Asset Management - Newark, NJ PGIM Fixed Income - Risk Management Analyst

About the position

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, New Jersey, London, Tokyo and Singapore. As of December 31, 2018, the firm has $743 billion of assets under management including $312 billion in institutional assets, $132 billion in retail assets, and $299 billion in proprietary assets. Over 600 institutional asset owners have entrusted PGIM Fixed Income with their assets.

PGIM Fixed Income Investment Risk Management is responsible for overseeing risk positioning for over $400 billion in third-party client assets in more than 600 individual portfolios. Investment Risk is a close-knit group of technical and motivated individuals operating in a cooperative environment. The group works closely with the rest of the investment organization in a variety of roles including the development and maintenance of risk budgets, consultation with the trading desks concerning portfolio positioning and development of Fixed Income’s proprietary risk system.

Investment Risk Management is seeking an individual to assist with our daily risk management process. The role requires a solid understanding of fixed income asset classes and how systematic and tail risk measures are impacted by active portfolio positioning.

Primary responsibilities of the successful candidate include:

  • The daily review of portfolio risk positioning relative to risk budget thresholds and the engagement with portfolio managers on potential risk issues

  • Attend and participate in weekly internal portfolio management and strategy meetings to represent risk management and keep up with market developments, sector views and trading strategies

  • Prepare and lead the team through a review of notable risk positions and proposed resolutions at our weekly risk meetings

  • Review and sign off on terms of client guidelines specific to investment risk for both new portfolios and changes related to existing client portfolios

  • Training and management of junior analysts in both rotational and full-time roles

  • Manage client/portfolio onboarding and account maintenance including coordination with Client Advisors, Client Onboarding, Compliance, Portfolio Analysts and Portfolio Managers, as necessary

  • Risk budgeting for new and existing portfolios including review of threshold utilization to inform product design and optimization

  • Coordinate with Quantitative Modeling and Strategies and the systems group on planning, testing and implementing changes to our proprietary internal risk analytics and systems. Meet with affected trading desks to review proposed changes and present the before and after impact on portfolio risk

  • Attend marketing and due diligence meetings with clients and prospects to review and discuss our risk framework and philosophy

Coordinate with associates in investment risk and the Quantitative Research Group 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


Necessary Job Skills / Experience

  • 4+ years finance/investment related work experience

  • CFA , or graduate degree or willingness to pursue

  • Demonstrated competence with statistical, quantitative and technical aspects of fixed income markets

  • Strong interpersonal skills and comfort with interacting with senior professionals

  • Exceptional organizational and task/project management skills. Ability to manage multiple priorities to specific deliverable timelines

  • Strong oral and written communication skills

  • Solid understanding of fixed income securities and markets

  • Experience reviewing technical/financial documents

  • Prior management experience a plus

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, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

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.