PGIM Fixed Income: Head of Mortgage Credit Research; Hybrid​/Newark, NJ

Position: PGIM Fixed Income: Head of Mortgage Credit Research (Hybrid/Newark, NJ)
We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers!

* Underwriting public RMBS, mortgage whole loan and mortgage related ABF investment opportunities: developing tools for analyzing residential mortgage credit risk; negotiating document terms with issuers, sponsors, and other transaction parties; determining proprietary credit ratings; performing an ESG review of the issuer and transaction parties and assigning a proprietary ESG Impact score
* Undertaking the ongoing monitoring and analysis of existing positions to assess credit risk, credit ratings stability, cash flow volatility, portfolio positioning and trading opportunities
* Working closely with the structured products portfolio managers on all aspects of mortgage credit sectors: communicating credit and risk/reward opinions; highlighting changing fundamental viewpoints; helping to establish the strategic direction investing in the sector
* Presenting results from transaction-specific and sector-wide analyses to wider internal and external audiences, including portfolio managers and clients
* Maintaining views on industry-wide issues that impact originators, broker/dealers, and investors
* Responsibilities may include monitoring U.S. and global regulatory changes, accounting and capital requirement changes, federal, state, and global lending laws, and any legal precedents
* Building and maintaining relationships with sell side firms and issuers
* Training and development of junior analysts
* BA/BS degree (MBA, MS and/or CFA are pluses)
* Candidate should have a minimum of 10 years of experience in mortgage credit research
* Demonstrated experience in developing and utilizing mortgage models, either independently or in close collaboration with a quantitative modeling team.
* 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
* Has a keen interest in capital markets and mortgage credit investments
* Possesses strong attention to detail and possesses excellent creative and technical skills
* Solid capabilities in fixed income mathematics
** PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.*
* ** Note**:
Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The annual base salary range for this role is from $200,000 to $225,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
** Work/Life Resources
** to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.  
** Education Benefit
** to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.  Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week. Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec.

31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit
** Our Commitment to an Inclusive Workplace
** Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative…