Senior Derivatives Operations Specialist

Prudential Financial, Inc.; Newark (NJ); Hybrid; USD 60,000 - 85,000; Full time

Benefits offered by this job

Medical/Dental/Vision insurance

401(k) with company match

Pension plan

Wellness programs

Education assistance

Job summary

PGIM, the global asset management business of Prudential Financial, Inc., is seeking a detail-oriented professional for its Derivative Operations team in Newark, NJ. The role focuses on post-trade processing for derivatives, including confirmations, settlements, and reconciliations, with hybrid work arrangements to balance office collaboration and remote work.

You will engage with Trade Support, custodians, brokers, and counterparties to resolve exceptions and ensure accurate books and records.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business, Economics, or related discipline preferred.
• 1–3 years of experience in financial services, investment operations, trade support, confirmations, settlements, collateral management, or related function.
• Exposure to derivative products such as swaps, futures, options, FX forwards, cleared derivatives, or bilateral OTC instruments preferred.
• Proficiency with Microsoft Office Suite; experience with Aladdin or other investment operations platforms a plus.
• Basic understanding of derivative confirmations, clearing, settlement, collateral, margin, or reconciliation processes a plus.

Responsibilities

• Support daily post-trade processing for derivative products, including trade validation, confirmations, settlements, clearing, lifecycle events, and exception follow-up.
• Assist with maintaining derivative trade activity in Aladdin and related platforms to support accurate books and records, positions, and operational data.
• Monitor derivative settlements, collateral movements, margin activity, cash interest, and related payment workflows under established procedures and controls.
• Perform daily reconciliations with brokers, clearing brokers, custodians, and internal systems to identify and elevate trade, cash, position, and commission breaks.
• Partners with internal teams and external parties to research and resolve routine operational exceptions, settlement issues, collateral inquiries, and trade lifecycle questions.
• Follow documented procedures, complete daily checklists, elevate issues timely, and support control, audit, and risk management activities as needed.
• Prepare recurring operational reporting related to derivative activity, reconciliations, exceptions, and processing metrics.
• Contribute to process improvement efforts by identifying manual tasks, recurring issues, and opportunities to improve workflow efficiency.

Skills

Attention to detail

Analytical thinking

Investigate exceptions

Education

Bachelor’s degree in Finance, Accounting, Business, Economics, or related discipline

Tools

Aladdin

Microsoft Office Suite

Job description

PGIM, the global asset management business of Prudential Financial, Inc., is seeking a detail-oriented professional for its Derivative Operations team in Newark, NJ. The role focuses on post-trade processing for derivatives, including confirmations, settlements, and reconciliations, with hybrid work arrangements to balance office collaboration and remote work.

You will engage with Trade Support, custodians, brokers, and counterparties to resolve exceptions and ensure accurate books and records.