About this Associate, ETF Capital Markets | PGIM Product Development (Hybrid/ Newark, NJ) role at PGIM
Job Classification:
Product Management - Product ManagementAs 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
This candidate will report to the Head of ETF Capital Markets for PGIM and serve as a key member of the team supporting the fast-growing ETF product suite within PGIM. The team works closely with investment teams across the firm as well as sales, operations an other key functional areas vital to the ETF ecosystem within PGIM. The team is a vital connection between the market making and authorized participant community and the full resources across PGIM.
What you can expect
Support daily ETF Capital Markets activities including creation/redemption orders, Investment team coordination, and secondary market trading.
Assist in managing relationships and communications with APs, market makers, and exchanges.
Monitor secondary market activity and identify dislocations, spreads, or enhancements to trading efficiency.
Track and report ETF primary and secondary market metrics including volume, liquidity, spreads, and flows.
Provide coverage during core trading hours to ensure responsiveness to trade inquiries and operational continuity.
Partner with internal stakeholders across Operations, Product, Compliance, and Sales to resolve trade and settlement issues.
Conduct market oversight and summarize competitor activity, pricing, and liquidity.
Contribute to the ongoing development and enhancement of the ETF business.
Proactively identify and drive process improvements to boost market quality and operational efficiency.
Perform daily reviews of ETF website data/holdings to ensure compliance with regulatory requirements, including Rule 6C-11.
What you will bring
Bachelor’s degree in finance, economics, or a related field.
Series 7 license required
2+ years of experience within ETF capital markets, trading, or operations; ideally at an ETF market maker, Authorized Participant, or ETF issuer.
Strong understanding of ETF mechanics, particularly primary/secondary market structure and the creation/redemption process.
Familiarity with trading systems, order workflows, and market data platforms (Bloomberg preferred).
Strong organizational skills, attention to detail, and ability to thrive in a fast-paced trading environment.
Effective written and verbal communication skills
Strong analytical skills; experience working with large datasets, market research tools, macros, and trading platforms (Bloomberg preferred).
*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $100,000 to $135,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
What we offer you:
- Market competitive base salaries, with a yearly bonus potential at every level.
- Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
- 401(k) plan with company match (up to 4%).
- Company-funded pension plan.
- Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
- Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
- Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
- Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).
Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
If you need an accommodation to complete the application process, please email [email protected].
If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.
