Senior Associate

Job Classification:

Corporate - Risk

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions.

Investment Risk Management (IRM) is a group within Enterprise Risk Management that oversees the risk profile of Prudential’s general account and other global proprietary investments through in-house analysis and partnerships with asset managers and the Chief Investment Office.  IRM is responsible for developing and reporting limits, capital modeling, governance, and board reporting for assets and transactions with credit, equity, and counterparty risk. The group interfaces across the enterprise on various topics including potential new transactions, scenario analysis, and regulatory and governance issues as a trusted partner and depends on a culture of collaboration to effectively solve complex and interesting challenges.

Within IRM, the Modeling & Analysis team focuses on the design and development of quantitative methods of credit & equity analysis. There is a large emphasis on ad-hoc analytical projects, which typically span a wide variety of market-related subjects and require flexible thinking in creating solutions. The ability to simultaneously exercise good analytical judgment as well as to explain complex subjects to the less quantitatively inclined is crucial for the success of the team.

What you can expect:

• Developing and evaluating credit & equity models.
• Work in statistics and machine learning techniques, particularly in their practical application to quantitative investment problems.
• Develop new internal modeling approaches for simulation of credit & equity investments, which requires flexible technical thinking and good analytical judgement.
• Involved in all aspects of model development lifecycle, including initial design, prototype development, engagement with business partners, and documentation.

What you will need:

• Expert-level programming in Python and/or R.
• Investment / asset modeling background.
• Bachelor’s, Master’s, or PhD-level technical training in one or more of statistics / data science / economics / quantitative finance / computer science.
• SQL / query language programming experience.
• Experience with fixed income and credit.
• Structured credit knowledge, use of INTEX.
• Tableau visualization software experience.
• Strong verbal and written communication skills; ability to explain complex models in business terms.

#LI-Hybrid

What we offer you:

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 $152,500.00 to $206,200.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

• Market competitive base salaries, with a yearly bonus potential at every level.