PGIM
PGIM Multi-Asset Solutions - Vice President, Asset Analytics (Newark, NJ / Hybri
PGIM, Newark, New Jersey, us, 07175
Job Classification:
Corporate - Human Resources
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
Reporting to the Head of Portfolio Analytics, the VP will have primary responsibility for developing economic assumptions, scenario generation, and asset modeling that feed ALM analysis and portfolio construction for PGIM Multi Asset Solutions (PMA) clients. This will include building models to project the future performance of specific asset classes under different economic scenarios-especially, bespoke private and structured assets with less data visibility. It may also include contributing to the development of nimble, asset-focused optimization tools and of our full ALM-based optimization framework.
The position will involve individual contribution at the technical level, leading junior colleagues, and potentially direct management responsibility as PMA's business grows. It will require developing new models and gaining mastery of existing models within PMA's analytics platform for multi-asset portfolio optimization, real-world economic simulation, and risk/capital analytics
This role is based in our office in Newark, NJ. Our organization follows a hybrid work structure ( 3 days in office) 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
Develop deal-specific economic assumptions for portfolios of ABF, RML, CML, MML and Mezzanine loans Build valuation models, or configure 3rd party functionality, for bespoke assets and derivative hedges Build dynamical models for spreads and losses associated with public and private assets Calibrate vols and correlations within these dynamical models to historical data Devise mapping methodologies to leverage public market data for bespoke asset modeling Develop portfolio optimization models incorporating the impact of regulatory capital charges Investigate what drives key model outputs like the shape of efficient frontiers and composition of optimal portfolios Work with asset specialists to analyze historical loss data for private and structured assets Explain model outputs to other quants, portfolio managers, client specialists, and business leaders Build attribution models for breaking down portfolio or liability value changes in terms of various risk factors Lead junior colleagues on time-critical projects for PMA clients What You Will Bring
Master's in quantitative finance or comparable academic experience in math, physics, etc. 5-10+ years' experience in a quant role within banking, asset management, or insurance Experience with structured products, ABF, and other bespoke private assets Solid programming background, with a Python emphasis (pandas, numpy, scipy, etc.) Reliable knowledge of core quant finance topics: probability theory, canonical stochastic models, convex and general non-linear optimization, fixed income modeling and securitization, options theory, etc. Practitioner's understanding of why these models were originally defined, how they are actually applied, what their limitations are, and how they could be enhanced or generalized according to business needs What will set you apart?
Technical mastery, experience with bespoke assets, leadership and communication skills, and experience managing quants Familiarity with different insurance regulatory regimes, especially Bermuda *PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
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 $170,000 to $200,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skill
About PGIM Multi-Asset Solutions Group (PMA)
PGIM Multi-Asset Solutions (PMA) is a business within PGIM responsible for providing institutional clients asset-liability management and multi-asset class solutions, with liability driven and insurance expertise. On behalf of its clients, PMA will oversee portfolio construction and management and will partner with PGIM affiliates including PGIM Fixed Income, PGIM Private Capital, PGIM Real Estate and PGIM Quantitative Solutions to deliver best in class origination, trading, research, and risk management capabilities across a full range of asset classes.
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 Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
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.
If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
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
Reporting to the Head of Portfolio Analytics, the VP will have primary responsibility for developing economic assumptions, scenario generation, and asset modeling that feed ALM analysis and portfolio construction for PGIM Multi Asset Solutions (PMA) clients. This will include building models to project the future performance of specific asset classes under different economic scenarios-especially, bespoke private and structured assets with less data visibility. It may also include contributing to the development of nimble, asset-focused optimization tools and of our full ALM-based optimization framework.
The position will involve individual contribution at the technical level, leading junior colleagues, and potentially direct management responsibility as PMA's business grows. It will require developing new models and gaining mastery of existing models within PMA's analytics platform for multi-asset portfolio optimization, real-world economic simulation, and risk/capital analytics
This role is based in our office in Newark, NJ. Our organization follows a hybrid work structure ( 3 days in office) 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
Develop deal-specific economic assumptions for portfolios of ABF, RML, CML, MML and Mezzanine loans Build valuation models, or configure 3rd party functionality, for bespoke assets and derivative hedges Build dynamical models for spreads and losses associated with public and private assets Calibrate vols and correlations within these dynamical models to historical data Devise mapping methodologies to leverage public market data for bespoke asset modeling Develop portfolio optimization models incorporating the impact of regulatory capital charges Investigate what drives key model outputs like the shape of efficient frontiers and composition of optimal portfolios Work with asset specialists to analyze historical loss data for private and structured assets Explain model outputs to other quants, portfolio managers, client specialists, and business leaders Build attribution models for breaking down portfolio or liability value changes in terms of various risk factors Lead junior colleagues on time-critical projects for PMA clients What You Will Bring
Master's in quantitative finance or comparable academic experience in math, physics, etc. 5-10+ years' experience in a quant role within banking, asset management, or insurance Experience with structured products, ABF, and other bespoke private assets Solid programming background, with a Python emphasis (pandas, numpy, scipy, etc.) Reliable knowledge of core quant finance topics: probability theory, canonical stochastic models, convex and general non-linear optimization, fixed income modeling and securitization, options theory, etc. Practitioner's understanding of why these models were originally defined, how they are actually applied, what their limitations are, and how they could be enhanced or generalized according to business needs What will set you apart?
Technical mastery, experience with bespoke assets, leadership and communication skills, and experience managing quants Familiarity with different insurance regulatory regimes, especially Bermuda *PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
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 $170,000 to $200,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skill
About PGIM Multi-Asset Solutions Group (PMA)
PGIM Multi-Asset Solutions (PMA) is a business within PGIM responsible for providing institutional clients asset-liability management and multi-asset class solutions, with liability driven and insurance expertise. On behalf of its clients, PMA will oversee portfolio construction and management and will partner with PGIM affiliates including PGIM Fixed Income, PGIM Private Capital, PGIM Real Estate and PGIM Quantitative Solutions to deliver best in class origination, trading, research, and risk management capabilities across a full range of asset classes.
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 Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
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.
If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.