PGIM Fixed Income - Credit Derivatives Trader at Prudential Ins Co of America

Posted in Accounting 1 day ago.

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Type: Full-Time
Location: Newark, New Jersey





Job Description:

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, New Jersey, London, Tokyo and Singapore. As of June 30, 2019, the firm has $809 billion of assets under management including $346 billion in institutional assets, $142 billion in retail assets, and $321 billion in proprietary assets. Over 700 institutional asset owners have entrusted PGIM Fixed Income with their assets.  

The Credit Derivatives Trader will focus on corporate credit derivatives including credit default swap single names, indices and tranches, bespoke tranches, total return swaps on corporate indices, and options. 


  • Primary point for execution of these products and contribute to risk positioning and trade idea generation coming from relative value between regions, series, curves, and tranches.

  • Work with single sector corporate Portfolio Manager’s on relative value and multi-sector/multi-asset Portfolio Manager’s on macro risk.

  • Interact with Quantitative Strategies team in a financial modeling capacity to assess fair / relative value of the derivatives.

  • Meet with clients and prospects to discuss derivative markets, positioning, and performance.


  • BS degree and/or MBA and CFA

  • A background in fixed income credit derivative products, portfolio management and / or trading of these products

  • Experience working with a Quantitative Research team in a derivative modeling capacity.

  • Ability to work as part of a large team of portfolio managers, portfolio analysis group members, and credit analysts to communicate trade ideas, trade execution and performance.

  • A strong team player with the ability to be client facing.