Company Name:
Prudential
Approximate Salary:
Not Specified
Location:
Newark, New Jersey
Country:
United States
Industry:
Accounting/Finance
Position type:
Full Time
Experience level:
2-4 Years
Education level:
Bachelor's Degree

Quantitative Investment Associate

QMA, a wholly owned subsidiary of Prudential Financial, has been in existence in various forms for almost twenty years.  Its current structure was created when The Quantitative Management Group, a unit of Prudential Investment Management, was spun off into a limited liability company in July 2004.

 QMA is staffed with approximately forty-five investment professionals, and the firm’s $104 billion asset base has grown significantly since the spin-off.  Currently, the firm’s product line is composed of five primary strategies, Quantitative Core Equity, Value Equity, Equity Indexing, Asset Allocation, and Structured Equity.

 QMA is a leader in scientifically-based, process-driven active investing. The firm’s research process begins with economically sounds hypotheses, which is then tested with empirical data.  All validated insights are included into a process that broadly and systematically applies those insights.

 QMA believes in a team approach to investing, with researchers working closely with portfolio managers to together maximize investment performance.  Portfolio managers provide critical input to research by identifying where models are not capturing the underlying economics.  Researchers improve portfolio management by analyzing the process and helping focus portfolio management on the highest value tasks.  Research and portfolio management responsibilities overlap and interact, always focused on consistent delivery of investment performance to clients.
 

Position Summary:

The success of QMA is a function of several factors, including the firm’s leading-edge quantitative portfolio management capabilities. The portfolio management team is responsible for stock selection and portfolio construction research with direct accountability for portfolio performance.

 

We are looking to hire a Quantitative Analyst to with work with the US Core and Equity Index Portfolio Management Teams. The candidate should have strong technical skills, a passion for investments, and the ability to work both independently and part of a team.

 
Responsibilities:

    Assist Portfolio Managers with implementation and execution of all dimensions of the investment process, including cashflow management, portfolio optimization, corporate actions, proxy voting

    Provide analytic and programming support for portfolio management and investment-related research

    Provide analytic support for client-related presentations and research

    Develop and maintain performance attribution reports for investment portfolios.

    Assist in the development of written pieces explaining relative performance to clients

    Develop and maintain risk management reports for portfolio management

    Participate in QMA research seminars

    Participate in internal and external investment meetings

Qualifications
 

    One to three years work experience in a related field is desirable, but not required.

    Individual should have an MBA or a Masters in Finance or Economics

    CFA designation, or interest in pursuing is desired

    Strong evidence of outstanding academic achievement, and strong foundation in investments, economics, and statistics

    Quantitative and programming skills (Linux, R, Python, VB)

    Experience with Factset and Bloomberg

    Excellent verbal and written communication

    Most importantly, strong attention to detail is required

 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 [email protected] for more information about doing business with Prudential.