Executive Director, Fixed Income Quant Research Leader

Prudential Financial, Inc.; Newark (NJ); On-site; USD 180,000 - 320,000; Full time

Benefits offered by this job

Market-competitive base salaries + 1x-

Bonus potential

401(k) plan with company match

Company-funded pension

Wellness programs

Work/Life resources

Education benefit

Employee stock purchase plan

Job summary

Prudential Financial, Inc. in Newark, NJ seeks an Executive Director to lead the Quantitative Modeling and Strategies (QMS) Group within PGIM Fixed Income.

You will oversee research and development of portfolio construction and risk management models and tools, collaborating with portfolio managers, traders, risk management, and technology teams. The role requires 10+ years in fixed income quantitative research, a PhD or advanced quantitative degree, and a proven track record in leading

Qualifications

• 10+ years of experience in fixed income quantitative research (buy-side preferred).
• An advanced degree (PhD preferred) in a quantitative field (e.g., science, mathematics, finance, or engineering).
• Ability to think both strategically and tactically while proactively managing a diverse team.
• An entrepreneurial spirit with a hands-on management style, capable of building upon existing quantitative research capabilities and infrastructure.
• Ability to work closely with desk heads and portfolio managers, building strong relationships while maintaining intellectual independence.
• Proven experience leading the design of analytical solutions in a fixed income asset management environment.
• Ability to communicate complex concepts clearly, concisely, and logically.
• Familiarity with technology, data, and programming, and their impact on modelling approaches.
• Significant experience in portfolio construction models and/or systematic strategies, as well as risk management modelling in a fixed income context.
• Experience with at least three relevant asset classes, including but not limited to: interest rate products, futures, FX derivatives, investment grade (IG) and high yield (HY) corporates, CDX, TRS, MBS, CLOs, CMBS, ABS, and private credit.
• Experience in at least three relevant business areas, including but not limited to: stochastic modelling, statistical and data analysis, investment risk management, return and attribution modelling, asset allocation, portfolio construction, systematic strategies research, and investment/risk technology.
• Comfortable engaging with clients as a thought leader in global public and private fixed income investing.

Responsibilities

• Engage with desk heads and portfolio/risk managers to understand business requirements.
• Provide thought leadership in portfolio construction and risk management.
• Create analytical solutions to meet business needs in a fixed income asset management environment.
• Develop a deep understanding of fixed income pricing models, curve fitting models, and structured solutions models.

Skills

Fixed income research

Portfolio construction

Risk management

Strategic thinking

Team leadership

Communication of complex concepts

Technology, data & programming

Quantitative analytics

Client engagement

Stochastic modelling

Asset classes exposure (IG, HY, MBS, C

Education

PhD in quantitative field

Advanced degree in science, mathematics, finance or engineering

Tools

Job description

Prudential Financial, Inc. in Newark, NJ seeks an Executive Director to lead the Quantitative Modeling and Strategies (QMS) Group within PGIM Fixed Income.

You will oversee research and development of portfolio construction and risk management models and tools, collaborating with portfolio managers, traders, risk management, and technology teams. The role requires 10+ years in fixed income quantitative research, a PhD or advanced quantitative degree, and a proven track record in leading