Senior Director, Investment Risk & Analytics

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

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