PGIM Fixed Income - Associate, ABS Credit Research

Job Classification:

A research position on the ABS credit research team within the 24-person Securitized Products group of PGIM Fixed Income. The successful candidate will work closely with the ABS research and ABS portfolio management teams to help formulate ABS strategy and help monitor the ABS portfolio. The successful candidate will be responsible for analyzing transaction collateral, assigning internal credit ratings, reviewing transaction documentation packages, communicating with investment banking teams, working closely with portfolio management and other internal colleagues to determine investment suitability and relative attractiveness, conducting surveillance on existing investments, and following industry trends.

Responsibilities:

• Provide support in underwriting new issue and secondary ABS investment opportunities

• Creates and maintains models and visualization tools utilizing various programming languages and technology

• Performs due diligence on various ABS issuers via conference calls, roadshow meetings, and on-site due diligence trips

• Contribute to ESG reviews and help determine the proprietary ESG Impact score

• Assist in the ongoing monitoring and analysis of ABS portfolio positions to assess credit risk, credit ratings stability, cash flow volatility, portfolio positioning and trading opportunities

• Work closely with various internal and external parties to understand and maintain our risk and analytics

• Provide support for presentations to prospective and existing PFI Clients

• Maintain views of consumer market, auto market and macro economy

• Maintain views toward industry-wide issues affecting ABS such as regulatory and legislation issues

• Presents investment opportunities to Structured Product ABS portfolio management and trading team

• Builds and maintains relationships with sell side firms to source opportunities

Qualifications:

• Candidate should have 3-5 years of experience in securitized products or related fields

• Programming and Visualization Skills a plus (Python, R, Tableau)

• Has a keen interest in capital markets and asset-backed securities

• BA/BS degree (MBA, MS and/or CFA are pluses)

• 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

• Solid capabilities in fixed income mathematics

• Possesses strong attention to detail and possesses excellent creative and technical skills

​Our Business:

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With 950 employees and $946bn assets under management, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Tokyo, Hong Kong, and Singapore. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent and culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.

Our Culture:

Prudential is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential employees have a unique opportunity to build their career path by owning their development, their career and their future. We encourage employees to utilize the internal “Skills Accelerator” to hone their skills and explore the opportunities available to them within Prudential.