Internal Account Manager recruitment
Job ID: 12875
Position Description:
Company Overview
Established 40 years ago, PIMCO is today recognised as one of the world's leading investment management firms. With 12 international offices, we aim to provide local solutions and service to clients across the globe. Our on-the-ground presence in Europe - with offices in Amsterdam, London, Milan, Munich and Zurich - spans more than 10 years. With a successful track record in active fixed income management, PIMCO became part of the Allianz Group of companies in 2000, operating as an autonomous entity of the Group's asset management arm. Since then, PIMCO has experienced consistent growth across the range and diversity of strategies we manage, the type of clients we service, and the assets we manage on their behalf.
As of 30 September 2011 PIMCO has been entrusted to manage over US$1.3 trillion / £866 billion of client assets, of which US$185 billion / £118 billion is managed and service in Europe. We are a global investment solutions provider with a long history in fixed income management. PIMCO has expertise and significant resources committed to virtually every sector of the global bond market. Through both pooled and segregated accounts, we offer a full spectrum of core and alternative fixed income strategies across domestic, regional and global mandates. Importantly, as markets have evolved, we have worked closely with our clients to understand their particular investment requirements and to develop new strategies and innovative solutions to meet their objectives. These solutions might include our broad fixed income capabilities or strategies such as equities or commodities. Moreover, we have well developed platforms for LDI, absolute return and asset allocation solutions.
PIMCO has enjoyed a stable organisation throughout our 40-year history. We have attracted and retained key professionals, in part by providing a dynamic working environment and culture that rewards staff for excellence and their contribution, and partly owing to competitive financial incentives. Many of the professionals who were instrumental in PIMCO's founding and subsequent growth continue to be active in its management. We remain focused on our mission to Manage Risk and Deliver Returns for our clients.
Position Overview
PIMCO offers a wide variety of roles to interest and challenge both the investment-minded and the business-minded. Our firm is organized into four areas: Account Management, Product Management, Portfolio Management and Business Management. This structure, unique to the industry, is designed to promote the growth of our professionals and the firm by empowering each group to focus on what it does best.
At this time, the Munich Office is seeking an Internal Account Manager for the Account Management Group. The primary responsibility of Account Management is to foster and strengthen relationships with our client base, including their administrative contacts. Account Managers' responsibilities include communicating PIMCO's portfolio strategy, monitoring portfolios for compliance with the firm's strategy and client guidelines, obtaining approval for new products and brokers to facilitate an efficient trading process, and educating clients about a broad set of investment products and trading strategies. The KAG environment in Germany and Austria means that our clients in these countries have unique servicing requirements. Each client relationship has essentially two clients - the underlying client that wishes to use PIMCO for investment management and the KAG that hires PIMCO and that is responsible to the client for oversight and monitoring of the investment manager. Servicing the KAGs requires a good understanding of their place in the investment management industry and of their legal responsibilities.
Prior experience of managing investment manager relationships within a KAG environment would be of great benefit to this role.
• Development of client and KAG relationships at a senior level and on-going management of such relationships
• Management of custodian bank relationships at a senior level
• Advocate for PIMCO policies and improvement of KAG processes to meet global operating standards
• Review and negotiation of Operating Memoranda and Service Level Agreements between PIMCO Deutschland GmbH and KAGs
• Representation of PIMCO Deutschland GmbH at BVI re Operations issues
• Interaction with State Street IMS, our outsourced Back Office on KAG support requirements
Position Requirements:
Essential Job Functions
Competencies
• Good knowledge of fixed income products, derivatives and trade floor processes
• Are motivated, well organized, high energy self-starter
• Experience in the KAG environment, investment operations and financial markets
• Possess outstanding communication skills
• Enjoy working collaboratively across the organization in a team environment, including with senior level management
• Focus on specific, ambitious goals, and demonstrate a sense of personal accountability, ownership and urgency for achieving results
• Desire to make contributions and grow with the organization through a variety of developmental/promotional assignments (the nature of which will be based on available opportunities and actual performance in the current role)
• Ideally 5+ years of investment experience, project management skills are a plus.
• Role reports to a senior Account manager within Team Germany Account Management in Munich
• The ability to speak and write effectively in both German and English is a must
Personal Characteristics
• A collegial work style, sense of humor and thick skin
• Strength of convictions combined with low ego needs
• Ability to communicate clearly to people at all levels within PIMCO
• The ability to remain calm and objective during periods of excessive optimism or extreme pessimism in the capital markets
• Unassailable ethics and integrity
• Commitment to PIMCO's culture, values and approach