related to derivatives positions and preparation of daily risk reports for management.
What youll do:
Cash Processes: Act as the central point for all incoming or outgoing wire transfers for Prudential Global Funding (PGF). Some of the more critical functions associated with the Cash Desk include the daily bank reconciliation cash projections and the processing of all US dollar and foreign denominated wires. Responsibilities may also include the daily preparation and processing of all interest rate swap payments as well as any FX conversions and payments for both PGF and the Enterprise
Market Data Processes: Uploading and maintaining all the market data needed for the pricing and valuation of derivatives. Examples of this include setting the rates on all swaps caps floors and collars and ensuring the upload of the USD FX volatility and spread curves into the Summit system
Collateral Processes: Support the collateral service agreement (CSA) and initial margin requirements for cleared OTC and bilateral OTC derivatives. In addition to monitoring and reporting the exposure responsibilities include responding to and instructing upon daily collateral calls. This includes substitutions researching any disputed items performing reconciliations of portfolios when disputes occur and managing the principal and interest processing of collateral posted and held
Maintenance of new trades and performing deal verification to ensure the accuracy of the trade details in the derivative system.
Resolution of fails for all settlements
Research and resolve trade discrepancies
Responding to ad-hoc requests
What youll need:
Excellent interpersonal skills. Ability to communicate in a tactful diplomatic manner
Good organization and time management skills
Ability to complete both daily and long-term assignments
Ability to work well under pressure and meet tight deadlines
Working knowledge of Microsoft Excel and Word
Excellent analytical skills and problem-solving skills
Ability to demonstrate a high degree of initiative
Able to communicate and work well in a team environment as well as independently
Detailed oriented
College degree
What we offer you:
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 $51200.00 to $76200.00. Specific pricing for the role may vary within the above range based on many factors including geographic location candidate experience and skills.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 $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 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 .
If you are experiencing a technical issue with your application or an assessment please email to request assistance.
Required Experience:
IC
Employment Type
Full-Time
