PGIM Multi-Asset Solutions – Associate, Portfolio Analytics (Newark, NJ / Hybrid)

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 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.

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