- $105,000 - $135,000
- Newark, NJ, USA
$105,000 - $135,000
Newark, NJ, USA
Corporate - Human Resources
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
The PPA team is looking for a sharp and analytical individual to join the team as a Portfolio Management Sr. Analyst. You will be reporting to the Assistant Portfolio Manager and will be part of small team with broad responsibilities for the investment management of PPA client portfolios.
This position is based in Newark, NJ and will follow a hybrid schedule (3 days in office). 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
- Support daily risk measurement of portfolio and benchmark risk positions
- Perform portfolio analytics including stress testing, return attribution, and rebalancing scenarios to optimize portfolio asset allocation and hedge positions
- Create market reports to track relative value across asset classes
- Generate client reports to highlight returns and risk exposure
- Track client cashflow forecasts to determine portfolio liquidation needs or cash available for investment
- Track compliance limits and monitor portfolios relative to established constraints provide periodic client and internal reporting
- Construct asset class, sector, interest rate / ALM and liquidity limits
- Enter trade tickets for review by PMs to rebalance portfolios
- Participate in new deal pricing analysis to assess hedge needs and risk/ruturn tradeoffs
- Research and develop risk views across asset classes and sectors
- Analyze historical experience of credit sectors and developing long term default and recovery assumptions
- Work with PPA PM team and PGIM businesses in assessing new investment opportunities
- Support PM team in review and selection of external asset managers performing ongoing due diligence
What you will bring
- Bachelor's Degree or Equivalent in financial engineering, mathematics, computer science or other quantitative fields
- 1-4 years of direct experience in investment risk management and Asset Liability Management (ALM)
- Understanding of fixed income and alternative asset classes and risks
- Experience with derivatives and how to hedge complex portfolio and ALM risk
- Understanding of risk-return characteristics of asset classes including bonds, structured credit, equities, alternatives, and derivatives as well as liabilities including life insurance and annuities
- Knowledge of portfolio risk systems (e.g., Aladdin) and models
- Expertise in assessing risk exposures for portfolios supporting various insurance liabilities
- Quantitative background in financial modelling, data analytics, statistical methods, and programming
- Fluent in statistical techniques and data analytics
- Creative problem solver with focus on innovation
- Must be able to effectively partner with teams across PPA and PGIM asset managers
- Successful communicator with ability to develop reports and present them to clients and senior management
- Open-minded, innovative, strategic problem solver
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We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit for this role
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
- 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 health, and career development.
- Work/Life Resources
- to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.
- Tuition Assistance
To find out more about our Total Reward package, visit
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 $105,000 to $135,000. 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.
Note
About PGIM Portfolio Advisory Group
PGIM Portfolio Advisory (PPA) is a newly established investment business within PGIM responsible for providing institutional clients asset-liability management, portfolio strategy, and asset allocation solutions utilizing PGIM's multi-asset class expertise with a focus on public and private credit. On behalf of its clients, PPA will oversee portfolio construction, execution, and management and will partner with PGIM affiliates including PGIM Fixed Income, PGIM Private Capital, and PGIM Real Estate to deliver best in class private origination, credit underwriting, investment research, and risk management capabilities across a full range of asset classes.
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.