Quantitative Research Analyst
We are PIMCO, a leading global asset management firm. We manage investments and develop solutions across the full spectrum of asset classes, strategies and vehicles: fixed income, equities, commodities, asset allocation, ETFs, hedge funds and private equity. PIMCO is one of the largest investment managers, actively managing more than $2.2 trillion in assets for clients around the world. PIMCO has over 3,070 employees in 22 offices globally. PIMCO is recognized as an innovator, industry thought leader and trusted advisor to our clients.
PIMCO is one of the world's premier fixed income investment managers with thousands of professionals around the world united in a single purpose: creating opportunities for our clients in every environment. Since 1971, we have brought innovation and expertise to our partnership with the institutions, financial advisors and millions of individual investors who entrust us with their assets. We aspire to cultivate performance and leadership through empowering our people, diversity of thought, and a commitment to an inclusive culture that engages in our global communities. Position Description:
Pacific Investment Management Company LLC (PIMCO) seeks a Quantitative Research Analyst for its Newport Beach, CA location. Job ID 32579
Duties: Apply statistical, optimization, and probability methods together with Economic and Finance theories to build systematic trading models for Client Analytics and Solutions teams. Conduct research, develop internal infrastructure, and build analytical tools to support development of systematic strategies and trading models. Research, evaluate and utilize alternative new data sources with an emphasis on effectively positioning data, ingesting data and understanding the implications of data. Engage in fund modelling and back-test analysis for different trading strategies across various asset classes. Collaborate with specialist Portfolio Managers to understand market factors and build strategies to systematically capitalize on inefficiencies. Conduct exploratory research to identify inefficiencies using statistical approaches. Analyze model performance, portfolio construction and optimization in the presence of real-world constraints, as well as transaction cost analysis (TCA) and risk management. Perform portfolio level analytics, including portfolio optimization, risk profile analysis, stress test and factor analysis. Lead the development of Application Programming interface and quantitative tools for the quantitative desk. Position Requirements:
Must have a Master's degree in Finance, Mathematics, Financial Engineering, or related quantitative field. Required experience and/or academic coursework must include: Performing quantitative research utilizing mathematical, statistical, optimization, and probability theories and tools, including multi-horizon optimization, statistical inference, convex programming, stochastic differential equations, stochastic process, martingale theory, Monte Carlo simulations, financial derivative theories, differential equations, Hidden Markov model, and error correction; Utilizing SQL to access databases for quantitative research; Conducting regression analysis and factor analysis to identify signal alphas and evaluate strategies; Programming in Python and R to code strategies and analytics tools in support of risk analysis; Conducting back-testing to analyze historical data, and testing historical performance using time series analysis; Evaluating performance of funds and strategies using statistical analysis including VAR, drawdown analysis, Sharpe Ratio, skewness, and z-score; Conducting financial forecasting on risk profiles and asset performance of historical data using Bootstrap and Monte Carlo simulations.
Background check and drug screening required prior to employment. Pacific Investment Management Company LLC is an EEO/AA Employer. This position is eligible for incentives pursuant to Pacific Investment Management Company LLC's Employee Referral Program. Benefits:
PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and well-being of you and your family. Benefits vary by location but may include:
- Medical, dental, and vision coverage
- Life insurance and travel coverage
- 401(k) (defined contribution) retirement savings, retirement plan, pension contribution from your first day of employment
- Work/life programs such as flexible work arrangements, parental leave and support, employee assistance plan, commuter benefits, health club discounts, and educational/CFA certification reimbursement programs
- Community involvement opportunities with The PIMCO Foundation in each PIMCO office