Analyst - Chief Investment Office - Modeling and Analytics at Prudential Ins Co of America in Newark, New Jersey

Job Description:

Job Classification:

Prudential’s Chief Investment Office manages market risk associated with insurance products. The group owns the analysis of key asset and liability risk measures and decision-making relative to the hedging and ALM of these risks.

The Modeling and Analytics group, within Chief Investment Office is responsible for asset and liability modeling, R&D, analysis, and broad strategic quantitative support of pricing, hedging, and ALM analysis.

Main Responsibilities:
• Develop and maintain derivative valuation and projection capabilities in support of ALM and risk management of insurance products
• Research and implement interest rate, equity, credit, foreign exchange, and inflation models used in valuation of domestic and international products and ESG solutions across the company
• Interface with CIO’s technology team to build market data and trade databases, and automate data feeds
• Support analysis and research related to implementation of hedging strategies

Qualifications
• Strong quantitative and analytical skills
• Solid written communication skills
• Creative problem solver with an aptitude for complex technical work
• Solid programming skills, and proficient in python or other programming language
• Higher degree in financial engineering, mathematics, computer science, statistics or other quantitative fields
• 0 – 2 years’ experience in the areas of hedging, risk management
• Knowledge of derivative instruments, including options, swaps, and futures
• Familiarity with various asset classes, such as fixed income, equities, credit, and foreign exchange
• Familiarity with variable and fixed indexed annuities
• Familiarity with general VA hedging practice desirable

Note: 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 $100,000 to $110,000. 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.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.