- SALARY:NONE
- Newark, NJ, USA
Newark, NJ, USA
Investment Management - Investments
Job Classification
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
PGIM Fixed Income Investment Risk Management team is responsible for overseeing risk positioning for over $500 billion in third-party client assets in more than 600 individual portfolios. Investment Risk is a close-knit group of technical and motivated individuals operating in a cooperative environment. The group works closely with the rest of the investment organization in a variety of roles including the development and maintenance of risk budgets, consultation with the trading desks concerning portfolio positioning and development of Fixed Income's proprietary risk system.
This is a hybrid role and will require to work in the Newark, NJ office three days a week and two days remote.
What you can expect
- Attend and participate in internal portfolio management and strategy review meetings to represent risk management and keep up with market developments, sector views and trading strategies
- Begin to independently risk manage mandates and other aspects of the risk framework, reporting to more senior members of the team
- Be prepared to lead the team through a summary review of notable risk positions and proposed resolutions at weekly risk meetings
- Assist with the review of risk related aspects of client guidelines to identify constraints that will influence portfolio construction and/or internal alpha targets and risk budgets. Coordinate with client advisors to negotiate acceptable resolutions.
- Support the team with managing client/portfolio onboarding and account maintenance including coordination with Client Advisors, Client Onboarding, Compliance, Portfolio Analysts and Portfolio Managers, as necessary
- Assist with the creation of documentation and presentation materials for use internally and with clients to describe various aspects of our proprietary internal analytics
- Participate in internal training and information to broaden the organizations understanding of our risk analytics
- Provide support to all aspects of the risk management function, including oversight of daily portfolio risk positioning, interaction with portfolio managers to address risk issues, review and sign-off on the risk related aspects of client guidelines, risk budgeting, addressing client inquiries, responding to ad-hoc requests for risk analysis or information from internal and client sources, etc.
- Develop relationships with colleagues throughout the organization to ensure that Risk Management, the Portfolio Analysis Group and Portfolio Management teams have the risk tools and information required to effectively manage portfolios
- Coordinate with Quantitative Modeling and Strategies and the systems group on designing, testing, implementing and documenting changes to our proprietary internal risk analytics and systems. Meet with affected trading desks to review proposed changes and highlight impacts on portfolio risk
- Coordinate with associates in investment risk and the Quantitative Research Group to prepare responses to due diligence questionnaires, requests for proposals and ad-hoc inquiries from clients and prospects related to our Investment Risk Management Framework
What you will bring
- 3+ years in a buyside fixed income role working directly with portfolios
- Demonstrated competence with statistical, quantitative and technical aspects of fixed income marketsExtensive experience with MS Excel, Tableau, Python, SQL and other technical data analysis / modeling tools and ability with to work with large datasets
- Bachelor's degree, preferably with concentration(s) in Finance, Economics, Mathematics, Business, Data Analytics or Engineering
- Strong interpersonal skills and experience interacting with senior management and seasoned investment professionals
- Exceptional organizational and task/project management skills. Ability to manage multiple, and at times competing, priorities to specific deliverable timelines within both a team construct and individually
- Demonstrated skills as a team player and capable of working independently
- Clear, professional communications (listening, oral and written communications)
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
- Work/Life Resources
- Tuition Assistance
To find out more about our Total Reward package, visit
Work Life Balance | Prudential Careers
Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The
base
salary range for this role is from $120,000 to $150,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
This role is also
eligible for additional compensation and/or benefits
including a competitive, discretionary annual cash bonus opportunity along with long term incentive awards
.
Eligibility to
participate
in the discretionary annual incentive
programs are
subject to the rules governing the program, whereby an award, if any, depends on
various factors
including, without limitation, individual and organizational performance
About PGIM Fixed Income
PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $794bn assets under management, the company has offices in Newark, London, Paris, Letterkenny, Amsterdam, Munich, Zurich, Tokyo, Hong Kong, Singapore and Tokyo. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.
About PGIM Global Asset Management
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE PRU), a leading global investment manager with
nearly US
$1.2
7
trillion
in
assets under management as
of
June 30
th
,
202
3
With offices in 18 countries, PGIM's businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives.
With a history dating back
14
8
years, and experience through more than 30 market cycles, PGIM takes a long-term view, not only in our investment philosophy, but also in how we develop our talent. We want to see our employees excel from their first day with the firm and throughout their tenure with PGIM. We will inspire you, support you, and help you reach your greatest personal and professional aspirations. If PGIM sounds like the place for you, join us. For more information about PGIM, visit PGIM.com.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Our Commitment to Diversity, Equity, and Inclusion
Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We
don't
just accept difference-we celebrate it, support it, and thrive on it. At Prudential, employees
have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The companys well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudentials businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.
The Prudential Insurance Company of America, Newark, NJ and its affiliates.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at
staffingagencies@prudential.com
.
PEOPLE WITH DISABILITIES
accommodations.hw@prudential.com
Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email
careers.technicalsupport@prudential.com
to request assistance.