PGIM Fixed Income: Principal, Securitized Products Portfolio Manager (Hybrid/Newark, NJ)

Prudential Annuities Distributors (PAD); Newark (NJ); Hybrid; USD 200,000 - 225,000; Full time

Job summary

An established industry player seeks a Principal Portfolio Manager for their Securitized Products team. This pivotal role involves managing complex portfolios of asset-backed and mortgage-backed securities while developing investment strategies that align with client objectives. The ideal candidate will leverage extensive experience and a deep network in the securitized products market to drive performance and innovation. Join a forward-thinking firm committed to fostering a diverse and inclusive culture, where your insights will shape the future of investment management. If you're ready to make a meaningful impact, this opportunity is for you.

Benefits

Medical, dental, and vision insurance

Paid Time Off (PTO)

401(k) plan with company match

Company-funded pension plan

Wellness Programs

Education Benefit

Employee Stock Purchase Plan

Qualifications

• 15+ years of experience in managing securitized products.
• Proven experience managing ABS and RMBS portfolios.
• Strong understanding of fixed income mathematics.

Responsibilities

• Develop and execute investment strategies for securitized products.
• Work closely with research teams to assess risks and opportunities.
• Engage with market participants to source investments.

Skills

Securitized Products Management

Portfolio Management

Risk Management

Communication Skills

Quantitative Methods

Education

BA/BS Degree

MBA

CFA

Job description

PGIM Fixed Income: Principal, Securitized Products Portfolio Manager (Hybrid/Newark, NJ) page is loaded

PGIM Fixed Income: Principal, Securitized Products Portfolio Manager (Hybrid/Newark, NJ)

Apply locations Newark, NJ, USA time type Full time posted on Posted 30+ Days Ago job requisition id R-119190

Job Classification:

Investment Management - Portfolio Research

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

This is a portfolio management role within Securitized Products team at PGIM Fixed Income and report to the Co-Head of Securitized Products. We are seeking an experienced Securitized Products Portfolio Manager to join our investment team. This role involves managing portfolios of securitized assets with a focus on asset-backed securities (ABS) and non-agency residential mortgage-backed (RMBS) securities. The ideal candidate has a deep understanding of securitized products, proven portfolio management expertise, and the strategic insight necessary to navigate complex market environments.

What you can expect

• Develop and execute investment strategies for securitized products portfolios, focusing on asset selection, risk management, and return maximization while ensuring compliance with investment policies, regulations, and client objectives.

• Work closely with the Securitized Products research team to assess risk, underwrite potential investments, and identify relative value

• Use quantitative and qualitative methods to identify value-added investment opportunities within the securitized products space.

• Present investment thesis and positioning to clients and internal stakeholders.

• Participate in the firm's marketing and fundraising efforts as needed

• Actively engage with market participants, including brokers, banks, and counterparties, to source investment opportunities and gain insights into market conditions.

• Attend industry conferences, webinars, and meetings to remain up-to-date on securitized products trends, regulatory changes, and new investment opportunities.

• Influence the buildout of new technologies to facilitate portfolio management processes

• This is a hybrid role based in Newark, NJ with a requirement to be in the office from Tuesday to Thursday.

What you will bring

• 15+ years of experience managing securitized products. Proven experience of successfully managing ABS and RMBS

• Deep network of relationships with issuers, banks, sponsors and funds

• Proven track record of managing people and processes

• Strong communication and presentation skills

• Strong understanding of fixed income mathematics and bond valuation concepts

• Strong understanding of quantitative methods and models

• BA/BS degree required(MBA, MS and/or CFA are pluses)

What will set you apart?

• Experience investing within European markets

• Understanding of regulatory considerations within portfolio management affecting Securitized Products including ERISA & EUSR

• Ability to distill and communicate complex issues clearly and concisely to a variety of decision makers and audiences

• Ability to work well as part of a team and enjoy a fast paced, high intensity environment

• Ability to think creatively and help solve unique challenges that come from investing across different investor types such as pension and insurance clients

• Buy-side asset manager experience

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The base salary range for this role is from $200,000 to $225,000 . Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

About PGIM Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $859Bn assets under management, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Tokyo, Hong Kong, and Singapore. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.

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), 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 .

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About PGIM

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.