PGIM: Senior Director, Securitized Products Credit Research; Hybrid​/Newark, NJ

Overview

A research position within the Securitized Products group of PGIM Fixed Income focused on CLO credit strategies. The successful candidate will work closely with portfolio management teams to analyze CLO investments, monitor portfolio positions, and contribute to investment decision-making.

• Analyze CLO collateral and structures
• Conduct surveillance on existing investments
• Assign and maintain internal credit ratings
• Evaluate relative value opportunities
• Assess CLO collateral managers
• Integrate macroeconomic and sector trends
• Contribute to investment strategy and portfolio positioning
• Collaborate with internal teams and external market participants, including investment banks, rating agencies and trustees
• Support due diligence and transaction execution
• Perform ongoing surveillance of CLO portfolios
• Support due diligence on CLO collateral managers, evaluating business models, underwriting processes and performance
• Assist in negotiation and review of structural terms and transaction documentation for new issue CLO investments
• Engage with market participants to develop market insight
• Monitor industry trends, regulatory developments and macroeconomic conditions impacting CLO markets
• Explore and implement advanced analytical techniques, including automation and natural language processing, to improve research efficiency
• Develop client-facing materials and support presentations for prospective and existing clients

• BA/BS degree, preferably in a quantitative field
• 8+ years experience in fixed income, banking and/or capital markets
• 5+ years credit research experience, particularly with exposure to CLOs or leveraged loans preferred
• Strong analytical and quantitative skills
• Programming and data visualization skills (e.g., Python, Power BI, Tableau) are preferred
• Experience with Intex and structured finance modeling is required
• Experience developing analytical tools, automating workflows or working with large datasets is preferred
• Knowledge of CLO structures and underlying leveraged loan collateral; familiarity with loan markets is a plus
• Strong attention to detail and ability to manage multiple assignments in a fast-paced environment
• Excellent communication and presentation skills with the ability to articulate investment views clearly
• Ability to work independently and collaboratively across teams
• Intellectual curiosity and strong interest in CLOs and leveraged loan markets

Annual base salary range: $195,000 – $215,000.

Eligible for a competitive discretionary annual cash bonus opportunity and long-term incentive awards. Eligibility to participate in discretionary annual incentive programs is subject to program rules.

• Medical, dental, vision, life insurance, disability insurance and Paid Time Off (PTO)
• Parental and military leave of absence
• 401(k) plan with company match up to 4%
• Company-funded pension plan
• Wellness programs with up to $1,600 per year reimbursement
• Work/life resources for parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development
• Education benefit for traditional college enrollment and accredited certificate programs
• Employee Stock Purchase Plan (85% of the lower of two prices)

Prudential 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, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.