Senior Securitized Products Credit Research Director

Job Description

Overview

A research position within the Securitized Products group of PGIM Fixed Income focused on CLO credit strategies.

The successful candidate will work closely with portfolio management teams to analyze CLO investments, monitor portfolio positions, and contribute to investment decision-making.

Responsibilities include analyzing CLO collateral and structures, conducting surveillance on existing investments, assigning and maintaining internal credit ratings, and evaluating relative value opportunities.

The role also involves assessing CLO collateral managers, integrating macroeconomic and sector trends, and contributing to investment strategy and portfolio positioning.

The candidate will collaborate with internal teams and external market participants including investment banks, rating agencies, and trustees, to support due diligence, transaction execution, and ongoing market insight.

Responsibilities

Contribute to capital deployment strategies by identifying investment opportunities across CLO transactions.
Present and support investment research and relative value analysis to portfolio management teams, influencing portfolio positioning.
Analyze CLO collateral, structural features, and documentation.
Track portfolio positions to evaluate credit risk, rating stability, cash flow performance, and relative value opportunities.
Conduct sensitivity and scenario analysis on CLO investments and automate analytical processes where appropriate.
Assess collateral behavior by integrating bottom-up analysis with macroeconomic and market trends.
Develop, enhance, and maintain analytical tools, models, and data pipelines to support research and portfolio monitoring.
Organize and process data from multiple sources to facilitate surveillance of collateral managers and tranche performance.
Perform ongoing surveillance of CLO portfolios, including monitoring collateral quality, manager behavior, and structural triggers.
Support due diligence on CLO collateral managers, including evaluation of business models, underwriting processes, and performance.
Assist in negotiation and review of structural terms and transaction documentation for new issue CLO investments.

Qualifications

BA/BS degree, preferably in a quantitative field.
8+ years experience in fixed income, banking, and/or capital markets.
5+ years credit research experience particularly with exposure to CLOs or leveraged loans.
Strong analytical and quantitative skills.
Experience with Intex and structured finance modeling.
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.
Ability to work independently and collaboratively across teams.

Preferred Qualifications

Programming and data visualization skills (e.g., Python, Power BI, Tableau).
Experience developing analytical tools, automating workflows, or working with large datasets.
Knowledge of CLO structures and underlying leveraged loan collateral; familiarity with loan markets.
Intellectual curiosity and strong interest in CLOs and leveraged loan markets.

Unlock the Full Role

See the structured details that can help you decide how to apply and prepare.

About Company

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!