Interest Rate Volatility Pm

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.
PIMCO is seeking a portfolio manager for its Newport Beach based Volatility and Rates teams. The individual will be responsible for developing and managing options driven macro and relative value strategies in Interest Rates across developed markets that are intended to be used as alpha overlays and risk management of underlying portfolios. The candidate must show an aptitude for conceptualizing transactions, demonstrating the impact of trades and trade strategy, and communicating with portfolio managers and senior management. This candidate will also assist with trade execution and will be expected to manage and build strong working relationships with sell-side Interest Rate option market-makers on behalf of PIMCO.
Major Responsibilities

• Combine market knowledge with macroeconomic and quantitative analysis to generate trade ideas in Interest Rates options across DM
• Primary focus will be on Interest Rate Volatility strategies, with the opportunity to develop broader focus across linear rates as well as volatility strategies across other asset classes such as equities, FX and commodities
• Responsible for Interest Rate options execution across DM, and across all PIMCO funds and client portfolios.
• Prepare materials and presentations related to trade activity and market conditions, and write regular market commentary
• Providing market color and insight to other portfolio managers
• Ability to use Python/VBA to develop and enhance desk models and conduct back testing and other analysis
• Apply broad range of skills to ad hoc requests within the broad portfolio management context, assisting across functional areas

Ideal Experience

• Bachelor's degree from an accredited institution demonstrating strong academic credentials.
• Minimum of five (5) years of successful experience in Interest Rates and global fixed income at a prominent buy-side or sell-side institution.
• Direct experience in trading and managing options, with a deep understanding of market structure, pricing, and modeling
• Strong quantitative experience with developing, modifying, and using empirical investment models to analyze, compare, and contrast a diversity of market data and economic variables.

Critical Competencies for Success

• A commonsensical approach to investing.
• Strong theoretical and applied knowledge of option Greeks.
• Highly quantitative approach to developing trade ideas.
• Proficiency in at least one computer language or experience of collaborating with quants on quantitative models for pricing or other analysis
• Astute ability to respect, listen to, and collaborate well with colleagues and clients.

Other Personal Characteristics

• Exceptional work ethic and ability to succeed in a high intensity environment.
• Low ego, good sense of humor, emotional maturity, and humility to accept developmental feedback.
• Strength of conviction without stubbornness.
• 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: $ 205,000.00 - $ 240,000.00
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.
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