PGIM - Director, Investment Risk

PGIM; Newark (NJ); Hybrid; USD 170,000 - 180,000; Full time

Benefits offered by this job

Medical benefits

Paid time off

401(k) match

Pension plan

Wellness program

Education benefits

Employee stock purchase plan

Job summary

PGIM Credit is seeking a strategic Investment Risk professional in a hybrid Newark, NJ role, focusing on risk budgeting, portfolio positioning, and quantitative analytics across credit portfolios. You will collaborate with portfolio managers and the QMS team to enhance our risk platform and support due diligence and client inquiries.

The ideal candidate has 7+ years in investment risk or portfolio analytics, a degree in Finance/Economics/Math/Engineering, strong Python/SQL skills, and excellent

Qualifications

• 7+ years of experience in investment risk or portfolio analytics.
• Bachelor’s degree in Finance, Economics, Mathematics, Business, Data Analytics or Engineering.
• Demonstrated competence with statistical, quantitative and technical aspects of fixed income markets.
• Experience with at least three relevant Fixed Income asset classes, including but not limited to: interest rate products, futures, FX derivatives, Government debt, Investment Grade Corporates, High Yield, Bank Loans, Emerging Markets, Structured Products, and Private Credit.
• Extensive experience with MS Excel, Python, SQL and other data analysis or modeling tools with the ability to work effectively with large datasets.
• Clear, professional communication skills, including strong listening, verbal and written abilities.
• Strong interpersonal skills and experience with interacting with senior management, investment professionals and clients.
• Exceptional organizational and project management skills, with the ability to manage multiple and at times competing priorities within defined timelines, both independently and in a team setting.

Responsibilities

• Provide independent support to all aspects of the risk management function, including daily oversight of portfolio risk positioning, engagement with portfolio managers to address risk issues, review and sign-off of risk-related elements of client guidelines, risk budgeting, addressing client inquiries, and responding to ad-hoc internal and external requests for risk analysis.
• Attend and participate in internal portfolio management and strategy review meetings to represent the risk management function and stay current on market developments, sector views and trading strategies.
• Contribute to the analysis of risk drivers, performance attribution, scenario analysis, and portfolio construction.
• Engage in asset allocation and risk optimization analysis to support product development initiatives.
• Assist in reviewing the risk-related elements of client guidelines to identify constraints that will influence portfolio construction, internal alpha targets, and risk budgets. Coordinate with client advisors to negotiate acceptable resolutions.
• Partner with Quantitative Modeling and Strategies (QMS) and the systems group to design, test, implement, and document enhancements to our proprietary internal risk analytics and systems. Communicate the impact of proposed changes on portfolio risk to the affected trading desks.
• Coordinate with associates in Investment Risk and QMS to prepare responses to due diligence questionnaires, requests for proposals, and ad-hoc inquiries from clients and prospects related to our Investment Risk Management Framework.
• Support the team with client and portfolio onboarding and ongoing account maintenance, coordinating as needed with Client Advisors, Client Onboarding, Compliance, Portfolio Analysts, and Portfolio Managers.
• Meet with clients and prospective clients to present our internal risk management framework and answer questions related to PGIM Credit’s risk management philosophy.
• Prepare documentation and presentation materials for internal and client use that explain various aspects of our proprietary risk framework and analytics.

Skills

Investment risk

Portfolio analytics

Python

SQL

MS Excel

Communication

Project management

Stakeholder engagement

Education

Bachelor’s degree in Finance or related field

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 with 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

PGIM Credit is a leading $1.2 trillion global asset manager spanning public and private credit markets. Our Investment Risk Management team plays a critical role in overseeing risk positioning across more than 600 client portfolios, partnering closely with investment professionals to deliver disciplined, data-driven decision-making. As part of a highly collaborative and technically sophisticated team, you will work at the intersection of portfolio management, trading, and quantitative analytics. The group is responsible for shaping and monitoring risk budgets, advising on portfolio positioning, and continuously enhancing PGIM Credit’s proprietary risk platform. This is a unique opportunity to contribute to a best-in-class risk framework within a dynamic and team-oriented environment.

We are seeking a strategic and detail-oriented Investment Risk professional who thrives in a fast-paced setting and is passionate about applying quantitative insights to real-world portfolio management challenges. This is a hybrid role based in Newark, NJ, where the team is working on-site 3 times a week.

What You Can Expect

• Provide independent support to all aspects of the risk management function, including daily oversight of portfolio risk positioning, engagement with portfolio managers to address risk issues, review and sign-off of risk-related elements of client guidelines, risk budgeting, addressing client inquiries, and responding to ad-hoc internal and external requests for risk analysis.
• Attend and participate in internal portfolio management and strategy review meetings to represent the risk management function and stay current on market developments, sector views and trading strategies.
• Contribute to the analysis of risk drivers, performance attribution, scenario analysis, and portfolio construction.
• Engage in asset allocation and risk optimization analysis to support product development initiatives.
• Assist in reviewing the risk-related elements of client guidelines to identify constraints that will influence portfolio construction, internal alpha targets, and risk budgets. Coordinate with client advisors to negotiate acceptable resolutions.
• Partner with Quantitative Modeling and Strategies (QMS) and the systems group to design, test, implement, and document enhancements to our proprietary internal risk analytics and systems. Communicate the impact of proposed changes on portfolio risk to the affected trading desks.
• Coordinate with associates in Investment Risk and QMS to prepare responses to due diligence questionnaires, requests for proposals, and ad-hoc inquiries from clients and prospects related to our Investment Risk Management Framework.
• Support the team with client and portfolio onboarding and ongoing account maintenance, coordinating as needed with Client Advisors, Client Onboarding, Compliance, Portfolio Analysts, and Portfolio Managers.
• Meet with clients and prospective clients to present our internal risk management framework and answer questions related to PGIM Credit’s risk management philosophy.
• Prepare documentation and presentation materials for internal and client use that explain various aspects of our proprietary risk framework and analytics.

What You Will Bring

• Minimum of 7 years of experience in investment risk or portfolio analytics with direct exposure to portfolio construction, positioning, and risk management.
• Bachelor’s degree, preferably with concentration(s) in Finance, Economics, Mathematics, Business, Data Analytics or Engineering.
• Demonstrated competence with statistical, quantitative and technical aspects of fixed income markets.
• Experience with at least three relevant Fixed Income asset classes, including but not limited to: interest rate products, futures, FX derivatives, Government debt, Investment Grade Corporates, High Yield, Bank Loans, Emerging Markets, Structured Products, and Private Credit.
• Extensive experience with MS Excel, Python, SQL and other data analysis or modeling tools with the ability to work effectively with large datasets.
• Clear, professional communication skills, including strong listening, verbal and written abilities.
• Strong interpersonal skills and experience with interacting with senior management, investment professionals and clients.
• Exceptional organizational and project management skills, with the ability to manage multiple and at times competing priorities within defined timelines, both independently and in a team setting.

What Will Set You Apart

• Buy-side fixed income experience working directly with portfolios strongly preferred.
• Master’s degree, CFA, or other graduate-level credential (or progress toward one).

Note

Prudential is required by state-specific laws to include the salary range for this role when hiring a resident in applicable locations. The base salary range for this role is from $170,000 to $180,000. 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.

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

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.