Senior Investment Associate, RMBS Credit Research

PGIM

Research position in PGIM's Securitized Products group analyzing and contributing to RMBS strategies. Collaborating with portfolio management teams and external market participants for investment decision-making.

Posted 6/10/2026full-timeNewark • New Jersey • 🇺🇸 United StatesSenior💰 $140,000 - $155,000 per yearWebsite

Tech Stack

Tools & technologies

PythonTableau

About the role

Key responsibilities & impact

A research position within the Securitized Products group of PGIM Fixed Income focused on RMBS strategies
Analyze RMBS transactions across new issue and secondary markets, including collateral characteristics, loan underwriting trends, servicer performance, credit enhancement, and structural features
Develop and maintain internal credit views and relative value assessments for RMBS sectors such as non-QM, CRT, jumbo, HELOC, other residential mortgage-related products
Build scenario analyses to assess bond performance under varying collateral and home price assumptions
Monitor portfolio holdings and market developments, identifying changes in collateral behavior, housing market fundamentals, consumer performance, and regulatory developments that may affect risk and return
Partner with portfolio managers and other research teams to formulate investment recommendations across RMBS and mortgage whole loans
Review transaction documents, third-party reports, and legal structures to evaluate protections, triggers, representations and warranties, and other deal-specific considerations
Engage with issuers, dealers, servicers and other market participants to deepen market insight and support due diligence
Contribute to internal presentations and client-facing materials on RMBS market themes and portfolio positioning.

Requirements

What you’ll need

BA/BS degree required
4-7 years of relevant experience in fixed income, securitized products, mortgage finance, or securitized products research, with meaningful exposure to RMBS or related residential mortgage products
Strong analytical and quantitative skills
Programming and data visualization skills (e.g., Python, Power BI, Tableau) are preferred
Experience with Intex and structured finance modeling are preferred
Exposure to residential mortgage collateral, securitization structures, cash flow analysis, and key drivers of RMBS performance are preferred
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
Ability to work independently and collaboratively across teams
Intellectual curiosity and strong interest in RMBS and housing markets.

Benefits

Comp & perks

Medical, dental, vision, life insurance, disability insurance
Paid Time Off (PTO)
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), after one year of service

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Hard Skills & Tools

analytical skillsquantitative skillsprogrammingdata visualizationExcelIntexstructured finance modelingcash flow analysiscollateral analysisrisk assessment

Soft Skills

attention to detailcommunication skillspresentation skillsability to manage multiple assignmentsindependent workcollaborative workintellectual curiosity