Prudential Financial

PGIM: Senior Investment Associate, RMBS Credit Research (Hybrid/Newark, NJ)

Newark, NJ, USA · Senior · Part-time

Sponsorship not specified$140k-$155kDetected 30 days ago

PythonData VisualizationExcelRecruitingResearchCommunicationPublic SpeakingUnderwriting

About the role

We're passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.
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!
The successful candidate will work closely with portfolio management teams to analyze RMBS and mortgage whole loan investments, monitor portfolio positions, and contribute to investment decision-making.

The candidate will collaborate with internal teams and external market participants including investment banks, rating agencies, and trustees, to support due diligence, transaction execution, and ongoing market insight.
Develop and maintain internal credit views and relative value assessments for RMBS sectors such as non-QM, CRT, jumbo, HELOC, other residential mortgage-related products.
Build scenario analyses to assess bond performance under varying collateral and home price assumptions.
Partner with portfolio managers and other research teams to formulate investment recommendations across RMBS and mortgage whole loans
Review transaction documents, third-party reports, and legal structures to evaluate protections, triggers, representations and warranties, and other deal-specific considerations.
Engage with issuers, dealers, servicers and other market participants to deepen market insight and support due diligence.
Strong attention to detail and ability to manage multiple assignments in a fast-paced environment.

BA/BS degree required
Proficiency in Excel and some experience working with large datasets is required.
What you can expect

Programming and data visualization skills (e.g., Python, Power BI, Tableau) are preferred.
Experience with Intex and structured finance modeling are preferred.
Exposure to residential mortgage collateral, securitization structures, cash flow analysis, and key drivers of RMBS performance are preferred.

Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations.

Market competitive base salaries, with a yearly bonus potential at every level.
Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
Company-funded pension plan.
Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration.
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.

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.

This listing is sourced directly from Prudential Financial's careers page and normalized into a canonical job model.