PGIM Quantitative Solutions, Sr Investment Associate, Implementation Researcher

Job Classification:

Investment Management - Portfolio Research

A GLOBAL FIRM 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.  At PGIM, You Can!

PGIM Quantitative Solutions is seeking a talented and driven Senior Associate to join our Quantitative Equity Implementation Research team. This team plays a critical role in the success of PGIM Quantitative Equity, which is powered by the firm’s cutting-edge capabilities in quantitative portfolio construction and execution. The implementation research team is responsible for researching, developing, and implementing the algorithms that drive these capabilities.

What You Can Expect:

• Design, maintain, and enhance portfolio optimization models to support equity investment strategies.
• Research and model transaction costs to improve implementation efficiency and portfolio outcomes.
• Work closely with trading desk to analyze executions, updates cost models and improve the trading process for client portfolios.
• Evaluate and integrate academic and practitioner research into portfolio construction and optimization processes.
• Collaborate with portfolio managers and investment professionals to translate quantitative insights into actionable strategies.
• Communicate complex quantitative findings clearly to both technical and non-technical stakeholders.
• Contribute to the continuous improvement of investment processes through innovation and empirical research.

What You Will Bring:

• Bachelor’s degree in Finance, Economics, Mathematics, Statistics, Computer Science, or a related STEM field.
• Relevant experience in quantitative finance, portfolio management, or a related field.

• Proficiency In Python.

• Strong practical experience with empirical research techniques.
• Demonstrated ability to manage and analyze large datasets effectively.
• Familiarity with portfolio optimization techniques and trade cost analysis.
• Ability to critically evaluate and apply academic and practitioner research.
• Excellent communication skills with a proven ability to explain complex concepts clearly.
• Self-starter with strong problem-solving skills, creativity, and initiative.

What Will Set You Apart:

• Master’S Degree

• Experience with additional programming languages or tools (e.g., AMPL, CPLEX, GUROBI) is a plus.
• Able to work in a team environment while taking individual responsibility for the quality and accuracy of his/her work.
• Excellent time management skills; work efficiently under the pressure of deadlines.

PGIM believes in the Power of a Hybrid work arrangement.  The Power of Hybrid is both the flexibility of work from home, as well as the networking and career development of in-person work with colleagues through weekly anchor day(s). This position will work a hybrid schedule in our Newark, NJ office.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The base salary range for this role is from $150,000.00 to $170,000.00. 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.

About PGIM Quantitative Solutions Group Our Business:  

PGIM Quantitative Solutions is the quantitative, multi-asset and liquid alternatives specialist of PGIM. For more than 45 years, PGIM Quant Solutions has helped investors around the world solve their unique needs by leveraging the power of technology and data as well as advanced academic research. PGIM Quant Solutions manages portfolios across equities, multi-asset and liquid alternatives and offers defined contribution solutions.  For more information, please visit PGIM Quantitative Solutions  

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What We Offer You:

• Market competitive base salaries, with a yearly bonus potential at every level. 
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave. 
• 401(k) plan with company match (up to 4%). 

• Company-Funded Pension Plan.

• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs. 
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.  
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.  
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service. 

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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.  

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

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. 

If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com. 

If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.