PGIM Credit, Sr Associate, Asset Backed Securities Research

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 can expect: A research position on the Consumer Asset Backed Securities (“ABS”) credit research team within the Securitized Products group of PGIM Credit.

The successful candidate will work closely with the ABF and ABS portfolio management teams to help formulate Consumer ABS strategy and help monitor the Consumer ABS portfolio. The successful candidate will be responsible for analyzing transaction collateral and economic conditions, assigning and maintaining internal credit ratings, reviewing transaction structures and documentation packages, communicating with investment banking teams, working closely with portfolio management and other internal colleagues to determine investment suitability and relative attractiveness, conducting surveillance on existing investments, and following industry trends.

What you will do: Contribute to capital deployment strategies by identifying high-impact opportunities across Consumer ABS sectors and issuers, fueling investment idea generation and market positioning. Present and support investment research and relative value trading strategies to the ABS portfolio management team, shaping the risk and positioning of the Consumer ABS book. Engage with an issuer’s executive team to analyze business models, operational strategies, and financial health in the process of developing and maintaining internal credit ratings.

Assess issuer performance by integrating bottom-up historical data with top-down macroeconomic trends to inform risk-return expectations and influence security level buy, hold, or pass decisions. Design, enhance, and maintain analytical tools and visualizations to strengthen risk and analytics frameworks, to drive actionable data driven insights. Impact Consumer ABS sector strategies by monitoring emerging consumer borrower performance trends, macroeconomic indicators, and legal and regulatory changes.

Track Consumer ABS portfolio positions to evaluate credit risk, rating stability, and cash flow dynamics, while identifying trading opportunities. Advance ESG integration by contributing to proprietary ESG Impact Ratings and documenting ESG engagements. Build and nurture relationships with market participants, including buy-side investors, legal teams, rating agencies, sell-side firms, and trustees—to gain insights on emerging market dynamics.

What you will bring: Bachelor’s degree required 4-7 years of relevant experience in fixed income, securitized products, or consumer finance, with meaningful exposure to Consumer ABS or related consumer credit products. Strong analytical and quantitative skills. Exposure to consumer loan collateral, securitization structures, cash flow analysis, and key drivers of Consumer ABS performance are required.

Proficiency in Excel and some experience working with large datasets is required. Strong attention to detail and ability to manage multiple assignments in a fast-paced environment. Excellent communication and presentation skills, with the ability to articulate investment views clearly. Intellectual curiosity and strong interest in Consumer ABS and consumer lending markets. What