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Prudential Ins Co of America Senior Investment Operations Specialist in Newark, New Jersey

Job Classification:
Investment Management - Investment Operations
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading financial services institutions!
The Core Operations team within COO is seeking a Senior Investment Operations Specialist to join the team. The Core Operations 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), as well as 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, management of collateral related to derivatives positions, preparation of daily risk reports for management, and drafting and reviewing contract confirmations.
The current Employee Work Agreement (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.
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.
Additional job responsibilities may include:
Aside from the daily responsibilities, the individual is also expected to work on various assigned projects and become more actively involved in the development and implementation of value-added initiatives. Not only will such projects challenge the individual and broaden their scope of knowledge, but also benefit the group by streamlining and/or creating efficiencies to current work processes.
What youll need:
3 years of related experience.
Bachelor's Degree.
Knowledge of regulatory compliance and industry requirements necessary to support the processes within PGF including but not limited to Sarbanes-Oxley and Dodd-Frank regulations.
Ability to learn and understand how the group fits into the larger organization and considers information from the customers perspective, so we can better meet their needs.
Excellent interpersonal skills. Ability to communicate in a tactful, diplomatic manner.
Good organization and time management skills.
Ability to complete both daily and long term assignments.
Ability to work well under pressure and meet tight deadlines.
Self-starter.
Solid understanding of Microsoft Excel.
Excellent quantitative and analytical skills.
Able to communicate and work well in a team environment.
Itd 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.
At Prudential, you can:
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.
Were a global organization, full of outstandingly dedicated people who arent afraid to think differently, challenge the status quo and take logical 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.
What we offer you:
Market competitive...

Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity

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