Associate, Short Term Trader

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

Job summary

PIMCO is seeking a Trader focused on short-duration credit and structured products to work at their Newport Beach, California office. This role demands a strong trading background with experience in corporate and asset-backed securities, along with a solid macroeconomic foundation.

The ideal candidate will have a Bachelor's degree, 2-4 years of relevant experience, and the ability to generate innovative strategies. PIMCO offers a competitive compensation structure, including a base salary and discretionary bonuses.

Qualifications

• 2-4 years of relevant work experience.
• In-depth knowledge of fixed income products, particularly liquidity products.
• Proven ability to generate innovative ideas and strategies to enhance portfolio returns.

Responsibilities

• Manage daily trading of liquidity/short-dated assets for portfolios.
• Assist with cash management and mandate optimization efforts.
• Generate alpha-adding ideas in real time across multiple products.

Skills

Trading and/or portfolio management

Analytical and quantitative skills

Collaboration

Strong communication skills

Knowledge of macroeconomics

Education

Bachelor's degree

Advanced degree

Job description

Trader – Short‑Duration Credit, Structured Products

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.

COMPENSATION

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 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.