PGIM - Director, Investment Risk

About the role

PGIM Credit is a leading $1.2 trillion global asset manager spanning public and private credit markets. Our Investment Risk Management team plays a critical role in overseeing risk positioning across more than 600 client portfolios, partnering closely with investment professionals to deliver disciplined, data-driven decision-making.

Responsibilities

• Provide independent support to all aspects of the risk management function, including daily oversight of portfolio risk positioning, engagement with portfolio managers to address risk issues, review and sign-off of risk-related elements of client guidelines, risk budgeting, addressing client inquiries, and responding to ad-hoc internal and external requests for risk analysis.
• Attend and participate in internal portfolio management and strategy review meetings to represent the risk management function and stay current on market developments, sector views and trading strategies.
• Contribute to the analysis of risk drivers, performance attribution, scenario analysis, and portfolio construction.
• Engage in asset allocation and risk optimization analysis to support product development initiatives.
• Affiliate with Quantitative Modeling and Strategies (QMS) and the systems group to design, test, implement, and document enhancements to our proprietary internal risk analytics and systems.
• Communicate the impact of proposed changes on portfolio risk to the affected trading desks.
• Coordinate with associates in Investment Risk and QMS to prepare responses to due diligence questionnaires, requests for proposals, and ad-hoc inquiries from clients and prospects related to our Investment Risk Management Framework.
• Support the team with client and portfolio onboarding and ongoing account maintenance, coordinating as needed with Client Advisors, Client Onboarding, Compliance, Portfolio Analysts, and Portfolio Managers.
• Meet with clients and prospective clients to present our internal risk management framework and answer questions related to PGIM Credit’s risk management philosophy.
• Prepare documentation and presentation materials for internal and client use that explain various aspects of our proprietary risk framework and analytics.

Requirements

• Minimum of 7 years of relevant experience, ideally in investment risk, portfolio analytics, or fixed income investing, with direct exposure to portfolio construction, positioning, and risk management.
• Bachelor’s degree, preferably with concentration(s) in Finance, Economics, Mathematics, Business, Data Analytics or Engineering.
• Demonstrated competence with statistical, quantitative and technical aspects of fixed income markets.
• Extensive experience with MS Excel, Python, SQL and other data analysis or modeling tools with the ability to work effectively with large datasets.

Qualifications

• Clear, professional communication skills, including strong listening, verbal and written abilities.
• Strong interpersonal skills and experience with interacting with senior management, investment professionals and clients.
• Exceptional organizational and project management skills, with the ability to manage multiple and at times competing priorities within defined timelines, both independently and in a team setting.

Skills

• Buy-side fixed income experience working directly with portfolios strongly preferred.
• Master’s degree, CFA, or other graduate-level credential (or progress toward one).

Benefits

• Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision, life insurance, 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), after one year of service.

Pay

The base salary range for this role is from $170,000 to $180,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

Schedule

This is a hybrid role based in Newark, NJ, where the team is working on-site 3 times a week.