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QMA | Associate Manager, Trade Operations at Prudential Ins Co of America

Posted in Admin - Clerical 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Newark, New Jersey





Job Description:

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.4 trillion in assets under management, and 38 offices spanning 16 countries, PGIM is among the world’s top-10 largest asset managers. Comprised of seven self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firm’s ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect and equality.

Our Business:

QMA manages quantitative equity and global multi-asset solutions as part of PGIM. Our culture is inclusive and collaborative. We seek employees from varied academic, work, and life circumstances who can contribute investment expertise, intellectual capital and creative solutions to our organization. We are looking for smart, talented team-players at all stages of their careers who are passionate about solving our clients' challenges.

Our Role:

We are looking for an astute, determined professional like you to fulfill a Trade Operations Associate role within our team. You will showcase your success through collaboration, ownership and innovation. Your expertise in emerging trends and practices will evoke stimulating discussions around optimization and change to help keep our competitive edge. This rewarding opportunity will enable you to make a big impact in our organization, so if this sounds exciting, then PGIM might be the place.

Your Impact:

Database Accuracy and Integrity:


  • Review and sign off on daily audit reports and daily workflow functions

  • Detect problem issues and ensure they are resolved in a timely fashion

  • Independently handle ad hoc projects, and keep abreast of industry trends

  • Assist in complex matters/securities handling

  • Review/resolve trade discrepancies with brokers, gain agreement on all trade details (financial info as well as settlement info)

  • Confirm any necessary adjustments/corrections with Traders and process trade corrections in trading system as needed

  • Ensure all trades are sent to banks by deadlines on trade date, with particular emphasis on short settlement trades and other priority items

  • Affirm all domestic trades via OMGEO system and global trades via CTM; analyze and complete the daily CTM reconciliation report

  • Load all FX files, ensure all FX activity is matched with brokers in GTSS, and resolve any discrepancies

  • Ensure all trade confirmations have been saved, stored and filed

  • Maintain accurate broker settlement instructions in accounting system

  • Review and analyze futures variation margin movements with brokers/banks

  • Authorize wires for daily variation movements and send to banks

  • Handle incoming email issues, resolve or route accordingly

  • Monitor all trade processing in our Trade Order Management systems

  • Maintain data integrity of Trading systems (holiday calendar, security info, commission and fee schedules, etc)

  • Ensure daily blotters are clean by end of day, and all trades have been sent to banks, fund accountants, etc.

  • Confirm all manual/non-standard trades and trade requests have been received by the custodian (FXs, T-Bills, etc)

  • Build and maintain collaborative relationships with internal and external parties

    Trouble Shooting and Enhancements to Trading & Accounting System & other Applications Problems:



  • Consider industry trends and think of ways to improve operational processes

  • Communicate with the Systems group and Operations on any problems as they relate to the Trade Support workflow process

  • Consult in the writing of end user specifications and review final spec with the SysApps group

  • Coordinate testing on new reports or enhancements to Systems

  • Educate and train staff on functionality of new reports/enhancements

    Departmental Documentation Maintenance:



  • Procedures are continuously reviewed and enhanced for all Trade Support functions

  • Ensure control gaps are minimized/eliminated

  • Adjustments to existing procedures are presented to the Management Team for approval and then thoroughly explained to the department via hard copy, email, or department meeting 

  • Trade correction documentation

    Communications:



  • Consult on set up of new accounts; bank changes, new brokers, etc.

  • Liaison for Traders and other departments

  • Liaison to brokers and custodians

Supervisory Responsibilities:


  • Manage operational trade support functions

  • Train employees on enhanced or new responsibilities and on functionality of new reports/enhancements

  • Through daily interaction provide guidance and suggestions on how to improve work and personal performance

  • Perform all duties associated with the formal performance appraisal process

  • Prioritize and meet deadlines, and direct staff appropriately

  • Interview prospective staff members
     

Your Required Skills:


  • BA/BS Degree, preferably in Finance/Economics/Business

  • 4+ years experience in Operations

  • Highly analytical, organized and detail-oriented

  • Assertive, in a professional, personable manner

  • Recognize the importance of his/her decisions and their impact on the whole firm

  • Handle people and situations with maturity and the utmost professionalism

  • Excellent communication skills, both oral and written

  • Learns quickly when facing new problems; takes initiative and is a relentless and versatile learner; open to change; analyzes both successes and failures for clues to improvement

  • Ability to develop effective internal/external working relationships

  • As needed, the individual must be able to work after regular hours to get the job done

  • Occasional holiday and overnight coverage required

Your Desired Skills:


  • Committed to high ethical standards and ensures the group is acting within the best interests of the clients and other interested parties

  • Takes ownership for evaluating, developing, retaining, and managing a diverse group of talent across the organization

  • Keeps abreast with the most recent trends surrounding the industry, shares them with the organization, and implements findings to the company workflows where applicable.

  • Generates ideas to increase efficiency and reduce risk by assessing current procedures and implementing new ones

  • Collaborates with other areas of the organization in order to use all available resources and transform thoughts and ideas into action

Our Culture:

Prudential Financial, Inc. 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 hone their skills and explore continued opportunities within Prudential.

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Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.

Please note that the above number and email are solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers@prudential.com to request assistance.





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