7 hours

Investment Risk Management Senior Associate, Modeling and Analysis

Newark, NJ
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Position Title: Investment Risk Management Senior Associate, Modeling and Analysis
Job Code: 428099
Job Location: New Jersey-Newark

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 analysis. There is a large emphasis on ad-hoc analytical projects, which typically span a wide variety of 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.


Associate will be responsible for leading and contributing to a diverse array of projects that the Modeling & Analysis team may encounter. These will involve interacting with many large historical datasets concerning corporate credit through SQL and developing models from scratch that are grounded in the historical data. Associate will also help design and implement quantitative techniques to sift through large amounts of available data to uncover shifts in credit markets in real-time. Also in scope will be the enhancement of current internal and vendor models for new purposes such as scenario testing and extracting credit rating migration. Associate will be involved in all aspects of modeling and analysis lifecycle, including initial design, prototype development, engagement with business partners, and documentation


·         Required: Bachelor’s degree in quantitative field, Master’s degree preferred

·         Expertise in credit modeling. Experience with single-issuer PD models as well as portfolio credit models such as RiskFrontier or CDO/CLO models highly desired

·         5-7 years of relevant work experience

·         Expertise in Excel, SQL, and statistical software such as R

·         Ability to constructively challenge the status quo

·         Ability to work both independently and as a part of a team

·         Strong verbal and written communication skills; ability to explain complex models in business terms

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, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

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.
Job Function: Enterprise Risk Management
Schedule: Full-time
Posted: 2018-10-18 Expires: 2018-11-16

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Investment Risk Management Senior Associate, Modeling and Analysis

Newark, NJ

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