PGIM Fixed Income: Principal, ABF Research

4 months ago

Newark, United States Prudential Financial Full time

Job Classification:

Investment Management - Portfolio Research

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

A research position as a Principal within the public and private Securitized Products group of PGIM Fixed Income ($118bn assets under management). The successful candidate will work closely with the team’s senior associates to help evaluate bespoke U.S. and global transactions across the consumer, esoteric and/or commercial ABF/ABS sectors and conduct ongoing research activities in these sectors. The successful candidate will be responsible for reviewing transaction documentation packages, developing and maintaining issuer and complementary creditor partnerships, conducting issuer due diligence as necessary, communicating with investment banking teams, working closely with portfolio management, in-house counsel, and other internal colleagues to determine investment suitability and relative attractiveness, presenting  to clients and conducting surveillance on existing investments and industry trends.

What you can expect

  • Underwriting new issue and secondary investment opportunities within the consumer, esoteric and/or commercial ABF / ABS markets

  • Negotiating document terms with issuers, sponsors and other transaction parties

  • Analyzing collateral to develop modelling assumptions

  • Determining proprietary credit ratings

  • Performing an ESG review of the issuer and transaction parties and assign a proprietary ESG Impact score

  • Presenting results from transaction-specific and sector-wide analyses to wider internal and external audiences, including portfolio managers and clients

  • Maintaining views on industry-wide issues that impact originators, broker/dealers & investors. Responsibilities may include monitoring U.S. and global regulatory changes, accounting and capital requirement changes, federal, state, and global lending laws, and any legal precedents.

  • Undertaking the ongoing monitoring and analysis of portfolio positions to assess credit risk, credit ratings stability, cash flow volatility, portfolio positioning and trading opportunities

What you will bring

  • Minimum 10 years’ experience in consumer, esoteric and/or commercial ABF / ABS

  • Prior experience in analyzing consumer, esoteric and/or commercial ABF / ABS transactions in a buy side or sell side research role

  • Demonstrated ability to prioritize and delegate tasks to accomplish key team priorities

  • Prior experience generating collateral performance assumptions, evaluating credit risk and negotiating deal terms

  • Robust knowledge of the ABF /ABS issuers, intermediaries, and investors

  • Solid understanding of U.S. and European securitization structures, legal foundations, and legal transaction documents

  • Demonstrated ability to source, underwrite, document and monitor transactions

  • Excellent attention to detail and the ability to work independently while contributing to the overall team culture

  • Strong verbal and written communication skills

*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%) and 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.

  • PGIM Fixed Income

    2 weeks ago

    Newark, United States PGIM Full time

    Job Classification: Technology - Agile, Delivery, & Product 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...

  • Fixed Income Expert

    7 days ago

    Newark, New Jersey, United States PGIM Full time

    Company OverviewPGIM Fixed Income is a global asset manager with approximately 1000 employees and $821Bn assets under management. We offer active solutions across all fixed income markets.SalaryThe estimated annual salary for this role is $155,000 to $185,000. The compensation package also includes a bonus potential at every level, medical, dental, vision,...

  • PGIM Fixed Income

    2 weeks ago

    Newark, United States PGIM Full time

    Job Classification: Technology - Engineering & Cloud 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....

  • PGIM Fixed Income

    3 weeks ago

    Newark, United States PGIM Full time

    Job Classification: Technology - Engineering & Cloud 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....

  • PGIM Fixed Income

    3 weeks ago

    Newark, United States PGIM Full time

    Job Classification: Technology - Engineering & Cloud 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....

  • PGIM Fixed Income

    2 weeks ago

    Newark, United States Prudential Ins Co of America Full time

    Job Classification: Technology - Agile, Delivery, & Product A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, were always looking for ways to improve financial services. Were passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing...

  • Fixed Income Business Operations Specialist

    1 day ago

    Newark, New Jersey, United States Prudential Ins Co of America Full time

    About PGIM Fixed IncomePGIM 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 worldwide. Our business climate is a safe and inclusive environment, centered around mutual respect, intellectual honesty, transparency, and...

