Job Classification:

Quantitative Modeling and Strategies (QMS) is a critical group within the $750 billion PGIM Fixed Income investment organization. QMS is comprised of over a dozen highly educated, driven professionals and has the responsibility for modeling relative value and risk in all major global public fixed income markets: rates, structured and securitized products, credit and FX. The team has a strong, collaborative relationship with portfolio management as well as with colleagues in risk management and the Technology Solutions Group. QMS work product is a significant driver for some of the firm’s most profitable hedge fund strategies.

QMS is expanding and is on the lookout for top quantitative modeling talent to help expand and enhance our contribution to the firm’s superior investment performance and world class analytics framework.

Your Impact:

• Design analytical solutions to business needs in an asset management environment
• Engage portfolio/risk managers to understand business requirements
• Programming as part of a quantitative development team and contribute to a core library of models
• Opportunity to lead and mentor one or more junior quantitative analysts

A successful candidate should possess:

• An advanced degree (PhD preferred) in a quantitative field (science, math, finance or engineering).
• 7+ years of experience in fixed income quantitative research (buy-side preferred)
• Understanding of term structure models and their use in pricing derivatives
• Strong programming skills and experience in Python, C++ and/or Java
• Not required but highly desirable: exposure to structured finance and credit models, as well as Monte Carlo simulation

Our Culture:

Prudential is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential employees have a unique opportunity to build their career path by owning their development, their career and their future. We encourage employees to utilize the internal “Skills Accelerator” to hone their skills and explore the opportunities available to them within Prudential.

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 $155,000 to $225,000. 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.