Quantitative Research Analyst

PIMCO•Newport Beach, CA

16d

About The Position

We are seeking a quantitative researcher to join the Portfolio Management Analytics team based in Newport Beach. The PIMCO Analytics team is dedicated to developing cutting-edge analytical tools that enhance portfolio management decision-making and establish a best in class risk analytics framework for the firm. In this role, you will have the opportunity to conduct research and develop sophisticated risk analytics models for fixed income securities as well as interest rate, FX, and equity derivatives. You will also contribute to the development and enhancement of PIMCO's comprehensive portfolio risk and attribution framework, providing insights that inform investment decisions and portfolio construction. Your responsibilities will include developing pricing models to assess risk, analyzing historical returns, analyzing portfolio risk factor models and their tail risk behavior, and identifying drivers of return across a diverse range of portfolios managed by PIMCO. You will collaborate closely with Portfolio Managers and the Risk Team to leverage the Analytics investment toolkit, delivering insights that support investment decision-making. The ideal candidate will possess strong mathematical modeling skills, empirical research experience, and proficiency in programming. Additionally, you should be able to communicate complex technical concepts clearly and effectively to senior management and portfolio managers. If you are passionate about quantitative research and eager to make a significant impact in the field of portfolio management, we encourage you to apply.

Requirements

Master’s degree in a quantitative discipline (mathematics, engineering, econometrics, physics); PhD degree preferred
0-2 years of experience in a quantitative analytics role within a trading environment or experience applying advanced quantitative techniques to solve highly complex, data-intensive problems
Strong quantitative skills, specifically financial mathematics, probability, and statistics
Strong programming skills and numerical problem solving techniques; proficiency with Python; C++ is a plus
General understanding of fixed income market, quantitative risk analytics and portfolio construction
Ethical, collaborative, organized, flexible, high energy, self-starter, accountable, humble

Nice To Haves

Formal training in econometrics or stochastic differential equations is desired, particularly in time series analysis, option theory, numerical methods, and optimization techniques

Responsibilities

developing pricing models to assess risk
analyzing historical returns
analyzing portfolio risk factor models and their tail risk behavior
identifying drivers of return across a diverse range of portfolios managed by PIMCO
collaborating closely with Portfolio Managers and the Risk Team to leverage the Analytics investment toolkit, delivering insights that support investment decision-making

Benefits

PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and wellbeing of you and your family. These benefits include medical, dental and vision coverage from your first day of employment.
401k Savings and Retirement Plan
Work/Life Programs such as Flexible Work Arrangements, Parental Leave & Support, Employee Assistance Plan, 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.

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