PGIM · 4 months ago
Associate, Model Risk
Newark, NJ, USA
Full-time
Hybrid
New Grad, Entry Level
$79K/yr - $117K/yr
0+ years expPGIM is a leading global investment management firm, and they are seeking an Associate, Model Risk to join their Model Risk Management Group. The role involves performing independent model reviews, researching regulatory frameworks, and evaluating risks while collaborating with a talented team.
Asset Management
Responsibilities
Research relevant regulatory frameworks, underlying products, assumptions and methodologies
Review model documentation, evaluate risks and propose review strategies
Perform modeling analytics and build independent challenger models and other analytical tools as needed
Clearly document review activities in a comprehensive model review report
Work closely with others, both inside and outside the MRMG
Qualification
Required
0-2 years of working experience in Quantitative Finance or Financial Engineering
B.S in quantitative fields such as Financial Engineering, Mathematical Finance, Applied Mathematics, Actuarial Science, Financial Econometrics, Physics, or other Engineering. A graduate degree is preferred
Excellent mathematical and analytical problem-solving skills
Strong knowledge of valuation for financial derivatives such as options, IR Swap, Swaption, Futures, and general knowledge of Asset Liability Management (ALM) for insurance products
Strong technical skills, with hands-on experience in programming languages such as Python and VBA
Strong communication skills, both written and oral, including the ability to communicate complex issues to non-technical persons
Ability to build strong relationships and collaborate with others
Preferred
Experience with C++, MATLAB, or any database
Experience in model development, implementation, and/or validation
Strong knowledge of AI/ML algorithms or experience in developing data science models
Experience in the financial services industry (bank, insurance company, hedge fund, etc.)
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.
Company
PGIM
PGIM is a money manager whose clients rely on their risk management expertise, intellectual capital, and innovative solutions. It is a sub-organization of Prudential Financial.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Jakob Wilhelmus
Director, Thematic Research
Recent News
Private Banker International
2026-01-16
2026-01-16
2026-01-16
Company data provided by crunchbase