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High Yield Trader
Pimco
Newport Beach, CA, United States
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Position Description
PIMCO is seeking to recruit a high yield trader based in Newport Beach. This individual will be responsible for trading significant amounts of high yield assets for the Firm, performing fixed income credit analysis and managing relationships with brokerage firms. The ideal candidate will have a background in fixed income, options and derivatives and be familiar with flows, liquidity and opportunities that are present in the high yield market. This individual would be responsible for writing new issue recommendations to the trade floor. PIMCO’s has roughly $50bn+ billion in total high yield exposure across all portfolios at the firm.
In addition to trading experience, this position requires strong relative value skills, general knowledge of portfolio/risk management and fixed income credit analysis with an overall interest in macro-economics and quantitative analysis.
Position Requirements
• Minimum of three years of high yield trading experience
• Outstanding trading skills with proven track record
• Excellent fixed income product knowledge and strong quantitative skills
• Ability to execute trades and coordinate information flow for the HY Desk
• Understanding of basic fundamentals and concepts of portfolio/risk management and HY products
• Credit derivative and CDX knowledge a plus
• Strong communications skills, internally and externally. Manage the flow of information from the markets to internal constituencies. Develop and manage external trading relationships
• Ensure that securities trading programs are in compliance with individual accounts (in concert with Account Managers and Portfolio Managers).
• Ability to strategize with Portfolio Managers on methods of adding or reducing exposure in industries or individual credits
• Well organized, high energy level/self-starter, must work well in a team environment, especially with other senior portfolio managers
• Ability to develop thoughtful trading strategies for specific objectives and/or recommended alternative strategies for achieving portfolio goals.
• Strong academic credentials and achievements
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.