PGIM Portfolio Advisory- Multi Asset Solutions Risk Analyst, Asset Allocation and Hedging Risk Management

4 weeks ago

Newark, United States Prudential Financial Full time

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

Reporting to the Chief Risk Officer of PGIM Portfolio Advisory, we are seeking a highly skilled and experienced Quantitative Risk Analyst to join our dynamic PGIM Portfolio Advisory (PPA) team. The successful candidate will play a crucial role in developing risk management frameworks that involve asset allocation, hedging, risk management, pricing, insurance capital management, and structuring for our offshore international reinsurance transactions, with a focus on markets in Japan, the US, and Bermuda.

This position requires a deep understanding of quantitative finance, strong analytical skills, and the ability to develop and implement sophisticated risk models.

This role is based in our office in Newark, NJ. Our organization follows a hybrid work structure where employees can work remotely and/ from the office, as needed, based on demands of specific tasks or personal work preferences. This position is hybrid and requires your on-site presence on a reoccurring weekly basis 3 days per week (Tuesday, Wednesday and Thursday)

What you can expect:

  • Asset Allocation:

    • Develop and implement quantitative models to support risk management of strategic and tactical asset allocation.

    • Perform in-depth analysis of global financial markets, with a focus on Japan, US, and Bermuda.

    • Oversee investment portfolios to achieve the desired risk-return profile in line with investment our client’s strategy.

  • Hedging and Risk Management:

    • Design hedging strategies to mitigate risks associated with reinsurance transactions.

    • Monitor and manage market, credit, and operational risks within the investment portfolio.

    • Conduct stress testing and scenario analysis to evaluate the impact of adverse market conditions on the portfolio.

  • Pricing and Structuring:

    • Develop and implement pricing models for reinsurance products and transactions.

    • Work on structuring deals to optimize risk and return profiles under various .

    • Collaborate with underwriting and actuarial teams to ensure accurate pricing and risk assessment.

  • Insurance Capital Management:

    • Analyze and manage the capital requirements for the reinsurance business.

    • Develop strategies to optimize the use of capital in line with regulatory requirements and business objectives.

    • Monitor and report on capital adequacy and efficiency in the face of regulatory changes.

  • Financial Modeling:

    • Develop and maintain complex financial models to support asset allocation, hedging, pricing, and risk management decisions.

    • Implement and validate quantitative models, ensuring accuracy and reliability.

    • Collaborate with IT and data teams to enhance data quality and model performance.

  • Reporting and Analysis:

    • Prepare comprehensive reports and presentations for senior management and stakeholders.

    • Conduct performance attribution analysis to evaluate the effectiveness of investment and hedging strategies.

    • Stay updated on regulatory changes and their impact on the investment and reinsurance landscape.

  • Collaboration:

    • Work closely with the Chief Risk Officer, portfolio managers, and other team members to align investment strategies with the client's objectives.

    • Liaise with external partners, including investment banks, asset managers, and consultants, to gather market intelligence and best practices.

    • Participate in cross-functional projects and initiatives to drive continuous improvement and innovation within the organization.

What you will bring

  • Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or a related field.

  • Minimum of 5+ years of experience in quantitative analysis, asset allocation, risk management, pricing, or insurance capital management within the financial services industry.

  • Proven track record of working with offshore reinsurance transactions and international markets, specifically Japan, US, and Bermuda.

  • Strong quantitative and analytical skills, with proficiency in statistical and mathematical modeling.

  • Expertise in programming languages such as Python, R, or MATLAB.

  • Experience with financial databases and tools (e.g., Bloomberg, Reuters, Aladdin).

  • Strong knowledge of pricing models and insurance capital management.

  • Excellent communication and presentation skills, with the ability to convey complex concepts to non-technical stakeholders.

What will set you apart

  • Advanced degree (Master’s or Ph.D.) preferred.

  • Professional certifications such as CFA, FRM, or PRM are highly desirable.

  • Highly motivated and detail-oriented, with a strong commitment to accuracy and excellence.

  • Ability to work independently and as part of a team in a fast-paced, dynamic environment.

  • Strong problem-solving skills and the ability to think critically and creatively.

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What we offer you

  • Medical, dental, vision, life insurance, and PTO (Paid Time Off)

  • Retirement plans:

    • 401(k) plan with generous company match (up to 4%)

    • Company-funded pension plan

  • Wellness Programs to help you achieve your wellbeing goals, 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 health, and career development.

  • Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.

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