Other - Newark (NJ), NJ Quantitative Research Specialist
About the position
TITLE: Quantitative Research Specialist
DUTIES: Maintain and enhance PGIM Fix Incomes proprietary agency Mortgage Backed Security (MBS) valuation and prepayment models. Develop investment strategies based on quantitative analysis of market data. Create tools for portfolio managers to utilize in investment decision making process. Manage the interaction between the MBS portfolio managers and the Quantitative Research and Modeling Group. Serve as a mortgage market expert resource throughout the organization.
Qualifications
REQTS: Must have a PhD or foreign equivalent in Mathematics, Science, Finance, or a related technical field plus three (3) years of experience in the position offered, as a Strategist, Quant Research, or a related position. Must have three (3) years of experience with: Financial analytics development using C++ and Python; Working with large scale SQL databases; Practical applications of financial theories, including stochastic calculus, risk neutral derivatives pricing, capital asset pricing theories, and optimal portfolio construction, to portfolio management; Applying statistical modeling techniques, including principal component analysis, logistical regression, Monte Carlo simulation, and time series modeling, to financial market data; Valuation and analysis of financial instruments including government and corporate bonds, swaps, futures, options, CDS, and securitized products; Application of optimization techniques and machine learning algorithms in financial market context; and Statistical analysis of large datasets using R and/or SAS.
HOURS: Full time; Mon- Fri (37.5 hrs/week)
APPLY: Apply by clicking “Apply” below and following instructions to submit resume.
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, 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 staffingagencies@prudential.com for more information about doing business with Prudential.
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