Senior Associate / Officer - Regulatory Compliance

PIMCO Europe Ltd
Munich, Germany
Jul 28, 2019
Jul 31, 2019
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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 $1.84 trillion in assets for clients around the world. PIMCO has over 2,700 employees in 17 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:

Experienced Compliance Officer located in Munich and part of the EMEA Regulatory Compliance team.
PIMCO is looking for an experienced and aspirational Compliance Officer or Senior Associate who is familiar with all aspects of regulatory requirements applicable to PDG, it's branches and other PIMCO EMEA entities. The candidate will be based in Munich and an integral part of the EMEA Regulatory Compliance team.
Assist the business in meeting regulatory standards
The role involves regular engagement with PIMCOs different business units, in particular trade floor personnel and Account Managers. This requires excellent communication skills and the ability to deal effectively in a busy and time sensitive environment in a proactive and pragmatic way.
The candidate shall assist to develop, promote and implement Compliance policies, standards and procedures to enable PDG and its staff as well as EMEA staff to act in a compliant manner and ensure regulatory obligations are implemented (including but not limited to German Securities Trading Act, German Banking Act, Money Laundering Act and implementing BaFin ordinances and circulars, MR Compliance).
Conduct regular testing and assessment activities and maintain regulatory compliance files / licences
Reporting to PDG's Head of Regulatory Compliance the Compliance Officer / Senior Associate will have primary responsibility to conduct regular testing and assessment activities and maintain regulatory compliance files / licences, in particular
• Implementation of regulatory requirements in Portfolio Management, Trading and Client facing activities,
• Regular monitoring based on PIMCOs trade surveillance program. Maintain procedures for identification, reporting and resolution of breaches, complaints and other regulatory issues,
• Training of all members of staff to improve understanding of policies and regulatory environment, develop targeted training strategies for different business areas to make training relevant to business activities,
• Conflict management such as Code of Ethics administration including Personal Account Dealing monitoring and Gifts and Entertainment processes,
• Responsibility for filing obligations, including maintenance of Compliance calendar and EMEA Branch oversight program,
• Coordination and support of internal and external audits.
"Horizon" scanning" for regulatory changes
The EMEA Regulatory Compliance team is charged with identifying key risk areas for Compliance and adapting the Compliance program accordingly. This requires "horizon" scanning" for regulatory changes, expectations voiced by regulators through various publications and industry best practices to assess the potential for enhancing the EMEA Compliance program in close collaboration with the broader EMEA Compliance team.
Contribute to the success of a truly global team
The candidate will be expected to contribute to the wider regulatory compliance team as well as to get involved in local, regional and global project work and working groups.

Position Requirements:

Compliance experience is key success in this role
At least 3 years of compliance/legal/audit experience with a global financial services organization. Previous experience as a Compliance Officer in a Financial Services firm or KVG with a deep understanding of all aspects of asset management would be ideal. Alternatively, experience from a Financial Service firms Audit or Risk Management background is essential. Expertise in financial products is a plus.
The candidate should have knowledge of and experience with German and EU regulation
Thorough understanding of the regulatory environment in Germany obtained either through academic education or extensive professional experience in respective areas in a financial services company. Moreover PIMCOs EMEA business activities require knowledge and experience with EU regulation.
Excellent organizational and communication skills
Strong knowledge of regulatory environment and expectations for Portfolio Management, Trading and Client facing activities, including but not limited to requirements under MIFID II, MIFIR and MAR, MLD, etc and respective local implementation in German regulation.
A clear, detailed, logical approach with excellent record keeping and the ability to work with little supervision is essential.
Clear, concise communication skills and experience at presenting complex subject matter to business audiences is desirable.
Strong written and oral communication skills, fluent in English and German.
Highest professional standards and client service orientation essential for success in the role
The candidate must be a team player with ability to foster good working relations and support the team's professional standards and client service orientation
Flexibility in approaching complex subject matter and understanding the business needs in the context of regulatory requirements is crucial.


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

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