Investment Associate, Global Hedge Management

Job Classification:

Investment Management - Investments

Business Overview: ​

The Chief Investment Office manages $516 billion in assets and is responsible for asset/liability management, risk management, oversight and reporting on product investment margin and related capital markets hedging activities. CIO is primarily focused on the construction of well-diversified investment portfolios to protect the Company’s invested capital and pricing margins. These portfolios consist of cash market securities and derivative instruments, the latter of which are used to hedge the insurance liabilities underwritten by the Company.  ​

The individual will be part of Global Hedge Management (GHM) within the Chief Investment Office.  GHM oversees multiple hedge initiatives, including the Variable Annuities and FlexGuard Hedge Programs.  GHM manages the firm’s derivative and foreign exchange needs and is a center of excellence for Prudential’s hedging efforts. 

The candidate will become part of a team that executes daily in capital markets.  GHM regularly

consults with various internal business partners and customers.  Specific expectations of this individual

include, but are not limited to:

• Gaining knowledge of capital markets and trading acumen in multiple asset classes

• Assisting in the management of specific hedge programs

• Developing and implementing technological advances for the Trade Desk

• Monitoring capital markets and emerging hedge program risks.  Proposing trade ideas based on program needs and market/relative-value analysis

• Collaborating with business partners to assist in product design and creation

Qualifications:

• This is a Hybrid role and the candidate must be able to work 1-2 days in the Newark, NJ office

• 3-5 years of investment related experience is required

• Strong quantitative and analytical skills, advanced Excel/Tableau/Power BI acumen strongly desired

• Bachelor’s Degree required, preferably in the fields of Mathematics, Statistics, Finance, Economics, Engineering, Computer Science, Actuarial or similar

• Progress towards graduate degree, CFA, FSA or similar is preferred

• Programming skills, particularly in Python, VBA, and SQL, helpful, but not required

• Background in the area(s) of Trading, Risk Management, Finance, Capital Management, Investment Management, Credit or Actuarial beneficial but not required

• Creative problem-solving skills along with outstanding verbal and written communication and collaboration skills

• Tech-forward mindset

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $105,000 to $135,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

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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.

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, 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. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

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.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email [email protected].

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.