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


  • 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

Onboarding Specialist - Prudential Advisors

Operations - Iselin, NJ
  • Full Time Position
  • Job No: PRU000P7

The Onboarding Specialist will serve as a liaison between the field and home office for onboarding new experienced advisors. Responsibilities include:

  • Performs process analysis to design or redesign multiple, integrated systems work flows and process issues to ensure that processes are customer focused, consistent, effective and efficient.
  • Identify, implement and /or integrate technologies needed to automate the new process.
  • Responsible for the implementation and training planning across multiple sites and documentation of processes.
  • Able to develop a...
View Job Details

Business Initiatives Associate

Operations - Scranton, PA | Hartford, CT | Iselin, NJ
  • Full Time Position
  • Job No: PEN0000A
  • Supports key strategic initiatives and projects
  • Monitors Standard Operating Procedures & Quality Practices/Protocols for Plan Compliance Services to ensure up-to-date and best practices are followed. Also, supports the development and coordination of training needs and activities for Plan Compliance & Financial Services (PCFS), i.e. audience identification & scheduling.
  • Supports Business Initiatives Manager(s) with one or more of the following:
    • Reporting on Business Results and Metrics
    • Records Management and Business Continuation Program deliverables
    • Capacity...
View Job Details

Senior Customer Service Associate - Customer Relations Complaint Handler

Operations - Dresher, PA
  • Full Time Position
  • Job No: ANN000LD

The Senior Customer Service Associate – Customer Relations Complaint Handler is responsible for responding to complaints concerning Prudential Annuity products. Sources of these complaints may include the executive office, media, Department of Investigation and policyholders. Researches and investigates pertinent historical information and case data. Effectively communicates (via letter or phone) responses and reasoning concerning the inquiries to the involved parties. Will participate on process improvements and will assist in developing departmental procedures....

View Job Details

Data Specialist

Operations - Scranton, PA
  • Full Time Position
  • Job No: PRT00069
This position is within Pension Risk Transfer Defined Benefit Operations in Scranton, PA. Primary responsibilities include data analysis and reporting, including
  • Managing large amounts of data, merging information, sorting, and comparing within Excel and related systems’ programs for the purpose of error resolution or trend identification
  • Updating and maintaining scorecards and metrics
  • Assisting in capacity planning efforts by regularly maintaining and enhancing existing tools
  • Researching data integrity issues and identifying root cause and required...
View Job Details
Search All Prudential Jobs