Investment Operations Associate, Global Hedge Management (GHM)

Prudential Financial, Inc.; Newark (NJ); Hybrid; USD 49,000 - 82,000; Full time

Benefits offered by this job

Medical, dental, vision

401(k) with company match

Company pension plan

Wellness programs

Education benefit

Employee Stock Purchase Plan

Job summary

Prudential Financial, Inc. is seeking an Investment Operations Associate in Newark, NJ, to join the Global Hedge Management Operations team.

This entry-level role provides exposure to capital markets, derivatives, collateral management, treasury operations, risk reporting, and investment operations. You will gain hands-on experience across wire transfers, market data validation, collateral management, trade support, and process improvements while collaborating with Investments, Treasury, Risk

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Business, Mathematics, or related field.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and accuracy.
• Strong verbal and written communication abilities.
• Effective organizational and time-management skills.

Responsibilities

• Support daily cash reconciliations and cash forecasting activities.
• Process derivative-related payments including USD and foreign cash flows.
• Monitor counterparty exposures and collateral movements.
• Review and maintain derivative trade records and verify trade economics.
• Assist in resolving settlement failures and trade-related exceptions.
• Participate in process improvement, automation, and data quality initiatives.

Skills

Analytical skills

Strong communication

Attention to detail

Time management

Education

Bachelor's degree in Finance or related field

Tools

Microsoft Excel

Job description

Job Classification:
Investment Management - Investment Operations

The Chief Investment Office (CIO) is committed to being a trusted partner that delivers efficient, risk-smart operational solutions supporting investment activities across the enterprise. The Global Hedge Management (GHM) Operations team is seeking an Investment Operations Associate to join a dynamic and collaborative organization supporting Prudential Global Funding (PGF), Global Hedge Management, and affiliated businesses.

This entry-level position provides a unique opportunity to gain exposure to capital markets, derivatives, collateral management, treasury operations, risk reporting, and investment operations. The successful candidate will develop valuable technical and analytical skills while partnering with colleagues across Investments, Treasury, Risk Management, Technology, and external financial institutions.

As an Investment Operations Associate, you will support a variety of operational processes that are critical to the firm's derivatives activities. Responsibilities may include:

Cash Management

• Support the processing and monitoring of domestic and international wire transfers for Prudential Global Funding.
• Perform daily cash reconciliations and assist with cash forecasting activities.
• Process derivative-related payments, including USD and foreign cash flows.
• Research and resolve settlement exceptions and payment discrepancies.

Market Data & Valuation Support

• Maintain market data used to support the pricing and valuation of derivative instruments.
• Assist with the monitoring and validation of market data inputs including interest rates, foreign exchange rates and volatility curves.
• Support the integrity and accuracy of data maintained within investment systems.

Collateral Management

• Monitor counterparty exposures associated with derivative portfolios.
• Support daily variation margin and initial margin processes for cleared and bilateral OTC derivatives.
• Investigate collateral discrepancies, perform reconciliations, and assist with dispute resolution activities.
• Coordinate collateral movements and maintain accurate collateral records.

Trade Support

• Review and maintain derivative trade records throughout the trade lifecycle.
• Verify trade economics and key transaction details within investment systems.
• Assist in resolving settlement failures and trade-related exceptions.
• Respond to ad hoc requests from internal business partners and management.

Process Improvement & Project Participation

• Participate in operational enhancement initiatives designed to improve efficiency, reduce risk, and strengthen controls.
• Contribute to automation, process improvement, and data quality initiatives.
• Support cross-functional projects that provide exposure to different areas of the investment organization.

What You’ll Gain:

• Develop knowledge of derivatives, collateral management, treasury operations, and financial markets.
• Build strong analytical, problem-solving, and operational risk management skills.
• Work with industry-leading investment and derivatives platforms.
• Gain exposure to process improvement, automation, and data analytics initiatives.
• Collaborate with professionals across multiple business functions and global counterparties.
• Participate in a team culture focused on continuous learning and professional development.

What you’ll need:

• Bachelor's degree in Finance, Accounting, Economics, Business, Mathematics, or a related field.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and commitment to accuracy.
• Strong verbal and written communication abilities.
• Effective organizational and time-management skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Ability to work independently while also contributing within a team environment.
• Demonstrated initiative, intellectual curiosity, and willingness to learn.
• Proficiency in Microsoft Excel and Microsoft Office applications.

One of the responsibilities of this position includes the processing of wire transfers. In accordance with Prudential policy, candidates selected for this position will be required to complete applicable background screening requirements, which may include a criminal background check, credit check, and fingerprinting.

The current EWA for this position is Hybrid and requires your on-site presence 3 days per week. Your manager will provide additional details relative to days you are expected to be on-site.

#LI-Hybrid

What we offer you:

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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 $49,400.00 to $81,600.00. 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).

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.

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.