Associate, Model Risk
HybridLife Annuity OtherAsset-Liability ManagementPredictive Modelling & ML
Role Summary
Loading...HIGHLIGHTS
Entry-level model risk associate role in Prudential's Enterprise Risk Management, based in Newark, NJ (hybrid). You will perform independent model reviews, build challenger models, and evaluate model risk across life insurance products, ALM and valuation frameworks. The role is open to candidates with actuarial or quantitative finance backgrounds and requires strong programming skills (Python, VBA).
JOB DESCRIPTION SUMMARY
- Perform independent model reviews and document findings
- Build challenger models and analytical tools for life products
- Focus on ALM and valuation of financial derivatives
- Hands-on programming in Python and VBA
- Hybrid role based in Newark, NJ; 0–2 years experience
DOMAIN EXPERTISE
- Knowledge of life insurance products and actuarial models
- Valuation of financial derivatives (options, swaps, swaptions)
- Asset Liability Management (ALM) for insurance products
KEY REQUIREMENTS
- 0–2 years of quantitative finance, financial engineering, or actuarial experience
- Strong knowledge of life insurance products and actuarial models
- B.S. in a quantitative field (graduate degree preferred)
- Hands-on experience with Python and VBA
- Strong knowledge of valuation for derivatives and ALM
TECH STACK
- No tech stack specified