Middle Office Associate - Sr. Associate

PIMCO•Newport Beach, CA

2d•Onsite

About The Position

PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world’s largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns. Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients. JOB DESCRIPTION The Middle Office primary responsibility is management and governance over a key control environment that supports the day to day trade life cycle of the PIMCO Portfolio Management team. Middle Office team members will collaborate across internal functional teams: Portfolio Management, Trade Support, Legal & Compliance, Operations, Technology and State Street IMS (back office). In addition, the Middle Office will regularly engage with external parties such as broker dealers, custodian banks and third party trading platforms. Location: Newport Beach, CA

Requirements

Bachelor's degree from an accredited college/university and 3-5 years equivalent work experience in the investment management or securities industry; preferred Finance or Economics major
Technology skills, specifically Python, Microsoft Excel (programming), SQL
Able to work independently and as part of a team; intuitive and a quick learner
Thoughtful and ethical; demonstrates good judgment and strong decision-making skills
Excellent organizational and prioritization skills and attention to detail
Strong interpersonal and leadership skills; ability to network with various departmental personnel
Excellent written and verbal communication skills
Have a bias-to-action, results-oriented approach to work; willingness to do whatever it takes to help the team

Responsibilities

Harmonizing internal processes across Global Middle offices
Coordinating onboarding and managing access to relevant trading platforms and applications
Acting as liaison between the Middle Office and other internal groups in the launch of new processes and products; including gathering requirements, testing, and implementation of new and/or revised procedures
Researching and resolving daily inquiries from internal and external groups
Managing trade-related deadlines and acting as escalation point for the team
Monitoring sensitive trade settlements and act as escalation point to Statestreet IMS in Fails resolution
Utilizing technology to create efficiencies and improve processes to daily workflow
Developing and analyzing internal trade flow metrics and recommending process improvements
Achieving and maintaining operational excellence in adherence to internal policy and procedures

Benefits

PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and wellbeing of you and your family.
Benefits vary by location but may include:
Medical, dental, and vision coverage
Life insurance and travel coverage
401(k) (defined contribution) retirement savings, retirement plan, pension contribution from your first day of employment
Work/life programs such as flexible work arrangements, parental leave and support, employee assistance plan, commuter benefits, health club discounts, and educational/CFA certification reimbursement programs
Community involvement opportunities with The PIMCO Foundation in each PIMCO office
PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus.
Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors.
The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance.