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2020 Chief Investment Office (CIO) Summer Investment Analyst

Learn more about Prudential
Prudential

Prudential

2020 Chief Investment Office (CIO) Summer Investment Analyst

Newark, NJ
Internship
Paid
  • Responsibilities

    Your Impact

    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 internship 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 Prudential’s Chief Investment Office (CIO) Internship 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 the CIO is responsible for asset/liability 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 Prudential’s General Accounts through its Global Portfolio Management group, Alternative Assets Group, Portfolio Strategy Group, Global Hedge Management team and ALM Strategy & Analytics unit.

    Job Responsibilities:

    The 10-week Internship Program will provide you with valuable professional and personal development experiences, as you may find yourself working on:

    • Financial modeling with a focus on asset and liability modeling, including scenario analysis
    • Developing and implementing investment strategies, hedging strategies and asset allocations
    • Evaluating comprehensive hedging solutions and supporting efficient trade execution
    • Analyzing portfolio performance compared to benchmarks
    • Collaborating across the enterprise with business units, PGIM, and corporate functional partners

    Available opportunities will vary and could include the following placements:

    • ALM Strategy & Analytics – Be part of the team responsible for research and development of tools for ALM analysis, strategy decision, and management reporting in addition to maintaining liability valuation and attribution models
    • Global Hedge Management – Be part of a team that provides comprehensive hedging solutions and efficient trade execution across multiple hedge programs for CIO by developing and utilizing capital markets acumen and liability knowledge
    • Global Portfolio Management – Be part of a team responsible for ALM, including portfolio construction and asset allocation for Prudential’s global insurance portfolios
    • Portfolio Strategy Group – Be part of a team that works closely with portfolio strategists and managers, asset management units, the Alternative Assets Group, Impact Investments, ALM Strategy & Analytics, as well as corporate functions to implement portfolio initiatives and relative value analysis, analyze portfolio performance, and lead the development of policies

    Additional Program Highlights:

    • Highly competitive compensation & sign on-bonus stipends. Compensation is commensurate with experience and all placements are in our Newark, NJ headquarters.
    • New networks and new friends await! Social activities and networking events with fellow CIO interns and other interns across Prudential. The CIO Internship program is one piece of a much larger enterprise-wide program that is made up of over 300 interns across the US.
    • As an intern, you will be paired with a mentor from the Chief Investment Office group. He/she will be there to help guide you along your journey throughout your summer experience.
    • The goal of this program is to identify top talent for our selective full-time CIO Analyst Program. The full-time program is three years in length and focuses on grooming future leaders for Prudential.
  • Qualifications
    • Candidates must be enrolled in an accredited bachelor’s program graduating between December 2020 and May 2022
    • Preferred majors include highly quantitative disciplines such as mathematics, engineering, economics, computer science, finance, actuarial sciences or a similarly quantitative subject area.
    • Minimum 3.2 GPA required
    • Strong written, oral communication, and interpersonal skills
    • Advanced proficiency in Excel
    • Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration

    Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Our businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

    Our Process:

    1. Submit your application and digital introduction – You only need to complete one digital introduction once per recruiting season even if you apply for multiple early talent roles.
    2. Participate in a digital first round interview – You may be invited to complete a digital first round interview, with 2 – 3 questions to showcase skills and experience relevant for the role.
    3. Join us at Prudential for final round interviews – If selected, you’ll join us at Prudential for final round interviews to learn more about our business, culture and the early talent opportunities available across our organization.

    For 2020 early talent roles, our process is designed to help you learn more about Prudential and share your story with us. Digital interviewing allows greater flexibility, enables a quicker interview process, allows us to meet more candidates and share your story with more members of your team.

    Timeline:

    We review applications on a rolling basis and we encourage you to apply as soon as you are ready. Our goal is to notify you of your status within 2 weeks after each application period concludes.

    Application Periods:

    • Period 1: July 15, 2019 to August 15, 2019
    • Period 2: August 15, 2019 to September 9, 2019
    • Period 3: September 9, 2019 to September 22, 2019

    All applications should be fully completed by September 22nd, 2019

    © 2019. Prudential Financial, Inc. Prudential is an equal opportunity employer (disability/veterans). EEO is the law.

  • Industry
    Financial Services
  • About Us
    This is one of the most exciting times in our history. We recently realigned our U.S. business strategy and launched company-wide initiatives to transform how we work and how we serve more than 30 million customers. We’re bringing a customer obsessed, fully inclusive, outcomes driven, risk smart and tech forward approach to everything we do. Across Prudential, you will have the opportunity to learn from talented professionals, work on exciting projects and make an impact.