PGIM Fixed Income: Vice President, Sector PM Leverage Loan (Hybrid/Newark, NJ) (Finance)

Job Classification:

Investment Management - Investments

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we're always looking for ways to improve financial services. We're passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.

We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you'll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world's leading global asset managers! 

If you're not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that's investing in your future by shaping tomorrow today.

At PGIM, You Can!

What you will do

The successful candidate will be part of a team which manages leveraged bank loan mandates in total return and Collateralized Loan Obligation (CLO) strategies.

Upon successful completion of training and clear demonstration of market aptitude, the successful candidate will be granted trading execution authority under the supervision of an experienced portfolio manager. The candidate will be expected to generate alpha by assessing relative value within assigned sectors and through portfolio construction, active management, and oversight.

What you can expect

• Execution of trades for leveraged loan portfolios to maximize returns, giving attention to proper diversification across issuers and industries and attend to the various requirements for the CLOs.  Trades will be executed via voice or electronic trading platforms.

• Active participant in portfolio construction.

• Daily interaction with Wall Street salespeople and traders in order to obtain market information and trade ideas.  The candidate will be expected to disseminate information in a timely fashion to other team members.

• Monitor portfolios for both credit deterioration and for the impact that subsequent trades would have on the overall risk in the portfolios and CLO requirements.

• Ad-hoc reporting and marketing proposal requests.

• Active participant in marketing meetings and client portfolio review meetings.

What you will bring

• BA/BS Degree required; MBA and/or CFA preferred (or in the process of working towards one or both of those designations). 

• 8-10 years' corporate credit experience, preferably in below investment grade.

• Solid capabilities in fixed-income mathematics.

• Sound understanding of the broader fixed income market sectors, the concept of relative value, and familiarity with CLO's.

• Strong appreciation of portfolio risk and compliance functions.

• Must be able to thrive in high-pressure situations.

• Ability to communicate effectively with internal associates and external clients/prospects.

• Works well as part of a team as well as autonomously; enjoys a collaborative and dynamic environment.

• In addition to a strong credit aptitude, the successful candidate should have a natural interest in financial markets/economics, and the ability/capacity to evaluate relative value across capital structures, industries, risk strata, and sub-components of the leveraged finance market.   

• Attention to detail is a must for developing thoughtful/fair trade allocations and in minimizing trade errors.

While the responsibility and desired experience level of the role is consistent with that of a Vice President, Senior Associates may also be considered for the role.    

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What we offer you

• Medical, dental, vision, life insurance and PTO (Paid Time Off)

• Retirement plans:

• 401(k) plan with generous company match (up to 4%)

• Company-funded pension plan

• Wellness Programs to help you achieve your wellbeing goals, 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 health, and career development.

• Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.

To find out more about our Total Reward package, Total Rewards Brochure

Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The base salary range for this role is from $175,000 to $200,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. This role is also eligible for additional compensation and/or benefits including a competitive, discretionary annual cash bonus opportunity along with long term incentive awards. Eligibility to participate in the discretionary annual incentive programs are 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 Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $821Bn assets under management, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Tokyo, Hong Kong, and Singapore. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.