PGIM-Senior Associate (Hybrid, Newark, NJ)

Job Classification:

Investment Management - Investments

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 can expect

The PPA team is looking for a sharp and analytical individual to join the team as a Portfolio Management Associate.  You will be reporting to the Assistant Portfolio Manager and will be part of small team with broad responsibilities for the investment management of PPA client portfolios.

• Support daily risk measurement of portfolio and benchmark risk positions
• Perform portfolio analytics including stress testing, return attribution, and rebalancing scenarios to optimize portfolio asset allocation and hedge positions
• Create market reports to track relative value across asset classes
• Generate client reports to highlight returns and risk exposure
• Track client cashflow forecasts to determine portfolio liquidation needs or cash available for investment
• Track compliance limits and monitor portfolios relative to established constraints; provide periodic client and internal reporting
• Construct asset class, sector, interest rate / ALM and liquidity limits
• Enter trade tickets for review by PMs to rebalance portfolios
• Participate in new deal pricing analysis to assess hedge needs and risk/return tradeoffs
• Research and develop risk views across asset classes and sectors
• Analyze historical experience of credit sectors and developing long term default and recovery assumptions
• Work with PPA PM team and PGIM businesses in assessing new investment opportunities
• Support PM team in review and selection of external asset managers; performing ongoing due diligence

What you will bring

• Bachelor's Degree or equivalent required
• 1-4 years of direct experience in investment risk management and Asset Liability Management (ALM)
• Understanding of fixed income and alternative asset classes and risks
• Experience with derivatives and how to hedge complex portfolio and ALM risk
• Understanding of risk-return characteristics of asset classes including bonds, structured credit, equities, alternatives, and derivatives as well as liabilities including life insurance and annuities
• Knowledge of portfolio risk systems (e.g., Aladdin) and models
• Expertise in assessing risk exposures for portfolios supporting various insurance liabilities
• Quantitative background in financial modelling, data analytics, statistical methods, and programming
• Fluent in statistical techniques and data analytics
• Degree in financial engineering, mathematics, computer science or other quantitative fields
• Creative problem solver with focus on innovation
• Must be able to effectively partner with teams across PPA and PGIM asset managers
• Strong communicator with ability to develop reports and present them to clients and senior management
• Open-minded, innovative, strategic thinker

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What we offer you

• Medical, dental, vision, life insurance and PTO (Paid Time Off)
• Retirement plans:
• 401(k) plan with generous company match (up to 4%)
• Company-funded pension plan
• Wellness Programs to help you achieve your wellbeing goals, 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 health, and career development.
• Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.

To find out more about our Total Reward package, visit