Regulatory Reporting Associate

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Job description

About Us:

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:

We are looking to hire an energetic, ambitious and inquisitive senior associate for our London-based Regulatory Operations team that oversees PIMCO's MiFID II trade and transaction reporting obligations for our London and Munich offices. The team's core objectives are centered around best-in-industry regulatory reporting excellence, accuracy, and efficiency, and this role will be a key contributor to the team's continued success. We take a data-centric approach to solving complex regulatory challenges, utilizing vended and internally built controls that utilize technology to the fullest, to drive continuous improvement and stay at the forefront of the industry on regulatory reporting best practice.

On a daily basis the associate will utilize their judgement, decision-making skills and experience to manage the regulatory reporting trade flow, reporting locally to a Vice President in Operations. The role brings opportunities to gain a deep understanding into the business processes of PIMCO across a diverse set of financial products and trading scenarios, while also taking a hands-on analysis approach using data science techniques and tools.

Responsibilities include:

• Daily validation of high volume and broad product range of transactional data to European regulators (FCA and BaFin) as required by MiFID II
• Troubleshoot and resolve daily reporting exceptions to meet tight regulatory deadlines
• Oversee daily reconciliation tools and processes built for ensuring completeness, accuracy, and timeliness of reported data
• Maintain and update key static reference data including client, counterparty, venue, and internal decision maker identifiers
• Coordination with Middle Office, Trade Floor, Legal and Compliance, Technology, key external vendor systems, and other teams as necessary
• Prepare internal metrics and summaries to senior stakeholders on reporting efficiency
• Conduct ad hoc analysis to research and identify anomalies and patterns within our reporting data
• Contribute to the creation of new requirements within the global regulatory change book-of-work

Position Requirements:

• 3+ years equivalent work experience with a leading investment manager or sell-side firm working in a regulatory reporting or middle office role
• Familiarity of financial industry regulatory regimes (preferably MIFID II, or G20 EMIR / SFTR)
• Strong understanding of trade operations, buy-side front-to-back trade lifecycle across a diverse set of financial products
• Strong data analysis tools in Excel, and preferably exposure to Python, SQL, and/or business intelligence reporting tools
• Experience using Bloomberg, especially Bloomberg's Regulatory Reporting solution (RHUB)
• Proficiency in Microsoft Office products (Excel, Word, Outlook)
• Able to work independently and as part of a global team
• Intuitive and analytical thinker with excellent written and verbal communication skills, with the ability to influence stakeholders at all levels

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