Job Classification:

PGIM: 2022 Fixed Income Summer Internship, Business Support & Operations

Location: 

Newark, NJ

Timeline:

We review applications on a rolling basis, and we encourage you to apply as soon as you are ready.

All applications should be fully completed by March 3rd, 2022 at Midnight EST.

To ensure you are considered for the opportunities you want most, you are only able to apply to 3 positions per recruiting season (this includes any applications from Fall 2021).  All applications should be submitted within one sitting. 

Your Impact:

Are you a current junior looking to apply your business knowledge and make an impact within a dynamic, evolving organization? Or maybe you’re looking to gain foundational knowledge and skills to apply in a professional environment, while developing strong relationships through training, mentorship, and ongoing feedback. At PGIM that’s a challenge we can help you meet as a member of our Fixed Income Business Support & Operations Internship.

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. Prudential is a Fully Inclusive Workplace: At Prudential, we value the unique perspectives and experiences of every individual, and we work hard ensure to Prudential is a welcoming and rewarding place to work for people of all identities and backgrounds.

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 & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.

Your Day to Day:

As a PGIM Fixed Income Business Support & Operations Intern, you will work in a collegial and supportive environment that promotes and rewards individual contributions, while placing equal importance on the results of the larger team. Interns within PGIM FI are encouraged to share their insights, skills, and diverse perspectives with a talented team working toward common goals. We place high priority on maintaining an environment that develops, motivates, rewards, and retains employees. As an Intern you would be placed in a 10-week assignment across one of our diverse teams. Below are examples of teams across Operations you could find yourself working in:  
 

• Bond Operations - Front to end operational support of Corporate Debt products, including trade capture, new issues allocations, confirmation, and settlements.




• Accounting & Performance - Internal fund accounting, position and valuation reconciliations, and difference resolution; calculation of portfolio, benchmark, and composite returns; comparative analysis, and composite reviews.




• Client Reporting - Designing, preparing, and delivering reporting to PGIM Fixed Income’s Institutional, Retail, Affiliate, and Alternative clients globally.




• Collateral Management & Servicing - Responsible for monitoring counterparty exposure and collateral for derivative, MBS, Securities Lending, and Repo products.  The team also monitors settlement of daily collateral moves, interest, swap payments, and variation margin.




• Derivative Operations - Facilitating post execution trade flow processes related to trade capture, confirmations, settlements, collateral management, servicing, and reconciliations for products that include Swaps, Futures, FX, Options, MBS, etc.




• Securities Lending Operations - Operational support of the Agency Lending program, managing loan and return settlement, coordination of non-cash collateral, recall management, as well as cash and custody reconciliations.




• Bank Loan Settlements & Servicing - Responsible for providing operational support to the PGIM Fixed Income bank loan assets.  This includes settlement of loans, daily cash and position reconciliations, loan servicing, and data maintenance. 

Your Desired Skills:

• Candidates must be enrolled in an accredited bachelor’s degree program graduating Spring 2023.




• All majors welcome! Minimum GPA of 3.0 required.




• Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration.




• Written, verbal communication and interpersonal skills, including the ability to effectively give/receive feedback and share ideas




• Determination and ability to thrive in a fast-paced environment while working on multiple tasks both independently and on a team




• Experience with MS Excel and/or other technical data analysis / modeling tools desirable

Our Application Process:

Submit your application. Receive invitation for first-round digital interviews – Part one includes telling us about yourself via a digital introduction. Part two includes answering pre-recorded interview questions with the business(es) that are advancing your applications(s). Last step, final round interviews– If selected, you will have the opportunity to meet with us in person or virtually to learn more about our business and culture.

For 2022 early talent roles, our process is designed to help you learn more about Prudential and share your story with us. Digital interviewing allows greater flexibility, enables a quicker interview process, allows us to meet more candidates and share your story with more members of your team.

#LI-DNI

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 accommodations.hw@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.technicalsupport@prudential.com to request assistance.