Derivatives Confirmation Manager

Recruiter
PIMCO
Location
Newport Beach, USA
Salary
Competitive
Posted
23 Nov 2021
Closes
23 Dec 2021
Ref
12175472
Job Function
Trading
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
About Us:

We are PIMCO, a leading global asset management firm. We manage investments and develop solutions across the full spectrum of asset classes, strategies and vehicles: fixed income, equities, commodities, asset allocation, ETFs, hedge funds and private equity. PIMCO is one of the largest investment managers, actively managing more than $2.2 trillion in assets for clients around the world. PIMCO has over 3,070 employees in 22 offices globally. PIMCO is recognized as an innovator, industry thought leader and trusted advisor to our clients.

PIMCO is one of the world's premier fixed income investment managers with thousands of professionals around the world united in a single purpose: creating opportunities for our clients in every environment. Since 1971, we have brought innovation and expertise to our partnership with the institutions, financial advisors and millions of individual investors who entrust us with their assets. We aspire to cultivate performance and leadership through empowering our people, diversity of thought, and a commitment to an inclusive culture that engages in our global communities.

Position Description:

This exciting position is part of PIMCO's Portfolio Management Trade Support group and is an excellent opportunity to learn and contribute to PIMCO's operational risk management while leading a small team of specialists.

The Derivatives Documentation Manager is primarily responsible for the review of non-electronic OTC derivative confirmations, and for managing the confirmation execution workflow. This position requires assertiveness, acute attention to detail, an aptitude for managing multiple, competing priorities with minimal oversight or direction. Additionally, this position requires agility in a challenging and fast-paced environment. Successful candidates will also be skilled at driving high level internal interactions with Portfolio Managers, Trade Assistants, PIMCO counterparties and State Street IMS, as well as leading and contributing to the development of a small team.

CORE RESPONSIBILITIES
  • Review and negotiate non-electronic ISDA Confirmations for a broad range of OTC Derivative products including Equity, Commodity, Foreign Exchange, Credit Derivative and Interest Rates.
  • Manage ISDA Confirmations through the review and approval workflow process.
  • Identify discrepancies, perform all necessary investigation, and directly negotiate and resolve disputes with Counterparties.
  • Perform daily and weekly reporting to senior Portfolio and Risk Management executives
  • Actively participate in Industry and Regulatory initiatives and developments impacting OTC Derivative documentation and reporting
  • Manage projects and directly contribute to the advancement of workflows, processes and risk management objectives.
  • Leading a small team (2-3 specialists).


Position Requirements:

  • Demonstrated understanding and experience in implementation of relevant industry initiatives and developments to ensure the team remains on the cutting edge of legal requirements and best practices.
  • Experience in project management and leading mandates that contribute to the advancement of risk management objectives of the firm.
  • Experience and skill in managing processes, and prioritizing multiple tasks within a high pace, high pressure environment, and possess an acute attention to detail.
  • Strong interpersonal and communication skills, both written and verbal. Effectively able to communicate with Counterparties, Portfolio Managers, Risk Management and Legal Departments.
  • Experience leading a small team or experience in a mentorship/supportive capacity.
  • Experience and demonstrated skill in negotiation, issue resolution and escalation of ISDA Confirmation disputes.
  • Advanced understanding of ISDA Definitions and Paper confirmation templates.
  • No less than 5 years practical experience drafting and/or reviewing non-electronic ISDA Confirmations at a top tier investment bank or buy side institution.


Benefits:

PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and well-being 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

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