11 days old

Investment Associate (Model Risk Management) - MOD0005M

Newark, NJ
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Primary Location United States-New Jersey-Newark (NJ)

The mission of Enterprise Risk Management (ERM) is to ensure that Prudential has a comprehensive framework for understanding the risks embedded in and across its businesses, so that the company can manage these risks effectively, evaluate current and future risk challenges and opportunities, and enhance shareholder value. 
An integral part of the ERM organization is the Model Risk Management Group (MRMG), which includes two teams: (1) Model Risk Management and (2) Model Risk Control Office.  The primary objectives of MRMG are to effectively challenge, manage and mitigate model risks, and maintain model inventory, risk assessment and model control standards.
Primary Responsibilities
This position will be part of the Model Risk Management team, primarily responsible for independent model reviews and testing of models.
The incumbents level of experience and subject matter expertise will determine his or her level of leadership and involvement relative to the following responsibilities:
Support model review work including the following activities:
Research relevant regulatory frameworks, underlying products, assumptions and methodologies
Review model documentation, evaluate risks and propose review strategies
Perform model output analytics and might build independent challenger models and other analytical tools as needed
Create a comprehensive model review report
Be exposed to multiple lines of business and model types: pricing, financial reporting, capital, forecasting and others
Work closely with others, both inside and outside the team
This position may also help with the monitoring of model control standards, model risk assessments, and model issue remediation in partnership with the Model Risk Control Office.


 2 years of experience in Quantitative Finance or Investments
 M.S. in Quantitative fields such as: Financial Engineering, or related fields like Mathematical Finance, Applied Mathematics, Financial Econometrics, Physics, or other Engineering. Graduate degree is preferred.
 Excellent mathematical, analytical problem-solving skills.
 Knowledge of valuation for financial derivatives, general knowledge of Asset Liability Management (ALM)
 Strong technical skills, with hands-on experience in working environment of programming languages such as: Python, VBA. Experience with C , Matlab, or any database is also preferred
 Experience in model development, implementation and/or validation is a plus
 Experience in financial services industry (bank, insurance company, hedge fund, etc.)
 Strong communication (both written and oral) skills, including the ability to communicate complex issues to nontechnical persons
 Ability to build strong relationships and collaborate with others

@!*!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 companys 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. For more information please visit www.prudential.com.

Prudential is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.
Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.
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Posted: 2020-11-17 Expires: 2020-12-17
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Investment Associate (Model Risk Management) - MOD0005M

Newark, NJ

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