Director, Treasury Operations

A GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we're always looking for ways to improve financial services. We're passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.

We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. 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!

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.

• Treasury oversight
• Direct report to an analyst and intern, developing and coaching the team and pitching in to solve complex or sensitive matters and act as a contact of escalation in day-to-day tasks
  • Management of effective and value-add relationships with local and global banking partners, with a focus on their European footprint
  • Ensuring efficient and effective processes for bank account maintenance activity, timely reporting, reducing execution risks critical to transactional timelines and proactive management of credit exposure
  • Collaborating efficiently and effectively with 3rd party service providers across Europe (including fund and corporate administrators, custodians, and banks), including managing the onboarding and coordination of their treasury activities (account maintenance) with other stakeholders
  • Evaluation/benchmarking of costs, service levels and electronic platforms implemented or available, leading implementation projects for new platforms
  • Acting as a point of escalation within PGIM, towards banks and 3rd parties
  • Recommending, developing and implementing a standardized operating model on a service provider agnostic basis
  • Administration of banking platforms and management of 3rd party authentication tools, including review and negotiation of service agreements, fees schedules, and operating memorandums
  • Arranging for, or the supervision of bank account opening, closing and periodic reviews, including an efficient and effective approach is taken on KYC, the designation of bank authorities/signatory powers, with proactive management over the provision of information and internal dashboard reporting of status
  • Responsibility for ensuring complete and accurate records of bank accounts is maintained with an effective programme of recertification in accordance with approved delegations of authority and procedures
  • Maintenance of accurate authorised signatory list and bank mandates/users of various banking platforms
  • Retaining flexibility to make payments on an exceptional basis in accordance with our business continuity plans implementation
  • Supervision of risk mitigant processes including call back procedures
  • Develop, implement and maintain operational process documentation, policies and procedures
  • Keeps close communication and strong relationship with internal and external areas, ensuring the correct implementation of cash processing standards
  • Implementing and following up compliance of internal controls related to cash processing standards
• Depositary and custodial oversight
  • Carrying out ongoing controls of the Luxembourg depositary and custodian appointed to managed funds, including review, negotiation and maintenance of operational memorandums with regard to depositary and custodial activity
  • Collaborating with internal and external parties to ensure obligations towards the depositary and custodian are proactively and effectively managed
• Transactional
  • Transactional support in relation to acquisitions, dispositions and (re)financings in Europe especially with regards to treasury aspects
• Collaboration and support
  • Communicating directly to the AIFM board, conducting officers and others, acting as an expert on treasury oversight activity and governance, being able to make constructive proposals
  • Ensuring information submitted to the governing committees/bodies of the managed funds/fund SPVs are both complete and neutral, and decisions taken are implemented
  • Complying with local policies and procedures, supporting the strong operating risk, governance and control framework in place to meet all regulatory and statutory obligations

• Strong academic background: relevant degree level required in business/economics or similar
• Relevant work experience (e.g. fund manager, service provider, bank or audit/consulting firm)
• Highly organized, efficient, decisive and self-motivated with the requisite personal time management and communication / negotiation skills
• Ability to work in a fast-paced environment, with flexibility to adapt
• interested in process improvement, proposing new ideas and willing to develop new skills
• Attention to details
• Transparent and highly collaborative as this position requires to build strong relations within the Company
• Integrity and reliability, with a commitment to Diversity & Inclusion
• Team player, capability to interface professionally and to work on cross border structures, collaborating with colleagues from offices in Europe as well as in Asia and the US
• Fluent in English with clear and strong verbal and written communication skills required; French, German or Italian is an advantage

• Offering Flexibility and individuality, our opportunities align with the unique needs of our work, clients, teams, and lives.
• We understand that every role has its distinct requirements, so our managers treat their team as individuals, finding the way that works best for them to perform at the top of their game.
• We're not just talking about family friendliness! The majority of our employees have families; we enable flexible working hours while maintaining an in-office culture at the centrally located workplace in the heart of Luxembourg which is accessible with buses or tram.
• Work is not everything. We regularly organize informative office events, summer and year-end parties. In addition, we offer 30 days of vacation per year and non-working days on Christmas and New Year's Eve to switch off.
• We support you in all situations! Together with partner companies as well as mental health first aiders, we offer life coaching, child and emergency care and individual assistance in challenging life situations.
• We are aware of our responsibility! The real estate industry is responsible for a large part of the global CO2 emissions - PGIM has set itself ambitious goals to change something and you can make your contribution!