PGIM - Fixed Income SMA Trader

PGIM Ireland; The Ironbound (NJ); On-site; USD 170,000 - 230,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) with company match

Pension plan

Wellness programs

Paid Time Off (PTO)

Job summary

PGIM Custom Harvest, a division of PGIM Global Wealth, is launching a fixed income SMA platform and seeks a Senior Fixed Income Trader to lead this new capability. You will trade and manage client fixed income portfolios, establish trading processes, and contribute to growth while collaborating with portfolios managers, operations, compliance, and tech teams.

You will bring 7–10 years of fixed income trading experience, familiarity with Bloomberg/Tradeweb/MarketAxess, and a client-first mindset

Qualifications

• 7–10 years of fixed income trading experience, with 3–5 years in SMA/wealth management or institutional platform.
• Proficiency with Bloomberg, Tradeweb, MarketAxess, and related tools.
• CFA designation is a plus; Series 7/63 (or 66) preferred; willingness to obtain if required.

Responsibilities

• Execute trades across U.S. Treasuries, agencies, investment-grade corporates for SMA accounts.
• Manage daily activity: cash flows, positions, and risk monitoring.
• Develop and refine trading processes, workflows, and dealer relationships.
• Collaborate with portfolio managers, operations, compliance, and technology partners.
• Maintain strong focus on best execution and fiduciary standards.
• Support scaling of the fixed income SMA business over time.

Skills

Fixed income trading

7-10 years experience

Risk management

Communication & collaboration

Fiduciary standards

CFA designation

Licenses: Series 7/63 or 66

Education

CFA designation (preferred)

Series 7 & 63/66 licenses (preferred)

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. Equal Opportunity Employer

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 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.