Global Core Operations Lead - Reconciliation & IBOR

PIMCO; Newport Beach (CA); On-site; USD 215,000 - 260,000; Full time

Job summary

PIMCO in Newport Beach, CA, seeks a senior Core Operations leader to define the future global back office operating model across asset classes. You will own daily reconciliation oversight, control frameworks, and oversight of outsourced providers as the firm advances its IBOR platform.

Lead end-to-end back office controls, design target-state workflows, and partner with Technology and Middle Office to enable scalable, auditable processes and strong risk management across cash, positions, and P&L.

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.
• Effective communication and management skills.

Responsibilities

• Lead 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.
• 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, validate new data outputs, and ensure operational readiness for migration to the future IBOR platform.
• Establish and maintain industry best-in-class procedures, control documentation, operating playbooks, and governance routines to support auditability, resiliency, and consistent execution across the back-office function.
• 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 leadership

Reconciliations

Stakeholder management

Technology collaboration

Education

10+ years in back office/reconciliations (asset management or investment banking)

Tools

IBOR platforms

Job description

PIMCO in Newport Beach, CA, seeks a senior Core Operations leader to define the future global back office operating model across asset classes. You will own daily reconciliation oversight, control frameworks, and oversight of outsourced providers as the firm advances its IBOR platform.

Lead end-to-end back office controls, design target-state workflows, and partner with Technology and Middle Office to enable scalable, auditable processes and strong risk management across cash, positions, and P&L.