  • PGIM Investments

    4 days ago

    Newark, United States PGIM Full time

    Job Classification: Finance & Accounting - Finance & Accounting What you can expect We are seeking an individual to serve as a mutual fund tax specialist that will assist with all aspects of tax compliance and reporting. This person will coordinate workflow, assignments, and deadlines with both the tax and financial reporting teams. This individual will...

  • PGIM Investments

    3 days ago

    Newark, United States PGIM Full time

    Job Classification: Finance & Accounting - Finance & Accounting What you can expect We are seeking an individual to serve as a mutual fund tax specialist that will assist with all aspects of tax compliance and reporting. This person will coordinate workflow, assignments, and deadlines with both the tax and financial reporting teams. This individual will...

  • PGIM Fixed Income Business Analysis

    2 weeks ago

    Newark, Delaware, United States Prudential Ins Co of America Full time

    Job Summary:As a Business Analyst in PGIM Fixed Income, you will play a crucial role in supporting business initiatives and system enhancements. You will work closely with the business users, internal systems team, and external vendors to initiate and manage projects, support production issues, and manage vendor/system releases. This is a dynamic and...

  • Fixed Income Asset Management Specialist

    7 days ago

    Newark, New Jersey, United States Prudential Ins Co of America Full time

    **Company Overview**Prudential Ins Co of America's 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 worldwide.

  • PGIM Fixed Income

    5 months ago

    Newark, United States Prudential Ins Co of America Full time

    Job Classification: Technology - Agile, Delivery, & Product A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, were always looking for ways to improve financial services. Were passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing...

  • Software Developer

    2 days ago

    Newark, New Jersey, United States PGIM Full time

    About PGIMPGIM Fixed Income is a leading 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 various locations worldwide.Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty,...

  • Business Analyst for Financial Markets

    6 days ago

    Newark, New Jersey, United States PGIM Full time

    Job DescriptionAs a Business Analyst for Financial Markets, you will play a key role in supporting the growth of our Fixed Income Asset Management business. Your primary responsibility will be to collaborate with portfolio managers, analysts, and other stakeholders to gather, analyze, and document business requirements.Responsibilities• Gather and analyze...

  • Asset Management Professional

    2 days ago

    Newark, New Jersey, United States PGIM Full time

    Job DescriptionWe are seeking a detail-oriented Business Analyst with a strong background in Fixed Income Asset Management to join our growing team. This individual will play a crucial role in bridging the gap between business stakeholders and the technology team, ensuring that requirements are understood and met to support business objectives.Key...

  • Investment Research Principal: ABF and Securitized Products Expert

    3 weeks ago

    Newark, Delaware, United States Prudential Financial Full time

    Embark on a rewarding career at Prudential Financial, a global leader in asset management. We seek an experienced Investment Research Principal to join our ABF and Securitized Products team.The ideal candidate will have a minimum of 10 years of experience in consumer, esoteric, and/or commercial ABF/ABS markets. Prior experience in analyzing transactions and...

  • Investment Consultant Relations Manager

    4 weeks ago

    Newark, New Jersey, United States PGIM Full time

    Job OverviewAbout PGIM Quantitative Solutions GroupPGIM Quantitative Solutions is the quantitative, multi-asset, and liquid alternatives specialist of PGIM. We have been helping investors solve their unique needs by leveraging technology, data, and advanced academic research for over 45 years. Our team manages portfolios across equities, multi-asset, and...

  • Director, UX Designer

    2 weeks ago

    Newark, United States PGIM Full time

    Job Classification: Marketing & Communications - Marketing 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...

  • Director, UX Designer

    2 weeks ago

    Newark, United States PGIM Full time

    Job Classification: Marketing & Communications - Marketing 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...

  • Taxation Expert for Investment Funds

    1 day ago

    Newark, New Jersey, United States PGIM Full time

    Job DescriptionWe are seeking a Taxation Expert for Investment Funds to join our team at PGIM Investments. This role will involve reviewing and researching complex portfolio holdings and legislative changes, as well as communicating with internal and external partners to resolve any issues or concerns.About the RoleReview and research complex portfolio...