Prudential Financial · 2 weeks ago
Associate, Model Risk
Newark, NJ
Full-time
Hybrid
New Grad, Entry Level
$79K/yr - $117K/yr
0+ years expPrudential Financial is focused on enabling intelligent management decisions to drive exceptional business outcomes. They are seeking two Associates for their Model Risk Management Group to perform independent model reviews and manage model risks across the enterprise.
Asset ManagementFinanceFinancial ExchangesFinancial ServicesHealth CareInsuranceRetirement
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, or Actuarial Science
Strong knowledge of life insurance products, actuarial functions and models
B.S in quantitative fields such as Financial Engineering, Mathematical Finance, Applied Mathematics, Actuarial Science, Financial Econometrics, Physics, or other Engineering
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
A graduate degree is preferred
Experience with C++, MATLAB, or any database is also preferred
Experience in model development, implementation, and/or validation is a plus
Strong knowledge of AI/ML algorithms or experience in developing data science models is a plus
Experience in the financial services industry (bank, insurance company, hedge fund, etc.)
Benefits
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
Prudential Financial
Prudential Financial specializes in the fields of investment management, life insurance, and retirement benefits. It is a sub-organization of Prudential Financial.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$1.25BKey Investors
AM Best
2025-03-13Post Ipo Debt· $750M
2024-02-14Post Ipo Debt· $500M
2001-12-13IPO
Leadership Team
Andrew Sullivan
Chief Executive Officer
Yanela Frias
Executive Vice President & Chief Financial Officer
Recent News
Channel NewsAsia
2026-01-19
2026-01-03
MarketScreener
2025-12-18
Company data provided by crunchbase