Global Core Operations Lead – IBOR Reconciliation

PIMCO Europe Ltd.; Newport Beach, Northern (CA, KY); Hybrid; USD 215,000 - 260,000; Full time

Job summary

PIMCO is seeking a senior Core Operations leader to own and define the future-wide back office operating model across asset classes and regions. This role designs standardized workflows, ownership boundaries, and control frameworks governing back-office controls while advancing IBOR technology and vendor integration.

The role operates as a day-to-day manager and senior design authority, focusing on workflow design, testing, and incorporating current industry best practices into PIMCO’s target

Qualifications

• 10+ years of experience in back office and reconciliations within asset management or investment banking.
• Deep experience across multiple asset classes, including derivatives (OTC and listed), fixed income, and cash products.
• Strong understanding of IBOR transactions and impacts to cash, positions, P&L, performance, and fund accounting.
• Demonstrated experience defining or governing operating models and control frameworks.
• Proven ability to partner with Technology teams on workflow design, testing, and platform transformations.

Responsibilities

• Lead the end-to-end back office control function for TFO, with ownership of daily reconciliation oversight, exception management, break investigation, and timely resolution across positions, cash, transactions, tax lots, P&L, and related investment data domains.
• Identify recurring reconciliation themes, drive root‑cause analysis, and partner with Middle Office, Corporate Actions, Treasury, Performance, Fund Accounting, Technology, and external service providers to eliminate repeat breaks and strengthen the operating model.
• Oversee outsourced back office service providers, including day-to-day governance, KPI / SLA management, issue escalation, service quality review, and integration of provider workflows into the new IBOR operating model.
• Own the design and implementation of IBOR reconciliation controls, including match criteria, tolerance thresholds, exception routing, aging standards, control evidence, and escalation protocols.
• Establish consistent standards for daily reconciliations, control execution, break prioritization, and issue documentation, ensuring accountability across internal teams and external providers.
• Develop and deliver executive‑level metrics, dashboards, and commentary for senior management.
• Coordinate the transition and handoff of investment data outputs to Fund Accounting, ensuring clear ownership, documented controls, and alignment between IBOR, accounting, custody, and downstream reporting processes.
• Partner with transformation and technology teams to define target‑state workflows, support implementation of reconciliation tooling, and optimize new data outputs, and ensure operational readiness for migration to the future IBOR platform.
• Establish and maintaining industry best‑in‑class procedures, control documentation; control; objectives; confirm view.
• Ability to create, grow, and establish a Core Operations team, including defining roles, building capabilities, setting operating standards, and developing scalable team routines.

Skills

Back office

Reconciliations

IBOR

Operating models

Job description

PIMCO is seeking a senior Core Operations leader to own and define the future-wide back office operating model across asset classes and regions. This role designs standardized workflows, ownership boundaries, and control frameworks governing back-office controls while advancing IBOR technology and vendor integration.

The role operates as a day-to-day manager and senior design authority, focusing on workflow design, testing, and incorporating current industry best practices into PIMCO’s target