PGIM Quantitative Solutions, Sr Investment Associate, Implementation Researcher

Senior Associate, Quantitative Equity Implementation Research

PGIM Quantitative Solutions is seeking a talented and driven Senior Associate to join our Quantitative Equity Implementation Research team. This team plays a critical role in the success of PGIM Quantitative Equity, which is powered by the firm's cutting-edge capabilities in quantitative portfolio construction and execution. The implementation research team is responsible for researching, developing, and implementing the algorithms that drive these capabilities.

What you can expect:

• Design, maintain, and enhance portfolio optimization models to support equity investment strategies.
• Research and model transaction costs to improve implementation efficiency and portfolio outcomes.
• Work closely with trading desk to analyze executions, update cost models and improve the trading process for client portfolios.
• Evaluate and integrate academic and practitioner research into portfolio construction and optimization processes.
• Collaborate with portfolio managers and investment professionals to translate quantitative insights into actionable strategies.
• Communicate complex quantitative findings clearly to both technical and non-technical stakeholders.
• Contribute to the continuous improvement of investment processes through innovation and empirical research.

What you will bring:

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Computer Science, or a related STEM field.
• Relevant experience in quantitative finance, portfolio management, or a related field.
• Proficiency in Python.
• Strong practical experience with empirical research techniques.
• Demonstrated ability to manage and analyze large datasets effectively.
• Familiarity with portfolio optimization techniques and trade cost analysis.
• Ability to critically evaluate and apply academic and practitioner research.
• Excellent communication skills with a proven ability to explain complex concepts clearly.
• Self-starter with strong problem-solving skills, creativity, and initiative.

What will set you apart:

• Master's degree
• Experience with additional programming languages or tools (e.g., AMPL, CPLEX, GUROBI) is a plus.
• Able to work in a team environment while taking individual responsibility for the quality and accuracy of his/her work.
• Excellent time management skills; work efficiently under the pressure of deadlines.

PGIM believes in the Power of a Hybrid work arrangement. The Power of Hybrid is both the flexibility of work from home, as well as the networking and career development of in-person work with colleagues through weekly anchor day(s). This position will work a hybrid schedule in our Newark, NJ office.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The base salary range for this role is from $150,000.00 to $170,000.00. 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.

About PGIM Quantitative Solutions Group Our Business: PGIM Quantitative Solutions is the quantitative, multi-asset and liquid alternatives specialist of PGIM. For more than 45 years, PGIM Quant Solutions has helped investors around the world solve their unique needs by leveraging the power of technology and data as well as advanced academic research. PGIM Quant Solutions manages portfolios across equities, multi-asset and liquid alternatives and offers defined contribution solutions.