Investment Analyst, Quantitative Investment Strategy
Job Classification:
Investment Management - Investments
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.
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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.
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 Programsincluding 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 Work Life Balance | Prudential Careers. 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.
Perks and Benefits
Health and Wellness
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- FSA
- FSA With Employer Contribution
- HSA
- HSA With Employer Contribution
- Health Insurance
Parental Benefits
- Adoption Leave
- Birth Parent or Maternity Leave
- Adoption Assistance Program
- Family Support Resources
Work Flexibility
Office Life and Perks
Vacation and Time Off
- Paid Holidays
- Personal/Sick Days
Financial and Retirement
- 401(K)
- 401(K) With Company Matching
- Pension
- Stock Purchase Program
Professional Development
Diversity and Inclusion