What you will do

This is a portfolio management role within Securitized Products team at PGIM Fixed Income.

We are seeking an experienced Securitized Products Portfolio Manager to join our investment team. This role involves managing portfolios of securitized assets with a focus on asset-backed securities (ABS) and non-agency residential mortgage-backed (RMBS) securities. The ideal candidate has a deep understanding of securitized products, proven portfolio management expertise, and the strategic insight necessary to navigate complex market environments.

This position is performed in a hybrid manner with a mix of work performed from our office in Newark, NJ and remotely. Our organization follows a hybrid work structure where employees meet with their team in the office on set days of the week and can work remotely the remainder of the week. This role will report to the Co-Heads of Securitized Products.

What you can expect

 Develop and execute investment strategies for securitized products portfolios, focusing on asset selection, risk management, and return maximization while ensuring compliance with investment policies, regulations, and client objectives.

• Work closely with the Securitized Products research team to assess risk, underwrite potential investments, and identify relative value
• Use quantitative and qualitative methods to identify value-added investment opportunities within the securitized products space.
• Present investment thesis and positioning to clients and internal stakeholders.
• Participate in the firm's marketing and fundraising efforts as needed
• Actively engage with market participants, including brokers, banks, and counterparties, to source investment opportunities and gain insights into market conditions.
• Attend industry conferences, webinars, and meetings to remain up-to-date on securitized products trends, regulatory changes, and new investment opportunities.
• Influence the buildout of new technologies to facilitate portfolio management processes
• This is a hybrid role based in Newark, NJ with a requirement to be in the office from Tuesday to Thursday.

What you will bring

•  15+ years of experience managing securitized products Proven experience of successfully managing ABS and RMBS
• Deep network of relationships with issuers, banks, sponsors and funds
• Proven track record of managing people and processes
• Strong communication and presentation skills
• Strong understanding of fixed income mathematics and bond valuation concepts
• Strong understanding of quantitative methods and models
• BA/BS degree required (MBA, MS and/or CFA are pluses)

What will set you apart?

• Experience investing within European markets
• Understanding of regulatory considerations within portfolio management affecting Securitized Products including ERISA & EUSR
• Ability to distill and communicate complex issues clearly and concisely to a variety of decision makers and audiences
• Ability to work well as part of a team and enjoy a fast paced, high intensity environment
• Ability to think creatively and help solve unique challenges that come from investing across different investor types such as pension and insurance clients
• Buy-side asset manager experience

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

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