PGIM Fixed Income - Senior Associate, Quantitative Modeling Developer in Newark, New Jersey | DiversityInc Careers

PGIM Fixed Income - Senior Associate, Quantitative Modeling Developer

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 March 31, 2018, the firm has $717 billion of assets under management including $300 billion in institutional assets, $124 billion in retail assets, and $293 billion in proprietary assets. Nearly 600 institutional asset owners have entrusted PGIM Fixed Income with their assets.

The Quantitative Research and Modeling (QRM) Group in PGIM Fixed Income is looking to add a team member on the Senior Associate level to work on the implementation of a world-class infrastructure to support the research and development of relative value models and trading strategies with a focus on global interest rate, credit and FX markets. The group covers all major global public fixed income markets, and we model credit, interest rate and foreign exchange risk. We work closely with portfolio managers and traders as well as with colleagues in risk management, structured finance research, and application development.

Responsibilities include:

  • Design and contribute to technical and analytical solutions to business needs in an asset management environment
  • Work with technology team together to build in-house analytics platform
  • Engage portfolio/risk managers to understand business requirements
  • Programming as part of a quantitative development team and contribute to a core library of models

A successful candidate should possess:

  • A degree in a quantitative field (science, math, finance or engineering) with a strong technology background
  • Strong programming skills in both scripting (Python, R or Matlab, etc.) and compile languages (C++, Java or Scala, etc.).
  • Good understanding of system architectures and requirements for asset management business. Experience with risk and attribution a plus.
  • 3+ years of experience in fixed income quantitative development (buy-side preferred)
  • Experience crossing multiple disciplines to set up full-stack technology solution.
  • Not required, but highly desirable:
    o Familiarity with Spark, Hadoop, In-Memory DB, Kafka, docker or AWS.
    o Web development experience or JavaScript knowledge.

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.

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