Model Risk Associate (Hybrid) (Finance)

Job Classification:
Corporate - Risk

Are you a technical, risk-minded individual? Do you enjoy solving financial problems? We are seeking a Model Risk Associate, to be responsible for independent model reviews and testing of the models. The primary objectives of the Model Risk Management Group (MRMG) within Enterprise Risk are to effectively challenge, manage and mitigate model risks, and maintain model inventory, risk assessment and model control standards. We enable intelligent management decisions to help drive exceptional business, customer, and financial outcomes over the long term.

What you'll do:

• Research relevant regulatory frameworks, underlying products, assumptions and methodologies.
• Review model documentation, evaluate risks and propose review strategies.
• Perform modeling analytics and might build independent challenger models and other analytical tools as needed.
• Be exposed to multiple lines of business and model types: pricing, financial reporting, capital, forecasting and others.
• Parner closely with others, both inside and outside the team.
• Help with the monitoring of model control standards, model risk assessments, and model issue remediation in partnership with the Model Risk Control Office.

What you'll need:

• Bachelor's in a quantitative field such as Financial Engineering, Mathematical Finance, Applied Mathematics, Actuarial Finance, 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.
• Experience in the financial services industry (bank, insurance company, hedge fund, etc.).
• 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.
• Teamwork, adaptability, and problem-solving abilities.

It be a plus if you had:

• 2+ years of working experience in Quantitative Finance or Financial Engineering.
• A Master's degree in a quantitative field.
• Experience in model development, implementation, and/or validation.
• Experience with C++, Matlab, or any database.
• Knowledge of AI/ML algorithms or experience in developing data science models.

What we offer you:

Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $92,400.00 to $137,400.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

• 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.

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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

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, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.

If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com .

If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance .