Job Description

The mission of Enterprise Risk Management (ERM) is to ensure that Prudential has a comprehensive framework for understanding the risks embedded in and across its businesses, so that the company can manage these risks effectively, evaluate current and future risk challenges and opportunities, and enhance shareholder value.
An integral part of the ERM organization is the Model Risk Management Group (MRMG), which includes two teams: (1) Model Risk Management and (2) Model Risk Control Office. The primary objectives of MRMG are to effectively challenge, manage and mitigate model risks, and maintain model inventory, risk assessment and model control standards.

Primary Responsibilities

This position will be part of the Model Risk Management team, primarily responsible for independent model reviews and testing of models.

The incumbents level of experience and subject matter expertise will determine his or her level of leadership and involvement relative to the following responsibilities:
Support model review work including the following activities:
Research relevant regulatory frameworks, underlying products, assumptions and methodologies
Review model documentation, evaluate risks and propose review strategies
Perform model output analytics and might build independent challenger models and other analytical tools as needed
Create a comprehensive model review report
Be exposed to multiple lines of business and model types: pricing, financial reporting, capital, forecasting and others
Work closely with others, both inside and outside the team

This position may also help with the monitoring of model control standards, model risk assessments, and model issue remediation in partnership with the Model Risk Control Office.

Qualifications:

2 years of experience in Quantitative Finance or Investments
M.S. in Quantitative fields such as: Financial Engineering, or related fields like Mathematical Finance, Applied Mathematics, Financial Econometrics, Physics, or other Engineering. Graduate degree is preferred.
Excellent mathematical, analytical problem-solving skills.
Knowledge of valuation for financial derivatives, general knowledge of Asset Liability Management (ALM)
Strong technical skills, with hands-on experience in working environment of programming languages such as: Python, VBA. Experience with C++, Matlab, or any database is also preferred
Experience in model development, implementation and/or validation is a plus
Experience in financial services industry (bank, insurance company, hedge fund, etc.)
Strong communication (both written and oral) skills, including the ability to communicate complex issues to nontechnical persons
Ability to build strong relationships and collaborate with others

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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 staffingagencies@prudential.com 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 call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.

Please note that the above number and email are solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers@prudential.com to request assistance.