PGIM - Director, Investment Risk

We are seeking a strategic and detail-oriented Investment Risk professional who thrives in a fast-paced setting and is passionate about applying quantitative insights to real-world portfolio management challenges.

This is a hybrid role based in Newark, NJ, where the team is working on-site 3 times a week. What you can expect: Provide independent support to all aspects of the risk management function, including daily oversight of portfolio risk positioning, engagement with portfolio managers to address risk issues, review and sign-off of risk-related elements of client guidelines, risk budgeting, addressing client inquiries, and responding to ad-hoc internal and external requests for risk analysis.

Attend and participate in internal portfolio management and strategy review meetings to represent the risk management function and stay current on market developments, sector views and trading strategies.

Contribute to the analysis of risk drivers, performance attribution, scenario analysis, and portfolio construction. Engage in asset allocation and risk optimization analysis to support product development initiatives.

Assist in reviewing the risk-related elements of client guidelines to identify constraints that will influence portfolio construction, internal alpha targets, and risk budgets.

Coordinate with client advisors to negotiate acceptable resolutions. Partner with Quantitative Modeling and Strategies (QMS) and the systems group to design, test, implement, and document enhancements to our proprietary internal risk analytics and systems.

Communicate the impact of proposed changes on portfolio risk to the affected trading desks. Coordinate with associates in Investment Risk and QMS to prepare responses to due diligence questionnaires, requests for proposals, and ad-hoc inquiries from clients and prospects related to our Investment Risk Management Framework.

Support the team with client and portfolio onboarding and ongoing account maintenance, coordinating as needed with Client Advisors, Client Onboarding, Compliance, Portfolio Analysts, and Portfolio Managers.

Meet with clients and prospective clients to present our internal risk management framework and answer questions related to PGIM Credit's risk management philosophy.

Prepare documentation and presentation materials for internal and client use that explain various aspects of our proprietary risk framework and analytics.

What you will bring: Minimum of 7 years of experience in investment risk or portfolio analytics with direct exposure to portfolio construction, positioning, and risk management Bachelor's degree, preferably with concentration(s) in Finance, Economics, Mathematics, Business, Data Analytics or Engineering.

Demonstrated competence with statistical, quantitative and technical aspects of fixed income markets. Experience with at least three relevant Fixed Income asset classes, including but not limited to: interest rate products, futures, FX derivatives, Government debt, Investment Grade Corporates, High Yield, Bank Loans, Emerging Markets, Structured Products, and Private Credit.

Extensive experience with MS Excel, Python, SQL and other data analysis or modeling tools with the ability to work effectively with large datasets.

Clear, professional communication skills, including strong listening, verbal and written abilities. Strong interpersonal skills and experience with interacting with senior management, investment professionals and clients Exceptional organizational and project management skills, with the ability to manage multiple and at times competing priorities within defined timelines, both independently and in a team setting.

What will set you apart: Buy-side fixed income experience working directly with portfolios strongly preferred Master's degree, CFA, or other graduate-level credential (or progress toward one) 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 $170,000 to $180,000. 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. #LI-Hybrid #LI-SC1 What we offer you: Market competitive base salaries, with a yearly bonus potential at every level.

Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave. 401(k) plan with company match (up to 4%).

Company-funded pension plan. Wellness Programs 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 and mental health, and career development.

Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.

Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period). 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.

To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom. 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.

If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America.

Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security.

Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.

Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us.

We are 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 hone their skills and explore continued opportunities within Prudential.

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023.

With offices in 18 countries, PGIM's businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives.

For more information about PGIM, visit pgim.com. Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

For more information please visit news.prudential.com. PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States.

PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us.

We are 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 hone their skills and explore continued opportunities within Prudential.