Counterparty and Administration Manager

New York, USA
$141k - $225k
Dec 03, 2022
Dec 22, 2022
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.

Position Description

We are seeking a Counterparty and Administration Manager to lead our counterparty relationship and trading documentation team. This team supports the firm's global operations and trade support team. In this role, you will coordinate complex projects involving business groups across all functional areas of the firm, including non-U.S. offices, and assist the business in implementing targeted solutions. A critical component of the role will be outstanding interpersonal and communication skills with the ability to collaborate with employees across functions and at all levels of seniority, addressing issues in a fast-paced environment.

About You
  • You challenge the status quo by asking "why" and identifying new and better ways of doing things
  • Exceptional organizational and project management skills, including the ability to multi-task and lead many ongoing initiatives
  • Resourceful, inquisitive, and enjoy problem-solving. Many of the concepts and/or solutions we face are sophisticated, and you bring a desire to work through these complex scenarios
  • Proven track record of delivering on assigned responsibilities through pursuing excellence, outstanding attention to detail, and using interpersonal and communication skills
  • You seamlessly adapt to shifting priorities
  • A standout teammate who builds positive relationships and collaborates across multiple levels of a globally diverse organization, including outside vendors
  • Track record of building credibility and trust through consistent behavior, high integrity, and judgment
  • Intellectual curiosity, a dedication to professional development, an ability to learn, and an interest in staying on top of emerging trends
  • Self-motivated and thrive in a fast-paced environment
  • High emotional intelligence, flexible, and resilient
  • Proven record navigating unstructured processes and simultaneously handling responsibilities with multiple, exciting demands
  • Encourage a positive work environment and culture for all employees


Key responsibilities include, but are not limited to:
  • Shepherding and helping to implement end-to-end trading counterparty onboarding process, including:
    • Gathering due diligence information
    • Coordinating and responding to counterparty questions
    • Issuing escalation and resolution management
    • Updating accounts with counterparties on legal agreements and contracts, including ISDA Master Agreements, MSFTAs, GMRA/MRA, and other trading agreements and counterparty documents
  • Managing a team of onboarding professionals
  • Leveraging counterparty relationships to implement change, guiding servicing expectations, and scaling business model to ensure a streamlined process for day one trading
  • Maintaining counterparty metadata in a proprietary database and other third-party systems
  • Working closely with counterparties and internal stakeholders, including Legal, Account Management, Portfolio Management, Operations, Transitions, and Collateral to address Counterparty related issues and account onboarding tasks
  • Supporting the reporting and account maintenance as required with counterparties (i.e., AUM, KYC/CDD refresh, tax forms, etc.)
  • Developing and implementing solutions regarding process enhancements, procedurals improvements, and automation opportunities
  • Ad-hoc projects, as assigned

  • Minimum of a Bachelor's Degree
  • Minimum five years of experience with one or more of the following:
    • Previous experience with an asset manager, investment bank, or investment advisor concerning counterparty documentation
    • US Patriot Act and various Know-Your-Customer/Anti-Money Laundering/Customer, Due Diligence requirements (e.g., Dodd-Frank, EMIR reporting requirements, etc.)
    • Third-party onboarding, KYC or documentation platforms or applications
  • Basic knowledge of derivatives or forward/financing transactions, various master agreements (including ISDA Master Agreement and Credit Support Annex, Master Repurchase Agreement/Global Master Repurchase Agreement, Master Securities Forward Transaction Agreement, Prime Brokerage Documentation)
  • Experience with MS Excel, Smartsheets, or other similar database system is desired
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.

New York, NY Salary Range: $ 141,000.00 - $ 225,000.00

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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