Investment Analyst, Quantitative Investment Strategy

Prudential Financial; Newark (NJ); Hybrid; USD 95,000 - 115,000; Full time

Benefits offered by this job

Market competitive salaries

401(k) plan with company match

Wellness Programs

Employee Stock Purchase Plan

Paid Time Off

Job summary

A leading financial services provider seeks an Investment Analyst for their Quantitative Investment Strategy team, focusing on quantitative analysis and model implementation. Responsibilities include developing pricing and risk methodologies, along with interest rate and equity models. Ideal candidates will have a Bachelor's degree in a quantitative field and strong Python skills. The role offers a hybrid work model and competitive compensation, along with a robust benefits package including medical, retirement, and wellness programs.

Qualifications

• Demonstrated ability to lead quantitative strategy and analysis initiatives independently.
• Understanding of derivative pricing theory and practice required.
• Proficiency in Python development in collaborative environments.

Responsibilities

• Collaborate on pricing, risk, P&L, and attribution methodologies.
• Develop interest rate, equity, credit, foreign exchange, and inflation models.
• Support research and hedging strategy implementation.

Skills

Quantitative strategy and analysis

Derivative pricing theory

Python development

Matlab

C++

C#

Education

Bachelor’s degree in financial engineering, mathematics, computer science, statistics, or other quantitative fields

Tools

PyTorch

Job description

Join to apply for the Investment Analyst, Quantitative Investment Strategy role at Prudential Financial.

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. The Quantitative Analysis team within CIO plays a critical role in supporting Asset‑Liability Management (ALM) and Capital Markets Hedging activities. As a member of this team, you will work in a fast‑paced environment, directly supporting Traders and Portfolio Managers with quantitative analysis and model implementation. This position follows a hybrid work arrangement, requiring three days per week in the office.

What you can expect

• Collaborate with senior team members to implement pricing, risk, P&L, and attribution methodologies.
• Develop and implement interest rate, equity, credit, foreign exchange, and inflation models for valuation of domestic and international products and ALM solutions.
• Support research and analysis related to hedging strategy implementation.
• Partner with CIO’s technology team to build market data and trade databases, automate data feeds, and streamline processes.

What you’ll need

• Demonstrated ability to independently lead quantitative strategy and analysis initiatives.
• Strong understanding of derivative pricing theory and practice.
• Proficiency in Python development within collaborative environments; experience with PyTorch or parallel computation frameworks is a plus.
• Familiarity with Matlab, C++, or C# is a plus but not required.
• Professional or academic experience in rates or equity derivatives modeling preferred.
• Bachelor’s degree in financial engineering, mathematics, computer science, statistics, or other quantitative fields; advanced degrees or professional certifications are a plus.
• Knowledge of variable and fixed indexed annuities desirable; familiarity with asset classes such as fixed income, equities, credit, and foreign exchange is a plus.

Salary Range: $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 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), after one year of service.

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.