PGIM Fixed Income | Vice President, Risk Modeling Quantitative Research (London)

PGIM Fixed Income | Vice President, Risk Modeling Quantitative Research

Based in London

A GLOBAL LEADING ASSET MANAGER 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.

What you will do:

The Quantitative Research and Modeling (QRM) Group in PGIM Fixed Income is looking to add a Vice President team member to work on research and development of proprietary Global Multi-Factor Risk Model and systems. 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.

What you can expect :

1. Design analytical solutions to business needs in an asset management environment
2. Engage portfolio/risk managers to understand business requirements
3. Programming as part of a quantitative development team and contribute to a core library of models
4. Opportunity to lead and mentor one or more junior quantitative analysts

What you will bring:

1. An advanced degree (PhD preferred) in a quantitative field (science, math, finance or engineering).
2. 9 years of experience in fixed income quantitative research (buy-side preferred)
3. Deep knowledge and understanding of statistical theory and methods, for example, PCA, linear/quadratic/mixed integer optimization, classification, feature identification and selection, multi-variable regressions, and their practical applications, tricks and best practices.
4. Experience and understanding of factor risk and attribution models.
5. Strong programming skills and experience in Python, C++ and/or Java
6. Not required but highly desirable: exposure to structured finance and credit models, as well as Monte Carlo simulation
7. Not required but highly desirable real market experience.
8. Demonstrated ability to carry out independent research projects as well as to make contributions in a team setting
9. Strong communication and presentation skills

*We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit for this role.

What we offer you:

1. Private Medical Insurance: PGIM offers private medical insurance and pays the full premium on behalf of all employees.
2. Annual Leave of 25 to 28 days, based on years of service, at full pay.
3. Retirement Savings Plan: Employees receive a company contribution of 10% basic annual salary and a maximum employer-matching contribution of 5% of basic annual salary.
4. Life Assurance & Income Protection : Life Assurance for 12 times your basic annual salary, up to a max benefit of £1.8million. 60% of your basic annual salary for a limited payment terms of 5 years, at the end of which a capital sum of 2x your basic annual salary is payable.
5. To find out more about our Total Reward package, visit here .

About PGIM Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. Our business climate is a safe inclusive environment, centred around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.

PGIM Fixed Income is part of PGIM, a $1.33 trillion multi-affiliate manager, in turn owned by Prudential Financial, Inc. Across our entire organisation we are fully committed to diversity, inclusivity, authenticity and talent development.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

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, some of which may not be available in your area.

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, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
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