PGIM Fixed Income: Principal, Quantitative Research (Hybrid/Newark, NJ)

Job Classification:

Investment Management - Portfolio Research

A 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

The Quantitative Modeling and Strategies (QMS) Group in PGIM Fixed Income is looking to add a Principal level team member to work on research and development of portfolio construction and risk management models and tools. The group is an integral part of the investment organization, contributing to areas such as: portfolio construction, systematic strategies, fixed income relative value and stochastic modeling. We work closely with portfolio managers and traders as well as with colleagues in risk management, structured finance research, and application development. 

What you can expect

• Design analytical solutions to business needs in a fixed income asset management environment. 

• Learn and understand Yield Book’s fixed income pricing model, curve fitting model, and structuring solutions model.  

• Thought leadership in the portfolio construction and risk management space. 

• Engage portfolio/risk managers to understand business requirements. 

• Lead and mentor one or more junior quantitative analysts. 

What you will bring

• 10+ years of experience in fixed income quantitative research (buy-side preferred). 

• Strong experience in portfolio construction models and/or systematic strategies as well as risk management modeling in a fixed income asset management setting. 

• Strong Python skills and stochastic modeling experience. 

• An advanced degree (PhD preferred) in a quantitative field (science, ma