Job details

Operations Associate

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.

We are seeking an Associate to join the Investment Operations (IO) team. Our team manages the implementation for PIMCO’s new instruments and markets for all products as well as managing our outsourced middle office service provider and our custodial oversight program. The team also oversees emerging markets investment operations and market setup. This role is part of an operational, strategic initiative and is an excellent opportunity for motivated individuals to differentiate themselves. In this role, you will assist our Portfolio Managers in delivering incremental alpha and managing operational risk while growing their knowledge base.

If this sounds interesting, we want to hear from you!

This role may be based in Newport Beach, CA, or our Austin, TX offices.

About You

You challenge the status quo by asking “why” and identifying new and better ways of doing things
Exceptional organizational and project management skills, including the ability to multi-task and lead many ongoing initiatives
Resourceful, inquisitive, and enjoy problem-solving. Many of the concepts and/or solutions we face are sophisticated, and you bring a desire to work through these complex scenarios
Outstanding attention to detail. Strong interpersonal and communication skills
You seamlessly adapt to shifting priorities and enjoy working with ambiguity
A standout teammate who builds positive relationships and collaborates across multiple levels of a globally diverse organization, including outside vendors
Intellectual curiosity, a dedication to professional development, an ability to learn, and an interest in staying on top of emerging trends
Self-motivated and thrive in a fast-paced environment, detail oriented who takes ownership of your work quality and enjoys continuous improvement
High emotional intelligence, are flexible, and resilient
ability to navigate unstructured processes and simultaneously handling responsibilities with multiple, exciting demands
Encourage a positive work environment and culture for all employees
Have the owner mindset in handling problems and resolving issues.
Open-minded to changes and willing to tackle challenges
Eager to learn, strive for excellence

Key Responsibilities

Identify, source, measure, monitor, evaluate, and mitigate operational risk in processes
Mobilize other subject matter experts to provide solution suggestions to bring the best outcome
Provide solutions/suggestions to bring the best outcome for our clients
Oversee providers and ensure they are delivering qualitative output
Serve as the “go-to” for stakeholders
Contribute to driving projects and getting stakeholders to reach a consensus on complicated processes
Understand and consistently meets project stakeholder expectations by being able to understand the interdependencies across multiple sub-projects and manage progress
Track and report accurate deliverable status for assigned scope and be able to present to stakeholders independently
Develop presentations with mentorship
Consistently meets project stakeholder expectations, by being able to understand the interdependencies across multiple sub-projects and manage progress
Track and report accurate deliverable status for assigned scope and be able to present to stakeholders independently
Understand the importance of good record keeping and be prepared to provide back-up when request
Collaborate with Portfolio Managers, custodians, brokers, Legal & Compliance, other operations teams, Account Management, and front, middle and back offices globally in promoting process efficiency
Socialize with custodians, brokers, front, middle and back offices globally in promoting process efficiency and increase effectiveness

Position Requirements

Minimum of a Bachelor’s Degree, preferably in Finance, Accounting or Economics. Minimum of 4 years of proven experience.
Strong problem solving skills. Detail oriented.
Strong business writing skills. Ability to communicate clearly and professionally with others; and to create valuable resources for the business.
Critical thinking skills. Solid reading comprehension skill and mathematically proficient
Collaborative, enjoy working with stakeholders cross region and cross functional business partners
Able to work independently, can take on request from start to finish.
Able to learn by observation and through practice.
Able to apply knowledge and experience to effectively manage requests and resolve issues
Proven skills and experience in Microsoft computer applications; must be strong at Excel/Word/Outlook/PowerPoint/ Pivot table.
Knowing project management applications such as confluence/Smartsheets/Appian or equivalent is desirable
Knowledge of SQL and AI is desirable but not a must
Strong project management and implementation capabilities. Solid time and priority management skills, including managing across multiple initiatives effectively and prioritizing accordingly without losing track of the end goal
Experience in new market onboarding experience; operational knowledge in foreign exchange and emerging markets desirable but not required

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: $ 86,000.00 - $ 94,000.00

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.

PIMCO Glassdoor Company Review

3.7