PGIM Fixed Income - Quantitative Research Specialist, Agency MBS in Newark, New Jersey | DiversityInc Careers
 
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PGIM Fixed Income - Quantitative Research Specialist, Agency MBS

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, 2017, the firm has $709 billion of assets under management including $291 billion in institutional assets, $122 billion in retail assets, and $296 billion in proprietary assets. More than 500 institutional asset owners have entrusted PGIM Fixed Income with their assets. PGIM Fixed Income is a United States business operating as a unit within PGIM, Inc. (formerly known as Prudential Investment Management, Inc.) (“PGIM”). PGIM is the largest investment adviser within Prudential Financial, Inc. (“PFI”). As of September 30, 2017, PGIM had $1.1 trillion in assets under management across their real estate, equity, public fixed income, and private fixed income businesses and is ranked 9th among IPE’s top 400 asset managers.

PGIM Fixed Income is looking for an Quantitative Research Specialist with agency mortgage-backed securities modeling experience to join the Quantitative Research and Modeling (QRM) Group. QRM is a close-knit group of highly 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 valuation of complex derivative products, production of relative value models used by trading desks, and development of Fixed Income’s proprietary risk model.

Responsibilities include:
  • Maintaining and enhancing PFI’s proprietary agency MBS valuation and prepayment models
  • Creating tools for portfolio managers to utilize in investment decision making process
  • Manage the interaction between the MBS portfolio managers and QRM
  • Serving as a mortgage market expert resource throughout the organization
Qualifications A successful candidate should possess:
  • 3+ years work experience in quantitative software development using C++
  • Experience building prepayment models for the agency MBS market
  • Advanced degree (MS, MA, or PhD) in a quantitative field (science, math, finance or engineering). CFA a plus. Combination of intellectual rigor and ability to put tools into production
  • Demonstrated leadership qualities
  • Ability to works well as part of a team and enjoy a fast paced, high intensity environment
  • Strong communication and presentation skills
  • Excellent creative and technical skills

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.