PGIM Multi-Asset Solutions – Associate, Portfolio Analytics (Newark, NJ / Hybrid) (Finance)
Job Classification:
Investment Management - InvestmentsA 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 Will Do
Reporting to the Head of Portfolio Analytics, the Associate will assume key responsibilities in building out a state-of-the-art quant platform supporting multi-asset portfolio optimization, real-world economic simulation, and risk/capital analytics. He or she will be getting in early on this emerging business area and have a formative role in developing the models and strategic analysis needed to drive it forward.
This role is based in our office in Newark, NJ. Our organization follows a hybrid work structure where employees can work remotely and/ from the office, as needed, based on demands of specific tasks or personal work preferences. Working from the office is encouraged when working on tasks that require a high degree of collaboration.
What You Can Expect
Build, enhance, and test models for economic scenario generation and portfolio optimization
Explore private and structured asset classes, assessing suitability for client allocations
Formulate economic assumptions for new assets in order to integrate them into our allocation process
Incorporate macro drivers into scenario generation models to capture very long-term (~50y) variability
Explain model results in terms of economic drivers, portfolio characteristics, and modeling assumptions
Design infrastructure to organize market, economic, and portfolio data, feed it into models, and analyze model outputs to inform asset allocation and quantify key risks
Interact with colleagues across PGIM and Prudential to acquire proprietary data and learn about different modeling approaches that will help to grow our platform
What You Will Bring
Ph.D. or M.S. in Economics or Finance (or comparable academic experience in math, physics, etc.) and/or up to 3 years' experience in a quant role within banking, asset management, or insurance
Solid programming background, with a Python emphasis (pandas, numpy, etc.)
Knowledge of core quant finance topics: probability theory, statistics, stochastic models, options theory, yield curve construction, fixed income analytics, CAPM, etc.—both at the technical level but also conceptually, in terms of basic financial intuitions accessible to non-quants.
Experience in coding models for instrument pricing and simulation is desirable—bonds, structured credit, equities, alternatives, and derivatives as well as liabilities like life insurance and annuity contracts
What will set you apart?
Creativity, intellectual curiosity, and the ability to break down quantitative ideas for non-quant audiences
Entrepreneurial appetite and mindset for a growth business venture
*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 $120,000 to $160,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skill
About PGIM Multi-Asset Solutions (PMA)
PGIM Multi-Asset Solutions (PMA) is a business within PGIM responsible for providing institutional clients asset-liability management and multi-asset class solutions, with liability driven and insurance expertise. On behalf of its clients, PMA will oversee portfolio construction and management and will partner with PGIM affiliates including PGIM Fixed Income, PGIM Private Capital, PGIM Real Estate and PGIM Quantitative Solutions to deliver best in class origination, trading, research, and risk management capabilities across a full range of asset classes.
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), after one year of service.
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 accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
