What are the responsibilities and job description for the Senior Associate - Modeling (Hybrid) position at Prudential Financial?
Job Classification:
Corporate - Risk
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions.
Investment Risk Management (IRM) is a group within Enterprise Risk Management that oversees the risk profile of Prudential’s general account and other global proprietary investments through in-house analysis and partnerships with asset managers and the Chief Investment Office. IRM is responsible for developing and reporting limits, capital modeling, governance, and board reporting for assets and transactions with credit, equity, and counterparty risk. The group interfaces across the enterprise on various topics including potential new transactions, scenario analysis, and regulatory and governance issues as a trusted partner and depends on a culture of collaboration to effectively solve complex and interesting challenges.
Within IRM, the Modeling & Analysis team focuses on the design and development of quantitative methods of credit & equity analysis. There is a large emphasis on ad-hoc analytical projects, which typically span a wide variety of market-related subjects and require flexible thinking in creating solutions. The ability to simultaneously exercise good analytical judgment as well as to explain complex subjects to the less quantitatively inclined is crucial for the success of the team.
What you can expect:
Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $152,500.00 to $206,200.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
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 accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
Corporate - Risk
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions.
Investment Risk Management (IRM) is a group within Enterprise Risk Management that oversees the risk profile of Prudential’s general account and other global proprietary investments through in-house analysis and partnerships with asset managers and the Chief Investment Office. IRM is responsible for developing and reporting limits, capital modeling, governance, and board reporting for assets and transactions with credit, equity, and counterparty risk. The group interfaces across the enterprise on various topics including potential new transactions, scenario analysis, and regulatory and governance issues as a trusted partner and depends on a culture of collaboration to effectively solve complex and interesting challenges.
Within IRM, the Modeling & Analysis team focuses on the design and development of quantitative methods of credit & equity analysis. There is a large emphasis on ad-hoc analytical projects, which typically span a wide variety of market-related subjects and require flexible thinking in creating solutions. The ability to simultaneously exercise good analytical judgment as well as to explain complex subjects to the less quantitatively inclined is crucial for the success of the team.
What you can expect:
- Developing and evaluating credit & equity models.
- Work in statistics and machine learning techniques, particularly in their practical application to quantitative investment problems.
- Develop new internal modeling approaches for simulation of credit & equity investments, which requires flexible technical thinking and good analytical judgement.
- Involved in all aspects of model development lifecycle, including initial design, prototype development, engagement with business partners, and documentation.
- Expert-level programming in Python and/or R.
- Investment / asset modeling background.
- Bachelor’s, Master’s, or PhD-level technical training in one or more of statistics / data science / economics / quantitative finance / computer science.
- SQL / query language programming experience.
- Experience with fixed income and credit.
- Structured credit knowledge, use of INTEX.
- Tableau visualization software experience.
- Strong verbal and written communication skills; ability to explain complex models in business terms.
Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $152,500.00 to $206,200.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
- 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 accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
Salary : $152,500 - $206,200
