Senior Director, Securitized Products Credit Research

Responsibilities

• A research position within the Securitized Products group of PGIM Fixed Income focused on CLO credit strategies.
• Analyzing CLO collateral and structures and conducting surveillance on existing investments.
• Assigning and maintaining internal credit ratings.
• Evaluating relative value opportunities.
• Assessing CLO collateral managers and integrating macroeconomic and sector trends.
• Presenting and supporting investment research and relative value analysis to portfolio management teams.
• Analyzing CLO collateral, structural features, and documentation.
• Tracking portfolio positions to evaluate credit risk, rating stability, cash flow performance, and relative value opportunities.
• Conducting sensitivity and scenario analysis on CLO investments and automating analytical processes where appropriate.
• Performing ongoing surveillance of CLO portfolios, including monitoring collateral quality, manager behavior, and structural triggers.
• Engaging with market participants including collateral managers, rating agencies, trustees, and other investors to develop market insight.

• 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 are 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.