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CIO - Derivatives Operations Associate

Company: Prudential Financial, Inc.
Location: Newark
Posted on: December 5, 2019

Job Description:

CIO - Derivatives Operations Associate - Prudential Financial _ga Cookie Value Careers-Job Search-Job DetailsJob Description - Prudential Financial Human Resources WT_FPC Cookie Value Skip to main content (Press Enter). Go to ************** - Continue an Application - Students - Talent Acquisition Partners - LinkedIn Opens in new window - Glassdoor Opens in new window - Facebook Opens in new window - Twitter Opens in new window Prudential Careers - Overview - A Focus on Talent - About the Company - Working at Prudential - Find a Career - Stories - Continue an Application - Students - Talent Acquisition Partners - LinkedIn Opens in new window - Glassdoor Opens in new window - Facebook Opens in new window - Twitter Opens in new window - Go to Prudential.comMenu Close Prudential Careers Search for Jobs Start of main content BACK TO SEARCH RESULTS Operations - Newark, NJ CIO - Derivatives Operations Associate - Job Details - Related Jobs - Resources About the position PGF Operations provides derivative trade support and back office operations for the Global Hedge Management Group, as well as a number of affiliates. Primary support functions include ensuring the accurate maintenance of trade records for all OTC derivatives within the firm (for Prudential businesses only - excludes 3rd party managed and retail funds, non-guaranteed separate accounts), as well as certain exchange traded instruments from inception through maturity, confirmation and processing of payments related to derivatives activity, maintaining market data for purposes of trade valuations, management of collateral related to derivatives positions, and preparation of daily risk reports for management. Secondary functions include the processing of non-USD payments and foreign exchange conversions for certain domestic businesses. The associate will be responsible for some of the processes described below: Cash Processes The Cash Desk functions as the central point for all incoming or outgoing wire transfers for Prudential Global Funding. Some of the more critical functions associated with the Cash Desk include the daily bank reconciliation, cash projections and the processing of all US dollar and foreign denominated wires. Responsibilities may also include the daily preparation and processing of all interest rate swap payments, as well as any FX conversions and payments for both PGF and the Enterprise. Market Data Processes PGF Operations is responsible for uploading and maintaining all of the market data needed for the pricing and valuation of derivatives. Examples of this include setting the rates on all swaps, caps, floors and collars and ensuring the upload of the USD, FX, volatility and spread curves into the Summit system. Collateral Processes PGF is responsible for the daily monitoring of counterparty exposure to support the collateral service agreement (CSA) and initial margin requirements for cleared OTC and bilateral OTC derivatives. In addition to monitoring and reporting the exposure, responsibilities include responding to and instructing upon daily collateral calls. This includes substitutions, researching any disputed items, performing reconciliations of portfolios when disputes occur and managing the principal and interest processing of collateral posted and held. Additional job responsibilities may include: - Maintenance of new trades and performing deal verification to ensure the accuracy of the trade details in the derivative system. - Resolution of fails for all settlements. - Research and resolve trade discrepancies - Responding to ad-hoc requests. Qualifications All the desks within PGF Operations require an individual who has strong analytical skills, can research and resolve outstanding items independently, works well in a team environment, completes one's responsibilities in a timely and accurate manner and who exhibits good interpersonal skills. Aside from the daily responsibilities, the individual is also expected to work on various assigned projects and become more actively involved in the development and implementation of value added initiatives. Not only will such projects challenge the individual and broaden their scope of knowledge, but also benefit the group by streamlining and/or creating efficiencies to current work processes. Qualifications: - 1-3 years of relevant work experience - Excellent interpersonal skills. Ability to communicate in a tactful, diplomatic manner. - Good organization and time management skills. - Ability to complete both daily and long term assignments. - Ability to work well under pressure and meet tight deadlines. - Working knowledge of Microsoft Excel and Word. - Excellent analytical skills and problem-solving skills. - Ability to demonstrate a high degree of initiative. - Able to communicate and work well in a team environment as well as independently - Detailed oriented - Bachelor's degree in Finance, Accounting or Economics Additional Comments: The position is located in Newark, New Jersey. One of the responsibilities of this position includes the processing of wire transfers. In accordance with the Treasurer's Policy Background Screenings on Wire Transfer Associates, any candidate selected for this position will be required to submit to a background screening including a criminal check, a credit check and fingerprinting. Failure to comply will eliminate a candidate from consideration for this position. In addition, any negative information obtained as a result of the background screening may result in the disqualification of the candidate from this and any other position in Prudential, including their current one if they are an internal applicant. 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 services, mutual funds, asset management, and real estate services. We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit ****************** to learn more about our values, our history and our brand. Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law. Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at ******************************* for more information about doing business with Prudential. Apply Now Email this Job Apply Now Email this Job Resources for Applicants - Tips for Success - Finding the Right Fit - Our Commitment to Diversity Apply Now Share this Job Related Jobs Project Management Specialist - Individual Life Insurance - Sales and DistributionOperations - Plymouth, MN - Newark, NJ - Hartford, CT Full Time Position - Job No: DIS000BWView Job Description Operations & Controls SpecialistOperations - Glen Allen, VA Full Time Position - Job No: MID000B3View Job Description VP, Annuity Inforce Service OperationsOperations - Shelton, CT - Dresher, PA - Dresher, PA - Newark, NJ Full Time Position - Job No: ANN000T7View Job Description Director, Strategic InitiativesOperations - Dresher, PA - Newark, NJ - Scranton, PA - Plymouth, MN Full Time Position - Job No: IND000DWView Job DescriptionSearch All Jobs Email this Job mailto:?subject=Prudential%20Careers & body=I%20thought%20you%20might%20be%20interested%20in%20this%20job.%20%0A%0AXXXX Prudential Careers Go to Prudential Prudential Careers - Overview homepage - A Focus on Talent - About the Company - Working at Prudential - Find a Career - Internships - Talent Acquisition Partners Connect on Social Media - LinkedIn Opens in new window - Glassdoor Opens in new window - Facebook Opens in new window - Twitter Opens in new window - Terms & Conditions - Accessibility Help - Privacy Center - Online Privacy Statement - Business Integrity - Social Responsibility - Diversity and Inclusion Warning: Misuse of Prudential name in fraud schemes. The views expressed by each employee is based on his or her personal experiences and opinions. An individual's own abilities, dedication, and achievements will have a direct impact on his or her success at Prudential, potential for professional growth, and opportunities for other careers at Prudential and its affiliates. Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law. The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Please consult with your tax and legal advisors regarding your personal circumstances. Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom. Pruco Life Insurance Company, an Arizona company - California COA # 3637. The Prudential Insurance Company of America - California COA # 1179. Prudential Retirement Insurance and Annuity Company - California COA # 08003 Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency - May Lose Value - Not a Deposit of or Guaranteed by the Bank or any Bank Affiliate EEO IS THE LAWPDF file downloads or opens in a new window. People with DisabilitiesOpens in a new window Prudential is an Employer that participates in E-Verify. See the E-Verify notice.PDF file downloads or opens in a new window. Learn about your right to work.PDF file downloads or opens in a new window. Template: *******-00001-00 2016 Prudential Financial, Inc. and its related entities.

Keywords: Prudential Financial, Inc., Newark , CIO - Derivatives Operations Associate, Other , Newark, New Jersey

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