Quantitative Research Analyst – Execution Research

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

We are seeking an experienced Quantitative Researcher to join our Portfolio Management – Execution Research team in Newport Beach, California. You will be joining a small and high-impact team responsible for ensuring best execution for over $2 trillion of assets under management across our investment strategies with a focus on rates and liquid markets. You will proactively engage with our Portfolio Managers, Quants and Technologists across various mandates with a focus on execution modeling and associated alpha strategies in liquid markets.

Our ideal candidate will be a self-starter with a quantitative background with expertise in execution / algos, be well versed with high frequency data with a strong commitment to rigor and excellence in research, whilst not losing sight of practicalities in delivering results. As well, he/she will have the ability to communicate complicated technical issues clearly to senior management and portfolio managers.

Responsibilities

• Development, analysis and optimization of execution models and systematic trading strategies in fixed income with a focus on linear rates and liquid markets
• Execution monitoring and alpha - buildout and evolve our library of execution algorithms, monitoring of execution strategies whilst proactively providing enhancements
• Rates alpha research - conduct and lead new alpha research in addition to enhancing our suite of existing alpha strategies
• Development of statistical models and machine learning frameworks for evaluation of execution methods, algorithms and customized TCA (transaction cost analysis)
• Proactively co-ordinate with partners in Quant and Technology to enable seamless implementation and technical support
• Communicate and work closely with Portfolio Managers and Traders to ensure ideas are sharpened and implemented in an efficient manner
  
  

Requirements

• Master’s degree in a quantitative discipline (mathematics, engineering, econometrics, physics)
• 3+ years of experience in a quantitative analytics role within a trading environment preferably at a bank (Automated Market Making / Algo Analytics / eTrading) or hedge fund / asset manager focused on development of execution and systematic strategies sensitive to transaction costs, with a focus on rates and related liquid markets
• Strong programming skills and numerical problem-solving techniques; proficiency with Python with a preference for experience with high frequency data, kdb+/Q and modern development stack
• Excellent analytical and quantitative skills, with strong attention to detail
• Experience applying Data Science and Machine Learning techniques to solve complex data intensive problems.
• Self-starter, willing to lead by doing
• Ethical, collaborative, organized, flexible, high energy, self-starter, accountable, humble
  
  

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: $ 205,000.00 - $ 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.