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PGIM Fixed Income - Investment Risk Associate (Hybrid/Newark, NJ)
PGIM Fixed Income - Investment Risk Associate (Hybrid/Newark, NJ)-September 2024
Newark
Sep 20, 2024
ABOUT PRUDENTIAL
Prudential is a financial services company that helps customers grow and protect their wealth.
10,000+ employees
Financial Services, Technology
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About PGIM Fixed Income - Investment Risk Associate (Hybrid/Newark, NJ)

  Job Classification:

  Investment Management - Investments

  Our Vision:

  At PGIM, we care about our employees, and we are committed to seeing them succeed. We provide our employees with access to professional development and support to help drive their success and ability to innovate.

  What you will do:

  PGIM Fixed Income Investment Risk Management team is responsible for overseeing risk positioning for over $500 billion in third-party client assets in more than 600 individual portfolios. Investment Risk is a close-knit group of technical and motivated individuals operating in a cooperative environment. The group works closely with the rest of the investment organization in a variety of roles including the development and maintenance of risk budgets, consultation with the trading desks concerning portfolio positioning and development of Fixed Income's proprietary risk system.

  This is a hybrid role and will require to work in the Newark, NJ office three days a week and two days remote.

  What you can expect:

  Attend and participate in internal portfolio management and strategy review meetings to represent risk management and keep up with market developments, sector views and trading strategiesBegin to independently risk manage mandates and other aspects of the risk framework, reporting to more senior members of the teamBe prepared to lead the team through a summary review of notable risk positions and proposed resolutions at weekly risk meetingsAssist with the review of risk related aspects of client guidelines to identify constraints that will influence portfolio construction and/or internal alpha targets and risk budgets. Coordinate with client advisors to negotiate acceptable resolutions.Support the team with managing client/portfolio onboarding and account maintenance including coordination with Client Advisors, Client Onboarding, Compliance, Portfolio Analysts and Portfolio Managers, as necessaryAssist with the creation of documentation and presentation materials for use internally and with clients to describe various aspects of our proprietary internal analyticsParticipate in internal training and information to broaden the organization's understanding of our risk analyticsProvide support to all aspects of the risk management function, including oversight of daily portfolio risk positioning, interaction with portfolio managers to address risk issues, review and sign-off on the risk related aspects of client guidelines, risk budgeting, addressing client inquiries, responding to ad-hoc requests for risk analysis or information from internal and client sources, etc.Develop relationships with colleagues throughout the organization to ensure that Risk Management, the Portfolio Analysis Group and Portfolio Management teams have the risk tools and information required to effectively manage portfoliosCoordinate with Quantitative Modeling and Strategies and the systems group on designing, testing, implementing and documenting changes to our proprietary internal risk analytics and systems. Meet with affected trading desks to review proposed changes and highlight impacts on portfolio riskCoordinate with associates in investment risk and the Quantitative Research Group to prepare responses to due diligence questionnaires, requests for proposals and ad-hoc inquiries from clients and prospects related to our Investment Risk Management Framework

  What you will bring:

  Bachelor's degree, preferably with concentration(s) in Finance, Economics, Mathematics, Business, Data Analytics or Engineering5+ years fixed income investment experienceCFA, graduate degree or willingness to pursueDemonstrated competence with statistical, quantitative and technical aspects of fixed income marketsStrong interpersonal skills and experience interacting with senior management and seasoned investment professionalsExceptional organizational and task/project management skills. Ability to manage multiple, and at times competing, priorities to specific deliverable timelines within both a team construct and individuallyAttention to detail, accuracy, and completenessDemonstrated skills as a team player and capable of working independentlyAbility to maintain high levels of productivity and self-direction and act as a liaison for internal constituentsClear, professional communications (listening, oral and written communications)Extensive experience with MS Excel, Tableau, Python, SQL and other technical data analysis / modeling tools and ability with to work with large datasets

  What we offer you:

  Medical, dental, vision, life insurance and PTO (Paid Time Off)Retirement plans:401(k) plan with generous company match (up to 4%)Company-funded pension planWellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needsWork/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional health, and career development.Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.

  To find out more about our Total Reward package, visit Work Life Balance | Prudential Careers

  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 $130,000 to $150,000. 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.

  About PGIM Fixed Income

  PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $770bn assets under management, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Tokyo, Hong Kong, and Singapore. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.

  About PGIM - Global Asset Management

  PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.2 trillion in assets under management as of 30th December,2022. 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.

  With a history dating back almost 145 years, and experience through more than 30 market cycles, PGIM takes a long-term view, not only in our investment philosophy, but also in how we develop our talent. We want to see our employees excel from their first day with the firm and throughout their tenure with PGIM. We will inspire you, support you, and help you reach your greatest personal and professional aspirations. If PGIM sounds like the place for you, join us. For more information about PGIM, visit PGIM.com.

  Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

  Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

  We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

  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.

  The Prudential Insurance Company of America, Newark, NJ and its affiliates.

  Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at [email protected] for more information about doing business with Prudential.

  PEOPLE WITH DISABILITIES:

  If you need an accommodation to complete the application process, which may include an assessment, please email [email protected].

  Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.

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