European Rates Trader

PIMCO Europe Ltd.; Greater London; Hybrid; GBP 120,000 - 190,000; Full time

Job summary

PIMCO Europe Ltd. in London is seeking a London-based trader for its UK and Europe rates desk. You will execute trades, formulate investment strategies, and manage European cash and derivatives books, focusing on EUR and GBP government bonds and rates derivatives.

Ideal candidates have a bachelor's degree and at least two years of trading experience in European government bonds and derivatives, with a strong quantitative background and ability to generate ideas for the desk.

Qualifications

• Bachelor's degree from an accredited institution with strong academic credentials.
• Minimum of two years of successful trading experience in European government bonds and rates derivatives.
• Strong quantitative background with empirical investment models.

Responsibilities

• Execute trades and manage European cash and derivatives books.
• Generate investment ideas and opportunities.
• Combine market knowledge with macroeconomic and quantitative analysis to generate investment ideas.
• Focus on EUR and GBP government bonds and rates derivatives, with potential expansion across DM and EM.
• Provide market color and insights to portfolio managers.

Skills

Trading experience

Quantitative analysis

Communication skills

Education

Bachelor's degree

Job description

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.

Job Description

PIMCO is seeking a London based trader for its UK and Europe rates desk. The individual will be responsible for executing trades, formulating and constructing investment strategies in liquid European government bond, interest rates, and derivatives markets. The candidate must have functional competency in all the rates-related linear and derivative products. This candidate is expected to execute and generate bottom-up investment strategies and to manage and build strong working relationships with sell-side strategists/traders.

Responsibilities

• Responsibilities involve execution of trade orders and management of the firm wide European cash and derivatives books.
• Idea generation and identification of trade opportunities.
• Combine market knowledge with macroeconomic and quantitative analysis to generate investment ideas in liquid UK and pan European rates space.
• Primary focus will be on EUR & GBP denominated government bonds and interest rates derivatives, with the opportunity to develop into a wider range across DM and EM.
• Provide market color and insight to other portfolio managers.
• Apply broad range of skills to ad hoc requests within the broad portfolio management context, assisting across functional areas.

Requirements

• Bachelor's degree from an accredited institution demonstrating strong academic credentials.
• Minimum of two years of successful trading experience in European government bonds, interest rates and derivatives at a prominent buy-side or sell-side institution.
• Strong quantitative background 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

• Good communication capabilities within the team and with other global portfolio managers.
• Highly quantitative approach to developing trade ideas.
• Astute ability to respect, listen to, and collaborate well with colleagues and clients.
• A common sensical approach to investing.

Other Personal Characteristics

• Exceptional work ethic and ability to succeed in a high intensity environment.
• Low ego, good sense of humour, 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.

Equal Employment Opportunity and Affidative 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.

We believe that active management is the responsible way to invest our clients' assets in fixed income. For 50 years, we have worked relentlessly to help millions of investors pursue their objectives - regardless of shifting market conditions. Our clients rely on an investment process that has been tested in virtually every market environment. Bringing together our investment professionals from across the globe, PIMCO's investment process is designed to promote fresh ideas and differing points of view. We innovate to give our clients an edge. Innovation has long been part of the fabric of PIMCO’s culture. Explore how we assess shifting risks and opportunities to build forward-looking solutions for investors.