Job Classification:
Investment Management - Investments
The individual will be part of the Global Investment Strategy team within Prudentials CIO Organization. Prudentials Chief Investment Office is responsible for:
Construction of portfolios to support Prudentials insurance liabilities
Multiple hedge programs for Prudentials Annuities, Life and Retirement businesses
All derivative and foreign exchange activity for asset liability management purposes
Prudentials alternative asset investing activities
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.
Responsibilities:
Design, build, and enhance comprehensive asset-liability models for use in analysis of investment and hedging strategies
Design, build, and enhance optimization models
Utilize the aforementioned models, 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, Treasurers and finance
Qualifications:
Bachelor's or higher degree in Financial Engineering, Mathematics, Computer Science, Statistics or other quantitative fields. Quantitative Finance Degree preferable
Experience with financial engineering and pricing fixed-income assets
Experience with object-oriented programming languages such as C#, Java, or C++ and knowledge of basic software-engineering concepts
Experience with optimizers and optimization techniques
Creative problem solver with an aptitude for complex technical work
Knowledge of and experience in designing asset-liability models is a plus
Knowledge of and experience with scripting programming languages such as Python or MatLab is a plus
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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 company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's 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 for more information about doing business with Prudential.
PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email 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.
