Derivative Operations Associate / Specialist

Newport Beach, USA
Nov 28, 2019
Dec 05, 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 $1.88 trillion in assets for clients around the world. PIMCO has over 2,800 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:

This position is part of our Investment Operations group focusing on collateral management, counterparty risk, and derivative confirmations and represents an opportunity to learn and contribute to PIMCO's operational risk management.
As a Derivatives Operations Associate or Specialist, you will be primarily responsible for assisting with the daily margin and derivative confirmation processes, leading projects and initiatives, and participating in industry working groups.
This position requires assertiveness, acute attention to detail, and an aptitude for managing multiple competing priorities with minimal oversight or direction. Additionally, this position requires agility in a challenging and fast-paced environment. Counterparty risk is an area of intense focus and new ideas at PIMCO, of which you will be an integral part. This function will require daily verbal and written interaction with Portfolio Managers, Trade Assistants, Risk Management, Legal & Compliance, PIMCO counterparties, and State Street IMS.

Key responsibilities include, but are not limited to:
  • Gathering data on counterparty risk and its underlying components from internal systems as well as Broker/Dealer counterparties
  • Building and/or supporting the development of metric reports that pinpoint areas or risk to be presented to senior management
  • Assisting in the daily margin and reconciliation process for all derivative products
  • Pro-actively seeking and driving opportunities to improve collateral optimization and increase efficiency
  • Supporting and/or managing electronic confirmation workflow and novation consent process via DTCC DS Match and Novation Consent Platforms
  • Reviewing and negotiating non-electronic ISDA Confirmations for a broad range of OTC Derivative products including Equity, Commodity, Foreign Exchange, Credit Derivatives, and Interest Rates
  • Actively participating in Industry and Regulatory initiatives and developments
  • Supporting and/or managing projects and directly contributing to the advancement of workflows, processes and risk management objectives

Position Requirements:

  • Minimum of a Bachelor's Degree
  • 2-5 years of Investment Operations experience, preferably with a focus on derivatives
  • Experience in project management that contributes to the advancement of risk management objectives
  • Basic to intermediate understanding of OTC derivatives, exchange traded derivatives, repurchase agreements, TBAs, and equity products are recommended.
  • Familiarity with ISDA, GMRA, and MSFTA documentation
  • Practical experience confirming OTC derivatives, preferably at a top tier investment bank or buy-side institution
  • Experience with issue resolution and escalation of trade breaks, disputes, and confirmation issues
  • Desire to participate in and lead projects and initiatives that overlap with other operational functions
  • Strong Excel skills and database knowledge
  • Ability to effectively communicate across an organization, including: Counterparties, Portfolio Managers, Risk Management and Legal Departments
  • Must have experience in managing processes, and prioritizing multiple tasks within a high paced, high pressure environment, and possess an acute attention to detail
  • Prior experience implementing relevant industry initiatives and developments to ensure the team remains on the cutting edge of legal requirements and best practices

  • Prior Management Consulting experience from a top tier consultancy focused on the Financial Services industry
  • Knowledge of DTCC DS Match, Markitwire, and Novation Consent Platforms desirable

  • Excellent communication (verbal and written), facilitation, and interpersonal skills, including the ability to face off across all levels of an organization
  • Strong team player; ability to partner effectively with multiple teams
  • Strong organizational and program management skills, including the ability to multi-task and manage a large number of ongoing initiatives
  • Strong analytical, problem solving, and troubleshooting skills
  • Demonstrated ability to deliver on assigned responsibilities through commitment to quality, impeccable attention to detail, and use of effective interpersonal and communication skills
  • Inquisitive self-starter, ability to flourish within the firm's demanding, fast-paced, and highly focused environment with shifts in priorities as business needs dictate
  • Strong ability to acknowledge and adapt to diverse styles, and cultures
  • Quick learner and adaptable to learn new processes, concepts, and skills
  • Demonstrated ability to navigate unstructured processes and simultaneously manage responsibilities of multiple-concurrent work streams and competing demands


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

Similar jobs

Similar jobs