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

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

Join to apply for the PGIM Fixed Income : Head of Mortgage Credit Research (Hybrid / Newark, NJ) role at PGIM . We are looking for a seasoned mortgage credit research leader to drive strategy and oversight for our structured product teams.

What You Will Do

This role is a research position leading the mortgage credit research team within the Securitized Products Research group of PGIM Fixed Income. The successful candidate will work closely with the structured products portfolio managers to formulate mortgage credit related investment strategies and oversee the mortgage credit portfolio. Responsibilities include : analyzing transaction collateral, assigning internal credit ratings, reviewing transaction documentation packages, developing and maintaining issuer and complementary creditor partnerships, conducting issuer due diligence as necessary, communicating with investment banking teams, working closely with portfolio management, in‑house counsel, and other internal colleagues to determine investment suitability and relative attractiveness, presenting to clients and conducting surveillance on existing investments and industry trends.

What You Will Bring

• 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.

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. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

What we offer you

Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part‑time employees scheduled to work less than 20 hours per week.

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, national origin, 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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