Senior Compliance Officer - U.S. Registered Funds

Newport Beach, USA
May 30, 2022
Jun 24, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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:

PIMCO seeks a dynamic individual to serve as a Senior Compliance Officer within the global compliance team of PIMCO's Legal and Compliance Department. The Compliance Officer will support the U.S. Registered Funds 38a-1 compliance program which generally consists of: open-end funds, exchange traded funds, closed-end funds and interval funds. A highly qualified candidate will be based in PIMCO's New York Office.

The Compliance Officer will be responsible for supporting the Funds' Chief Compliance Officer and the US Registered Funds team in:
the implementation of new and evolving regulatory requirements,
performing an annual review of the Fund's service providers, compliance policies and procedures,
assisting with the documentation and oversight of the Fund's affiliate and third-party service providers and
partnering with internal and external stakeholders in matters related to the compliance program including coordination with the affiliated invested adviser and broker-dealer compliance teams.

A successful candidate will also be expected to maintain a general understanding of related investment company, broker-dealer and investment advisory compliance policies, specific regulatory focus areas and their relevance to the U.S. Registered Funds.

Key responsibilities include, but are not limited to:
  • Support the development and implementation of the U.S. Registered Funds compliance program, working closely with members of the Legal and Compliance Department to evaluate identified risks and adherence to policies and procedures by relevant business groups and service providers
  • Experience with evaluating evolving regulatory requirements and supporting compliance program enhancements designed to prepare business partners and the firm for compliance with new rules
  • Experience evaluating external requests for information and drafting appropriate responses regarding the compliance program
  • Participate in the ongoing implementation and execution of the Fund's risk assessment and testing program, including:
    • assessing key business processes and critical business risk and controls;
    • developing and updating the Fund's risk matrix;
    • documenting a written testing plan and compliance testing procedures;
    • executing testing of procedures and internal controls of critical business areas;
    • evaluating, documenting and presenting results of test work; and
    • identifying enhancements and remedial actions required to address compliance observations
  • Assist with the oversight of the Fund's service providers by executing the agreed upon diligence as determined by the Fund's CCO and members of the Legal and Compliance department which includes:
    • Review of relevant service provider policies and procedures including material changes;
    • Review of periodic certifications and annual due diligence questionnaires to identify issues for escalation and resolution;
    • Execute surveillance to monitor key risks and controls related to Fund service providers;
    • Monitor issues and document resolution for recordkeeping and reporting purposes; and
    • Assist in coordination meetings with business stakeholders that have "first line" responsibilities for 3rd party service providers
  • Collect information to assist in the efficient preparation of quarterly, annual and periodic reporting to a Board of Independent Trustees (including 15c reporting)
  • Work with members of various teams and departments including Legal, Operations, Portfolio Management and PSG to identify and address regulatory matters
  • Must take initiative in learning and applying new skills and regulations
  • Have a strong sense of integrity, behaving consistently with expressed values and ethical principles of PIMCO

Position Requirements:

  • Prior experience in '40 Act products including ETFs, money market funds, closed end funds or target date funds is required
  • Excellent communication and presentation skills including the ability to articulate clear ideas/strategies
  • Intelligent, bright, critical thinker, and a quick learner with the ability to assess a situation and identify issues for further action
  • Ability to balance regulatory and policy standards along with a practical business perspective
  • A highly motivated self-starter with the willingness to "roll up your sleeves" and identify opportunities for enhancement
  • Exceptional organizational skills; the ability to effectively prioritize tasks, follow up, produce consistently accurate work, and meet strict deadlines
  • Highly flexible, multi-task oriented: capable of changing directions based on business demands
  • Consensus builder and team player with demonstrated self-awareness, cultural skills, and sensitivities to work effectively in a global organization
  • Working knowledge of MS Office suite including Word and Excel

  • Bachelor's degree or equivalent, JD will be considered favorably
  • 5-8 years of work experience focused on Registered '40 Act products, ideally at a major financial services firm or global asset manager
  • Strong attention to detail, analytical and issue-spotting skills
  • Ability to communicate clearly and effectively in a written and oral manner
  • Ability to work independently and be a strong team player
  • Substantial initiative, creativity and drive
  • Efficiently utilize tools such as Excel spreadsheets, macros, query tools, and external databases
  • Utilize effective time management skills to maintain a commitment to quality and attention to detail; ensure that all work is completed accurate and on time
  • General knowledge of regulatory requirements applicable to US investment managers and broker-dealers, including the Investment Company Act of 1940 and Investment Advisers Act (knowledge of FINRA rules is a plus)
  • Strong background in fixed income, alternatives, derivatives, commodities and equity strategies offered in a variety of investment products including (i.e., open-end mutual funds, closed-end funds, ETFs, separate accounts and private funds)


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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