Executive Director, Fixed Income Quantitative Research

Prudential Annuities Distributors (PAD); The Ironbound (NJ); On-site; USD 180,000 - 250,000; Full time

Benefits offered by this job

Market-competitive base salaries

Bonus potential

Medical/dental/vision insurance

401(k) with company match

Pension plan

Wellness programs

Education benefit

Employee Stock Purchase Plan

Job summary

PGIM, the global asset management business of Prudential Financial, seeks an Executive Director to oversee quantitative research and development of portfolio construction and risk management models in Fixed Income.

You will collaborate with portfolio managers, traders, risk management, and tech teams to advance analytical solutions and pricing models.

Qualifications

• 10+ years of fixed income quantitative research experience.
• Advanced degree in a quantitative field (PhD preferred).
• Ability to lead a diverse team and communicate complex concepts clearly.

Responsibilities

• Engage with desk heads and portfolio/risk managers to capture requirements.
• Provide leadership in portfolio construction and risk management.
• Develop analytical solutions for fixed income asset management challenges.
• Deepen understanding of pricing, curve fitting, and structured solutions models.

Skills

Fixed income quant research

PhD in quantitative field

Portfolio construction

Risk management

Programming

Leadership

Client engagement

Communication

Education

PhD preferred in quantitative field

Tools

Programming (Python/C++)

Job description

Job Classification: Investment Management - Investments

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can!

What you will do

The Quantitative Modeling and Strategies (QMS) Group in PGIM Fixed Income is looking to add an Executive Director to oversee the research and development of portfolio construction and risk management models and tools. The group is an integral part of the investment organization, contributing to areas such as: portfolio construction, systematic strategies, fixed income relative value and stochastic modeling. We work closely with portfolio managers and traders as well as with colleagues in risk management, structured finance research, and application development.

What you can expect

• 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.

What you will bring

• 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.

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.

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 [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.