Mortgage Derivatives Portfolio Manager

  • Competitive
  • Newport Beach, CA, USA
  • Permanent, Full time
  • Pimco
  • 11 Dec 17 2017-12-11

Mortgage Derivatives Portfolio Manager

Position Description

PIMCO is seeking to recruit an Agency MBS Portfolio Manager based in Newport Beach to augment the existing portfolio management effort. This individual will work with the Liquid Products group, in generating and executing relative value and derivatives strategies within PIMCO's portfolios. Because of the importance of these portfolios and strategies, this will be a particularly important and visible role within PIMCO and one that could lead to significant long term career opportunities for the right individual.


  • Assist in the overall management of PIMCO's mortgage derivatives,structured products, and MBS portfolios.
  • Generate ideas for relative value trades across PIMCO's portfolios.
  • Implement cash & derivatives strategies.
  • Execute trades, large and small.
  • Communicate market information and trends to other investment professionals within the firm.

Position Requirements

  • Minimum 5+ years' experience within mortgage derivatives and structured products and/or Agency MBS portfolio management.
  • Extensive derivative and CMO Structuring experience
  • Demonstrated ability to generate ideas and strategies that enhance portfolio returns and mitigate risk.
  • Clear communication a must.
    • Ability to deliver complex or simplified versions, articulating complex securities and strategies.
  • Strong academic credentials and achievement.
  • Understanding of macro-economics and the drivers of economic trends.
  • Ability to work across the organization with portfolio managers, account managers, and others in a collaborative manner.
  • A collegial work style..
  • Exceptional work ethic and ability to succeed in a high intensity environment
  • Unassailable ethics and integrity.

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.