VP, Equity Product Manager in Newark, New Jersey | DiversityInc Careers
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VP, Equity Product Manager

About the position

PGIM, the global investment management businesses of Prudential Financial, Inc., is one of the world’s leading money managers. With offices in 16 countries and over $1 trillion in assets under management, clients rely on our risk management expertise, intellectual capital and creative solutions to realize their investment objectives. We are passionate about delivering investment returns for our clients and dedicated to our greatest asset – our people. Do you want to be part of a multi-manager model that enables each business to maintain its own investment culture? Learn more about who we are and how we can work together.

At PGIM Investments, we consider it a great privilege and responsibility to help investors participate in opportunities across the global markets while meeting their toughest investment challenges. We offer a diversified suite of actively managed funds across a broad spectrum of asset classes and investment styles, with over $95 billion in assets under management.

Position Summary:
This is a senior position that will work closely with various business units within Prudential such as QMA - the quantitative equity and multi-asset solutions business of PGIM, and various groups at PGIM Investments including Product Management, Competitor Analytics, Marketing, Product Development, Sales, Compliance, Legal and Fund Administration.

Responsibilities will include, but are not limited to:
  • Provide strategic direction for PGIM Investments products sub-advised by QMA.
  • Review existing product line and recommend changes/enhancements where applicable. e.g. Pricing, benchmark, PMs, strategy and investment limits.
  • Proactively identify issues impacting the product line and recommend next steps/solutions.
  • Accurately and effectively position our QMA sub-advised products based on information from Asset Management, external news sources, internally run data, feedback from sales, and other sources.
  • Work closely with sales management and internal partners on product positioning, recommending the development of new materials and ways to enhance existing pieces.
  • Take a leadership role as an advocate for the Quantitative equity product line.
  • Know QMA’s strategies, how to navigate the firm, how to attain information, and develop processes for effective communication.
  • Responsible for reviewing others work to ensure accuracy and message consistency.
  • Monitor capital markets, trade publications, flows, performance, portfolio characteristics and competitive landscape.
  • Present product updates and positioning at sales meetings.
  • Work with internal groups on the structure and positioning of new products.
  • Train new hires on the basics of the product line and current employees on new products, product changes, etc…
  • Drive relationships with Distribution (Sales, National Accounts, DCIO, etc…) along with internal partners (Product Development, Marketing, Legal, MRU, Fund Admin, etc.)
  • Respond to sales inquiries in a timely manner (answer questions, provide data, etc…)
  • Present strategy information and product updates on calls with Financial Professionals.
  • Limited travel to present with sales coordinators and to industry conferences.
  • Legally required work – Review Shareholder reports and prospectuses, 15(c) peer review, cap gains, etc…
  • Proactively and reactively generate analytical data that can support product positioning
  • Create & Update Fund Presentations and Fund positioning documents.
  • Respond to special requests from Senior Management.
  • Assist with competitive analysis and positioning points.
  • An undergraduate degree or equivalent applicable work experience.
  • 10+ years of mutual fund and/or ETF industry experience.
  • Series 63 & 7 licenses preferred; must be capable of obtaining licensing within 120 days if not currently held.
  • CFA or CIMA designation preferred.
  • Strong Equity markets knowledge with ability to articulate complex concepts to audiences with varying degrees of investment acumen.
  • Understanding of financial markets, investment concepts, styles and issues.
  • Ability to effectively communicate with and work with the PGIM Investments Sales and Marketing teams.
  • Solid written and oral presentation skills.
  • Team player with excellent interpersonal skills; must be able to establish and maintain effective, cooperative working relationships with all departments and organizational levels.
  • Creative thinker with an ability to identify process improvement opportunities, as well as sales ideas.
  • Strong attention to detail, with analytical capabilities.
  • Ability to create efficient processes.
  • Must have the ability to handle multiple projects simultaneously, and complete projects on a timely basis.
  • Ability to influence people who don’t have a direct reporting relationship.
  • Strong PC skills (including general software and industry databases such as Excel, PowerPoint, Word, Lipper, FactSet, Barclays Live, Morningstar Direct, LANA, Bloomberg, preferred).

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.