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PIMCO

European Rates Trader

Posted 7 Days Ago
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In-Office
London, Greater London, England, GBR
Junior
In-Office
London, Greater London, England, GBR
Junior
Executes and manages European cash and derivatives trades across EUR and GBP government bond and interest-rate markets. Generates investment ideas using market knowledge, macroeconomic analysis, quantitative models, and market data. Provides market insight to portfolio managers, supports portfolio-management activities, and develops relationships with sell-side strategists and traders. The role requires at least two years of European rates trading experience, strong quantitative skills, communication, collaboration, and composure in a high-intensity environment.
The summary above was generated by AI

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.

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.

Job Description

PIMCO is seeking a London based trader for its UK and Europe rates desk. The individual will be responsible for executing trades, formulating and constructing investment strategies in liquid European government bond, interest rates, and derivatives markets. The candidate must have functional competency in all the rates-related linear and derivative products. This candidate is expected to execute and generate bottom-up investment strategies and to manage and build strong working relationships with sell-side strategists/traders.

Responsibilities
  • Responsibilities involve execution of trade orders and management of the firm wide European cash and derivatives books.

  • Idea generation and identification of trade opportunities.

  • Combine market knowledge with macroeconomic and quantitative analysis to generate investment ideas in liquid UK and pan European rates space.

  • Primary focus will be on EUR & GBP denominated government bonds and interest rates derivatives, with the opportunity to develop into a wider range across DM and EM.

  • Provide market color and insight to other portfolio managers. Apply broad range of skills to ad hoc requests within the broad portfolio management context, assisting across functional areas.

Requirements
  • Bachelor's degree from an accredited institution demonstrating strong academic credentials.

  • Minimum of two years of successful trading experience in European government bonds, interest rates and derivatives at a prominent buy-side or sell-side institution.

  • Strong quantitative background with developing, modifying, and using empirical investment models to analyze, compare, and contrast a diversity of market data and economic variables.

Critical Competencies for Success
  • Good communication capabilities within the team and with other global portfolio managers.

  • Highly quantitative approach to developing trade ideas.

  • Astute ability to respect, listen to, and collaborate well with colleagues and clients.

  • A common sensical approach to investing.

Other Personal Characteristics
  • Exceptional work ethic and ability to succeed in a high intensity environment.

  • Low ego, good sense of humour, emotional maturity, and humility to accept developmental feedback.

  • Strength of conviction without stubbornness.

  • Ability to remain calm and objective regardless of market volatility.

  • Unassailable ethics and integrity.


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.

PIMCO London, England Office

11 Baker Street, London, United Kingdom, W1U 3AH

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