Investment Associate, Global Hedge Management (Finance)

Job Classification:

Investment Management - Investments

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world's leading financial services institutions!

The Chief Investment Office manages $516 billion in assets and is responsible for asset/liability management, risk management, oversight and reporting on product investment margin and related capital markets hedging activities. CIO is primarily focused on the construction of well-diversified investment portfolios to protect the Company's invested capital and pricing margins. These portfolios consist of cash market securities and derivative instruments, the latter of which are used to hedge the insurance liabilities underwritten by the Company.

The individual will be part of the Global Portfolio Liquidity Management team of Global Hedge Management (GHM) within the Chief Investment Office. GHM is responsible for derivatives strategy and execution for all of Prudential's proprietary assets and collateral. The team utilizes its deep capital markets experience, risk management expertise and proprietary models to provide comprehensive hedging solutions, efficient trade execution, collateral management, and investment thought leadership.

This position will report to an Investment Vice President and provide critical, hands-on support for the General Account's liquidity and collateral frameworks as well as research, design and implementation of collateral optimization strategies which will drive profitability across investment portfolios. In addition, the role will enhance management playbooks which inform funding decisions, and support analysis of contingent funding structures. This position will also provide the incumbent the opportunity to develop portfolio management skills, and related market and asset class knowledge.

The current employee work arrangement for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

What you can expect:
This position requires an individual with strong analytical, problem solving, organizational, and technical writing skills. The prospective candidate must be a self-starter with independent problem-solving skills, and possess the ability to work in a dynamic, fast-paced environment.

The candidate will become part of a team that provides subject matter expertise to Enterprise-wide stakeholders, including Global Portfolio Management, Enterprise Risk Management, Finance & Actuarial Community, Treasurer's Department, and PGIM. Specific expectations of this individual include, but are not limited to:

• Provide critical support of the Enterprise-wide Collateral Management project by implementing new governance policies and improving cost matrices and scenarios to maximize collateral capacity, minimize impacts to the spread lending programs, and drive profitability
• Manage ongoing enhancements and new releases in the Transcend collateral optimization tool
• Run time-sensitive “what-if” analytics to identify collateral depletion points and capacity for internal and external structures
• Perform time-sensitive analysis for high-impact requests from business partners, such as proforma impact analysis of large Enterprise transactions
• Support intra-day funding decisions to advise business partners on necessary portfolio actions, including portfolio managers, trade desk, operations, PGIM, and Treasury
• Drive profitability by tracking collateral optimization benefits / performance and support the development of yield enhancement strategies
• Identify ways to amend Internal and External CSA criteria / haircuts to increase collateral capacity
• Monitor collateral and liquidity resources / risks across various portfolios and legal entities
• Data consolidation, manipulation, and visualization to prepare insights and recommendations for Enterprise Task Force, Committees, and other forums
• Manage “special projects” on cross portfolio initiatives, such as analyzing new asset classes and investment strategies

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What you'll need:

• 5-7 years of investment related experience is required
• Bachelor's Degree required
• Strong quantitative and analytical skills, advanced Excel acumen required
• The ideal candidate is motivated, confident, enjoys being challenged and works well individually and in a team-based environment.
• Strong communication and collaboration skills required; as well ability to problem solve and explain solutions and outcomes (both oral and written)

   

It'd be a plus if you had:

• Preferred candidates will have or working towards a CFA designation or MB
• Tech-forward mindset; Tableau/Power BI beneficial
• Background in the area(s) of Risk Management, Finance, Capital Management, Investment Management, Credit or Actuarial beneficial but not required

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $125,000 to $140,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

What we offer you:

• Market competitive base salaries, with a yearly bonus potential at every level.