Prudential Financial - Newark, NJ
posted 3 months ago
As a Quantitative Risk Analyst at PGIM Portfolio Advisory, 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, insurance capital management, and structuring for offshore international reinsurance transactions. This position is particularly focused on markets in Japan, the US, and Bermuda, requiring a deep understanding of quantitative finance and strong analytical skills. You will be responsible for creating sophisticated risk models that will guide the investment strategies of our clients, ensuring that their portfolios achieve the desired risk-return profile. Your role will involve developing and implementing quantitative models to support both strategic and tactical asset allocation. You will conduct in-depth analyses of global financial markets, particularly focusing on the aforementioned regions, and oversee investment portfolios to align with client strategies. Additionally, you will design hedging strategies to mitigate risks associated with reinsurance transactions, monitor market, credit, and operational risks, and conduct stress testing and scenario analysis to evaluate the impact of adverse market conditions on the portfolio. In terms of pricing and structuring, you will develop pricing models for reinsurance products and work on structuring deals to optimize risk and return profiles. Collaborating with underwriting and actuarial teams will be essential to ensure accurate pricing and risk assessment. You will also analyze and manage capital requirements for the reinsurance business, developing strategies to optimize capital use in line with regulatory requirements and business objectives. Your responsibilities will extend to financial modeling, where you will develop and maintain complex financial models to support various decision-making processes. You will implement and validate quantitative models, ensuring their accuracy and reliability, while collaborating with IT and data teams to enhance data quality and model performance. Reporting and analysis will also be a key part of your role, as you prepare comprehensive reports and presentations for senior management and stakeholders, conduct performance attribution analysis, and stay updated on regulatory changes affecting the investment and reinsurance landscape. Collaboration is crucial in this role, as you will work closely with the Chief Risk Officer, portfolio managers, and other team members to align investment strategies with client objectives. You will also liaise with external partners, including investment banks and asset managers, to gather market intelligence and best practices, and participate in cross-functional projects to drive continuous improvement and innovation within the organization.