Job Description

With over $450 billion in assets under management, the Chief Investment Office (CIO) is responsible for asset liability management (ALM), interest rate risk management, oversight and reporting on investment performance and related hedge management activities. The Chief Investment Office is a major strategic partner to many other departments across the enterprise and relies upon a collaborative culture to effectively create both micro and macro solutions to the most interesting challenges at Prudential. The CIO controls the management of the investment portfolios of Prudentials General Accounts through its U.S. and International Portfolio Management groups, Alternative Assets Group, Portfolio Strategy Group, Global Hedge Management team and ALM Strategy & Analytics unit.

The individual will be part of Global Hedge Management (GHM). GHM provides comprehensive hedging solutions and efficient trade execution across multiple hedge programs. The GHM Trade Desk executes all derivative and foreign exchange hedges as required by the General Account. The GHM team also delivers thought leadership on new product development, capital markets trends and trade execution technology. The team supplies analytics and guidance on derivative usage across the enterprise while highlighting key performance measures for its various hedge programs.

Global Hedge Management is looking for an individual to build out and develop credit hedging and structuring expertise. The successful candidate will become part of a dedicated team with specific responsibility for supporting a credit derivative hedge program. Additional expectations include but are not limited to the following:

* Collaboration with Portfolio Managers and Strategists to identify bespoke credit hedging opportunities
* Execution of credit-based hedges
* Development of capital markets expertise pertaining to credit derivatives
* Generation of trade and hedging ideas for the purpose of generating net investment income
* Creation of appropriate pricing models
* Collaborate with Investment Risk Management (IRM) on measurement of risk
* Participate in quarterly portfolio review with CIO and IRM

The candidate will report to the Head of Equity and Option Trading.

Qualifications

* Minimum of five years of relevant credit and/or capital market experience
* Prior history of managing and identifying credit risks in portfolios
* Familiarity with derivatives such as options, total return swaps, ETFs and CDX
* Experience working on a trade desk with prior experience executing derivative trades
* Credit oriented training or experience
* Proficient financial modeling skills, with experience evaluating structured credit transactions
* Candidates with Math / Engineering / Computer Science background preferred
* Masters, MBA and/or CFA degree desirable
* Strong Excel skills with a background in VBA and Python helpful
* Tech forward mindset
* Candidate should exhibit strong personal drive, individual initiative, a sense of urgency and willingness to take on increasing levels of responsibility

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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.