27 days old

Chief Investment Office - Portfolio Strategist - Senior Vice President - GPM00029

Newark, NJ
  • Job Code
Primary Location United States-New Jersey-Newark (NJ)

The Chief Investment Office (CIO) organization is responsible for the management of domestic and international insurance investment portfolios of Prudential Financial Inc and affiliates. The team is responsible for the strategic and tactical asset allocation of the overall portfolios, relative value assessments, researching and developing investment opportunities as well as the active portfolio risk management for the insurance portfolios. 

The Portfolio Strategist will be responsible for the overall strategic and tactical asset allocation of the $475 bn General Account, researching investment opportunities or trading strategies, supporting market assumption research and engaging with internal and external asset managers on executing investment strategy. This includes serving as liaison with asset managers, segment CIOs and portfolio managers, as well as other corporate constituents such as Global Hedge Management, Enterprise Risk Management, Treasury, Tax, Finance and Actuarial. 

The Portfolio Strategist will contribute to the CIO offices role of supporting the business segments by demonstrating a deep understanding of different product liability structures and asset liability management, developing strategic and tactical asset allocations, utilizing the PGIM asset origination capabilities and consistently applying a disciplined risk management framework. The General Account portfolios are broadly diversified across asset classes, industry sectors, geographic regions, and issuers and are invested primarily in fixed income, real estate and equity. The unique liability mix supported by the portfolios result in an extensive mix of investment and asset liability challenges. 


This role reports to the Managing Director, Head of Portfolio Strategy Group.

The Portfolio Strategist will work closely with the segment CIOs, portfolio managers and asset managers to direct and manage asset managers to facilitate meeting portfolio and business objectives.

In performing this role, the Portfolio Strategist will operate under the guidelines and limits set by Prudentials Senior Asset Liability Committee (ALCO), The Investment Committee of the Board as well as the business unit objectives. 


Engage with CIO partners to develop the Strategic Asset Allocation

Identifying and facilitate the execution of relevant Tactical Asset Allocation opportunities

Collaborating with asset managers and managing related performance to outperform assigned benchmarks

Assessing asset manager performance versus the market and peers, making changes or reallocations as needed

Lead the CIO Relative Value Strategy forums which involve participation by chief economists and asset class specialists from investment banks and asset management firms, as well as PGIMs internal strategists.

Provide oversight and coordinate of key CIO activities including investment forecast, facilitates quarterly portfolio reporting by PGIM asset managers and provide portfolio and market content.


10-15 years of relevant portfolio management experience with large portfolios

Deep capital markets knowledge with experience in managing a variety of asset classes including fixed income, real estate and equity

Experience with managing third party asset managers and benchmarking performance

Experience managing asset allocation processes, portfolio construction, and tactical investment strategy development

Working knowledge of asset liability management and varying liability structures

Strong communicator, coordinator and thought partner; comfortable and effective partnering with senior level executive team

Excellent project management skills Strong management and leadership experience

Preferred candidates would have a CFA designation and/or MBA.

@!*!Prudential is a multinational financial services leader with operations in the United States Asia Europe and Latin America. Leveraging its heritage of life insurance and asset management expertise Prudential is focused on helping individual and institutional customers grow and protect their wealth. The companys well-known Rock symbol is an icon of strength stability expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services including life insurance annuities retirement-related services mutual funds asset management and real estate services. For more information please visit www.prudential.com.

Prudential is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.
Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.
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Posted: 2020-09-25 Expires: 2020-10-25

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Chief Investment Office - Portfolio Strategist - Senior Vice President - GPM00029

Newark, NJ

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