Job Classification: Corporate - Human Resources A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, we're always looking for ways to improve financial services. We're passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading global asset managers! If you're not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that's investing in your future by shaping tomorrow today. At PGIM, You Can! What You Will Do Reporting to the Head of Portfolio Analytics, the VP will have primary responsibility for developing economic models, capital market assumptions, scenario generation, and asset modeling that feed ALM analysis and portfolio construction for PGIM Multi Asset Solutions (PMA) clients. This includes building models to project the future performance of specific asset classes under different economic scenarios, especially bespoke private and structured assets with less data visibility. The role may also involve developing asset-focused optimization tools and our ALM-based optimization framework. This position involves individual technical contribution, leading junior colleagues, and potentially managing as PMA grows. It requires developing new models and mastering existing ones within PMA's analytics platform for multi-asset portfolio optimization, economic simulation, and risk/capital analytics. This role is based in Newark, NJ, with a hybrid work structure (3 days in office). Employees can work remotely as needed, with in-office work encouraged for collaboration. What You Can Expect Develop and refine economic assumptions for portfolios of ABF, RML, CML, MML, and Mezzanine loans. Build valuation models or configure third-party tools for bespoke assets and derivatives. Create dynamical models for spreads and losses related to public and private assets. Calibrate volatilities and correlations using historical data. Develop mapping methodologies leveraging public market data for bespoke assets. Develop portfolio optimization models considering regulatory capital impacts. Analyze drivers of key model outputs like efficient frontiers and portfolio composition. Collaborate with asset specialists to analyze historical loss data. Explain model outputs to stakeholders including quants, portfolio managers, and business leaders. Build attribution models to break down portfolio or liability changes by risk factors. Lead junior colleagues on time-critical projects for PMA clients. What You Will Bring PhD or Master's in a quantitative field; candidates with significant progress toward a PhD in Economics or Finance are encouraged. 5-10+ years' experience in a quant role within banking, asset management, or insurance. Experience with structured products, ABF, and private assets. Strong programming skills, especially in Python (pandas, numpy, scipy). Solid knowledge of core quant finance topics: probability, stochastic models, fixed income, options, optimization. Understanding of model applications, limitations, and potential enhancements. What Will Set You Apart? Technical mastery, experience with bespoke assets, leadership, and communication skills. Familiarity with insurance regulatory regimes, especially Bermuda. PGIM encourages all qualified applicants, even if not all requirements are met. If your skills align, apply. Note: The salary range for this role is from $170,000 to $200,000, depending on location, experience, and skills. About PGIM Multi-Asset Solutions (PMA) PMA provides asset-liability management and multi-asset solutions for institutional clients, overseeing portfolio construction and management in collaboration with PGIM affiliates. What We Offer Competitive salaries with annual bonuses. Comprehensive benefits including health insurance, PTO, 401(k), pension, wellness programs, and more. Support for work/life balance, education, and stock purchase plans. Prudential is an equal opportunity employer. For accommodations or technical support, contact the provided emails.

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