CLO Specialist, Portfolio Administration PGIM Fixed Income
other jobs , eFinancial Careers
Added before 42 Days
- England,London
- Part-time
- Competitive salary
Job Description:
PGIM Fixed Income | CLO Specialist, London based
A GLOBAL LEADING ASSET MANAGER 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:
As a Collateralized Loan Obligation (CLO) Specialist, you will be part of a growing and exciting team that is an integrated part of a large and global fixed income business. You will provide support to the Fixed Income CLO business
What you can expect:
* Being the primary on-site business management point of contact for activities for each of the CLO’s supported by the CLO Business Management Team.
* Oversight and ownership of all data attributes within the compliance application to provide optimal support to CLO Analysts and Portfolio Managers.
* Reconcile holdings and 50+ data attributes between internal compliance application against the Trustee(s) data for his/her respective deal on a monthly basis.
* Perform daily, weekly, and monthly tasks to ensure all data is accurate and well maintained.
* Calculate and verify quarterly distribution payments made to Dryden CLO investors.
* Perform Hypothetical Trade tests; manage process with internal Product Support team and Trustees daily.
* Reconcile and investigate cash discrepancies with trustees and internal operational teams.
* Support fund launches by managing process from Pricing to Closing date, including approval of Flow of Funds.
* Test and validate new compliance model as per the CLO Indenture; provide feedback to vendor, if needed.
* Establish proper controls and create efficiencies to mitigate risk and improve processes.
* Liaise with internal members (Operations, Analysts, Portfolio Managers, Technology) and external members (Trustees and Investors) to ensure proper service levels are achieved.
* Develop an understanding of the Fixed Income trading business and use that knowledge to increase service levels.
What you will bring:
• Degree in Economics, Finance, or Business preferred.
• CLOs and/or Bank Loans experience
• Outstanding academic achievement, extracurricular involvement and work experience.
• Strong analytical and problem-solving skills.
• Self- starter, self-motivated, and ability to work within a team environment.
• Willingness and desire to learn and teach others.
What will set you apart:
* Strong knowledge of Excel; VBA a plus
* Strong knowledge of Fixed Income products, investment strategies, and derivatives preferred
*PGIM welcomes all applicants, even if you don’t meet every requirement. If your skills align with the role, we encourage you to apply.
About PGIM Fixed Income:
PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets.
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. 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. For more information, please visit PGIM Fixed Income
About PGIM - Global Asset Management
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.27 trillion in assets under management as of June 30th, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives.
With a history dating back 148 years, and experience through more than 30 market cycles, PGIM takes a long-term view, not only in our investment philosophy, but also in how we develop our talent. We want to see our employees excel from their first day with the firm and throughout their tenure with PGIM. We will inspire you, support you, and help you reach your greatest personal and professional aspirations. If PGIM sounds like the place for you, join us. For more information about PGIM, visit PGIM.com.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Our Commitment to Diversity, Equity, and Inclusion
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.
-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
A GLOBAL LEADING ASSET MANAGER 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:
As a Collateralized Loan Obligation (CLO) Specialist, you will be part of a growing and exciting team that is an integrated part of a large and global fixed income business. You will provide support to the Fixed Income CLO business
What you can expect:
* Being the primary on-site business management point of contact for activities for each of the CLO’s supported by the CLO Business Management Team.
* Oversight and ownership of all data attributes within the compliance application to provide optimal support to CLO Analysts and Portfolio Managers.
* Reconcile holdings and 50+ data attributes between internal compliance application against the Trustee(s) data for his/her respective deal on a monthly basis.
* Perform daily, weekly, and monthly tasks to ensure all data is accurate and well maintained.
* Calculate and verify quarterly distribution payments made to Dryden CLO investors.
* Perform Hypothetical Trade tests; manage process with internal Product Support team and Trustees daily.
* Reconcile and investigate cash discrepancies with trustees and internal operational teams.
* Support fund launches by managing process from Pricing to Closing date, including approval of Flow of Funds.
* Test and validate new compliance model as per the CLO Indenture; provide feedback to vendor, if needed.
* Establish proper controls and create efficiencies to mitigate risk and improve processes.
* Liaise with internal members (Operations, Analysts, Portfolio Managers, Technology) and external members (Trustees and Investors) to ensure proper service levels are achieved.
* Develop an understanding of the Fixed Income trading business and use that knowledge to increase service levels.
What you will bring:
• Degree in Economics, Finance, or Business preferred.
• CLOs and/or Bank Loans experience
• Outstanding academic achievement, extracurricular involvement and work experience.
• Strong analytical and problem-solving skills.
• Self- starter, self-motivated, and ability to work within a team environment.
• Willingness and desire to learn and teach others.
What will set you apart:
* Strong knowledge of Excel; VBA a plus
* Strong knowledge of Fixed Income products, investment strategies, and derivatives preferred
*PGIM welcomes all applicants, even if you don’t meet every requirement. If your skills align with the role, we encourage you to apply.
About PGIM Fixed Income:
PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets.
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. 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. For more information, please visit PGIM Fixed Income
About PGIM - Global Asset Management
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.27 trillion in assets under management as of June 30th, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives.
With a history dating back 148 years, and experience through more than 30 market cycles, PGIM takes a long-term view, not only in our investment philosophy, but also in how we develop our talent. We want to see our employees excel from their first day with the firm and throughout their tenure with PGIM. We will inspire you, support you, and help you reach your greatest personal and professional aspirations. If PGIM sounds like the place for you, join us. For more information about PGIM, visit PGIM.com.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Our Commitment to Diversity, Equity, and Inclusion
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.
-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
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