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PGIM Operations: Senior Investment Operations Associate - Market Data, Collateral, & Cash Processes


Newark, NJ
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Job Details

Position Title: PGIM Operations: Senior Investment Operations Associate - Market Data, Collateral, & Cash Processes
Job Code: 424458
Job Location: New Jersey-Newark

Prudential Global Funding provides a wide array of services and support to various business lines across the organization.  Our focal point has always been, and continues to be, to provide unsurpassed risk management analysis and support to Global Trading.  “Risk Management is more than just a tool used to quantify and measure risk.  It is a utilization of extensive proofs and controls, processes and analysis, all working in unison to help attain organizational goals.”

PGF Operations provides derivative trade support and back office operations for the Derivatives Product Group (Prudential Global Funding), as well as a number of 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, and preparation of daily risk reports for management.  Secondary functions include the processing of non-USD payments and foreign exchange conversions for certain domestic businesses. 
The associate will be responsible for some of the processes described below:
Cash Processes
The Cash Desk functions as the central point for all incoming or outgoing wire transfers for Prudential Global Funding. 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
PGF Operations is responsible for uploading and maintaining all of 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
PGF is responsible for 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.
Additional job responsibilities may include:
  • 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.
All of the desks within PGF require an individual who has strong analytical skills, is able to research and resolve outstanding items independently, works well in a team environment, completes one’s responsibilities in a timely and accurate manner and who exhibits good interpersonal skills.  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.

  • 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.
  • Working knowledge of Microsoft Excel and Word.
  • College degree preferred.
  • Excellent quantitative and analytical skills.
  • Able to communicate and work well in a team environment. 

Additional Comments:


The position is located in Newark, New Jersey.


“One of the responsibilities of this position includes the processing of wire transfers. In accordance with the Treasurer’s Policy “Background Screenings on Wire Transfer Associates,” any candidate selected for this position will be required to submit to a background screening including a criminal check, a credit check and fingerprinting. Failure to comply will eliminate a candidate from consideration for this position. In addition, any negative information obtained as a result of the background screening may result in the disqualification of the candidate from this and any other position in Prudential, including their current one if they are an internal applicant.”



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 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 for more information about doing business with Prudential.
Job Function: Operations
Schedule: Full-time
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