What are the responsibilities and job description for the Portfolio Manager, FX Vol position at PIMCO?
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. JOB DESCRIPTION PIMCO is seeking a portfolio manager for its Newport Beach based Global and EM teams. The individual will be responsible for developing and managing options driven macro and relative value strategies in foreign exchange across developed and emerging markets that are intended to be used as alpha overlays and risk management of underlying portfolios. The candidate must show an aptitude for conceptualizing transactions, demonstrating the impact of trades and trade strategy, and communicating with portfolio managers and senior management. This candidate will also assist with trade execution and will be expected to manage and build strong working relationships with sell-side FX option market-makers on behalf of PIMCO. RESPONSIBILITIES Combine market knowledge with macroeconomic and quantitative analysis to generate trade ideas in FX options across DM and EM. Primary focus will be on FX options, with the opportunity to develop into a broader focus across multiple asset classes within global fixed income and foreign exchange. Responsible for FX options execution across DM and EM across all PIMCO funds and client portfolios. Prepare materials and presentations related to trade activity and market conditions, and write regular market commentary Providing market color and insight to other portfolio managers Apply broad range of skills to ad hoc requests within the broad portfolio management context, assisting across functional areas REQUIREMENTS Bachelor's degree from an accredited institution demonstrating strong academic credentials Minimum of five (5) years of successful experience in foreign exchange and global fixed income at a prominent buy-side or sell-side institution Direct experience in trading and managing options, with a deep understanding of market structure, pricing, and modeling Strong quantitative experience with developing, modifying, and using empirical investment models to analyze, compare, and contrast a diversity of market data and economic variables A commonsensical approach to investing Strong theoretical and applied knowledge of option Greeks Highly quantitative approach to developing trade ideas Proficiency in at least one computer language or experience of collaborating with quants on quantitative models for pricing or other analysis Astute ability to respect, listen to, and collaborate well with colleagues and clients Exceptional work ethic and ability to succeed in a high intensity environment Low ego, good sense of humor, emotional maturity, and humility to accept developmental feedback Strength of conviction without stubbornness Ability to remain calm and objective regardless of market volatility Unassailable ethics and integrity BENEFITS PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and wellbeing of you and your family. These benefits include medical, dental and vision coverage from your first day of employment. 401k Savings and Retirement Plan Work/Life Programs such as Flexible Work Arrangements, Parental Leave & Support, Employee Assistance Plan, and Educational/CFA Certification Reimbursement Programs. Community involvement opportunities with The PIMCO Foundation in each PIMCO office. 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: $ 265,000.00 - $ 305,000.00 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. We believe that active management is the responsible way to invest our clients' assets in fixed income. For 50 years, we have worked relentlessly to help millions of investors pursue their objectives - regardless of shifting market conditions. Our clients rely on an investment process that has been tested in virtually every market environment. Bringing together our investment professionals from across the globe, PIMCO's investment process is designed to promote fresh ideas and differing points of view. We innovate to give our clients an edge. Innovation has long been part of the fabric of PIMCO’s culture. Explore how we assess shifting risks and opportunities to build forward-looking solutions for investors.
Salary : $265,000 - $305,000