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Portfolio Associate - FX

Newport Beach, USA
Closing date
Feb 3, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, we have worked relentlessly to help millions of investors pursue their objectives - regardless of shifting marketing conditions. As active investors, our goal is not just to find opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions, and service to our clients.

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.

Location: PIMCO's Newport Beach, CA headquarters
Note that additional Portfolio Associate opportunities are available in Newport Beach and New York City.

Portfolio Associate Team Overview
Portfolio Associate team members help to oversee the portfolios on a day to day basis and liaise directly with Portfolio Managers and build relationships internally with Account Managers, Product Managers, Legal and Compliance counterparts, Operations teams, and other Portfolio Trade Associate teams across the firm's global offices. On a day-to-day basis, Portfolio Associates' primary functions will consist of monitoring risk exposures across portfolios, sizing trades to take risk measures to portfolio managers' desired target, and managing all other operational aspects of the portfolio. Portfolio Associates are routinely encouraged to provide creative solutions and develop key tools and reporting methods to support the Portfolio Management team.

Position Overview
PIMCO is seeking a Portfolio Associate to assist with efforts on the Global Desk in Newport Beach. This position will join the existing team and work with and support PIMCO FX volume across G10 currencies as well as EM FX. The Portfolio Associate must build strong relationships with all other PIMCO desks to ensure that the FX book remains aligned across the firm.

In this role, you will:
  • Support Portfolio Managers on PIMCO's Global Desk in the capacity of an expert on all currency-related matters
  • Assist in the tracking and monitoring of currency exposures in Global Portfolios as well as Offshore vehicles and Overlay Strategies
  • Become an expert in all currency-related legal guidelines and take proper action daily to stay within the limits.
  • Attend PIMCO account opening, closing, and transition meetings as an advisor on proper currency management
  • Perform Risk Management on a daily basis in regards to currency hedging and rebalances
  • Become an expert in all G10 and EM conventions and mechanics from trade to settlement for spot, forward and OTC options
  • Work with Technology to keep processes accurate and up-to-date, mitigate risk, and enhance applications as needed
Position Requirements
  • Prior experience in Foreign Currency trade support or operations role/capacity preferred
  • Proven ability to operate efficiently and accurately in a fast-paced environment
  • Demonstrate the ability to organize and communicate information effectively in writing and interpersonal communications
  • Outstanding analytical skills with a proven ability to problem solve in a timely basis
  • Proven ability to build strong relationships
  • Enjoy working collaboratively across the organization to resolve issues
  • Ability to manage and see projects through completion on their own and be self-motivated
  • Well organized, detail-oriented self-starter who works well in a team environment
  • Strong Foreign Currency investment knowledge base required
  • Advanced knowledge of Excel, VBA, Bloomberg
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: $ 105,000.00 - $ 122,500.00

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.

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