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GWM Risk Senior Associate

New York, USA
Closing date
Jul 13, 2023

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Job Function
Marketing and Public Relations
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:

This position will support the Global Wealth Management (GWM) Head of Business Risk and Partner Policy to build this functional area which is new to the firm. This area supports the US GWM client-facing distribution and business channels (field and internal sales, private client, business development and growth initiatives (ETFs, SMA, Alts)). In addition, this function is a liaison to strengthen the relationship, communication and infrastructure between GWM businesses and internal partners such as Strategic Accounts, Legal, Compliance and Marketing. This position is based in our New York City office.

This is an exciting opportunity to help establish a new function within the firm and gain knowledge of many aspects of the GWM business and strategy and work with many partners. The position requires a professional with diplomatic and analytical skills who can flourish in a challenging, fast-paced, and professional environment with frequent shifts in priorities as business needs dictate. The candidate should have the ability to work with all levels of management across different functional areas and have strong time management, organizational and interpersonal skills.

Key responsibilities include, but are not limited to:
  • Provide support to the Head of GWM Business Risk and Partner Policy to establish a first line of defense risk management and governance program to ensure the business operates in an effective and compliant manner while delivering on its strategic goals.
  • Review sales practices against applicable compliance standards and identify risks and help develop risk-based infrastructure/processes for GWM businesses, including monitoring of controls
  • Assess existing infrastructure and through automation build enhancements/tools for greater efficiency and effectiveness for GWM management and businesses to perform their day to day activities
  • Gain strong understanding of key sales activities and applicable compliance standards for areas such as non-cash compensation, use of electronic communications and marketing, social and digital communications
  • Proactively assess impact and risks related to business and regulatory/compliance changes
  • Assist with drafting business procedures, guidelines and other communications; help develop effective training to reinforce policies, procedures, controls, ethical practices across GWM businesses and mitigate risks
  • Must take initiative in learning and applying new skills, understanding the business model and activities, partner firm requirements, applicable policies and regulations that govern the GWM businesses
  • Assist the Growth Markets channel with SMA database reporting, monthly and qtrly AU/Sales reporting, assist with creation of SMA and Models marketing collateral support (monthly and quarterly updates), support ETF team with regular reporting
  • Prepare quarterly reporting for various senior management groups across GWM that address risk, efficiency, gaps, trends and key activity reporting (areas include: coding and limits for expenses, email review, registrations, partner firm requirements, management of business resource documents, training of sales personnel)
  • Develop deep understanding of third party partner firm and client standards to build efficient and effective processes and controls to ensure business meets client requirements
  • Advocate for business objectives and needs while understanding the regulatory and risk concerns
  • Assist with any audits, compliance inquiries or corporate issues relating to US GWM Sales
  • Review and provide timely, accurate and thoughtful guidance to business when questions are raised
  • Help to facilitate new product launches in partnership with firm stakeholders
  • Excellent problem-solving and project management skills with a high attention to detail
  • Excellent communication and presentation skills; the ability to articulate clear ideas/strategies, both verbally and in writing, internally and externally
  • Bright, critical thinker, solutions-oriented and a quick learner with the ability to quickly assess a situation and generate new creative insights and usable ideas
  • Service-oriented; the ability to balance regulatory and policy standards along with a business perspective
  • A highly motivated, self-starter with the willingness to "roll up your sleeves" and the ability to drive change
  • Exceptional organizational skills; the ability to effectively prioritize tasks, follow up, produce consistently accurate work, and meet strict deadlines
  • Highly flexible and adaptable, possess sound judgment, multi-task oriented: capable of rapidly changing directions based on business demands
  • Consensus builder and team player with the ability to work well within a matrixed organization
  • A keen desire for process improvement
  • Demonstrated self-awareness, cultural skills, and sensitivities to work effectively in a global organization
  • Have a strong sense of integrity, behaving consistently with expressed values and ethical principles of PIMCO
  • Strong working knowledge of MS Office suite including Word and Excel and able to pick up others systems easily (contact management, workflow and expense management systems); knowledge of other systems/tools to aid in project management and database building; strong data analysis and data presentation skills
Role Requirements
  • Minimum 3 years of professional experience, such as regulatory compliance, paralegal or audit experience with a large and diverse investment management firm or sales administrator, branch office manager or asset management operations
  • An undergraduate degree is required
  • General knowledge of regulatory requirements applicable to US broker-dealers or able to quickly learn and apply
  • Knowledge of fixed income, alternatives, derivatives, commodities and equity strategies a plus
  • Knowledge of mutual fund and private fund distribution and sales practices a plus
  • Must possess a four-year college degree
  • Series 7, 63 and 24 registrations preferred or must be willing to obtain within 180 days
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: $ 127,500.00 - $ 144,500.00

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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