Prudential Financial - Newark, NJ
posted 3 months ago
As a Quantitative Risk Analyst at PGIM Portfolio Advisory (PPA), you will report directly to the Chief Risk Officer and play a pivotal role in shaping the risk management frameworks that guide our investment strategies. This position is integral to our efforts in asset allocation, hedging, risk management, pricing, and insurance capital management, particularly for our offshore international reinsurance transactions in key markets such as Japan, the US, and Bermuda. Your expertise in quantitative finance will be essential as you develop and implement sophisticated risk models that not only meet regulatory requirements but also align with our clients' strategic objectives. In this dynamic role, you will be responsible for developing quantitative models that support both strategic and tactical asset allocation. This involves performing in-depth analyses of global financial markets, overseeing investment portfolios to ensure they achieve the desired risk-return profile, and designing hedging strategies to mitigate risks associated with reinsurance transactions. You will also conduct stress testing and scenario analysis to evaluate the potential impacts of adverse market conditions on our portfolios. Your responsibilities will extend to pricing and structuring reinsurance products, where you will collaborate with underwriting and actuarial teams to ensure accurate pricing and risk assessment. Additionally, you will analyze and manage capital requirements for the reinsurance business, developing strategies to optimize capital use in line with regulatory requirements and business objectives. Your role will also include preparing comprehensive reports and presentations for senior management, conducting performance attribution analysis, and staying updated on regulatory changes that may affect our investment and reinsurance strategies. Collaboration is key in this position, as you will work closely with portfolio managers and external partners to align investment strategies with client objectives and drive continuous improvement within the organization. This hybrid position allows for flexibility in your work environment, requiring on-site presence three days a week while also accommodating remote work as needed.