Associate, Derivatives Trade Operations | PGIM Investment Operations ( Hybrid/ Newark, NJ)

Prudential Financial; Newark (NJ); On-site; USD 100,000 - 120,000; Full time

Benefits offered by this job

Market-competitive base salary

Annual bonus potential

401(k) with company match

Health/dental/vision insurance

Paid time off and parental leave

Wellness programs

Job summary

PGIM, the global asset management arm of Prudential, seeks an Investment Operations professional to support the derivative trade lifecycle from validation to settlement. Based in Newark, NJ, this hybrid role collaborates with investment teams, clients, and counterparties to strengthen controls and drive efficiency.

The ideal candidate has 4–7 years in investment operations, strong analytical skills, and experience with post-trade processes.

Qualifications

• Bachelor's degree in finance or related field.
• 4–7 years of experience in investment operations or derivatives operations.
• Strong analytical and problem-solving skills with attention to detail.

Responsibilities

• Support end-to-end derivative lifecycle activities: validation, confirmations, settlements, and lifecycle events.
• Maintain books, records, positions, and data in Aladdin and related platforms.
• Coordinate with brokers, custodians, and internal teams to resolve exceptions and improve processes.

Skills

Derivative operations

Trade support

Settlements

Collateral management

Reconciliations

Education

Bachelor's degree in Finance/Accounting/Business/Economics

Tools

Aladdin

Job description

Job Classification: Investment Management - Investment Operations

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

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!

What you will do

In this role, you’ll support the accurate and efficient execution of the derivative trade lifecycle, supporting investment teams, clients, and counterparties through trade validation, settlement, collateral management, and operational oversight. By maintaining strong controls, resolving exceptions, and driving process improvements, the role contributes to operational excellence, risk mitigation, and the integrity of investment operations across complex derivative products. This position is based in our office in Newark, NJ and will follow a hybrid schedule. Our organization follows a hybrid work structure ( 3 days in office) where employees can work remotely and/ from the office, as needed, based on demands of specific tasks or personal work preferences. Working from the office is encouraged when working on tasks that require a high degree of collaboration.

What you can expect

Support the end-to-end operational lifecycle of derivative products, including trade validation, confirmations, settlements, clearing, lifecycle events, and exception management. Validate and maintain derivative trade activity in Aladdin and related platforms, ensuring accurate books and records, positions, and downstream operational data. Process and monitor derivative settlements, collateral movements, margin activity, cash interest, and related payment workflows in accordance with established controls. Perform daily reconciliations with executing brokers, clearing brokers, custodians, and internal systems to identify, research, and resolve trade, cash, position, and commission breaks. Partner with internal teams and external counterparties to resolve operational exceptions, settlement issues, collateral disputes, and trade lifecycle inquiries. Maintain strong operational controls by following documented procedures, completing daily checklists, escalating issues timely, and supporting audit or risk management requests. Prepare recurring and ad hoc reporting related to derivative activity, reconciliations, exceptions, fails, and operational performance metrics. Identify opportunities to improve workflows, increase automation, reduce manual touchpoints, and strengthen scalability across derivative operations processes.

What you will bring

Bachelor's degree in Finance, Accounting, Business, Economics, or a related field preferred; all majors considered. 4–7 years of experience in investment operations, trade support, settlements, collateral management, derivatives operations, or a related financial services environment. Knowledge of post-trade operational processes, including trade support, settlements, reconciliations, cash processing, and operational controls. Strong analytical and problem-solving skills with the ability to investigate exceptions, identify root causes, and implement effective solutions. Experience working collaboratively with internal teams and external counterparties in a fast-paced operational environment. Strong attention to detail, organizational skills, and commitment to maintaining accurate books, records, and operational controls. Intermediate or advanced proficiency with Microsoft Office Suite.

What will set you apart?

Experience supporting derivative products such as swaps, futures, options, FX forwards, cleared derivatives, or bilateral OTC instruments. Experience with Aladdin or other investment operations platforms. Knowledge of derivative confirmations, clearing, settlement, collateral, margin, or reconciliation processes. Familiarity with broker-dealers, custodians, clearing merchants, fund administrators, regulatory requirements, and operational risk frameworks within a derivatives environment.

PGIM welcomes all applicants, even if you don't meet every requirement.

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 $100,000 to $120,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

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).
• 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.

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.

To maintain the integrity and security of our hiring process, Prudential may use identity verification technologies. Your consent will be obtained before any verification takes place. If you need an accommodation to complete the application process, please email [e-mail]. If you are experiencing a technical issue with your application or an assessment, please email [e-mail] to request assistance.

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 manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

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.