Job Classification:

Investment Management - Investment Operations

The Associate Manager, Global Trade Services Collateral Management is responsible for direct management of a team while providing operational, research, and analytical support to the PGIM Fixed Income businesses for products such as OTC and Cleared Swaps, Futures, FX, Options, Repo and Securities Lending).

This individual is responsible for increasing organizational capabilities through efficiencies and scale. Coaching, developing and leading by example will be some of the expectations of this individual with respect to talent management. The Associate Manager is expected to anticipate issues that may introduce risk, cause errors and adversely affect the performance of our clients and funds. They will also provide support to the team in solving problems and incorporating new processes to mitigate risk. They are expected to have in depth knowledge of fixed income and derivative products, collateral management, be highly analytical and a problem solver, as well as have had previous management experience.

The team is responsible for the monitoring and settlement of daily collateral activities with numerous counterparties across multiple product types. In addition, the team works closely with internal Operations teams, portfolio managers, and broker dealers.

Job responsibilities may include:

• Reconciliation of trade details against executing and/or clearing counterparty

• Daily reconciliation and instruction of variation margin

• Daily monitoring of counterparty exposure, and resulting collateralization in accordance with our executed trading agreements (ISDA/CSA, GMRA/MRA, MSFTA, CDEA)

• Verify, place/respond, and instruct upon daily collateral margin calls. Including substitutions, research and resolution of disputed items.

• Assuming ownership for any operational issues that are raised and providing resolution in a manner that is seamless regardless of which operational issues are impacted.

• Anticipating issues that may adversely affect the operational support of all derivative products and taking action to reduce the risk of such occurrences.

• Proactively seeking ways to improve current processes by leveraging the tools available.

• Cultivating both internal and external relationships to ensure proper service levels are achieved and maintained for each fund supported.

• Keeping abreast of industry initiatives and market trends that can impact our business model and/or offer opportunities to improve our processes.

• Develop an understanding of the fixed income trading business and share knowledge with operations teams in order to increase service levels.

Requirements:

• Bachelor's Degree in Economics, Finance or Business preferred.

• Strong knowledge of derivatives and/or other fixed income products and investment strategies. (3-5 years experience supporting fixed income products or relevant experience)

• Collateral management experience is preferred.

• Previous supervisory/management experience required.

• Willingness and desire to learn and teach others.

• Proven ability to develop and cultivate relationships across all staff levels.

• Strong analytical and problemsolving skills.

• Selfmotivated and able to work in a team environment.

• PC skills with strong knowledge of Excel, portfolio management tools and mainframe applications.

• Strong written and verbal communication skills.

• Able to multitask and absorb information across a broad spectrum of products.

• Able to organize and prioritize tasks, working in a deadlineoriented environment.

This is a hybrid role based in our Newark, NJ office (on-site 2-3 times a week).

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With 960 employees and $790 bn assets under management, 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.

#LI-Hybrid

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Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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.

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

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