Associate Quantitative Modeling Research
Associate Quantitative Modeling Research
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Job Description
Job Classification:
Investment Management Portfolio ResearchAssociate Quantitative Modeling Research (PGIM Inc. Newark NJ):
Design and development of quantitative models for calculation of valuation and risk metrics of securitized fixed income assets (collateralized loan obligations commercial mortgagebacked securities asset backed securities residential mortgagebacked securities and others). Implementation and maintenance of the computer code to incorporate the above models in interactive and noninteractive applications. Undertaking research projects analyzing market and economics data for the purposes of assessing risk and forecasting returns of various fixed income assets.
Telecommuting permitted up to 40 per week.
Full time employment Monday Friday 40 hours per week.
MINIMUM REQUIREMENTS:
Masters degree in Financial Engineering Mathematics Statistics Physics or a related field and 2 years of related postgraduate work experience in the financial services industry.
Of the required experience must have 2 years of experience in all of the following:
- Designing and implementing quantitative models of interest rates and interest rate derivatives.
- Designing and implementing quantitative models of securitized fixed income instruments (CLO CMBS RMBS or ABS).
- Developing analytical software in Python and C.
- Managing and analyzing large scale datasets using modern data science technologies such as R Python notebooks SPARK or Cloud Technologies.
- Presenting quantitative model results to risk managers portfolio managers and other stakeholders with varying degrees of quantitative expertise.
- Writing technical reports and model documentation in the financial services industry.
Telecommuting permitted up to 40 per week.
TO APPLY: Please click Apply Button. Should you have any difficulty in applying for this position through our website please contact for assistance in the application process.
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.
Companyfunded pension plan.
Wellness Programs including up to $1600 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 parttime 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 .
If you are experiencing a technical issue with your application or an assessment please email to request assistance.
Required Experience:
IC
Employment Type
Full Time
