Senior Compliance Associate Senior Compliance Associate …

in Austin, TX, United States
Permanent, Full time
Last application, 03 Feb 20
in Austin, TX, United States
Permanent, Full time
Last application, 03 Feb 20
Senior Compliance Associate
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 $1.91 trillion in assets for clients around the world. PIMCO has over 2,800 employees in 17 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:

This position will be within the Legal & Compliance Department in PIMCO's Austin Office. The Senior Associate (Associate) will provide direct support to the firm's broker-dealer and investment advisory regulatory compliance programs.

With respect to the broker-dealer, the Associate will provide assistance with: licensing and registration activities of registered representatives; surveillance of electronic communications; recordkeeping management, intermediary due diligence, conflict of interest reviews; compliance testing and monitoring related to compliance program requirements, and policies & procedures enhancements, as well as one-off projects.

A successful candidate will also be expected to maintain a general understanding of global compliance policies, specific regulatory requirements and their relevance to particular aspects of PIMCO's business, related compliance monitoring procedures and documentation protocols.

• Monitor registered representatives and associate person activities in consideration of FINRA and NFA licensing and registration requirements
• Conduct surveillance of electronic communications of FINRA registered representatives
• Conduct compliance monitoring reviews related to potential conflicts of interest and investor suitability compliance and document compliance findings and identify items for further escalation
• Play a leading role in vendor oversight processes applicable to the broker-dealer
• Perform annual compliance program reviews and testing of investment advisory and broker-dealer controls
• Assist in the execution of initial and on-going due diligence for intermediaries including risk ranking and evaluation based on internal requirements
• Assist the Legal and Compliance department with on-going initiatives as needed

Position Requirements:

• Work experience in the financial services/asset management industry is required
• Applicable legal/compliance experience is preferred
• Ability to interact with colleagues of all levels and clearly understand complex concepts is required
• Familiarity with federal securities regulations, including FINRA, SEC and NFA requirements
• Knowledge of the following is preferred: the firm's compliance program, policies and requirements, and investment advisory/broker-dealer regulatory requirements
• Strong background in utilizing Microsoft Excel, including Excel formulas (e.g., vlookups, Pivot tables, PowerPoint, and Word)
• Demonstrated ability to think innovatively and to execute in a focused highly tactical manner
• Ability to work in a self-directed manner is critical, successful individual will pro-actively identify issues and be solution oriented
• Demonstrated ability to communicate effectively including strong business writing and verbal skills
• FINRA Series 7 and 24 is not required, but preferred
• Ability to focus on specific personal and team goals and demonstrate a sense of personal growth, accountability and urgency for achieving results

• Have a strong sense of integrity, behaving consistently with expressed values and ethical principles of PIMCO
• Understanding of conflicts of interest and how they can affect PIMCO's business
• Gain knowledge of business functions/roles within PIMCO
• Ability to flourish in a challenging, fast-paced and professional environment with frequent shifts in priorities as business needs dictate

• An undergraduate degree with a preferred major in business, finance or related field is required


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