Job Classification:
Investment Management - Investment OperationsThe Core Operations team within CIO is hiring a Senior Investment Operations Specialist. This role provides trade support and back-office operations for Prudential Global Funding LLC, the Global Hedge Management team, as well as several affiliates. Primary support functions include ensuring the accurate maintenance of trade records for all OTC derivatives within the firm (for Prudential businesses only - excludes 3rd party managed and retail funds, non-guaranteed separate accounts). This also includes certain exchange traded instruments from inception through maturity, confirmation and processing of payments related to derivatives activity, maintaining market data for purposes of trade valuations, and preparation of daily risk reports for management.
The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.
What you can expect:
The specialist's responsibilities include some of the processes described below:
Cash Processes
Acts as the central point for all incoming or outgoing wire transfers. Some of the more critical functions associated with the Cash Desk include the daily bank reconciliation, cash projections and the processing of all US dollar and foreign denominated wires. Responsibilities may also include the daily preparation and processing of all interest rate swap payments, as well as any FX conversions and payments for both PGF and the Enterprise.
Market Data Processes
The team handles the uploading and maintaining of all the market data needed for the pricing and valuation of derivatives. Examples of this include setting the rates on all swaps, caps, floors and collars and ensuring the upload of the USD, FX, volatility and spread curves into the Summit system.
Maintenance of new trades and performing deal verification to ensure the accuracy of the trade details in the derivative system.
Resolution of fails for all settlements.
Research and resolve trade discrepancies
Responding to ad-hoc requests.
Collateral Processes
The team handles the daily monitoring of counterparty exposure to support the collateral service agreement (CSA) and initial margin requirements for cleared OTC and bilateral OTC derivatives. In addition to monitoring and reporting the exposure, responsibilities include responding to and instructing upon daily collateral calls. This includes substitutions, researching any disputed items, performing reconciliations of portfolios when disputes occur and managing the principal and interest processing of collateral posted and held.
Maintenance of new trades and performing deal verification to ensure the accuracy of the trade details in the derivative system.
Resolution of fails for all settlements.
Research and resolve trade discrepancies
Responding to ad-hoc requests.
What you’ll need:
Bachelors Degree
1+ years of related industry experience
Communicate in appropriate and courteous manner in a team environment or independently.
Detailed orientated, good organization and time management skills.
Ability to complete both daily and long-term assignments.
Ability to perform well in a fast paced environment and meet tight deadlines.
Have a solid understanding of Microsoft Excel and Word.
Excellent analytical skills and problem-solving skills.
Ability to demonstrate a high degree of initiative.
It’d be a plus if you had:
Investment Management Operations
Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
Take charge of your career. People who have successfully developed their skills in this role have gone on to be promoted within Investment Management - Operations or have moved into a role withing the Chief Investment Office (CIO)
We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.
We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
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.
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