Operations - Newark, NJ Investment Associate, Trade Operations

About the position

QMA is a subsidiary of Prudential. Since 1975, QMA has pioneered the use of advanced analytics to enhance the investment decision-making process. We combine discipline and seasoned judgment to create investment solutions tailored to client objectives. QMA manages more than US$ 116 billion in assets for institutions around the world. We manage portfolios for corporate pension plans, public pension plans, endowments and foundations, multi-employer pension plans, and sub advisory accounts for other financial services companies.

Core Functional Responsibilities:

  • Day-to-day resolution of complex problems and the execution of complex transactions
  • Review and resolve trade discrepancies with brokers, gain agreement on all trade details (financial info as well as settlement info)
  • Confirm any necessary adjustments/corrections with Traders and process trade corrections as needed
  • Ensure all trades are sent to banks by deadlines on trade date, with particular emphasis on sensitive markets and short-settlement trades. Save and check details from all broker confirms each day
  • Affirm domestic trades via OMGEO system and confirm global trades via CTM. Save all official trade confirmations from these systems.
  • Analyze and complete the CTM reconciliation report
  • Load all FX files, ensure all FX activity is matched with brokers in GTSS and resolve any discrepancies
  • Maintain Accurate broker settlement instructions in accounting system
  • Reconcile and analyze daily FVM and resolve issues between multiple counterparties including brokers and custodial banks.
  • Prepare wires for daily FVM movements, obtain signatures and send to banks
  • Handle incoming email issues; resolve or route accordingly
  • Monitor all trade processing in our Trade Order Management system
  • Maintain data integrity of Trade System (holiday calendar, security info, daily error messages etc.)
  • Responsible for complete set up of new funds- Requires coordination between internal party’s banks and brokers in addition to system set ups.
  • Ensure daily blotters are clean by end of day, and all trades have been sent to banks, fund accountants, etc.
  • Confirm all manual/non-standard trades & trade requests have been received by the custodian (FXs, T-Bills)
  • Build and maintain collaborative relationships with internal and external parties
  • Follow-up on issues as related to assignments
  • Assist with ad hoc projects

Qualifications

  • BA/BS degree, preferably in Finance/Economics/Business
  • 2-3 years of related experience in the accounting/operations area of the investment management industry preferred
  • Knowledge of securities markets/transactions
  • Highly analytical, organized, and detail-oriented
  • The ability to handle people and situations with maturity and professionalism
  • Takes initiative and exhibits leadership qualities when dealing with problems and projects
  • Systems skills
  • Excellent communication skills both verbal and written
  • Able to work in a team environment while taking individual responsibility for the quality and accuracy of his/her work
  • Excellent time management skills; work efficiently under the pressure of deadlines
  • During peak periods, the individual may be required to work after regular hours

Leadership Competencies:

  • Committed to high ethical standards and acts within the best interests of the clients and other interested parties
  • Generates ideas to increase efficiency and reduce risk by assessing current procedures and implementing new ones
  • Collaborates with other areas of the organization in order to use all available resources and transform thoughts and ideas into action

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

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