Manager, Derivative Operations; Long​/Short Operations

PGIM - Manager, Derivative Operations (Long/Short Operations)

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Job Classification Investment Management - Investment Operations

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. 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!
If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can!

What You Will Do

The Manager in Derivative Operations is responsible for providing operational support and production oversight to the PGIM's fixed income group for Futures, FX and Swap products. This includes oversight of the Long/Short Operations team. The role will demand the ability to perform confirm and settlements functions, derivative life‑cycle processing, as well as maintaining an open dialogue with Investment Teams, Custodian Banks, Clearing Brokers, Prime Brokers, and Broker Dealers.

What You Can Expect

• Daily support and oversight of both Exchange Traded and OTC derivative booking, confirmation, & settlement processes
• Execute high leverage operational processes for the internal Long/Short team
• Daily reconciliation of positions and transactions between internal books and records and custodian/PB reporting
• Maintaining and assisting with onboarding/client request for information
• Overseeing production output of staff as well as researching/resolving confirmation discrepancies and fails
• Gathering and/or analyzing key metrics with regards to activity
• Help staff solve problems and incorporate new processes to mitigate risks
• Help develop departmental policies, guidelines and procedures
• Anticipating issues that may adversely affect the operational support of all derivative products and taking action to reduce the risk of occurrences
• Proactively seeking ways to improve current processes by leveraging the tools available to identify inefficiencies.
• Cultivating both internal and external relationships to ensure proper service levels are achieved for each fund supported
• Communicating operational support changes and initiatives to all impacted areas of PGIM
• Keeping abreast of industry initiatives and market trends that can impact our business model and/or offer opportunities to improve our processes

What You Will Bring

• 7+ years of experience in fixed income derivative confirmations, settlements, or collateral
• Bachelor’s degree or equivalent professional experience
• Strong understanding of derivative products, fixed income instruments, and related investment strategies
• Proficiency in Excel, including data reconciliation and Pivot Tables
• Demonstrated leadership capabilities
• Strong analytical and problem‑solving skills
• Ability to manage both day‑to‑day production activities and project‑based work
• Solid understanding of business risk principles and operational control frameworks
• Strong written and verbal communication skills

What will set you apart?

• Prior experience in hedge fund operations
• Working knowledge of Excel Macros
• Previous supervisory or team‑lead experience
• Thrives in a fast‑paced, high‑intensity environment
• Ability to multitask and quickly absorb information across a wide range of products
• Strong organizational skills with the ability to prioritize tasks and meet tight deadlines

Note
:
Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations.
The salary range for this role is from $135,000 to $145,000
. Specific pricing for the…