Quantitative Research Specialist
- Newark, NJ
EMPLOYER : PGIM, Inc.
TITLE : Quantitative Research Specialist
LOCATION: Newark, NJ
DUTIES: Maintain and enhance PGIM Fix Incomes proprietary agency Mortgage Backed Security (MBS) valuation and prepayment models. Develop investment strategies based on quantitative analysis of market data. Create tools for portfolio managers to utilize in investment decision making process. Manage the interaction between the MBS portfolio managers and the Quantitative Research and Modeling Group. Serve as a mortgage market expert resource throughout the organization.
REQTS: Must have a PhD or foreign equivalent in Mathematics, Science, Finance, or a related technical field plus three (3) years of experience in the position offered, as a Strategist, Quant Research, or a related position. Must have three (3) years of experience with: Financial analytics development using C and Python; Working with large scale SQL databases; Practical applications of financial theories, including stochastic calculus, risk neutral derivatives pricing, capital asset pricing theories, and optimal portfolio construction, to portfolio management; Applying statistical modeling techniques, including principal component analysis, logistical regression, Monte Carlo simulation, and time series modeling, to financial market data; Valuation and analysis of financial instruments including government and corporate bonds, swaps, futures, options, CDS, and securitized products; Application of optimization techniques and machine learning algorithms in financial market context; and Statistical analysis of large datasets using R and/or SAS.
HOURS : Full time; Mon- Fri (37.5 hrs/week)
APPLY : Apply by clicking "Apply" below and following instructions to submit resume.
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