What you will do
The Associate Manager, Trade Management - Collateral Management & Servicing is responsible for direct supervision of a team while providing operational, research, and analytical support to the PGIM Fixed Income businesses for derivative products (i.e. Swaps, Futures, FX, and Options). This individual is responsible for increasing organizational capabilities through efficiencies and scale. Coaching, developing, and leading by example will be some of the expectations of this individual with respect to talent management.
The team is responsible for the monitoring and settlement of daily collateral activities with numerous counterparties across multiple product types. In addition, the team works closely with internal Operations teams, portfolio managers, and broker dealers.
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The Associate Manager is expected to anticipate issues that may introduce risk, cause errors and adversely affect the performance of our clients and funds. Associate will also provide support to the team in solving problems and incorporating new processes to mitigate risk.
What you can expect
- Communicating with external brokers to agree on daily futures Variation Margin and Initial Margin to be moved.
- Completing daily reconciliations and validating our portfolios by investigating and resolving futures Variation Margin and Initial Margin breaks.
- Liaising with trading desk on special handling accounts to help them meet investment needs and substitute collateral.
- Overseeing a team of two direct reports with a concentration on key controls and process enhancements.
- Investigating cash collateral break differences with custodian banks.
What you will bring
- Degree in Economics, Finance or Business preferred
- 3-5 years of experience supporting fixed income products or relevant experience
What will set you apart?
- Derivative product knowledge
- Supervisory experience
- Strong leadership skills
- Strong analytical & problem-solving skills
- Solid understanding & appreciation of business risk & operational controls
- Basic project management skills
*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
What we offer you
- Health Insurance: PGIM Ireland partner with Laya and BUPA to provide health insurance schemes that cover eligible employees day to day medical and hospital expenses.
- Annual Leave of 23 days at full pay.
- Pension Scheme: Members of the scheme can contribute up to 8% of salary per annum and PGIM Ireland matches contributions up to 8% of salary. Members can also make voluntary contributions to the scheme.
- Annual Bonus Programme & Shop LK Vouchers: Along with an annual bonus employees are rewarded with Shop LK vouchers which are paid tax free.
- Life Assurance: fully paid by PGIM Ireland, employees are covered from their start date and beneficiaries are provided with a lump sum of four times an employee's salary.
- Education Assistance: PGIM Ireland have an Education Assistance Programme that reimburses eligible employees for furthering their education.
PGIM Ireland is proud to be an equal opportunity employer and is committed to equal employment opportunity regardless of applicants' gender, civil status, family status, sexual orientation, religion, age, disability, race or membership of the traveler community. PGIM Ireland's aim is to hire the best people for the open roles and all appointments will be made on merit.
Any offer of employment made by PGIM Ireland will be contingent on receiving satisfactory references. Applicants should be aware that background checks will be carried out on all candidates offered a position within PGIM Ireland.
PGIM Ireland has been awarded the IBEC Keep Well Accreditation Mark, this is in recognition of our commitment to making our employees wellbeing a priority.