Job Description:

Job Classification:

Investment Management - Portfolio Research

What you will do

This will be an Associate level quantitative analyst working as part of the ABS credit research team within the public and private Securitized Products Group of PGIM Fixed Income ($118bn assets under management). The successful candidate will work closely with the ABS research and ABS portfolio management teams to help formulate ABS strategy and help monitor the ABS portfolio. The successful candidate will be responsible for analyzing transaction collateral, assigning internal credit ratings, reviewing transaction documentation packages, communicating with investment banking teams, working closely with portfolio management and other internal colleagues to determine investment suitability and relative attractiveness, conducting surveillance on existing investments, and following industry trends.

What you can expect

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  Develop and implement statistical models for investing in structured products using SAS, Python, R, and C++

  
  


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  Provide quantitative and qualitative research used to price investments in the US.

  
  


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  Constructed multi-variate linear, logistic, and cox models to predict prepayments and defaults

  
  


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  Created default models for loans using machine learning techniques such as feature selection, random forest, etc.,

  
  

What you will bring

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  Over 7 years of relevant experience, including several years in the securitized products markets (such as MBS, ABS, etc.)

  
  
  
  
  
  
  
  
  
  


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  Experience generating collateral performance assumptions, evaluating credit risk and/or negotiating deal terms

  
  


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  Familiarity with ABF/ABS issuers, intermediaries, and investors

  
  


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  Understanding of database structures and ability to query databases

  
  


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  Solid capabilities in fixed income mathematics

  
  


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  Comfortable running bonds through Intex

  
  


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  Knowledge of SQL and Tableau

  
  


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  Works well as part of a team and enjoys a fast paced, high intensity environment

  
  


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  Advanced degree (MS, MA, or PhD) in a quantitative field (science, math, finance or engineering).

  
  

What will set you apart?

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  Ability to construct end-to-end prepayment and credit default models

  
  


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  Possesses strong communication and presentation skills

  
  


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  Possesses strong attention to detail and excellent creative and technical skills

  
  

PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

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 $165,000 to $175,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

About PGIM Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $859Bn assets under management, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Tokyo, Hong Kong, and Singapore. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.  

What we offer you:

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  Market competitive base salaries, with a yearly bonus potential at every level. 

  
  

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  Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave. 

  
  

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  401(k) plan with company match (up to 4%). 

  
  

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  Company-funded pension plan. 

  
  

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  Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs. 

  
  

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  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.  

  
  

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

  
  

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

  
  

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.

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