2025 Masters Summer Internship – Portfolio Risk Manager

Pimco

Sep 24, 2024

Applications are closed

Internship
Full-time
Summer Internship
Data
Banking & Finance
Newport Beach

Requirements

Pursuing a Quantitative Master’s degree (financial engineering or other technically demanding program such as theoretical physics or math)
Must be able to begin full time employment from a PIMCO office between January 2026 – August 2026
Must be enrolled at a university during the Fall 2025 semester (August 2025 – December 2025)
Bachelor’s degree focus in Finance, Economics, or other technical degree is preferred.
Minimum 3.2 cumulative collegiate grade point average, on a 4.0 scale or the equivalent, at an accredited 4-year college or university
Fluent in English (speaking, reading, writing)
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

Responsibilities

The Risk Management team works across Portfolio Management to ensure that portfolio risk exposure is consistent with the firm’s economic outlook, the intended risk-return profile of each mandate, and the philosophy and preservation of our client’s capital. Risk managers review portfolio composition and concentrations, and manage associated risk by analyzing and identifying risk issues in the form of market risk (including counterparty risk) and initiating change where necessary through dialogue with other portfolio managers. Interns will work to develop analysis/reporting tools in Excel, VBA and by accessing databases (SQL), conduct reviews of historical and current performance and dispersion in the portfolios to identify market trends and perform detailed portfolio reviews, including reviews of trade types, layering, and analysis of line items. The team also supports client facing account and product managers on risk-related questions and attend client meetings to present PIMCO’s approach to risk management.

FAQs

What is the primary focus of the Portfolio Risk Manager internship at PIMCO?

The primary focus of the internship is to work with the Risk Management team to ensure that portfolio risk exposure aligns with the firm's economic outlook and intended risk-return profile, while analyzing and identifying market risks and reporting on portfolio performance.

What qualifications are required to apply for the internship?

Candidates must be pursuing a Quantitative Master's degree, be enrolled in a university during the Fall 2025 semester, have a Bachelor's degree in a relevant field, maintain a minimum 3.2 GPA, and be fluent in English.

When will the internship take place?

The PIMCO Internship Program runs from Monday, June 9, 2025, to Friday, August 15, 2025.

Is prior work experience in finance required?

While prior work experience is preferred, it is not explicitly required. However, candidates should possess relevant knowledge and skills related to finance theory, programming, and data analysis.

What programming languages are preferred for this internship?

Preferred programming languages include Python, Matlab, SAS, C++, and knowledge of SQL is recommended.

Will there be training provided during the internship?

Yes, interns will undergo a formal week of training known as the PIMCO Fundamentals program to equip them with necessary skills and knowledge for success during the internship.

What kind of work will interns be doing?

Interns will develop analysis/reporting tools in Excel and VBA, access databases using SQL, conduct portfolio reviews, analyze performance, and assist in risk-related questions for client meetings.

How is the internship structured in terms of mentorship?

Interns will be paired with seasoned professionals who will provide guidance and mentorship throughout the duration of the internship.

What can interns expect in terms of compensation?

Interns will receive competitive compensation, along with a transition bonus to assist with relocation to one of PIMCO's office locations.

How does PIMCO approach diversity and inclusion?

PIMCO is an equal opportunity employer committed to creating an inclusive environment and promotes affirmative action without regard to various personal attributes such as race, gender, and disability.

Pimco

Through changing markets & changing times, PIMCO has been a global leader in active fixed income for 50+ years.

Finance

Industry

1001-5000

Employees

1971

Founded Year

Mission & Purpose

PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world’s largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns