Managing Director, PGIM Credit, Head of Quantitative Modeling and Strategy

Job Classification

Investment Management - Investments

The Quantitative Modeling and Strategies (QMS) Group in PGIM Fixed Income is looking to add a Managing Director to oversee the research and development of portfolio construction and risk management models and tools.

The group is an integral part of the investment organization, contributing to areas such as portfolio construction, systematic strategies, fixed income relative value and stochastic modeling.

We work closely with portfolio managers and traders as well as with colleagues in risk management, structured finance research, and application development.

• Manage and lead a global team of quantitative professionals.
• Engage with desk heads and portfolio/risk managers to understand business requirements.
• Provide thought leadership in portfolio construction and risk management.
• Lead the design of 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.

• 15+ 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).
• Strong management experience leading teams of both senior and junior professionals, with a proven track record of developing and mentoring others.
• 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 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 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.

• 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 per year for reimbursement of personal wellbeing items.
• Work/life resources supporting 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 accredited degree and many 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.
• Eligibility to participate in a discretionary annual incentive program subject to program rules.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, genetic status, marital status, age, veteran status, domestic partner status, medical condition, or any other characteristic protected by law.