- $95,000 - $115,000
- Newark, NJ, USA
$95,000 - $115,000
Newark, NJ, USA
Investment Management - Investments
Job Classification
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the world's leading financial services institutions!
- Are you analytical and a strong problem solver?
The Chief Investment Office (CIO) is responsible for portfolio construction and asset/liability management on behalf of Prudential's insurance businesses. We are seeking an analyst for our Global Investment Strategy team,
As a key member of Quantitative Modeling team, this individual will be responsible for development and deployment of best-in-class risk analytics including stochastic asset-liability models, portfolio optimization tools and other capabilities to be utilized for strategic/tactical asset allocation, and special projects originated by Business Units and Portfolio Management team.
The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.
What you can expect
- Design, build, and enhance comprehensive asset-liability models for use in analysis of investment and hedging strategies
- Design, build, and enhance optimization models
- Use models such as, economic scenario generators, liability cash-flow models, and replicating portfolios to develop asset allocation and hedging strategies
- Develop key insight into liability characteristics across the major product lines
- Lead special projects that require quantitative expertise
- Collaborate closely with Investment Risk, Asset Management, Actuarial, Treasurer's and Finance
What you'll need
- Bachelors or higher degree in financial engineering, mathematics, computer science, statistics or other quantitative fields.
- Must have experience with object-oriented programming languages such as C#, Java, or C++ and knowledge of basic software-engineering concepts
- Experience with financial engineering and pricing fixed-income assets
- Experience with optimizers and optimization techniques
- Creative problem solver with an aptitude for complex technical work
- Knowledge of and experience with scripting programming languages such as Python or MatLab is a plus
It'd be a plus if you had
- Masters degree in quantitative finance degree
- Knowledge of and experience in designing asset-liability models
Prudential welcomes all applicants, even if you dont meet every requirement. If your skills align with the role, we encourage you to apply.
At Prudential, you can
Take charge of your career. People who have successfully developed their skills in this role have gone on to be promoted within CIO ALM Strategy & Analytics team or have moved into a role within the broader CIO.
We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 11 Career advice, on demand resources and networking to propel your career forward.
We're a global organization, full of outstandingly dedicated people who aren't afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
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
- Retirement plans
- 401(k) plan with company match (up to 4%)
- Company-funded pension plan
- to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
- Wellness Programs
- to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
- Work/Life Resources
- to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
- Tuition Assistance
- Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.
- Employee Stock Purchase Plan
To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
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 $95,000 to $115,000. 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 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
About Prudential
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 www.prudential.com to learn more about our values, our history and our brand.
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
If you need an accommodation to complete the application process, which may include an assessment, please email
accommodations.hw@prudential.com.
Technical Support
If you are experiencing a technical issue with your application or an assessment, please email
careers.technicalsupport@prudential.com
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.