Probabilistic Risk Analysis Engineer Jobs in New York

PGIM Credit is a leading $1.2 trillion global asset manager spanning public and private credit markets. Our Investment Risk Management team plays a critical role in overseeing risk positioning across more than 600 client portfolios, partnering closely with investment professionals to deliver disciplined, data‑driven decision‑making.

This hybrid role is based in Newark, NJ, and requires working on‑site three times a week. You will work at the intersection of portfolio management, trading, and quantitative analytics, helping shape and monitor risk budgets, advising on portfolio positioning, and enhancing PGIM Credit’s proprietary risk platform.

• Provide independent support for all aspects of the risk management function, including daily oversight of portfolio risk positioning, engagement with portfolio managers, review and sign‑off of risk‑related elements of client guidelines, risk budgeting, addressing client inquiries, and responding to ad‑hoc internal and external risk analysis requests.
• Attend and participate in internal portfolio management and strategy review meetings to represent the risk management function and stay current on market developments, sector views and trading strategies.
• Contribute to the analysis of risk drivers, performance attribution, scenario analysis, and portfolio construction.
• Engage in asset allocation and risk optimization analysis to support product development initiatives.
• Assist in reviewing risk‑related elements of client guidelines to identify constraints that influence portfolio construction, internal alpha targets, and risk budgets.
• Coordinate with client advisors to negotiate acceptable resolutions.
• Partner with the Quantitative Modeling and Strategies (QMS) team and systems group to design, test, implement, and document enhancements to our proprietary internal risk analytics and systems.
• Communicate the impact of proposed changes on portfolio risk to affected trading desks.
• Coordinate with associates in Investment Risk and QMS to prepare responses to due diligence questionnaires, requests for proposals, and ad‑hoc client inquiries related to our Investment Risk Management Framework.
• Support the team with client and portfolio onboarding and ongoing account maintenance, coordinating with Client Advisors, Client Onboarding, Compliance, Portfolio Analysts, and Portfolio Managers.
• Meet with clients and prospective clients to present our internal risk management framework and answer questions about PGIM Credit’s risk management philosophy.
• Prepare documentation and presentation materials for internal and client use that explain aspects of our proprietary risk framework and analytics.

• Minimum of 7 years of relevant experience, ideally in investment risk, portfolio analytics, or fixed‑income investing, with direct exposure to portfolio construction, positioning, and risk management.
• Bachelor’s degree in Finance, Economics, Mathematics, Business, Data Analytics, Engineering, or a related field.
• Demonstrated competence with statistical, quantitative, and technical aspects of fixed‑income markets.
• Experience with at least three fixed‑income asset classes, including interest‑rate products, futures, FX derivatives, government debt, investment‑grade corporates, high‑yield, bank loans, emerging markets, structured products, and private credit.
• Extensive experience with MSExcel, Python, SQL, and other data‑analysis or modeling tools with the ability to work effectively with large datasets.
• Clear, professional communication skills, including strong listening, verbal, and written abilities.
• Strong interpersonal skills and experience interacting with senior management, investment professionals, and clients.
• Exceptional organizational and project‑management skills, with the ability to manage multiple competing priorities within defined timelines, both independently and in a team setting.

• Buy‑side fixed‑income experience working directly with portfolios is strongly preferred.
• Master’s degree, CFA, or other graduate‑level credential (or progress toward one).

Base salary range: $170,000–$180,000. Specific pricing may vary within the range based on location, experience, and skills. Eligibility for a discretionary annual incentive program is subject to program rules, and an award, if any, depends on individual and organizational performance.

• Market‑competitive base salaries with yearly bonus potential at every level.
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absence (e.g., parental, military).
• 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 covering parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to finance traditional college enrollment toward an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan—shares purchased at 85% of the lower of the two purchase‑period prices after one year of service.
• Eligibility for discretionary annual incentive program as described above.

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, genetics, 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.