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Product Strategist - Municipals

Employer
PIMCO
Location
New York, USA
Salary
Competitive
Closing date
Mar 1, 2023

View more

Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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.

PIMCO Fixed Income Strategists are investment professionals that specialize in a market sector or investment style. They are recognized internally and externally as experts in their area. Strategists use their highly specialized knowledge of financial markets and client demand across institutional and retail channels to lead business opportunities within their sector or investment style, akin to running a focused global business unit within PIMCO. This includes helping raise capital for new and existing investment solutions and ensuring that PIMCO has the appropriate suite of products to meet client demand and market opportunities going forward. Typical Product Strategist teams are 3 to 7 people in size, split between senior Strategists and Associates and Analysts who provide reporting and analytical support.

PIMCO's Fixed Income Product Strategist team covers global and regional fixed income strategies with diversified exposures, either with a benchmark orientation or with a flexible approach. These products help investors to meet varying needs such as generating income, preserving capital, and improving overall portfolio diversification. PIMCO is seeking a Fixed Income Strategist to join its Municipal Product Strategist team in Newport Beach.

Fixed Income Strategist Responsibilities:
  • Identify demand for new products; develop, position and support those products
  • Develop international investment solutions and structures, while taking into account local regulatory rules and constraints
  • Work with investors and their advisors to identify and assess investment needs and recommend suitable investment strategies and solutions
  • Develop a strong partnership with the portfolio management teams to maintain in-depth knowledge of fixed income markets and PIMCO Municipal portfolios, serving as an expert to relationship managers and marketers
  • Represent PIMCO's Municipal strategies externally at client meetings, industry conferences and meetings with other market participants globally
  • Develop marketing, servicing and educational materials, including client presentations, white papers, and other thought leadership materials for publication
  • Help oversee and lead a team of 2-3 Product Associates and Analysts
Requirements:
  • 5-10 years of relevant work experience in asset management with a focus on Municipals
  • An MBA degree with an emphasis in Finance and Economics or an equivalent advanced degree
  • Robust understanding of macroeconomics and fixed income markets
  • Aptitude in analyzing and communicating portfolio strategy and risk factors
  • Enthusiasm for the financial markets and investment management
  • Understanding of the various channels of demand and distribution for fixed income products
  • Strong verbal and written communication skills
  • Aptitude for public speaking in both formal and informal settings, in front of different types of small or large audiences
  • Entrepreneurial drive to build a business coupled with the ability to be a cooperative teammate
  • High level of organizational skills and the ability to prioritize work according to business needs
  • Clear commitment to PIMCO's culture, values and investment approach
  • CFA 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.

Salary Range: $ 210,000.00 - $ 236,000.00

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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