Prudential Financial - Newark, NJ
posted 3 months ago
As a Quantitative Risk Analyst at PGIM Multi Asset Solutions (PMA), you will report directly to the Chief Risk Officer and play a pivotal role in developing and implementing risk management frameworks that encompass asset allocation, hedging, risk management, pricing, and insurance capital management. This position is crucial for managing our offshore international reinsurance transactions, particularly focusing on markets in Japan, the US, and Bermuda. You will be expected to leverage your deep understanding of quantitative finance and strong analytical skills to create sophisticated risk models that will guide our investment strategies. Your responsibilities will include developing and implementing quantitative models to support both strategic and tactical asset allocation, performing in-depth analyses of global financial markets, and overseeing investment portfolios to align with our clients' risk-return profiles. You will also design hedging strategies to mitigate risks associated with reinsurance transactions, monitor market, credit, and operational risks, and conduct stress testing and scenario analyses to assess the impact of adverse market conditions on our portfolios. In addition to risk management, you will be involved in pricing and structuring reinsurance products, collaborating with underwriting and actuarial teams to ensure accurate pricing and risk assessment. You will analyze and manage capital requirements for the reinsurance business, develop strategies to optimize capital use in compliance with regulatory requirements, and prepare comprehensive reports and presentations for senior management and stakeholders. This role requires a collaborative approach, working closely with portfolio managers and external partners to align investment strategies with client objectives and drive continuous improvement within the organization.