Head of Collateral Management

Posted:
4/18/2024, 5:00:00 PM

Location(s):
Newport Beach, California, United States ⋅ California, United States

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

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.

PIMCO is seeking a highly skilled and experienced professional to join our team as the Head of Collateral Management. This role is responsible for overseeing the firm's collateral management operations as well as establishing and executing strategic priorities to further optimize collateral processes.  The ideal candidate will bring a deep understanding of the financial markets, a strategic mindset, and a proven track record in collateral management within a top tier financial institution.

  

Key Responsibilities

  • Strategic Leadership: Develop and implement a comprehensive collateral management strategy that aligns with PIMCO's overall business objectives.
  • Risk Management: Identify, assess, and mitigate risks associated with collateral management, and serve as a member of PIMCO’s Counterparty Risk Committee. 
  • Process Optimization: Continuously evaluate and improve collateral management processes and systems to increase efficiency, reduce costs, and enhance control.
  • Stakeholder Engagement: Work closely with trading desks, risk management, operations, and technology teams to ensure seamless collateral operations. –
  • Regulatory Compliance: Ensure global compliance with all relevant regulations and industry standards related to collateral management.
  • Team Development: Lead, mentor, and develop a team of collateral management professionals.
  • Counterparty Management: Interface directly with derivative counterparties to ensure PIMCO’s overall business objectives are being met

 

Position Requirements

  • Experience: Minimum of 10 years of relevant experience in collateral management, preferably within an asset management firm or investment bank, with a strong focus on a wide range of asset classes and instruments, especially fixed income.

  • Broad Expertise: Proven experience with both exchange traded and over-the-counter (OTC) derivatives, collateral optimization strategies, prime brokerage, and an understanding of Uncleared Margin Rules (UMR) requirements.

  • Global Knowledge: Deep understanding of financial instruments and associated documentation, including derivatives, securities lending, prime brokerage, and repo markets. Experience working with major exchanges and clearinghouses, including but not limited to the CME, LCH, ICE,

  • Leadership: Proven leadership skills with the ability to manage and develop high-performing teams. Track record of building credibility and trust through consistent behavior, high integrity, and judgment

  • Strategic Thinking: Strong strategic planning and execution skills, with the ability to think critically and solve complex problems.

  • Communication: Excellent communication and interpersonal skills, with the ability to engage effectively with stakeholders at all levels.

  • Education: Bachelor's degree in Finance, Economics, or a related field. Advanced degree or professional certifications (e.g., CFA, FRM) preferred.

PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance.


Salary Range: $ 208,000.00 - $ 305,000.00

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.