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Leverage Finance Trader

Newport Beach, USA
Closing date
Dec 1, 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 deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world's largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.

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.

We are actively seeking a Leveraged Finance trader who will contribute to our diverse and inclusive team based in Newport Beach. This role offers an exciting opportunity to engage in trading substantial volumes of high yield and bank loan assets, while also performing fixed income credit analysis and fostering relationships with brokerage firms.

The ideal candidate will bring a background in fixed income and possess a deep understanding of flows, liquidity trading, and the leveraged finance market. Additionally, they will demonstrate skills in writing new issue recommendations for the trade floor.

We welcome candidates with diverse experiences and perspectives, as we believe that a broad range of viewpoints strengthens our team's performance. The successful candidate will possess outstanding relative value skills, general knowledge of portfolio/risk management and fixed income credit analysis. Moreover, they should have a genuine passion for macro-economics and quantitative analysis. PIMCO has roughly $50bn+ in total high yield + bank loan exposure across all portfolios at the firm.

At PIMCO, we value the unique contributions of every team member and are committed to providing an inclusive and supportive work environment. We actively encourage individuals from all backgrounds, including those traditionally underrepresented in finance, to apply. Join us in driving innovation, fostering collaboration, and making a positive impact on the financial landscape.

  • Up to 5 years of experience in fixed income trading capacity.
  • Direct experience trading High Yield and/or bank loan trading.
  • Strong academic credentials and achievement, with quantitative acumen preferred. Master/MBA preferred but not required.
  • Ability to execute trades and coordinate information flow for the Global Credit Desk.
  • Credit derivative and CDX knowledge a plus.
  • Strong communication skills, internally and externally. Manage the flow of information from the market to internal constituencies.
  • Ability to develop and manage external trading relationships as well as to strategize with Portfolio Managers.
  • Ability to develop thoughtful trading strategies for specific objectives.
  • Ability to remain calm and objective regardless of market volatility.
  • Unassailable ethics and integrity.
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: $ 200,000.00 - $ 305,000.00

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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