PGIM - Fixed Income SMA Trader

PGIM; Newark (NJ); On-site; USD 170,000 - 230,000; Full time

Benefits offered by this job

Market-competitive base salaries + 1st

Medical, dental, vision, life and more

401(k) plan with company match

Pension plan

Wellness programs

Work/Life resources

Education benefit

Employee Stock Purchase Plan

Job summary

PGIM Custom Harvest, a division of PGIM Global Wealth, seeks a Senior Fixed Income Trader to lead the launch of a fixed income SMA platform. The role is hands-on with end-to-end accountability, trading and managing client portfolios, establishing processes, and driving growth of the SMA business.

The candidate will work with PMs, operations, compliance, and tech partners to ensure best execution, strong risk controls, and scalable operations.

Qualifications

• 7-10 years of fixed income trading experience, with 3-5 years in SMA/wealth or institutional fixed income.
• CFA designation is a plus.
• Series 7 and Series 63 (or Series 66) preferred; willing to obtain if required.
• Ability to build processes, relationships, and infrastructure in a developing business environment.
• Strong communication and collaboration skills; client-first mindset.
• Disciplined approach to risk management.

Responsibilities

• Execute trades across a range of fixed income securities for individual client SMA accounts.
• Manage day-to-day portfolio activity, including cash flows, position adjustments, and ongoing risk monitoring.
• Develop and refine trading processes, workflows, and dealer relationships.
• Collaborate with portfolio managers, operations, compliance, and technology partners.
• Maintain a strong focus on best execution, risk management, and fiduciary standards.
• Support the scaling of the fixed income SMA business over time.

Skills

Fixed income trading

SMA / managed accounts

Risk management

Client relationships

Strong communication

Market analysis

CFA designation

Education

Baccalaureate not specified

Tools

Bloomberg

Tradeweb

MarketAxess

Job description

Job Classification:

Investment Management - Investment Operations

PGIM Custom Harvest , a division of PGIM Global Wealth, is a pioneer in the development of tax-beneficial investment strategies using exchange-traded funds (ETFs) for clients seeking improved after-tax outcomes. We provide full exposure to a client-selected benchmark while generating tax alpha through customized SMA portfolios of ETFs. PGIM Custom Harvest manages $7.1 billion on behalf of a wide range of RIAs and wealth managers.

What You Will Do

PGIM Custom Harvest is launching a fixed income SMA platform and is seeking a Senior Fixed Income Trader to help build and lead this new capability. This is a hands-on role with end-to-end accountability. You will be responsible for trading and managing individual client fixed income portfolios, establishing trading processes, and contributing to the growth of the fixed income SMA business.

What You Can Expect

• Execute trades across a range of fixed income securities (U.S. Treasuries, agencies, investment-grade corporates, and other relevant sectors) for individual client SMA accounts
• Manage day-to-day portfolio activity, including cash flows, position adjustments, and ongoing risk monitoring
• Develop and refine trading processes, workflows, and dealer relationships
• Collaborate with portfolio managers, operations, compliance, and technology partners
• Maintain a strong focus on best execution, risk management, and fiduciary standards
• Support the scaling of the fixed income SMA business over time

What You Will Bring

• 7-10 years of fixed income trading experience with a minimum of 3-5 years within an SMA, managed accounts, wealth management, or institutional fixed income platform.
• Proficiency with industry platforms and tools (Bloomberg, Tradeweb, MarketAxess, etc.)
• CFA designation is a plus
• Series 7 and Series 63 (or Series 66) preferred; willingness to obtain if required
• Ability to build processes, relationships, and infrastructure in a developing business environment
• Strong communication and collaboration skills; comfortable working across teams and with external counterparties
• Disciplined approach to risk management with a clear client-first mindset

Salary Range Disclosure

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 $170,000 to $230,000. 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.

About PGIM Global Wealth

PGIM Global Wealth is a diversified distributor of asset management capabilities, with over 100 actively managed funds globally. We are dedicated to helping clients tackle their toughest investment challenges and base the foundation of our investment strategy around collaboration and innovation. Our leadership team welcomes new ideas and challenging the status-quo and are committed to developing talent for long-term success.

At PGIM Global Wealth, we consider it a great privilege and responsibility to help investors participate in opportunities across the global markets while meeting their toughest investment challenges. We offer a diversified suite of actively managed funds across a broad spectrum of asset classes and investment styles, with over $95 billion in assets under management.

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.

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.

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