Executive Director, Fixed Income Quantitative Research

About the role

The Quantitative Modeling and Strategies (QMS) Group in PGIM Fixed Income is seeking an Executive Director to lead the research and development of portfolio construction and risk management models and tools. This group is a key part of the investment organization, contributing to portfolio construction, systematic strategies, fixed income relative value, and stochastic modeling. You will collaborate closely with portfolio managers, traders, risk management teams, structured finance research, and application development.

Responsibilities

• Engage with desk heads and portfolio/risk managers to understand business requirements.
• Provide thought leadership in portfolio construction and risk management.
• Create analytical solutions to meet business needs in a fixed income asset management environment.
• Develop a deep understanding of fixed income pricing models, curve fitting models, and structured solutions models.

Requirements

• 10+ years of experience in fixed income quantitative research (buy-side preferred).
• An advanced degree (PhD preferred) in a quantitative field (e.g., science, mathematics, finance, or engineering).
• Ability to think both strategically and tactically while proactively managing a diverse team.
• An entrepreneurial spirit with a hands-on management style, capable of building upon existing quantitative research capabilities and infrastructure.
• Ability to work closely with desk heads and portfolio managers, building strong relationships while maintaining intellectual independence.
• Proven experience leading the design of analytical solutions in a fixed income asset management environment.
• Ability to communicate complex concepts clearly, concisely, and logically.
• Familiarity with technology, data, and programming, and their impact on modeling approaches.
• Significant experience in portfolio construction models and/or systematic strategies, as well as risk management modeling in a fixed income context.
• Experience with at least three relevant asset classes, including but not limited to: interest rate products, futures, FX derivatives, investment grade (IG) and high yield (HY) corporates, CDX, TRS, MBS, CLOs, CMBS, ABS, and private credit.
• Experience in at least three relevant business areas, including but not limited to: stochastic modeling, statistical and data analysis, investment risk management, return and attribution modeling, asset allocation, portfolio construction, systematic strategies research, and investment/risk technology.
• Comfortable engaging with clients as a thought leader in global public and private fixed income investing.

Benefits

• Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision, life insurance, and disability insurance.
• Paid Time Off (PTO) and leave of absences, such as parental and military leave.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (beginning or end of the purchase period).
• Eligibility to participate in a discretionary annual incentive program (award depends on individual and organizational performance).

Some benefits may not apply to part-time employees scheduled to work less than 20 hours per week.