LGBT Great
Pricing Operations, Senior Associate/Specialist
LGBT Great, California, Missouri, United States, 65018
Pricing Operations, Senior Associate/Specialist
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 worlds 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. Position Description: The Pricing Team is responsible for the day-to-day implementation of PIMCOs Pricing Policy which describes the procedures and responsibilities related to the valuing of securities and other assets held in client portfolios, including registered funds, private funds, and separate accounts. The Pricing Teams primary responsibility is the daily pricing of all the different asset types that PIMCO trades, including fixed income products like corporate bonds, municipal bonds, CMOs, and ABS, as well as complex derivatives related to swaps, options, FX, equities. To fulfill this responsibility, the team performs pricing accuracy testing, vendor comparisons, anomaly detection, price move research, and risk control functions to ensure that PIMCOs assets are priced accurately and timely. The team primarily utilizes data from pricing vendors, including ICE Data Services, Bloomberg (BVAL), PricingDirect (PDI), S&P Global (Markit), and LSEG Data & Analytics (Refinitiv), among others, and interacts closely with these vendors on pricing challenges/inquiries, market updates, and technical support. The Pricing Team interacts with many different internal and external teams, having to respond to a high volume of inquiries, including communicating with PIMCOs Portfolio Managers to gain market insights/color and to help resolve pricing discrepancies. Other teams include the Valuation Team on Alternative Assets, Legal/Compliance, Risk/Analytics/Performance teams, Account Managers, Auditors, Clients, Fund Treasury team, Custodian Banks/Fund Admins, Index/Benchmark team, Asset Set Up/Security Master, Due Diligence/Enterprise risk teams, our back office service provider, and Technology teams. In addition to conducting its daily operations related to pricing, the Pricing Team regularly presents valuation matters to the Pricing Committee and related Sub-Committees, as well as presenting to the Valuation Oversight Committees related to PIMCOs 40 Act Fund Boards. Core Responsibilities: Daily security price validation by researching and resolving discrepancies as it relates to fixed income, derivatives, equity, ETF, FX, and commodity prices Monitor, execute, enhance, and create new daily price quality assurance checks Answer pricing related inquiries from internal and external stakeholders Pricing related incident and error review analysis Create new and enhance existing workflows related to pricing responsibilities Write business requirements for the technology teams to enhance our pricing applications Position Requirements: Minimum of a Bachelors Degree, preferably in Economics or Finance; MBA/CFA or in program is a plus 3+ years of professional work experience within the financial services industry Experience with pricing vendors, PM/trading desk engagement, Bloomberg terminal, fixed income and derivative products are required Familiarity with basic fixed income products is recommended, but experience with complex derivatives (e.g. caps/floors, commodity index swaps/forwards, FX options/swaps, forward rate agreements, interest rate swaps/swaptions, total return swaps) is strongly preferred. Strong technology skills, including proficiency in SQL, Python, and MS Excel Excellent communication skills and the ability to work well in a team environment This role is based onsite in Newport Beach, CA. The level of hire will range from Senior Associate to Specialist and will depend on years of experience. Compensation will reflect the level of hire. 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. Salary Range: $ 100,000.00 - $ 135,000.00 Equal Employment Opportunity and Affirmative Action Statement PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws. Applicants with Disabilities PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days. We believe that active management is the responsible way to invest our clients' assets in fixed income. For 50 years, we have worked relentlessly to help millions of investors pursue their objectives - regardless of shifting market conditions. Our clients rely on an investment process that has been tested in virtually every market environment. Bringing together our investment professionals from across the globe, PIMCO's investment process is designed to promote fresh ideas and differing points of view. We innovate to give our clients an edge. Innovation has long been part of the fabric of PIMCOs culture. Explore how we assess shifting risks and opportunities to build forward-looking solutions for investors. PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed-income investing.In the 50+ years since, we have worked relentlessly to help millions of investors pursue their objectives regardless of shifting market conditions. As active investors, our goal is not just tofind opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions and service to our clients.Active ManagementWe take an active approach to fixed income investing one in which we express high convictionviews without allowing any single risk to dominate returns. Over our 50 year history, we have found this helps us to deliver positive outcomes for investors and avoid outsized risks that maybe inherent in passive approaches.Tested ProcessWe have a proven ability to help investors navigate shifting investment conditions including times of market stress. Honed over decades, our process has helped millions of investorsmanage risks and pursue returns over meaningful time periods.Culture of InnovationFinancial markets are changing rapidly and it is crucial for investors to adapt. That is why innovation is part of the fabric of our culture. Importantly, we develop solutions based on investors needs and investing opportunities not on near-term asset-raising potential. And we invest in top technology, tools and resources to help them succeed. #J-18808-Ljbffr
