Associate, Portfolio Analytics | PGIM Strategic Capital Group (Hybrid / Newark, NJ)

PGIM Ireland; Newark (NJ); Hybrid; USD 135,000 - 145,000; Full time

Benefits offered by this job

Bonus potential

Health benefits

401(k) match

Pension plan

Wellness program

Education benefits

Employee stock purchase plan

Job summary

PGIM, the global asset management arm of Prudential, seeks a Quantitative Portfolio Analytics professional in Newark, NJ. The role centers on building a state-of-the-art stochastic model library for asset‑liability simulations and live deal applications.

Candidates should have an Economics/Finance Ph.D. or quantitative degree, strong Python (pandas, numpy, scipy), and knowledge of core quant finance topics, with familiarity in transformer models. Hybrid schedule with in-office days is offered.

Qualifications

• Ph.D. in Economics or Finance or related quantitative field.
• Proficient Python with pandas, numpy, scipy.
• Solid grasp of prob theory, statistics, stochastic models, fixed income.

Responsibilities

• Build stochastic models for the real-world scenario generator.
• Develop macro-factor and asset-level models for portfolio simulation.
• Apply AI/quant methods to investment-strategy problems.
• Model strategies across public, private, and structured assets for live and in-force deals.

Skills

Python programming

Transformer models

Education

Economics or Finance Ph.D.

Tools

Transformers

Job description

Job Classification: Investment Management - Investments A GLOBAL FIRM WITH A CURIOSITY-DRIVEN CULTURE As the global asset management business of Prudential, we’re solving financial challenges for millions of people around the world. To do that we need top talent, which we attract by fostering a truly collaborative culture in which everyone is encouraged to keep asking. We seek clarity and insight at all stages, from delving into individual security characteristics to understanding our clients’ investment goals at the broadest level. If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team at one of the world’s leading global asset managers!

What you will do

PGIM’s Strategic Capital Group (SCG) is responsible for providing institutional clients with asset-liability management, portfolio strategy, and asset allocation solutions harnessing PGIM’s multi-asset expertise across public and private credit. SCG oversees liability‑aware portfolio construction and strategic asset design on behalf of its clients, while also partnering with other teams including PGIM Credit and PGIM Real Estate to deliver best‑in‑class private origination, credit underwriting, investment research, and risk management capabilities across a full range of asset classes. SCG is the investment manager for Prismic, a reinsurance platform launched by Prudential together with other strategic investors. This position is within the Portfolio Analytics team of SCG and will assume key responsibilities in the growth of our state‑of‑the‑art quant platform for dynamic portfolio optimization based on rigorous asset‑liability simulation and economic scenario generation. You will focus, in particular, on modeling the dynamics of diverse asset classes as well as underlying economic risk factors, which will feed into real portfolio construction projects, both for live deals and in‑force business, not just post‑allocation diagnostics. You will be based in our Newark, NJ office and will follow a hybrid schedule (3 days in‑office).

What you can expect

• Build stochastic models to enhance and extend our proprietary real‑world economic scenario generator
• Contribute to macro‑factor and asset‑level models that set key parameters within the scenario generator
• Develop advanced techniques to analyze emerging asset classes with sparse historical data
• Develop methodology and tools for attributing changes in asset‑liability metrics to underlying risk factors
• Investigate and apply the latest quantitative and AI‑based methods to concrete investment‑strategy problems
• Work with teams across PGIM to properly model investment strategies across a range of public, private, and structured asset classes for use within our asset‑liability simulations

What you will bring

• Economics or Finance Ph.D., advanced degree from a quantitative finance program, or comparable academic experience within a quantitative discipline
• Solid programming background, including Python (pandas, numpy, scipy) and exposure to modern transformer technology and foundation models
• Reliable knowledge of core quant finance topics: probability theory, statistics, stochastic models, options theory, yield curve construction, fixed income analytics, CAPM, etc.—both at the technical level but also conceptually, in terms of basic financial intuitions accessible to non‑quants

What will set you apart

• Familiarity with structured products, private credit, real estate debt, and private equity, as well as previous exposure to insurance liabilities and asset‑liability management concepts
• Knowledge about the theoretical foundations of quant finance and about macroeconomic frameworks
• Creativity, intellectual curiosity, and the ability to break down quantitative ideas for non‑quant audiences

The salary range for this role is from $135,000 to $145,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

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 Programs including 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)
• 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

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. To maintain the integrity and security of our hiring process, Prudential may use identity verification technologies. Your consent will be obtained before any verification takes place. If you need an accommodation to complete the application process, please email [e-mail]. If you are experiencing a technical issue with your application or an assessment, please email [e-mail] to request assistance.

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. 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. For more information about PGIM, visit pgim.com. Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

Our Commitment to an Inclusive Workplace

Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.