Investment Operations Associate, Global Hedge Management

Prudential Financial; Newark (NJ); On-site; USD 51,000 - 77,000; Full time

Job summary

A leading company in investment management is seeking an Investment Operations Associate for their Global Hedge Management team. The role will involve supporting trade operations, maintaining essential market data, and ensuring accurate processing of collateral. Candidates should possess strong analytical abilities and interpersonal skills, with a commitment to managing deadlines effectively. Competitive salary and benefits are offered, including a bonus potential and comprehensive packages for health and education.

Benefits

Market competitive salaries

401(k) plan with company match

Company-funded pension plan

Wellness Programs

Education Benefit for college enrollment

Employee Stock Purchase Plan

Qualifications

• Excellent interpersonal skills and ability to communicate tactfully.
• Good organization and time management skills.
• Ability to work well under pressure.

Responsibilities

• Responsible for cash processes, including handling wire transfers.
• Maintain and upload market data for derivatives pricing.
• Support collateral processes and manage trade discrepancies.

Skills

Interpersonal Skills

Organization

Time Management

Analytical Skills

Problem-Solving Skills

Education

College degree

Tools

Microsoft Excel

Microsoft Word

Job description

Investment Operations Associate, Global Hedge Management

Join to apply for the Investment Operations Associate, Global Hedge Management role at Prudential Financial

Investment Operations Associate, Global Hedge Management

Join to apply for the Investment Operations Associate, Global Hedge Management role at Prudential Financial

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Job Classification:

Investment Management - Investment Operations

The Chief Investment Office's (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 you’ll 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 you’ll 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 $51,200.00 to $76,200.00. 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 $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), 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 [e-mail].

If you are experiencing a technical issue with your application or an assessment, please email [e-mail] to request assistance.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Management and Manufacturing

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