Quantitative Research Analyst

Corona Del Mar, USA
Sep 18, 2019
Oct 10, 2019
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Quantitative Research Analyst General Information
Ref #: 27640

Employee Type: Full Time

Location: Newport Beach

Experienced Required: Please See Below

Education Required: Masters Degree

Date published: 11-Sep-2019
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 worlds 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: Pacific Investment Management Company LLC (PIMCO) seeks a Quantitative Research Analyst for its Newport Beach, CA location. Job ID 27640 Duties : Apply statistical, optimization, and probability methods together with Economic and Finance theories to design quantitative cross-asset portfolios; perform portfolio level analytics; monitor daily security level risk statistics; validate and monitor high level computer applications and forecasting tools; recommend bottom-up and top-down portfolios, and implement asset allocation models; and provide systems that support the investment decision making process. Develop high level quantitative equity research using Compustat, Haver Analytics, Datastream and Bloomberg datasets. Build robust and efficient quantitative computing library for risk framework for all portfolios. Apply cloud computing to calculate daily risk exposure for all securities. Design, develop, implement, and analyze various portfolio back-tests and attribution models with advanced statistical tools such as MATLAB, E-Views and/or SAS together with Python and SQL programming. Develop and validate quantitative asset and derivative pricing models for various rates and other fixed income products by reviewing the underlying models including assumptions, theory and empirical evidence. Work closely with portfolio managers, account managers and risk managers to ensure the models meet the needs of those organizational end-users. Evaluate and document the model implementation and limitations to exogenous models as well as the models empirical performance. Make recommendations for changes/enhancements to models. Communicate complex theoretical concepts to investment professionals, developers and programmers. Access data in Oracle database systems using SQL Language. Position Requirements: Requirements : Masters degree in Financial Engineering, Financial Mathematics, Finance, or closely related quantitative field, and one (1) year of experience in the position offered or related position. Academic coursework or experience must include: performing quantitative research utilizing mathematical, statistical, optimization, and probability theories and tools, including: multi-horizon optimization, convex programming, stochastic differential equations, stochastic process, martingale theory, Monte Carlo simulations, financial derivative theories, differential equations, topology, and Markov theory; analyzing large economic and financial panel and time-series data sets using statistical and machine learning techniques; programming financial models and statistical analysis with Python, VBA, R, or MATLAB; programming in SQL for Sybase/Oracle databases; and econometrics and empirical work, including time series econometrics such as vector auto regression, error correction models, and Lasso regressions. Pacific Investment Management Company LLC is an EEO/AA Employer. This position is eligible for incentives pursuant to Pacific Investment Management Company LLCs Employee Referral Program. Benefits:
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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