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Quantitative Research Analyst

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Pimco

3mo ago

  • Job
    Full-time
    Mid Level
  • Data
    Banking & Finance
  • London
  • Quick Apply

AI generated summary

  • You need a Master's/PhD in a quantitative field, 3+ years in a front office role, strong Python skills, and familiarity with asset-backed products and pricing frameworks.
  • You will analyze data, model fundamental risks, assess deal values, support post-trade performance monitoring, and collaborate with Portfolio Managers on pricing strategies.

Requirements

  • Masters degree or PhD in Mathematics, Physics (non-experimental), Probability/Statistics, Engineering, or (Mathematical) Finance.
  • Familiarity with asset-backed structured products, Intex and data analysis or empirical modelling is a strong plus.
  • Minimum of 3 years of relevant professional experience at a top sell-side or buy-side institution in a front office quantitative role.
  • Exceptional quant / analytical skills – knowledge of advanced pricing techniques, asset pricing theory, probability theory, and cash flow / bond maths (e.g. OAS calculations).
  • Experience designing, coding, and implementing pricing and surveillance frameworks for automation / streamlining of tasks.
  • Strong coding skills in Python – candidates for whom Python experience is limited to occasional / hobby usage should not apply.
  • Experience with structuring / liability-side (e.g. SPV mechanics) aspects of finance a big plus.
  • Working knowledge of Linux/Unix/Bash and SQL would be a plus.

Responsibilities

  • The alternatives business at PIMCO continues to expand its fund offerings and remains a key growth area for the firm.
  • We are seeking a quantitative analyst / desk quant to join our London front office trading analytics team to support this expansion and assist Portfolio Managers in their investment and asset management decisions.
  • The London team covers a variety of asset classes, for US, Europe, and Asia, with a focus on asset-backed finance (ABF), performing and non-performing loans, SRTs, unsecured lending, and consumer credit asset classes.
  • The focus of the role will be to perform initial value deal assessments via data analysis, modelling and pricing of fundamental risks, and relative value (across capital structures and asset classes) analyses.
  • Post-trade support is also a fundamental consideration where we monitor and report on collateral and trade performance (surveillance).
  • The chosen candidate will be highly technical and have a good understanding of asset pricing (including risk neutral, CAPM) theory, probability theory, and experience with key asset classes (namely asset-backed, credit, and/or rates).
  • Ideally you will have a front office quant (sell or buy side) background and be proficient in developing new pricing models and implementing into Python code.
  • An ability to develop new approaches to pricing bespoke transaction features is important, as is experience with working with, and contributing to, large coding infrastructures.
  • Ability to work closely with Portfolio Managers and build strong relationships is highly desirable.

FAQs

What is the primary focus of the Quantitative Research Analyst position at PIMCO?

The primary focus of the position is to perform initial value deal assessments through data analysis, modeling, and pricing of fundamental risks, as well as conducting relative value analyses across various capital structures and asset classes.

What educational qualifications are required for this role?

A Master's degree or PhD in Mathematics, Physics (non-experimental), Probability/Statistics, Engineering, or (Mathematical) Finance is required.

How many years of experience do I need to apply for this position?

A minimum of 3 years of relevant professional experience in a front office quantitative role at a top sell-side or buy-side institution is required.

Is experience with specific asset classes important for this role?

Yes, experience with asset-backed structured products and familiarity with asset-backed finance (ABF), credit, and rates is a strong plus.

What technical skills must candidates possess for this position?

Candidates must have strong coding skills in Python, and experience in designing, coding, and implementing pricing and surveillance frameworks for automation is essential.

Will I have the opportunity to work closely with Portfolio Managers?

Yes, the role involves working closely with Portfolio Managers and building strong relationships with them.

Is familiarity with Intex and empirical modeling considered an advantage?

Yes, familiarity with Intex and data analysis or empirical modeling is considered a strong plus for this position.

What additional programming skills are beneficial for this role?

A working knowledge of Linux/Unix/Bash and SQL would be beneficial.

What are the values that PIMCO emphasizes within its organizational culture?

PIMCO emphasizes its CORE values of Collaboration, Openness, Responsibility, and Excellence in its high-performance inclusive culture.

Does PIMCO offer reasonable accommodation for individuals with disabilities during the application process?

Yes, PIMCO provides reasonable accommodation for qualified individuals with disabilities, including veterans, in the job application procedures.

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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