Prudential Annuities Distributors (PAD)
Investment Analyst, Quantitative Investment Strategy
Prudential Annuities Distributors (PAD), Newark, New Jersey, us, 07175
Job Classification:Investment Management - Investments# **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 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.The Chief Investment Office (CIO) is responsible for portfolio construction and asset/liability management on behalf of Prudential’s insurance businesses. Business plans contemplate significant new business and reinsurance activities within Lotus Re and Gib Re. Successful portfolio management and asset sourcing planning requires significant analytical resources within CIO.
The QIS team within CIO is responsible for research and development of Asset, Liability and ALM models that supports both General Account and hedging portfolio. It is also responsible for review and construction of asset allocation strategies, including hedging strategies on various product lines. In addition, the team is also responsible for providing quantitative support on broad strategic initiatives on pricing, hedging and valuation of capital market sensitive insurance guarantees.
The Investment Analyst within the QIS team is responsible for developing analytical tools and delivering quantitative analysis to support Prudential’s asset-liability management and capital markets solutions in a dynamic environment. The Employee Work Arrangement (EWA) for this role is hybrid, with three days per week in the office. H1-B sponsorship is available for this role.
**What you can expect:**
Join the quantitative analysis team in the Chief Investment Office of a prominent U.S. financial services firm (managing $1.7 trillion in assets, offering Investment Management, Insurance, and Retirement services).
In this role, you will develop analytical tools and deliver quantitative analysis to support Prudential’s asset-liability management and capital markets solutions in a dynamic environment.
Serve as a quantitative developer, initially focusing on the implementation of pricing tools for derivatives (equity, rate, credit, and FX), risk analytics, and profit and loss attribution methodologies as directed by senior team members.
Collaborate directly with the Trade Desk to assess, discuss, and craft models/tools that aid daily trading and hedging operations.
Contribute to organization-wide projects, such as financial derivative forecasting and/or simulation scenarios.
**What you'll need:*** Proficient in Python with practical experience.* Possess a strong understanding of derivative pricing theory, with a keen interest in applying theoretical knowledge in real-world scenarios.* Hold an advanced degree in financial engineering, mathematics, computer science, statistics, or related quantitative disciplines. Candidates with a Bachelor's degree and substantial work experience will also be considered.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 *$95,000 to $115,000*. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal #J-18808-Ljbffr
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.The Chief Investment Office (CIO) is responsible for portfolio construction and asset/liability management on behalf of Prudential’s insurance businesses. Business plans contemplate significant new business and reinsurance activities within Lotus Re and Gib Re. Successful portfolio management and asset sourcing planning requires significant analytical resources within CIO.
The QIS team within CIO is responsible for research and development of Asset, Liability and ALM models that supports both General Account and hedging portfolio. It is also responsible for review and construction of asset allocation strategies, including hedging strategies on various product lines. In addition, the team is also responsible for providing quantitative support on broad strategic initiatives on pricing, hedging and valuation of capital market sensitive insurance guarantees.
The Investment Analyst within the QIS team is responsible for developing analytical tools and delivering quantitative analysis to support Prudential’s asset-liability management and capital markets solutions in a dynamic environment. The Employee Work Arrangement (EWA) for this role is hybrid, with three days per week in the office. H1-B sponsorship is available for this role.
**What you can expect:**
Join the quantitative analysis team in the Chief Investment Office of a prominent U.S. financial services firm (managing $1.7 trillion in assets, offering Investment Management, Insurance, and Retirement services).
In this role, you will develop analytical tools and deliver quantitative analysis to support Prudential’s asset-liability management and capital markets solutions in a dynamic environment.
Serve as a quantitative developer, initially focusing on the implementation of pricing tools for derivatives (equity, rate, credit, and FX), risk analytics, and profit and loss attribution methodologies as directed by senior team members.
Collaborate directly with the Trade Desk to assess, discuss, and craft models/tools that aid daily trading and hedging operations.
Contribute to organization-wide projects, such as financial derivative forecasting and/or simulation scenarios.
**What you'll need:*** Proficient in Python with practical experience.* Possess a strong understanding of derivative pricing theory, with a keen interest in applying theoretical knowledge in real-world scenarios.* Hold an advanced degree in financial engineering, mathematics, computer science, statistics, or related quantitative disciplines. Candidates with a Bachelor's degree and substantial work experience will also be considered.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 *$95,000 to $115,000*. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal #J-18808-Ljbffr