PGIM: Senior Director, Securitized Products Credit Research (Hybrid/Newark, NJ)

Job Classification: Investment Management - Portfolio Research A GLOBAL FIRM 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 .     At PGIM, You Can!     What you will do     A research position within the Securitized Products group of PGIM Fixed Income focused on CLO credit strategies. The successful candidate will work closely with portfolio management teams to analyze CLO investments, monitor portfolio positions, and contribute to investment decision-making. Responsibilities include analyzing CLO collateral and structures, conducting surveillance on existing investments, assigning and maintaining internal credit ratings, and evaluating relative value opportunities. The role also involves assessing CLO collateral managers, integrating macroeconomic and sector trends, and contributing to investment strategy and portfolio positioning. 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. This position follows a hybrid work model, with working 3 days in the Newark, NJ   office   and 2 days remote.    What you can expect     Contribute to capital deployment strategies by identifying investment opportunities across CLO transactions. Present and support investment research and relative value analysis to portfolio management teams, influencing portfolio positioning. Analyze CLO collateral, structural features, and documentation. Track portfolio positions to evaluate credit risk, rating stability, cash flow performance, and relative value opportunities. Conduct sensitivity and scenario analysis on CLO investments and automate analytical processes where appropriate. Assess collateral behavior by integrating bottom-up analysis with macroeconomic and market trends. Develop, enhance, and maintain analytical tools, models, and data pipelines to support research and portfolio monitoring. Organize and process data from multiple sources to facilitate surveillance of collateral managers and tranche performance. Perform ongoing surveillance of CLO portfolios, including monitoring collateral quality, manager behavior, and structural triggers. Support due diligence on CLO collateral managers, including evaluation of business models, underwriting processes, and performance. Assist in negotiation and review of structural terms and transaction documentation for new issue CLO investments. Engage with market participants including collateral managers, rating agencies, trustees, and other investors to develop market insight. Monitor industry trends, regulatory developments, and macroeconomic conditions impacting CLO markets. Explore and implement advanced analytical techniques, including automation and natural language processing, to improve research efficiency. Develop client-facing materials and support presentations for prospective and existing clients. What you will bring     BA/BS degree, preferably in a quantitative field 8+ years experience in fixed income, banking, and/or capital markets 5+ years credit research experience particularly with exposure to CLOs or leveraged loans preferred. Strong analytical and quantitative skills. Programming and data visualization skills (e.g., Python, Power BI, Tableau) are preferred. Experience with Intex and structured finance modeling are required. Experience developing analytical tools, automating workflows, or working with large datasets is preferred. Knowledge of CLO structures and underlying leveraged loan collateral; familiarity with loan markets is a plus. Strong attention to detail and ability to manage multiple assignments in a fast-paced environment. Excellent communication and presentation skills, with the ability to articulate investment views clearly. Ability to work independently and collaboratively across teams. Intellectual curiosity and strong interest in CLOs and leveraged loan markets. *PGIM welcomes all applicants, even if you   don't   meet every requirement. If your skills align with the role, we encourage you to apply.     Prudential is required by   state specific   laws to include the salary range for this role when hiring a resident in applicable locations. The annual base salary range for this role is from $195 ,000 to $215,000 .   Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. This role is also eligible for   additional   compensation and/or benefits including a competitive, discretionary annual cash bonus opportunity along with long term incentive awards. Eligibility to   participate   in the discretionary annual incentive programs   are   subject to the rules governing the program, whereby an award, if any, depends on   various factors   including, without limitation, individual and organizational performance.    What we offer you: 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