PGIM Fixed Income – Vice President, Derivative Operations

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Company: Prudential
Location: Newark, NJ

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PGIM Fixed Income – Vice President, Derivative Operations-GLO000NN

Description

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, New Jersey, London, Tokyo and Singapore. As of March 31, 2019, PGIM Fixed Income has $776 billion of assets under management including $334 billion in institutional assets, $135 billion in retail assets, and $307 billion in proprietary assets. Over 600 institutional asset owners have entrusted PGIM Fixed Income with their assets.

The Vice President of Derivatives Operations within Fixed Income Global Trade Services will manage a team of twenty-five across derivatives processing, trade life cycle management, collateralization, and reporting for portfolios managed by PGIM Fixed Income. The Vice President will ensure that derivatives operations priorities are aligned to business goals and will work with peers in other organizations, as well as trade/industry associates, to implement best practices. This position serves as the primary interface for derivatives clearing, and vendor relationships, pertaining to the trade settlement and collateralization practices.

Anticipate issues that may cause errors, or adversely affect the ability to meet deadlines, and act to prevent the risk of occurrences

Allocate and coordinate resources, as well as handle personnel related issues

Maintain a well-controlled support environment with process consistency
Motivate staff through effective management practices, coaching and mentoring
Create business objectives that align to broader PGIM Fixed Income strategies
Accountable for the successful contributions and effectiveness of department
Lead with a global perspective; may manage global team
Collaborate and Influence across the organization – think broadly and take other groups into consideration
Maintain competitive industry knowledge and client focus, with the ability to articulate this to most senior professionals
Negotiate with senior management, clients/customers, regulators, and vendors to influence decisions
Qualifications

  • Degree in Economics, Finance or Business preferred
  • 12-15 years of asset management experience supporting fixed income derivative products
  • Advanced understanding of derivative products (fixed income and equities), and the depositories they are settled through
  • Direct management of 10, or more, people
  • Strong analytical, interpersonal, management, and project management skills
  • Excellent written and oral communication skills
  • Strong ability to build relationships with internal and external business partners
  • Experience managing complex business relationships, leading meetings, and identifying appropriate escalation points

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 http://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, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

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.

Job Function Asset Management

Primary Location United States-New Jersey-Newark
Schedule Full-time