Job Classification:
Investment Management - Investments
Prudential: 2025 Corporate, Chief Investment Office (CIO) Analyst Program
Location(s):
Newark, NJ; (Hybrid)
Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.5 trillion in assets under management as of March 31, 2024, has operations in the United States, Asia, Europe, and Latin America. Prudentials diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudentials iconic Rock symbol has stood for strength, stability, expertise, and innovation for nearly 150 years. For more information, please visit
news.prudential.com
Are you looking for a career that helps you apply your love of capital markets, data analysis, and investments to inform business strategy and work with diverse teams on challenging projects? Are you interested in being a part of an exciting program that is focused on developing technical and professional skills while collaborating alongside leaders in the investment community? If you are results driven, have a passion for working with numbers, and are deeply technical and highly innovative, then Prudentials Chief Investment Office (CIO) Analyst Program is the role for you!
The Chief Investment Office (CIO) is a major strategic partner to many other departments across the enterprise and relies upon a collaborative culture to effectively create both micro and macro solutions to the most interesting challenges at Prudential. With over $400 billion in assets under management as of 12/31/2022, the CIO is responsible for asset/liability (ALM) management, interest rate risk management, oversight and reporting on product investment margin performance and related hedge management activities. The CIO controls the management of the investment portfolios of Prudentials General Accounts through its Alternative Assets Group and Global Hedge Management team within Prudential Select Strategies LLC, an SEC registered investment adviser, and its U.S. and International Portfolio groups, and Global Investment Strategy team.
Timeline:
We review applications on a rolling basis, and we encourage you to apply as soon as you are ready. All fall applications will close on or by Friday, October 4th, 2024, at midnight ET. We reserve the right to close applications early due to volume or role(s) being filled.
Applications for PGIM Investment Professional roles are open as of July 1st. All other businesses will open on August 2nd. To ensure you are considered for the opportunities you want most, you are only able to apply to 3 positions per recruitment season.
Your Day to Day:
The CIO Analyst Program is a three-year, entry-level role within the Chief Investment Office. Our program provides exposure to multiple pockets of a dynamic organization while creating the opportunity for success and recognition through substantial and long-term business impact.
Placements will vary across the business, some experiences within our CIO Analyst Program could include:
Alternative Assets Team within Prudential Select Strategies (PSS) Prudential Select Strategies LLC is a registered investment adviser that originates, underwrites, and manages a diversified portfolio of fund investments to maximize risk-adjusted return on required capital. The Alternative Assets Team within Prudential Select Strategies is organized into the following asset classes and teams: Private Equity, Hedge Funds, Real Assets, Manager of Managers, Operational Due Diligence, and Risk Management.
Global Hedge Management (GHM) GHM provides comprehensive hedging solutions and efficient trade execution. The team utilizes its capital markets acumen and liability knowledge to implement and manage multiple hedge programs for the CIO. Some of GHMs responsibilities include Trading & Hedge Management, Hedge Strategy, Marketing & Production Development, and Managerial Analytics.
U.S. Portfolio Management (USPM) The U.S. Portfolio Management (USPM) group is the portfolio manager responsible for managing Prudentials proprietary U.S. investment portfolios. USPM develops asset-liability management-oriented portfolio strategies that include target levels of interest rate exposure and asset allocation among various public and private fixed income sectors and alternative assets. USPM implements these portfolio strategies by selecting, directing, and overseeing asset managers with scale and demonstrated expertise in the management of specific asset classes.
International Portfolio Management (IPM) (IPM) is the portfolio manager responsible for managing Prudentials proprietary international investment portfolios. IPM develops asset-liability management-oriented portfolio strategies that include target levels of interest rate exposure and asset allocation among various public and private fixed income sectors and alternative assets. IPM implement these portfolio strategies by selecting, directing, and overseeing asset managers with scale and demonstrated expertise in the management of specific asset classes.
Global Investment Strategy (GIS) The GIS group is responsible for the broad investment strategy and portfolio management across the varying legal entities and portfolios. The development of the enterprise investment strategy includes key inputs such as market and strategic initiatives, ALM strategy and analytics as well as credit risk portfolio management. In addition, the flexibility of the non-AOI portfolios allows implementation of total rate of return strategies to significantly enhance economic value.
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Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity