Senior RMBS Research Analyst — Hybrid Workplace

PGIM, Inc.; Newark, Northern (NJ, KY); Hybrid; USD 145,000 - 155,000; Full time

Benefits offered by this job

Competitive salary

Annual bonus

401(k) match

Pension plan

Wellness programs

Job summary

PGIM Credit, the global asset management arm of Prudential, is seeking a research professional to focus on RMBS strategies within the Securitized Products group. You will analyze RMBS, mortgage whole loans, and private ABF investments, monitor positions, and contribute to investment decisions.

Collaborating with portfolio managers and other teams, you will develop internal credit views, build scenario analyses, and support due diligence, with exposure to macroeconomic trends shaping RMBS

Qualifications

• 4-7 years of relevant experience in fixed income or securitized products, with RMBS exposure.
• Strong analytical and quantitative skills.
• Experience with Intex and structured finance modeling preferred.
• Exposure to RMBS collateral, securitization structures, and cash flow analysis preferred.
• Proficiency in Excel; experience working with large datasets required.

Responsibilities

• Analyze RMBS transactions across new issue and secondary markets, including collateral characteristics, loan underwriting trends, servicer performance, credit enhancement, and structural features.
• Develop and maintain internal credit views and relative value assessments for RMBS sectors.
• Build scenario analyses to assess bond performance under varying collateral and home price assumptions.
• Monitor portfolio holdings and market developments, identifying changes in collateral behavior and housing market fundamentals.
• Partner with portfolio managers and other research teams to formulate investment recommendations across RMBS and related assets.
• Review transaction documents, third-party reports, and legal structures to evaluate protections and warranties.
• Engage with issuers, dealers, servicers and other market participants to deepen market insight.
• Collaborate with internal quantitative modeling and technology teams to enhance analytics capabilities.
• Contribute internal presentations and client-facing materials on RMBS market themes and portfolio positioning.

Skills

RMBS analysis

Analytical skills

Excel proficiency

Python

SQL

Power BI

Tableau

Tools

Intex

Structured finance modeling

Job description

PGIM Credit, the global asset management arm of Prudential, is seeking a research professional to focus on RMBS strategies within the Securitized Products group. You will analyze RMBS, mortgage whole loans, and private ABF investments, monitor positions, and contribute to investment decisions.

Collaborating with portfolio managers and other teams, you will develop internal credit views, build scenario analyses, and support due diligence, with exposure to macroeconomic trends shaping RMBS