1+ months

Quantitative Research Specialist - QUA0005I

Newark, NJ
Apply Now
Apply on the Company Site
  • Job Code
Primary Location United States-New Jersey-Newark (NJ)
EMPLOYER:       PGIM, Inc.          

TITLE:              Quantitative Research Specialist

LOCATION:       Newark, NJ

DUTIES:           Maintain and enhance PGIM Fix Incomes proprietary agency Mortgage Backed Security (MBS) valuation and prepayment models. Develop investment strategies based on quantitative analysis of market data. Create tools for portfolio managers to utilize in investment decision making process. Manage the interaction between the MBS portfolio managers and the Quantitative Research and Modeling Group. Serve as a mortgage market expert resource throughout the organization.


REQTS:             Must have a PhD or foreign equivalent in Mathematics, Science, Finance, or a related technical field plus three (3) years of experience in the position offered, as a Strategist, Quant Research, or a related position. Must have three (3) years of experience with:  Financial analytics development using C and Python; Working with large scale SQL databases; Practical applications of financial theories, including stochastic calculus, risk neutral derivatives pricing, capital asset pricing theories, and optimal portfolio construction, to portfolio management; Applying statistical modeling techniques, including principal component analysis, logistical regression, Monte Carlo simulation, and time series modeling, to financial market data; Valuation and analysis of financial instruments including government and corporate bonds, swaps, futures, options, CDS, and securitized products; Application of optimization techniques and machine learning algorithms in financial market context; and Statistical analysis of large datasets using R and/or SAS.  


HOURS:            Full time; Mon- Fri (37.5 hrs/week)


APPLY:              Apply by clicking Apply below and following instructions to submit resume.

@!*!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.
Job Posting:@false

Posted: 2020-10-01 Expires: 2020-11-29
Sponsored by:
ADP Logo

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Quantitative Research Specialist - QUA0005I

Newark, NJ

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast