Job Classification:

Investment Management - Portfolio Research

Workday Website Job Posting

Senior Associate (PGIM, Inc., Newark, NJ):

Conduct interest rate term structure modelling. Develop portfolio construction and optimization methods and tools. Leverage Multi-factor risk models to improve risk control and portfolio performance. Conduct systematic research and back testing, and front-end web application development. Deliver relative value analytics that are additive to the investment process. Implement and enhance the firm’s new library of proprietary security and portfolio level construction and optimization. Contribute to the team’s new and existing real-time analytic and modeling platform with a focus on front-end web application development. Partner with groups across the organization to identify new initiatives or enhancements related to modeling analytics. Assist in ensuring platform quality and encouraging broad adoption across the enterprise.
 
Telecommuting permitted up to 20% per week

Full time employment, Monday – Friday, 40 hours per week. $155,000 per year.

MINIMUM REQUIREMENTS:

Master’s degree in Financial Engineering, Mathematics, Physics, Computer Science or a related field, and 3 years of experience in the asset management industry.

Alternatively, the employer will accept a Bachelor’s degree in Financial Engineering, Mathematics, Physics, Computer Science or a related field, and 5 years of experience in the asset management industry.

Of the required experience, must have 2 years of experience in all of the following:

• Python;
• Data gathering, cleaning and preparation;
• Statistical analysis to find patterns and trends in data; and
• Writing algorithms to test investment ideas.

Of the required experience, must have 1 year of experience in all of the following:

• Interest rate market, including stochastic models and term structure modelling, futures and options pricing and modelling, and/or other similar topics;
• FX market, including purchasing power parity calculation, currency long and short term fair value models, FX carry, value and momentum calculations, and/or other similar topics;
• Credit market, including credit sector relative risk and value comparisons, understanding loss modelling and distribution of credit risks, and/or other similar topics.;
• Database operations, select, save and modify data, including MS SQL Server, understanding different type of indexes and their use cases, how data should be stored and tradeoffs between different data table structures; and
• Front-end application development, including binding Python scripts with JavaScript and HTML.

Telecommuting permitted up to 20% per week.

TO APPLY: Please click “Apply” Button. Should you have any difficulty in applying for this position through our website, please contact Ramona.wallace@prudential.com for assistance in the application process.

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