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.

Apply Now

Join PrudentialApply for this position

Please fill out the online application and upload your supporting materials. We appreciate the time and effort you put into your application.

Apply Now

Save or Send Email this Job

Get a link to the job and the full description that you can save for later or share with someone you think might be a good fit.

Get Link to this job description in an email to save for yourself or send

Related Job Openings

Manager, Planning & Analysis, Central Transaction Review, Prudential Advisors

Operations - Iselin, NJ
  • Full Time Position
  • Job No: CEN0004Q
Prudential Advisors is Prudential’s retail distribution channel. Prudential’s captive agents are licensed insurance agents, appointed to Prudential’s US-based life insurers, and referred to as Prudential Advisors' Financial Professionals. Prudential Advisors' Financial Professionals are also registered representatives of Pruco Securities, LLC, Prudential’s dually registered broker dealer/investment advisor registered with the SEC and FINRA.
Our captive agent force is comprised of approximately 2,600 Financial Professionals and 330 field managers located in...
View Job Details

Manager, Client Transition

Operations - Scranton, PA | Dubuque, IA | Iselin, NJ | Hartford, CT
  • Full Time Position
  • Job No: DC 0002A

The Client Engagement Team Manager is responsible for ensuring the successful team outcomes which are based on several factors including but not limited to:

  • Client, intermediary, and internal partner satisfaction
  • Client reference-ability
  • Meeting committed timeframes
  • Minimization of errors/losses to Prudential
  • Responsible for day to day management of a team of Implementation Managers and Coordinators.
  • Has ownership with peers of the end-to-end process for client implementation via the on-boarding or enhancement of plans through product and services adoptions....
View Job Details

Defined Contribution Operations Specialist

Operations - Scranton, PA | Dubuque, IA
  • Full Time Position
  • Job No: INC0000J

The Defined Contributions Operations Specialists at Prudential Retirement are Defined Contribution professionals and an integral part of the operations team. This Specialist role is responsible for performing a variety of complex administrative and analytical functions which require an in-depth understanding of rules, regulations, and the implications of processes.

In this role, the Specialists may be responsible for responding to client questions, creating cases, providing research, and resolving contribution errors. Specialists may directly interact with clients...

View Job Details

Customer Service Associate (Annuities Disbursements)

Operations - Dresher, PA
  • Full Time Position
  • Job No: ANN000L9

Responsible for disbursing money from Prudential Annuities upon request. This incumbent is responsible for reviewing the forms received for "good order". Review includes but not limited to: tax, procedural and compliance requirements. Once the case is determined "good order" the representative inputs the request for the client in the appropriate system. For those cases that do not meet the "good order" review are referred for handling. Responsible for transactions including: full surrenders, partial withdrawals, excess withdrawals, dividend withdrawals, 1035 exchanges,...

View Job Details
Search All Prudential Jobs