Job Abstract

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 marketing conditions. As active investors, our goal is not just to find 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.

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.

2024 Winternship - Quant Research Analyst, Client Analytics

Internship opportunities are located at PIMCO’s Newport Beach, CA Headquarters

Requirements:

• Quantitative Master’s degree (financial engineering or other technically demanding program such as theoretical physics or math) with an expected graduation date of December 2024 - June 2025
• Strong interest in any of the following areas:
  • Finance theory (especially portfolio theory and asset pricing)
  • Econometrics (particularly time series)
  • Data science and machine learning
• Excellent programming skills (preferably Python or Matlab)
• Strong communication and writing skills
• Good exposure to and knowledge of financial markets
• Fluent in English (speaking, reading, writing)

Desired candidates should possess the following skills and characteristics:

• Interest & background in finance theory, especially portfolio theory, asset allocation techniques, option pricing, and asset pricing.
• Programming skills and numerical problem solving techniques; training & experience with Python, Matlab, SAS, C++, or other related language. SQL knowledge preferred.
• Formal training in Econometrics is desired, particularly time series econometrics such as vector auto regression, error correction models, Kalman filtering techniques, etc.
• Comfortable working with large data sets, both structured & unstructured
• Good exposure to & knowledge of financial markets
• Ethical, intellectually curious, collaborative, organized, flexible, high energy, self-starter, accountable, humble

Client Analytics

The client analytics team produces innovative thought leadership and quantitative research for PIMCO’s clients. Candidates can expect to publish research pieces on relevant market themes, construct bespoke investment solutions, and develop platforms and applications to better analyze client portfolios. The team’s research topics are broad-ranging adapting to market trends and client interest. Recent publications include views on inflation, the role of fixed income in a low yielding environment, private asset risk and performance, smart beta emerging market portfolios, and retirement planning. Candidates should be hands-on creative thinkers able to build research and investment solutions from inception to completion to fit client needs. Candidates will collaborate with multiple parts of the firm, including Portfolio Management, Product Strategy, and Client Management and can expect to be involved in both internal as well as client presentations. Applicants should have a strong quantitative background as well as excellent public speaking skills.

Key responsibilities would include:

• Working on innovative research in asset allocation, portfolio optimization, trading signals, asset returns and valuation
• Contributing to highly customized asset allocation and portfolio construction studies for key clients
• Designing, developing, and improving the suite of client analytics models and applications

Program Details

• Program runs 10 weeks; October 14 – December 20, 2024
• Winternships will begin with on the desk training
• Formal mentor program
• Formal reviews/feedback at mid-point and end-of-program

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.