PGIM Quantitative Solutions, Multi Asset Investment Associate (Hybrid)
Prudential Tower, 655 Broad Street, Newark, NJ
Full Time Mid-level / Intermediate USD 135K - 150K
Prudential Financial
Helping individuals and institutions improve their financial wellness through life & health insurance, retirement services, annuities and investment products.Job Classification:
Investment Management - Portfolio ResearchA GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE
As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.
We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers!
If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can!
What you will do:
PGIM Quantitative Solutions is looking for an Investment Associate to work within their Multi-Asset Portfolio Management Team. The successful candidate should have strong technical skills, a passion for investments, a creative approach to problem solving, and the ability to work both independently and part of a team.
What you can expect:
- You will assist Portfolio Managers in the Multi-Asset team with implementation of all dimensions of the investment process
- You will compile performance attribution metrics and contribute to commentary on market views, client presentations, and portfolio positioning
- You will monitor investment models and data, and provide input on recommended portfolio positioning
- You will develop macroeconomic and market research that can be used to enhance the firm’s investment strategies
What you will bring:
- Bachelor’s degree in Finance, Economics, Mathematics, and statistics
- 1-3 years of experience in tactical asset allocation and/or multi-asset investing
- Strong quantitative skills
- Ability to work both independently and collaboratively within a team
- Ability to solve problems in a creatively and deliver high quality results in a timely fashion
- Ability to communicate effectively
What will set you apart?
- A Master's Degree in finance or economics and/or progress toward a CFA
- Programming in MATLAB or Python and working knowledge of SQL
- Working knowledge of financial derivatives (options, futures, forwards, or swaps)
*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
What we offer you:
- Medical, dental, vision, life insurance and PTO (Paid Time Off)
- Retirement plans:
- 401(k) plan with generous company match (up to 4%)
- Company-funded pension plan
- Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
- Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional health, and career development.
- Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.
To find out more about our Total Reward package, please use this link:
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Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The base salary range for this role is from $135,000 to $150,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. This role is also eligible for additional compensation and/or benefits including a competitive, discretionary annual cash bonus opportunity along with long term incentive awards. Eligibility to participate in the discretionary annual incentive programs are subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.
About PGIM Quantitative Solutions Group:
PGIM Quantitative Solutions is the quantitative, multi-asset and liquid alternatives specialist of PGIM. For more than 45 years, PGIM Quant Solutions has helped investors around the world solve their unique needs by leveraging the power of technology and data as well as advanced academic research. PGIM Quant Solutions manages portfolios across equities, multi-asset and liquid alternatives and offers defined contribution solutions. For more information, please visit
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.
Tags: Classification Economics Finance Market research Mathematics Matlab Python Research SQL Statistics
Perks/benefits: 401(k) matching Career development Competitive pay Health care Insurance Salary bonus Wellness
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