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Chief Investment Office (CIO) - Senior Associate - Hedging Analytics - Asset Liability Management

Company: Prudential Financial, Inc.
Location: Newark
Posted on: August 5, 2022

Job Description:

Job Classification:Investment Management - InvestmentsChief Investment Office - ALM Strategy and AnalyticsDescription:The individual will be part of the ALM Strategy and Analytics team within Prudential's CIO Organization.Prudential's Chief Investment Office is responsible for:

  • Construction of portfolios to support Prudential's insurance liabilities
  • Multiple hedge programs for Prudential's Annuities, Life and Retirement businesses
  • All derivative and foreign exchange activity for asset liability management purposes
  • Prudential's alternative asset investing activitiesThe ALM Strategy and Analytics group, within Chief Investment Office, is responsible for:
    • Research and development of asset and liability models
    • Review and construction of asset allocation strategies
    • Broad strategic quantitative support of pricing, hedging, and valuation of capital market sensitive insurance guarantees
    • Portfolio analyticsThe senior associate will provide crucial support in various ALM strategy initiatives and in developing state-of-art financial analytics and tools. This position will also provide the incumbent the opportunity to develop derivative portfolio risk management skills with exposure to both derivative asset modeling and capital markets sensitive liability modeling.Specifically, this position will support work which includes:
      • Analysis and research related to implementation of ALM strategies
      • Daily valuations of the hedged liabilities and risk exposure reports
      • Hedge programs related financial earnings, capital and liquidity projections
      • Hedge P&L attribution analysis
      • Development of state-of-art analytics and tools using PythonQualifications:
        • 3 years working experience in the area of financial modeling
        • Higher degree in financial engineering, mathematics, computer science, statistics or other quantitative fields
        • Knowledge of derivative instruments, including options, swaps, and futures
        • Strong quantitative and analytical skills
        • Programming experience with Python, SQL, MATLAB and other programming experience desirable
        • Solid written communication skills
        • Creative problem solver with an aptitude for complex technical work
        • Expertise with various asset classes, such as fixed income, equities, credit, and foreign exchange
        • Familiarity with variable and fixed indexed annuities and hedging practices-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 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 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 .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 to request assistance.

Keywords: Prudential Financial, Inc., Newark , Chief Investment Office (CIO) - Senior Associate - Hedging Analytics - Asset Liability Management, Executive , Newark, New Jersey

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