Investment Analyst, Quantitative Investment Strategy
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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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
5,001-10,000 employees
