PGIM Fixed Income: Principal, Quantitative Research (Hybrid/Newark, NJ)

PGIM•Newark, NJ

49d•$200,000 - $225,000•Hybrid

About The Position

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! The Quantitative Modeling and Strategies (QMS) Group in PGIM Fixed Income is looking to add a Principal level team member to work on research and development of portfolio construction and risk management models and tools. The group is an integral part of the investment organization, contributing to areas such as: portfolio construction, systematic strategies, fixed income relative value and stochastic modeling. We work closely with portfolio managers and traders as well as with colleagues in risk management, structured finance research, and application development. PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

Requirements

10+ years of experience in fixed income quantitative research (buy-side preferred).
Strong experience in portfolio construction models and/or systematic strategies as well as risk management modeling in a fixed income asset management setting.
Strong Python skills and stochastic modeling experience.
An advanced degree (PhD preferred) in a quantitative field (science, math, finance or engineering).
A background demonstrating strong analytical problem-solving skills
An ability to communicate advanced concepts in a concise and logical way
Demonstrated ability to carry out independent research projects as well as to make contributions in a team setting.

Responsibilities

Design analytical solutions to business needs in a fixed income asset management environment.
Learn and understand Yield Book's fixed income pricing model, curve fitting model, and structuring solutions model.
Thought leadership in the portfolio construction and risk management space.
Engage portfolio/risk managers to understand business requirements.
Lead and mentor one or more junior quantitative analysts.

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.

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