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GWM Risk Associate

New York
Job Type
8 Sep 2022
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:

This position will support the Global Wealth Management (GWM) Head of Business Risk and Partner Policy to build this functional area which is new to the firm. This area supports the US GWM client-facing distribution and business channels (field and internal sales, private client, business development and growth initiatives (ETFs, SMA, Alts)). In addition, this function is a liaison to strengthen the relationship, communication and infrastructure between GWM businesses and internal partners such as Strategic Accounts, Legal, Compliance and Marketing. This position is based in our New York City office.

This is an exciting opportunity to help establish a new function within the firm and gain knowledge of many aspects of the GWM business and strategy and work with many partners. The position requires a professional with diplomatic and analytical skills who can flourish in a challenging, fast-paced, and professional environment with frequent shifts in priorities as business needs dictate. The candidate should have the ability to work with all levels of management across different functional areas and have strong time management, organizational and interpersonal skills.

Key responsibilities include, but are not limited to:
  • Provide support to the Head of GWM Business Risk and Partner Policy to establish a first line of defense risk management and governance program to ensure the business operates in an effective and compliant manner while delivering on its strategic goals.
  • Review sales practices against applicable compliance standards and identify risks and help develop risk-based infrastructure/processes for GWM businesses, including monitoring of controls
  • Assess existing infrastructure and through automation build enhancements/tools for greater efficiency and effectiveness for GWM management and businesses to perform their day to day activities
  • Gain strong understanding of key sales activities and applicable compliance standards for areas such as non-cash compensation, use of electronic communications and marketing, social and digital communications
  • Proactively assess impact and risks related to business and regulatory/compliance changes
  • Assist with drafting business procedures, guidelines and other communications; help develop effective training to reinforce policies, procedures, controls, ethical practices across GWM businesses and mitigate risks
  • Must take initiative in learning and applying new skills, understanding the business model and activities, partner firm requirements, applicable policies and regulations that govern the GWM businesses
  • Prepare quarterly reporting for various senior management groups across GWM that address risk, efficiency, gaps, trends and key activity reporting (areas include: coding and limits for expenses, email review, registrations, partner firm requirements, management of business resource documents, training of sales personnel)
  • Develop deep understanding of third party partner firm and client standards to build efficient and effective processes and controls to ensure business meets client requirements
  • Advocate for business objectives and needs while understanding the regulatory and risk concerns
  • Assist with any audits, compliance inquiries or corporate issues relating to US GWM Sales
  • Review and provide timely, accurate and thoughtful guidance to business when questions are raised
  • Help to facilitate new product launches in partnership with firm stakeholders

Position Requirements:

  • Excellent problem-solving and project management skills with a high attention to detail
  • Excellent communication and presentation skills; the ability to articulate clear ideas/strategies, both verbally and in writing, internally and externally
  • Bright, critical thinker, solutions-oriented and a quick learner with the ability to quickly assess a situation and generate new creative insights and usable ideas
  • Service-oriented; the ability to balance regulatory and policy standards along with a business perspective
  • A highly motivated, self-starter with the willingness to "roll up your sleeves" and the ability to drive change
  • Exceptional organizational skills; the ability to effectively prioritize tasks, follow up, produce consistently accurate work, and meet strict deadlines
  • Highly flexible and adaptable, possess sound judgment, multi-task oriented: capable of rapidly changing directions based on business demands
  • Consensus builder and team player with the ability to work well within a matrixed organization
  • A keen desire for process improvement
  • Demonstrated self-awareness, cultural skills, and sensitivities to work effectively in a global organization
  • Have a strong sense of integrity, behaving consistently with expressed values and ethical principles of PIMCO
  • Strong working knowledge of MS Office suite including Word and Excel and able to pick up others systems easily (contact management, workflow and expense management systems); knowledge of other systems/tools to aid in project management and database building; strong data analysis and data presentation skills

  • Minimum 3 years of professional experience, such as regulatory compliance, paralegal or audit experience with a large and diverse investment management firm or sales administrator, branch office manager or asset management operations
  • An undergraduate degree is required
  • General knowledge of regulatory requirements applicable to US broker-dealers or able to quickly learn and apply
  • Knowledge of fixed income, alternatives, derivatives, commodities and equity strategies a plus
  • Knowledge of mutual fund and private fund distribution and sales practices a plus

  • Must possess a four-year college degree
  • Series 7, 63 and 24 registrations preferred or must be willing to obtain within 180 days


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

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  • Job Reference: 707224668-2
  • Date Posted: 8 September 2022
  • Recruiter: PIMCO
  • Location: New York
  • Salary: On Application
  • Sector: Sales & Marketing
  • Job Type: Permanent