Pricing Operations Manager, Specialist / VP

Pricing Team Position

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.

Position Description

The Pricing Team is responsible for the day-to-day implementation of PIMCO's Pricing Policy which describes the procedures and responsibilities related to the valuing of securities and other assets held in client portfolios, including registered funds, private funds, and separate accounts. The Pricing Team's primary responsibility is the daily pricing of all the different asset types that PIMCO trades, including fixed income products like corporate bonds, municipal bonds, CMOs, and ABS, as well as complex derivatives related to swaps, options, FX, and equities. To fulfill this responsibility, the team performs pricing accuracy testing, vendor comparisons, anomaly detection, price move research, and risk control functions to ensure that PIMCO's assets are priced accurately and timely. The team primarily utilizes data from pricing vendors, including ICE Data Services, Bloomberg (BVAL), PricingDirect (PDI), S&P Global (Markit), and LSEG Data & Analytics (Refinitiv), among others, and interacts closely with these vendors on pricing challenges / inquiries, market updates, and technical support.

The Pricing Team interacts with many different internal and external teams, having to respond to a high volume of inquiries, including communicating with PIMCO's Portfolio Managers to gain market insights / color and to help resolve pricing discrepancies. Other teams include the Valuation Team on Alternative Assets, Legal / Compliance, Risk / Analytics / Performance teams, Account Managers, Auditors, Clients, Fund Treasury team, Custodian Banks / Fund Admins, Index / Benchmark team, Asset Set Up / Security Master, Due Diligence / Enterprise risk teams, our back office service provider, and Technology teams.

In addition to conducting its daily operations related to pricing, the Pricing Team regularly presents valuation matters to the Pricing Committee and related Sub-Committees, as well as presenting to the Valuation Oversight Committees related to PIMCO's 40 Act Fund Boards.

Core Responsibilities

• Daily security price validation by researching and resolving discrepancies as it relates to fixed income, derivatives, equity, ETF, FX, and commodity prices
• Monitor, execute, enhance, and create new daily price quality assurance checks
• Answer pricing related inquiries from internal and external stakeholders, including interaction with front office Portfolio Management team, pricing vendors, and Custodian banks
• Conduct security pricing reviews related to financial audits
• Pricing related incident and error review analysis

Position Requirements

This role is based onsite, in Newport Beach, CA. The level of hire will range from Specialist to VP and will depend on years of experience. Compensation will reflect the level of hire.

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 : $ 100,000.00 - $ 195,000.00

Equal Employment Opportunity and Affirmative Action Statement

PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion, sex, sexual orientation, gender, age, military or veteran status, disability, 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.