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Head of Product Development, PGIM Fixed Income

Prudential


Location:
Newark, NJ
Date:
03/30/2017
Job Code:
389618
Prudential
Apply on the Company Site
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Job Details

Position Title: Head of Product Development, PGIM Fixed Income
Job Code: 389618
Job Location: New Jersey-Newark
Description:
PGIM Fixed Income (formerly known as Prudential Fixed Income) is a global asset manager offering active solutions across all fixed income markets. The company has portfolio management and research teams in Newark, New Jersey, London, Tokyo and Singapore. As of September 30, 2016, the firm has $681 billion of assets under management including $245 billion in institutional assets, $117 billion in retail assets, and $319 billion in proprietary assets. PGIM Fixed Income manages assets for institutional clients and retail investors worldwide and currently manages assets for 31 of the top Fortune 100 companies, 27 of the 100 largest global pension funds, and several sovereign wealth funds, central banks, and large government entities.
 
What makes PGIM Fixed Income truly unique, from an employee perspective, is the exceptional culture that pervades the firm, from senior leadership to the most junior talent. The firm has a long standing track record of retaining and promoting its talent, resulting in a close-knit community of down to earth and low ego investment and support professionals. The caliber of individuals at PGIM Fixed Income is exceptional, both in their career track record but also in their conduct with one another, not to mention the firm’s keen focus on doing what is right for the client.

Position overview:
This position requires someone to manage the process of strategically defining, prioritizing and executing the new product development agenda for PGIM Fixed Income globally. This is a high-visibility position with exposure to senior management and the opportunity to interact with fixed income sector heads and regional teams across the firm.

Key job functions:
  • Monitor, anticipate and assess market, client, competitor and regulatory trends to drive product strategy and identify opportunities for product innovation
  • Help define and build the business case for new product development initiatives through assembling fact-based arguments and developing compelling presentations to senior management
  • New product idea generation
  • Oversee and conduct primary, secondary research and competitive analyses (e.g., product performance, market positioning, etc.)
  • Lead data analyses to drive insights and inform recommendations
  • Synthesize research / analyses, and develop concise and effective presentations
  • Present recommendations to senior management and secure buy-in
  • Manage product development team of 3 resources
  • Product positioning and education of client facing teams
  • Develop and maintain good working relationship with product development team in Prudential Investments (mutual fund platform)
  • Collaborate with internal partners including the Product Management, Investment, Client Advisory, Finance, Legal, Compliance, Operations and Marketing teams 
     

  • 10-15 years of relevant experience, ideally in a strategy or product development function of a leading (fixed income) asset manager
  • Ability to lead and conduct business analyses, including financial, product portfolio, market and competitive analyses; experience in identifying relevant sources of data and collecting such data from public and private sources
  • Strong investment acumen and solid understanding of economics and capital markets
  • Deep technical knowledge of fixed income instruments, products and solutions; both traditional as well as specialty/alternative fixed income (long/short and long only fixed income)
  • Deep knowledge of fixed income global competitive landscape (competitors in global markets, distribution channels and client segments (e.g. sub-advisory, public and corporate pension, E&F’s, financial institutions, central banks, SWF’s etc.))
  • Demonstrated experience managing complex investment product or business launches with multiple stakeholders
  • Knowledge of fund vehicles that are commonly used globally as pooled solutions (UCITS, QIF, SICAV, FCP, etc )
  • Excellent analytic, problem-solving and quantitative skills, with exceptional attention to detail
  • Excellent written and verbal communication and presentation skills, ability to interact with all levels of the organization
  • Excellent interpersonal and people management skills in interacting with various constituencies within the firm
  • MBA/CFA preferred
  • Strong academic credentials
  • Self-starter with urgency and personal responsibility and accountability
  • Results-orientation with an ability to execute and complete deliverables in a timely manner
  • Strong leadership ability
 

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
Job Function: Investment Management
Schedule: Full-time
Apply on the Company Site

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