Associate, Short Term Trader

PIMCO; Newport Beach (CA); On-site; USD 135,000 - 150,000; Full time

Job summary

PIMCO is seeking a Trader focused on short-duration credit, structured products, and liquidity management. Based in Newport Beach, you will report to the Head of the short-term desk and help manage daily liquidity trading while evolving toward portfolio construction and product development.

Requirements include a Bachelor’s degree, 2–4 years’ experience in fixed income, strong analytical skills, and excellent communication.

Qualifications

• Bachelor’s degree required; advanced degree is a significant advantage.
• 2-4 years of relevant work experience in fixed income or liquidity products.
• In-depth knowledge of liquidity products and short-dated credit opportunities.
• Strong analytical and quantitative skills with risk awareness.
• Excellent communication and cross-team collaboration abilities.

Responsibilities

• Trade and/or portfolio management across corporate bonds, agency securities, and asset-backed securities.
• Support daily trading of liquidity/short-dated assets and contribute to portfolio construction.
• Assist with cash management and efficiency improvements on short-duration mandates.
• Generate ideas to add alpha while managing risk in real time across products.
• Collaborate with multiple teams and stakeholders worldwide.

Skills

Analytical skills

Quantitative skills

Communication skills

Collaboration

Liaison across teams

Macroeconomics knowledge

Work ethic

Ambition

Education

Bachelor's degree

Advanced 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.

PIMCO is currently searching for a Trader focused on short-duration credit, structured product, and traditional liquidity management asset classes. This individual will work with and report to the Head of PIMCO’s short term desk and likely be based in our Newport Beach, California Head Office.

RESPONSIBILITIES

• Strong trading and/or portfolio management background, broadly including corporate bonds, US and non-US Agency/Supranational securities, and asset-backed securities. Understanding of short-term risk markets, operational fundamentals, and theoretical portfolio construction capabilities as well as a solid macroeconomic foundation are essential.

• Understanding of collateral/repo trading, with potential to manage aspects of daily trading of US Treasury and Credit/Structured Product Funding Book an added consideration.

• Initial responsibilities will be focused on managing daily trading of liquidity/short-dated assets for portfolios, but will evolve to support portfolio construction and product development.

• Assist with cash management and short-duration mandate optimization efforts, as well as a global cash optimization efficiency.

• Generate alpha-adding ideas in real time across multiple products.

POSITION REQUIREMENTS

• Bachelor’s degree required; advanced degree is a significant advantage.

• Strong academic credentials and a track record of achievement.

• 2-4 years of relevant work experience.

• In-depth knowledge of fixed income products, particularly liquidity products and short-dated credit opportunities.

• Proven ability to generate innovative ideas and strategies to enhance portfolio returns while mitigating risk.

• Extensive experience with both operational processes and execution.

• Demonstrated ability to serve as a liaison between different teams.

• Experience from either the sell-side, buy-side, or both is preferred.

• Strong analytical and quantitative skills, with the ability to identify interconnected market opportunities and devise strategies to capitalize on them.

• Solid understanding of macroeconomics and the factors influencing economic trends.

• Collaborative approach to working across the organization.

• Exceptional communication skills, both within the organization and with external stakeholders.

• Ambitious, competitive, and possesses a strong work ethic.

• Balances strong convictions with a low-ego approach.

• Maintains composure and objectivity during periods of market volatility, whether optimistic or pessimistic.

• Upholds the highest standards of 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: $ 135,000.00 - $ 150,000.00

Equal Employment Opportunity and Affinitive 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 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.