Investment Operations Associate, Global Hedge Management (GHM)

Prudential Financial; Newark (NJ); In loco; USD 49.000 - 82.000; Tempo pieno

Vantaggi offerti da questo lavoro

Medical, dental, vision insurance

401(k) plan with company match

Pension plan

Wellness programs

Education benefits

Employee stock purchase plan

Annual incentive potential

Descrizione del lavoro

Prudential Financial, Inc. in the Newark area seeks an Investment Operations Associate to join the CIO/GHM Operations team.

This entry-level role provides exposure to capital markets, derivatives, collateral management, treasury operations, risk reporting, and investment operations. You will support cash management, market data, collateral management, and trade support while developing technical and analytical skills in collaboration with Investments, Treasury, Risk, Technology and external

Competenze

• Bachelor's degree in Finance, Accounting, Economics, Business, Mathematics, or related field.
• Strong analytical and problem-solving abilities required.
• Excellent attention to detail and accuracy.
• Strong written and verbal communication.
• Organizational and time-management skills.
• Ability to manage multiple priorities and meet deadlines.
• Ability to work independently and within a team.
• Demonstrated initiative and curiosity.
• Proficiency in Microsoft Excel and MS Office.

Mansioni

• Support cash management, including wire transfers and cash forecasting.
• Assist with market data, pricing, and valuation inputs for derivatives.
• Monitor collateral exposures and daily margin processes.
• Review derivative trade records and resolve settlement issues.
• Contribute to process improvements, automation, and data quality.
• Collaborate with Investments, Treasury, Risk, Technology, and counterparties.

Conoscenze

Bachelor's degree in Finance

Analytical and problem-solving skills

Attention to detail and accuracy

Verbal and written communication

Organizational and time-management

Multitasking and deadline-driven

Independent work with team mindset

Initiative and curiosity

Microsoft Excel and MS Office

Formazione

Bachelor's degree in Finance, Accounting, Economics, Business, Mathematics, or related field

Strumenti

Microsoft Excel

Microsoft Office

Descrizione del lavoro

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:

This role offers an excellent foundation for a career in financial services and investment operations. Associates will have opportunities to:

• 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:

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.

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.

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 ...