Quantitative Research Analyst## at### DescriptionPIMCO 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 The alternatives business at PIMCO continues to expand its fund offerings and remains a key growth area for the firm. We are seeking a quantitative analyst / desk quant to join our London front office trading analytics team to support this expansion and assist Portfolio Managers in their investment and asset management decisions. The London team covers a variety of asset classes, for US, Europe, and Asia, with a focus on asset-backed finance (ABF), performing and non-performing loans, SRTs, unsecured lending, and consumer credit asset classes. The focus of the role will be to perform initial value deal assessments via data analysis, modelling and pricing of fundamental risks, and relative value (across capital structures and asset classes) analyses. Post-trade support is also a fundamental consideration where we monitor and report on collateral and trade performance (surveillance). The chosen candidate will be highly technical and have a good understanding of asset pricing (including risk neutral, CAPM) theory, probability theory, and experience with key asset classes (namely asset-backed, credit, and/or rates). Ideally you will have a front office quant (sell or buy side) background and be proficient in developing new pricing models and implementing into Python code. An ability to develop new approaches to pricing bespoke transaction features is important, as is experience with working with, and contributing to, large coding infrastructures. Ability to work closely with Portfolio Managers and build strong relationships is highly desirable. Requirements Masters degree or PhD in Mathematics, Physics (non-experimental), Probability/Statistics, Engineering, or (Mathematical) Finance. Familiarity with asset-backed structured products, Intex and data analysis or empirical modelling is a strong plus. Minimum of 3 years of relevant professional experience at a top sell-side or buy-side institution in a front office quantitative role. Exceptional quant / analytical skills – knowledge of advanced pricing techniques, asset pricing theory, probability theory, and cash flow / bond maths (e.g. OAS calculations). Experience designing, coding, and implementing pricing and surveillance frameworks for automation / streamlining of tasks. Strong coding skills in Python – candidates for whom Python experience is limited to occasional / hobby usage should not apply. Experience with structuring / liability-side (e.g. SPV mechanics) aspects of finance a big plus. Working knowledge of Linux/Unix/Bash and SQL would be a plus. 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.##PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed-income investing.In the 50+ years since, we have worked relentlessly to help millions of investors pursue their objectives – regardless of shifting market conditions. As active investors, our goal is not just tofind opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions and service to our clients.Active ManagementWe take an active approach to fixed income investing – one in which we express high convictionviews without allowing any single risk to dominate returns. Over our 50 year history, we have found this helps us to deliver positive outcomes for investors and avoid outsized risks that maybe inherent in passive approaches.Tested ProcessWe have a proven ability to help investors navigate shifting investment conditions – including times of market stress. Honed over decades, our process has helped millions of investorsmanage risks and pursue returns over meaningful time periods.Culture of InnovationFinancial markets are changing rapidly and it is crucial for investors to adapt. That is why innovation is part of the fabric of our culture. Importantly, we develop solutions based on investors’ needs and investing opportunities – not on near-term asset-raising potential. And we invest in top technology, tools and resources to help them succeed.
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