Business: Project Management and Fixed Income Essay

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Prudential Division: PIM Fixed Income
Location: Newark, NJ
Position: Fixed Income Operations Rotation Associate

In order to be considered, you must apply directly to Prudential’s Campus Recruitment site within 24 hours of submitting your resume through Career Services. You will not move forward in the recruitment process, if we do not receive your application. Please copy and paste the URL link below into your internet browser:

https://pru.taleo.net/careersection/pru_campus_core/jobdetail.ftl?job=ALT0002J&lang=en&

Business Overview: Prudential Fixed Income (PFI) offers institutional investors needs-based solutions across the fixed income markets, with a focus on credit strategies and liability-driven investing. PFI manages $418 billion** in assets (**as of March 31, 2014). Within this division, the following Operational units provide support to Prudential Fixed Income: Alternative Investment Operations, Derivative Operations, Securities Lending, Trade Operations, Portfolio Administration, Product Support, Corporate Actions, Account Management, Operating Risk, and Performance Reporting.
The Fixed Income Investment Operations Rotation Program is designed to provide associates with a diverse skill set, experience in many functional areas within Fixed Income (listed above), and create tomorrow’s leaders. Associates selected for this program will rotate through 3 to 4 different areas over a 28 month period. The program combines on-the-job training with formal training classes and special project assignments to expose the candidates to a wide range of learning and development opportunities. At the conclusion of the rotation program the associate will be considered for all open vacancies for final placement within the Operations space.
Description

Associates will:
Gain leadership experience
Attend formal training classes in combination with on-the-job training
Administer functional support while maintaining a satisfactory risk and control framework
Analyze and distribute investment reporting to the portfolio management teams

This program requires Associates to:
Learn multiple “Back & Middle Office” functions at an accelerated pace such as trade settlements, cash and position reconciliations, interacting with various external business partners.
Adapt to different jobs and supervisors
Apply what they learn from training and rotations to each area
Train next rotation trainee
Perform a group project assignment during last rotation
Perform special assignments as needed
Evaluate and provide feedback on each rotation to the sponsoring business unit with a focus on Unit Proficiency

Requirements and Skills:
3.3 minimum GPA
Bachelor’s Degree - Business/Finance a plus but not required
Demonstrates a strong commitment to professional ethics and environment
Works well under pressure and meets scheduled deliverable dates
Basic knowledge of the financial markets, specifically fixed income a plus
Excellent organization and time management skills
Decision making & leadership experience
Problem solving skills & project
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