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PGIM Credit, Asset Backed Finance Surveillance Director

Newark, NJ, USA; Dallas, TX, USA · director

Job at a glance

Newark, NJ, USA; Dallas, TX, USA
Location
Director
Seniority

Job Classification: Investment Management - Investments A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration.

When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can! What you will do: PGIM is seeking an organized and analytical professional to conduct surveillance of Asset Backed Finance (“ABF”) assets.

This individual will work alongside the research teams to track transaction performance across all ABF investments and escalate situations where performance deviates from expectations. This cross-transaction generalist role will also partner with technology teams to improve automated surveillance coverage. The role offers exposure to the full spectrum of PGIM's ABF investments and a direct view into the investment process, making it a strong platform for growth.

What you can expect: Monitor ABF transactions at the deal level, assessing performance against structural features and against PGIM’s underwriting assumptions. Track collateral performance trends against underwritten credit assumptions and translate loan-level performance into deal-level implications. Follow and interpret transaction events, such as amendments, restructurings, servicer changes, etc., and communicate the credit impact.

Produce concise surveillance summaries that highlight performance trends, and forward-looking considerations to inform portfolio reviews; handle ad hoc surveillance requests as they arise. Partner with the ABF Deal Team to develop and standardize issuer reporting packages, closing gaps where current reporting is inconsistent or insufficient for effective surveillance. Partner with the technology team to improve automated surveillance coverage and strengthen escalation and monitoring practices across the ABF platform.

Engage with external parties to obtain and interpret transaction-level information, and support portfolio reviews, risk discussions, and internal inquiries with clear, analysis-driven insight. Identify and escalate collateral-integrity or cash-reconciliation anomalies, such as unexplained variances between reported and expected collateral or cash, that may signal fraud, double-pledging, or other data-integrity risk.

What you will bring: Bachelor’s degree required 5-10 years of relevant experience in securitized products with exposure to a wide range of asset classes. Demonstrated ability to monitor securitized products performance at the deal level and loan level. Experience reviewing periodic transaction reporting, which includes periodic trustee reporting and ongoing miscellaneous deal notices Strong understanding of Intex and Bloomberg Programming and data visualization skills required, with the ability to leverage AI to build efficient systems that analyze both existing datasets (e.g., Bloomberg, Intex, dv01) and bespoke issuer reporting not captured by traditional databases Detail-oriented and analytical, comfortable managing a steady calendar of recurring surveillance deadlines.

Excellent communication skills, with the ability to articulate performance views clearly to portfolio managers, traders, research colleagues, and other stakeholders. Ability to work independently and collaboratively across teams. PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage

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