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 worlds 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. Position Description: The Pricing Team is responsible for the day-to-day implementation of PIMCOs Pricing Policy which describes the procedures and responsibilities related to the valuing of securities and other assets held in client portfolios, including registered funds, private funds, and separate accounts. The Pricing Teams primary responsibility is the daily pricing of all the different asset types that PIMCO trades, including fixed income products like corporate bonds, municipal bonds, CMOs, and ABS, as well as complex derivatives related to swaps, options, FX, equities. To fulfill this responsibility, the team performs pricing accuracy testing, vendor comparisons, anomaly detection, price move research, and risk control functions to ensure that PIMCOs assets are priced accurately and timely. The team primarily utilizes data from pricing vendors, including ICE Data Services, Bloomberg (BVAL), PricingDirect (PDI), S&P Global (Markit), and LSEG Data & Analytics (Refinitiv), among others, and interacts closely with these vendors on pricing challenges/inquiries, market updates, and technical support. The Pricing Team interacts with many different internal and external teams, having to respond to a high volume of inquiries, including communicating with PIMCOs Portfolio Managers to gain market insights/color and to help resolve pricing discrepancies. Other teams include the Valuation Team on Alternative Assets, Legal/Compliance, Risk/Analytics/Performance teams, Account Managers, Auditors, Clients, Fund Treasury team, Custodian Banks/Fund Admins, Index/Benchmark team, Asset Set Up/Security Master, Due Diligence/Enterprise risk teams, our back office service provider, and Technology teams. In addition to conducting its daily operations related to pricing, the Pricing Team regularly presents valuation matters to the Pricing Committee and related Sub-Committees, as well as presenting to the Valuation Oversight Committees related to PIMCOs 40 Act Fund Boards. Core Responsibilities: Daily security price validation by researching and resolving discrepancies as it relates to fixed income, derivatives, equity, ETF, FX, and commodity prices Monitor, execute, enhance, and create new daily price quality assurance checks Answer pricing related inquiries from internal and external stakeholders Pricing related incident and error review analysis Create new and enhance existing workflows related to pricing responsibilities Write business requirements for the technology teams to enhance our pricing applications Position Requirements: Minimum of a Bachelors Degree, preferably in Economics or Finance; MBA/CFA or in program is a plus 3+ years of professional work experience within the financial services industry Experience with pricing vendors, PM/trading desk engagement, Bloomberg terminal, fixed income and derivative products are required Familiarity with basic fixed income products is recommended, but experience with complex derivatives (e.g. caps/floors, commodity index swaps/forwards, FX options/swaps, forward rate agreements, interest rate swaps/swaptions, total return swaps) is strongly preferred. Strong technology skills, including proficiency in SQL, Python, and MS Excel Excellent communication skills and the ability to work well in a team environment This role is based onsite in Newport Beach, CA. The level of hire will range from Senior Associate to Specialist and will depend on years of experience. Compensation will reflect the level of hire. 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. Salary Range: $ 100,000.00 - $ 135,000.00 Equal Employment Opportunity and Affirmative Action Statement PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws. Applicants with Disabilities PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days. We believe that active management is the responsible way to invest our clients' assets in fixed income. For 50 years, we have worked relentlessly to help millions of investors pursue their objectives - regardless of shifting market conditions. Our clients rely on an investment process that has been tested in virtually every market environment. Bringing together our investment professionals from across the globe, PIMCO's investment process is designed to promote fresh ideas and differing points of view. We innovate to give our clients an edge. Innovation has long been part of the fabric of PIMCOs culture. Explore how we assess shifting risks and opportunities to build forward-looking solutions for investors. PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed-income investing.In the 50+ years since, we have worked relentlessly to help millions of investors pursue their objectives regardless of shifting market conditions. As active investors, our goal is not just tofind opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions and service to our clients.Active ManagementWe take an active approach to fixed income investing one in which we express high convictionviews without allowing any single risk to dominate returns. Over our 50 year history, we have found this helps us to deliver positive outcomes for investors and avoid outsized risks that maybe inherent in passive approaches.Tested ProcessWe have a proven ability to help investors navigate shifting investment conditions including times of market stress. Honed over decades, our process has helped millions of investorsmanage risks and pursue returns over meaningful time periods.Culture of InnovationFinancial markets are changing rapidly and it is crucial for investors to adapt. That is why innovation is part of the fabric of our culture. Importantly, we develop solutions based on investors needs and investing opportunities not on near-term asset-raising potential. And we invest in top technology, tools and resources to help them succeed. #J-18808-Ljbffr