PGIM · 3 days ago
PGIM - Manager, Derivative Operations (Long/Short Operations)
Newark, NJ, USA
Full-time
Hybrid
Senior Level
$135K/yr - $145K/yr
7+ years expPGIM is the Global Asset Management business of Prudential, focused on improving financial services and making a meaningful impact. The Manager in Derivative Operations will provide operational support and oversight for the fixed income group, specifically handling Futures, FX, and Swap products while ensuring effective communication with various stakeholders.
Asset Management
Responsibilities
Daily support and oversight of both Exchange Traded and OTC derivative booking, confirmation, & settlement processes
Execute high leverage operational processes for the internal Long/Short team
Daily reconciliation of positions and transactions between internal books and records and custodian/PB reporting
Maintaining and assisting with onboarding/client request for information
Overseeing production output of staff as well as researching/resolving confirmation discrepancies and fails
Gathering and/or analyzing key metrics with regards to activity
Help staff solve problems and incorporate new processes to mitigate risks
Help develop departmental policies, guidelines and procedures
Anticipating issues that may adversely affect the operational support of all derivative products and taking action to reduce the risk of occurrences
Proactively seeking ways to improve current processes by leveraging the tools available to identify inefficiencies
Cultivating both internal and external relationships to ensure proper service levels are achieved for each fund supported
Communicating operational support changes and initiatives to all impacted areas of PGIM
Keeping abreast of industry initiatives and market trends that can impact our business model and/or offer opportunities to improve our processes
Qualification
Required
7+ years of experience in fixed income derivative confirmations, settlements, or collateral
Bachelor's degree or equivalent professional experience
Strong understanding of derivative products, fixed income instruments, and related investment strategies
Proficiency in Excel, including data reconciliation and Pivot Tables
Demonstrated leadership capabilities
Strong analytical and problem‑solving skills
Ability to manage both day‑to‑day production activities and project-based work
Solid understanding of business risk principles and operational control frameworks
Strong written and verbal communication skills
Preferred
Prior experience in hedge fund operations
Working knowledge of Excel Macros
Previous supervisory or team‑lead experience
Thrives in a fast‑paced, high‑intensity environment
Ability to multitask and quickly absorb information across a wide range of products
Strong organizational skills with the ability to prioritize tasks and meet tight deadlines
Benefits
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
Company data provided by crunchbase