2027 Summer Intern - Trade Floor Operations Analyst

PIMCO; Newport Beach (CA); On-site; USD 41,000 - 55,000; Full time

Benefits offered by this job

Relocation bonus

AI tools training

Mentorship and performance review

Job summary

PIMCO's Summer Internship in the US Trade Floor Operations group offers a 10-week program at our Newport Beach, CA headquarters, from early June to mid-August 2028. You’ll be eligible if you’re pursuing an undergraduate degree and can begin full-time employment between January 2028 and August 2028.

You’ll gain hands-on experience across Cash Desk, Middle Office, and Investment Operations, collaborating with Portfolio Management, Trade Support, Legal & Compliance, Operations, Technology, and

Qualifications

• Pursuing an undergraduate degree.
• Minimum 3.2 cumulative GPA (on a 4.0 scale).
• Business proficiency in English.

Responsibilities

• Gain exposure to the end-to-end investment trade lifecycle across Cash Desk, Middle Office, and Investment Operations.
• Collaborate with Portfolio Management, Account Management, Trade Support, Legal & Compliance, Operations, Technology, and external partners.
• Assist in technology-enabled process improvements, data analysis, and reporting.

Job description

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.2027 Summer Internship – US Trade Floor Operations Analyst (Cash Desk, Middle Office, Investment Operations)Internship positions are located at PIMCO’s Newport Beach, CA HeadquartersYou’re eligible to apply if you:Pursuing an undergraduate degreeMust be able to begin full time employment at a PIMCO office between January 2028 – August 2028Must be enrolled at a university during the Fall 2027 semester (August 2027 – December 2027)Have a minimum 3.2 cumulative collegiate grade point average on a 4.0 scale (or the equivalent) at an accredited 4-year college or universityAre business proficient in EnglishYou’ll excel in this program if you:Demonstrate advanced Microsoft Excel skills and/or Python, SQL, VBAShow a strong interest in the financial markets, macroeconomics, investment finance, and the investment trade lifecyclePossess outstanding analytical skills with the ability to function efficiently and problem-solve in a fast paced and time-critical environmentCommunicate clearly and collaborate effectively across complex financial, operational, and technical environments.Demonstrate acute attention to detail and can manage multiple competing priorities with appropriate independence and judgmentDemonstrate accountability, resilience, adaptability, intellectual curiosity, and a continuous improvement mindsetShow the following traits: assertiveness, ethical, collaborative, organized, flexible, high energy, self-starter, accountable, humbleCan operate effectively when priorities or the path forward are not fully definedHave completed finance, fixed income, data analytics, and/or capital markets coursework (recommended)Demonstrate curiosity and experience in using new emerging technologies and AI tools in your work or school projects to solve problems and drive better outcomesApproach AI-generated output thoughtfully by evaluating reliability, appropriateness, and potential risks before use.What you will experience:Gain exposure to the end-to-end investment trade lifecycle through structured experiences across Cash Desk, Middle Office, and Investment Operations.Collaborate with Portfolio Management, Account Management, Trade Support, Legal & Compliance, Operations, Technology, State Street IMS, broker-dealers, custodian banks, clients, and third-party platforms, as relevant to each team.Contribute to technology-enabled process enhancements, data analysis, reporting, operational controls, and workflow improvement initiatives.Build a foundation for potential future opportunities across Trade Floor Operations, Trade Management, Investment Operations, and the broader investment platformAs a Trade Floor Operations Analyst intern within the US Trade Floor Operations group, you’ll have the opportunity to develop your career by learning about and working within the following three teams:Cash DeskThe Cash Desk is a key operational unit responsible for managing cash, reporting client cash flows, and providing internal cash forecasts across client accounts, mutual funds, and hedge funds. The team works closely with Portfolio Management to support projected overdraft coverage and the investment of excess cash into liquid securities. The Cash Desk regularly interacts with portfolio managers, account managers, internal operations groups, clients, State Street IMS, and custodian banks.Middle OfficeThe Middle Office manages and governs a key control environment supporting the day-to-day trade lifecycle of PIMCO's Portfolio Management team. Team members collaborate with Portfolio Management, Trade Support, Legal & Compliance, Operations, Technology, and State Street IMS. The team also engages with broker-dealers, custodian banks, and third-party trading platforms.Investment OperationsInvestment Operations includes Investment Operations and Corporate Actions. Investment Operations focuses on new securities, emerging-market capabilities, FX execution methods, claim and break resolution, and custodial oversight. Corporate Actions oversees mandatory and voluntary events, restructurings, proxies, bank loan amendments, defaulted securities processing, and class actions. Both teams interact broadly across PIMCO and with State Street Bank, broker-dealers, and client custodian banks.While our eligibility requirements are not flexible, we encourage you to apply even if you do not possess 100% of the desired skills outlined above.The PIMCO Internship Experience:The PIMCO Internship is a 10-week program that runs from early June to mid-August, with the expectation that you will be available for the full duration of the programDuring Week 1, you’ll participate in PIMCO Fundamentals Training, providing you with the skills, knowledge, and relationships that will prepare you for successAlongside your colleagues, participate in PIMCO's Global Month of Volunteering, developed to heighten the impact of our employees' worldwide volunteer effortsJoin us for a variety of cross-divisional education, networking & social events!Your supervisor, peer mentor, senior leaders and team offer guidance and mentorship throughout the summerYou will gain hands-on experience with AI-powered tools from day one, with training and resources that help build future ready skills and make an impact from the startYou’ll receive feedback at mid- and end-of-summer as part of a formal review process to keep you on the path to meeting your summer goalsWant to learn more? Hear about The PIMCO Internship Experience from past internsAs a PIMCO intern, you’ll receive competitive compensation, along with a transition bonus to help with relocation to one of our office locationsWhat to expect during the interview process:After we receive your application, we will conduct an initial review of your resumeIf you are selected to move forward, you will take a cognitive assessment and have the opportunity to showcase your interests, skills, and personality by completing a one-way video interviewOnce you complete the assessment and one-way video interview, you will have a final round of live interviews via video conference. These interviews typically include both behavioral and technical questionsPIMCO is an equal opportunity employer committed to creating an inclusive, cognitively diverse environment.For more information on PIMCO and Career Opportunities, please visit www.pimco.com/careers/studentsPIMCO 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.Hourly Rate: $ 34.62Equal Employment Opportunity and Affirmative Action StatementPIMCO 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 DisabilitiesPIMCO 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.