PGIM Custom Harvest - Director, Equity SMA Portfolio Trader

Job Classification:
Investment Management – Investment Operations

PGIM Custom Harvest, a division of PGIM Global Wealth, pioneers tax‑beneficial investment strategies using ETFs for clients seeking improved after‑tax outcomes. The firm manages $7.1 billion on behalf of a wide range of RIAs and wealth managers.

• Execute equity trades across SMA portfolios in alignment with model strategies and client mandates.
• Execute and manage short equity trades, including coordination of borrow availability and awareness of financing costs.
• Utilize and manage order management systems (OMS) and trading platforms to ensure efficient execution.
• Support and enhance algorithmic trading strategies to optimize execution quality and minimize market impact.
• Monitor portfolios for rebalancing, tax‑loss harvesting opportunities, and drift management.
• Monitor and manage short positions for recalls, buy‑ins, and margin requirements.
• Partner with portfolio managers to implement trades based on model updates and market conditions.
• Ensure adherence to compliance guidelines and risk management protocols, including short‑sale regulations (e.g., Reg SHO).
• Perform trade reconciliation and post‑trade analysis, including evaluation of execution quality, slippage, and borrow‑cost impact.
• Collaborate with operations and technology teams to improve trading workflows and system integration.
• Maintain detailed records of trades and decisions to support audit and reporting requirements.

• Experience in equity trading, SMA management, or quantitative trading environments.
• Experience with algorithmic trading or systematic strategies.
• Exposure to tax‑aware portfolio management (e.g., tax‑loss harvesting).
• Understanding of multi‑account trading and portfolio replication techniques.
• Familiarity with trade lifecycle processes (pre‑trade, execution, post‑trade).
• Familiarity with order management systems (e.g., Charles River or similar).
• Strong understanding of market structure, execution strategies, and portfolio construction.
• Knowledge of compliance frameworks and risk management practices.
• Proficiency in data analysis and tools such as Excel; experience with Python or SQL is a plus.
• Progress toward or completion of industry certifications such as CFA, Series licenses, or ACAMS/CTMA.
• Bachelor's degree in Finance, Economics, Mathematics, or a related field.

Prudential is required by state laws to include the salary range for this role: $170,000 to $200,000. Specific pricing may vary within this range based on geographic location, candidate experience, and skills. The role may also be eligible for additional compensation and/or benefits, including participation in a discretionary annual incentive program.

• Competitive base salaries with yearly bonus potential.
• Medical, dental, vision, life insurance, disability insurance, paid time off, and leave of absence (e.g., parental and military leave).
• 401(k) plan with company match up to 4%.
• Company‑funded pension plan.
• Wellness programs with up to $1,600 a year for reimbursement of personal wellbeing items.
• Work/Life resources covering parenting, housing, senior care, finances, pets, legal matters, education, mental health, and career development.
• Education benefit to help finance traditional college enrollment and accredited certificate programs.
• Employee stock purchase plan with 85% of the lower of the Beginning or End of the purchase period prices after one year of service.

Prudential Financial, Inc. of the United States is an equal‑opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, disability, marital status, age, veteran status, domestic partner status, medical condition, or any other characteristic protected by law.

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