Managing Director Chief Investment Risk Officer and Head of Quantitative Research

Job Classification:

Investment Management - Investments

PGIM Public and Private Fixed Income

Chief Investment Risk Officer and Head of Quantitative Research (Hybrid/Newark, NJ)

What you will do

PGIM Public and Private Fixed Income seeks an executive for the role of Chief Investment Risk Officer (CIRO) and Head of Quantitative Research in Newark, NJ. This role involves managing investment risk, overseeing the quant research group, and co-managing the portfolio analysis group.

Reporting to the Head of PGIM Public and Private Fixed Income, the executive will identify and manage market and credit risks, oversee proprietary modeling development, and supervise quantitative research staff. Responsibilities include enhancing risk management analytics and working with the Technology Solutions Group on portfolio tools.

The role involves managing a team of 70+ people, requiring strong leadership, mentoring skills, and relationship-building. The executive will engage with clients, sharing insights into PGIM’s risk function and capabilities.

What you can expect

• Manage a risk function that is capable of identifying, assessing and anticipating market and credit risk factors, as well as successfully managing the impact and effects of the evolving regulatory framework within the asset management industry.
• Meet with existing and potential institutional investors on a regular basis to describe PGIM Public and Private Fixed Income’s differentiated risk capabilities and approach.
• Oversee the ongoing development of the firm’s proprietary modeling capability, supervising all quantitative fixed income research staff.
• Oversee the development of overall risk management analytics, performance attribution capabilities and engage in the development of yield curve, credit, structured product and mortgage modeling. Work closely with the Technology Solutions Group to help implement and deliver portfolio risk and analytic tools to the desk.
• Jointly oversee a portfolio analysis group (PAG), which supports the investment process by evaluating portfolio positioning, providing portfolio construction and alignment insight, and analyzing performance drivers across a multitude of investment products and processes to deliver performance attribution.

What you will bring

• Detailed public and private fixed income market knowledge and understanding of independent information channels that will aid the investment division in their efforts to structure portfolios, identify investment opportunities, and strategically allocate assets to generate strong risk adjusted returns.
• Experience as the senior investment risk officer at a fixed income asset management firm, hedge fund, or the fixed income division of a bank.
• Managed risk and/or quantitative research at a firm with multiple locations around the world and an international suite of products.
• Ability to actively work with the desk heads/portfolio managers and create excellent working relations with these parties while maintaining intellectual independence.
• Experience partnering with regulatory affairs and a deep understanding of the impact regulatory changes may have on the business.
• Strong management experience, leading teams of senior and more junior professionals with a track record for developing and mentoring others.

• An entrepreneurial spirit with a hands-on management style able to build upon the existing quantitative research and risk management structure and capabilities.
• Ability to think both strategically and tactically, while proactively managing a diverse group of employees.
• Comfortable communicating with clients as a thought leader in the global public and private fixed income investment field.

* 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 will set you apart?

• Strong academic credentials with a graduate degree.
• Quant modeling background.
• Portfolio management experience and tech resource leadership.
• Entrepreneurial spirit to bring vision to fruition, leveraging internal teams and identifying resources for implementing an investment risk platform and quant research function.

Salary Disclosure

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 $300,000 to $375,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to par