Investment Grade Portfolio Manager/Trader recruitment

Job ID: 12825

Position Description:
INVESTMENT GRADE PORTFOLIO MANAGER AND TRADER

Position Summary

PIMCO is seeking to recruit a senior level investment grade credit portfolio manager and trader based in Newport Beach to augment the existing portfolio management team. PIMCO's dedicated corporate bond assets are over $200 billion with roughly $500 billion in total investment grade credit exposure across all portfolios at the firm.

The position will be responsible for generating investment ideas, implementing strategies, trade execution and assisting with the day-to-day management of the firm's global corporate bond portfolio. He or she will have a strong understanding of relative value and fundamental credit analysis, knowledge of portfolio/risk management and an overall interest in macroeconomics and fixed income markets.

Key Relationships
Reports to:
Mark Kiesel, Managing Director, Global Head
of Corporate Bond Portfolio Management

Other key relationships:
Bill Gross, Managing Director/Founder
co-CIO
Mohamed El-Erian, Managing Director/CEO
co-CIO
Portfolio Managers, Credit Analysts, Brokers,
Traders and Clients

Major Responsibilities

• Perform relative value analysis across a credit debt maturity schedule, between cash and CDS and throughout the capital structure

• Generate trade ideas within the capital structure, between credits and across asset classes as appropriate (cross-over, HY, EM corporates and bank loans)

• Assist in the day-to-day management of the firm's global corporate bond portfolios.

• Execute trades and coordinate information flow for the Investment Grade Corporate Desk.

• Communicate issues, market fluctuations and general news to the Investment Grade and generalist Portfolio Managers.

• Contribute to the formation of the team's market views and integrate them into client portfolios where appropriate.

• Strategize with Portfolio Managers on methods of adding or reducing exposure in industries or individual credits.

Position Requirements:
Skills and Qualifications

• Minimum of 10 years of experience investing in IG Credit. Buy-side experience a must.

• Understanding of basic fundamentals and concepts of portfolio/risk management and index products. Experience trading CDS is required.

• Strong credit skills and judgment; experience as a credit analyst would be a strong plus.

• Excellent communication skills and the ability to develop strong relationships.

• Team player coupled with a sense of ownership and accountability.

• Strong academic credentials and achievements; MBA preferred.

• Unassailable ethics and integrity.

About PIMCO:

PIMCO is a global investment management firm that was founded in Southern California in 1971. The firm serves an array of clients and manages retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Our clients include state, municipal, union and private sector pension and retirement plans, educational, foundations, endowments, philanthropic and healthcare institutions, individual and investment saving accounts, public sector reserve management and other public entities in North and Latin America, Europe, the Middle East and Asia.

PIMCO has more than 2,000 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Milan, Munich, New York City, Singapore, Sydney, Tokyo, Toronto and Zurich. At March 31, 2012, PIMCO's assets under management were $1.7 trillion. Effective March 31, 2012, PIMCO began reporting the assets managed on behalf of its parent's affiliated companies as part of its assets under management.

PIMCO IS AN EQUAL OPPORTUNITY EMPLOYER