PGIM ยท 2 days ago
PGIM Fixed Income: Head of Mortgage Credit Research (Hybrid/Newark, NJ)
Newark, NJ
Full-time
Hybrid
Senior Level, Lead/Staff
$200K/yr - $225K/yr
10+ years expPGIM is a global asset management business of Prudential, focused on improving financial services and making a meaningful impact. The Head of Mortgage Credit Research will lead the mortgage credit research team, working closely with portfolio managers to develop investment strategies and oversee the mortgage credit portfolio.
Asset Management
Responsibilities
This role is a research position leading the mortgage credit research team within the Securitized Products Research group of PGIM Fixed Income
The successful candidate will work closely with the structured products portfolio managers to formulate mortgage credit related investment strategies and oversee the mortgage credit portfolio
The successful candidate will be responsible for analyzing transaction collateral, assigning internal credit ratings, 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
Underwriting public RMBS, mortgage whole loan and mortgage related ABF investment opportunities: developing tools for analyzing residential mortgage credit risk; negotiating document terms with issuers, sponsors, and other transaction parties; determining proprietary credit ratings; performing an ESG review of the issuer and transaction parties and assigning a proprietary ESG Impact score
Undertaking the ongoing monitoring and analysis of existing positions to assess credit risk, credit ratings stability, cash flow volatility, portfolio positioning and trading opportunities
Working closely with the structured products portfolio managers on all aspects of mortgage credit sectors: communicating credit and risk/reward opinions; highlighting changing fundamental viewpoints; helping to establish the strategic direction investing in the sector
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, and 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
Building and maintaining relationships with sell side firms and issuers
Training and development of junior analysts
Qualification
Required
BA/BS degree (MBA, MS and/or CFA are pluses)
Minimum of 10 years of experience in mortgage credit research
Demonstrated experience in developing and utilizing mortgage models, either independently or in close collaboration with a quantitative modeling team
Outstanding performance in prior experience and demonstrated leadership qualities
Works well as part of a team and enjoys a fast paced, high intensity environment
Possesses strong communication and presentation skills
Has a keen interest in capital markets and mortgage credit investments
Possesses strong attention to detail and possesses excellent creative and technical skills
Solid capabilities in fixed income mathematics
Benefits
Market competitive base salaries, with a yearly bonus potential at every level.
Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
401(k) plan with company match (up to 4%).
Company-funded pension plan.
Wellness Programs 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 and mental health, and career development.
Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.
Company
PGIM
PGIM is a money manager whose clients rely on their risk management expertise, intellectual capital, and innovative solutions. It is a sub-organization of Prudential Financial.
1001-5000 employees
H1B Sponsorship
PGIM has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (15)
2024 (12)
2023 (8)
2022 (8)
2021 (7)
2020 (14)
Funding
Current Stage
Late StageLeadership Team
Jakob Wilhelmus
Director, Thematic Research
Recent News
2025-12-16
globallegalchronicle.com
2025-11-29
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