Investment Analyst, Quantitative Investment Strategy

Prudential•Newark, NJ

52d•$95,000 - $115,000•Hybrid

About The Position

The Chief Investment Office (CIO) is responsible for portfolio construction and asset/liability management on behalf of Prudential's insurance businesses. The Quantitative Analysis team within CIO plays a critical role in supporting Asset-Liability Management (ALM) and Capital Markets Hedging activities. As a member of this team, you will work in a fast-paced environment, directly supporting Traders and Portfolio Managers with quantitative analysis and model implementation. This position follows a hybrid work arrangement, requiring three days per week in the office.

Requirements

Demonstrated ability to independently lead quantitative strategy and analysis initiatives.
Strong understanding of derivative pricing theory and practice.
Proficiency in Python development within collaborative environments; experience with PyTorch or parallel computation frameworks is a plus.
Bachelor's degree in financial engineering, mathematics, computer science, statistics, or other quantitative fields; advanced degrees or professional certifications are a plus.

Nice To Haves

Familiarity with Matlab, C++, or C# is a plus but not required.
Professional or academic experience in rates or equity derivatives modeling preferred.
Knowledge of variable and fixed indexed annuities desirable; familiarity with asset classes such as fixed income, equities, credit, and foreign exchange is a plus.

Responsibilities

Collaborate with senior team members to implement pricing, risk, P&L, and attribution methodologies.
Develop and implement interest rate, equity, credit, foreign exchange, and inflation models for valuation of domestic and international products and ALM solutions.
Support research and analysis related to hedging strategy implementation.
Partner with CIO's technology team to build market data and trade databases, automate data feeds, and streamline processes.

Benefits

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.

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