PGIM Credit, Sr Associate, Asset Based Securities Research

Prudential Financial; Newark (NJ); Hybrid; USD 145,000 - 155,000; Full time

Job summary

Prudential Financial's PGIM Credit division seeks a Consumer ABS research professional to help formulate strategy, analyze collateral, and monitor the Consumer ABS portfolio with ABF and ABS teams.

Qualifications include a Bachelor's degree and 4–7 years in fixed income or consumer finance; strong Excel and data skills, with programming (Python) and visualization tools preferred. The role offers a Hybrid work arrangement and competitive compensation.

Qualifications

• Bachelor’s degree required; 4–7 years in fixed income, securitized products, or consumer finance.
• Strong analytical and quantitative skills with exposure to Consumer ABS or related consumer credit products.
• Proficiency in Excel and experience working with large datasets.

Responsibilities

• Contribute to capital deployment strategies across Consumer ABS sectors and issuers.
• Present and support investment research and relative value trading strategies to the ABS portfolio management team.
• Engage with issuer executives to analyze business models, operational strategies, and financial health for credit ratings.
• Assess issuer performance by integrating historical data with macroeconomic trends.
• Design, enhance, and maintain analytical tools and visualizations for risk analytics.
• Monitor Consumer ABS sector trends, macro indicators, and regulatory changes.
• Track portfolio positions to evaluate credit risk, rating stability, and cash flows.
• Advance ESG integration through ESG Impact Ratings and related engagements.
• Build relationships with market participants to gain insights on market dynamics.

Skills

Excel

Python

Power BI

Tableau

Data analysis

Education

Bachelor's degree

Tools

Intex

Job description

Job Classification: Investment Management - Investments

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 can expect

A research position on the Consumer Asset Based Securities ("ABS") credit research team within the Securitized Products group of PGIM Credit. The successful candidate will work closely with the ABF and ABS portfolio management teams to help formulate Consumer ABS strategy and help monitor the Consumer ABS portfolio. The successful candidate will be responsible for analyzing transaction collateral and economic conditions, assigning and maintaining internal credit ratings, reviewing transaction structures and documentation packages, communicating with investment banking teams, working closely with portfolio management and other internal colleagues to determine investment suitability and relative attractiveness, conducting surveillance on existing investments, and following industry trends.

What you will do

• Contribute to capital deployment strategies by identifying high-impact opportunities across Consumer ABS sectors and issuers, fueling investment idea generation and market positioning.
• Present and support investment research and relative value trading strategies to the ABS portfolio management team, shaping the risk and positioning of the Consumer ABS book.
• Engage with an issuer's executive team to analyze business models, operational strategies, and financial health in the process of developing and maintaining internal credit ratings.
• Assess issuer performance by integrating bottom-up historical data with top-down macroeconomic trends to inform risk-return expectations and influence security level buy, hold, or pass decisions.
• Design, enhance, and maintain analytical tools and visualizations to strengthen risk and analytics frameworks, to drive actionable data driven insights.
• Impact Consumer ABS sector strategies by monitoring emerging consumer borrower performance trends, macroeconomic indicators, and legal and regulatory changes.
• Track Consumer ABS portfolio positions to evaluate credit risk, rating stability, and cash flow dynamics, while identifying trading opportunities.
• Advance ESG integration by contributing to proprietary ESG Impact Ratings and documenting ESG engagements.
• Build and nurture relationships with market participants, including buy-side investors, legal teams, rating agencies, sell-side firms, and trustees - to gain insights on emerging market dynamics.

What you will bring

Bachelor’s degree required. 4-7 years of relevant experience in fixed income, securitized products, or consumer finance, with meaningful exposure to Consumer ABS or related consumer credit products. Strong analytical and quantitative skills. Exposure to consumer loan collateral, securitization structures, cash flow analysis, and key drivers of Consumer ABS performance are required. Proficiency in Excel and some experience working with large datasets is required. Strong attention to detail and ability to manage multiple assignments in a fast-paced environment. Excellent communication and presentation skills, with the ability to articulate investment views clearly. Intellectual curiosity and strong interest in Consumer ABS and consumer lending markets.

What will set you apart

Programming and data visualization skills (e.g., Python, Power BI, Tableau) are preferred. Experience with Intex and structured finance modeling are preferred.

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

Hybrid Work Arrangement

PGIM believes in the Power of a Hybrid work arrangement. The Power of Hybrid is both the flexibility of work from home, as well as the networking and career development of in-person work with colleagues through three weekly anchor days.

Salary

The salary range for this role is from $145,000.00 - $155,000.00 USD. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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.

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.
• 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.

Equal Opportunity

Prudential Financial, Inc. 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, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.

Contact for Accommodation

If you need an accommodation to complete the application process, please email [e-mail].

Company Information

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom. 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. 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.