Trader - Short Term European Desk

London, United Kingdom
31 Jan 2023
02 Mar 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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.

PIMCO is seeking a London based trader for its European Short Term desk. The Short Term desk is responsible for executing trades, formulating and constructing investment strategies in European money markets, frontend bonds and derivatives. The candidate must have functional competency in trading repo and commercial paper markets. Additional competency trading OIS linear derivative products and data analytics skills would be added benefits. The candidate is expected to execute and generate bottom-up investment strategies and to fulfil the daily flow while developing strong working relationships with sell-side institutions.

Key Responsibilities
  • Be an active contributor in PIMCO's European repo and reverse repo book including trading bilateral repo, sponsored repo, cross currency repo and structured repo.
  • Trade European short-dated cash instruments including government T Bills and bonds, time deposits, commercial paper and short-dated corporate bonds.
  • Assist the desk in building data analytics to help the optimization and scalability of short term strategies.
  • Continuously look to improve processes and drive automation.
  • Learn and stay up to date with the latest market intelligence and developments to apprise PIMCO's firm-wide portfolio management team.
Position Requirements
  • Bachelor's degree from an accredited institution demonstrating strong academic credentials.
  • Approximately three years of relevant experience working in a financial institution either buy-side or sell-side.
  • Strong quantitative experience with developing, modifying, and using empirical investment models to analyze, compare, and contrast a diversity of market data and economic variables.
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.