PGIM Fixed Income : Head of Mortgage Credit Research (Hybrid / Newark, NJ)

PGIM Fixed Income : Head of Mortgage Credit Research (Hybrid / Newark, NJ)

PGIM is a global asset manager that is part of Prudential. The Head of Mortgage Credit Research leads the mortgage credit research team within the Securitized Products Research group, working closely with structured product portfolio managers to formulate mortgage credit investment strategies and oversee the mortgage credit portfolio.

What You Will Do

The successful candidate will work closely with portfolio managers, assess transaction collateral, assign internal credit ratings, review transaction documentation packages, maintain issuer and creditor partnerships, conduct due diligence, liaise with investment banking teams, counsel, and other internal colleagues to determine investment suitability and relative attractiveness, present to clients and conduct surveillance on existing investments and industry trends.

What You Will Bring

• Underwrite public RMBS, mortgage whole loan and mortgage related ABF investment opportunities : develop tools for analyzing residential mortgage credit risk; negotiate document terms; determine proprietary credit ratings; perform ESG review and assign ESG Impact score.
• Undertake ongoing monitoring and analysis of existing positions to assess credit risk, credit ratings stability, cash flow volatility, portfolio positioning and trading opportunities.
• Work closely with structured products portfolio managers on all aspects of mortgage credit sectors : communicate credit and risk / reward opinions; highlight changing fundamental viewpoints; help establish strategic direction.
• Present results from transaction‑specific and sector‑wide analyses to internal and external audiences.
• Maintain views on industry‑wide issues that impact originators, broker / dealers, and investors.
• Monitor regulatory and accounting changes, federal, state, and global laws and legal precedents.
• Build and maintain relationships with sell‑side firms and issuers.
• Train and develop junior analysts.

What will set you apart?

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.

What We Offer You

Seniority level : Director

Employment type : Part‑time

Job function : Finance & Sales

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

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

If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.

If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.

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