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PIMCO Ltd. - Pacific Investment Management Company

Vice President, CLO Operations Manager

PIMCO Ltd. - Pacific Investment Management Company, Newport Beach, California, us, 92659


PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world's largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.Position DescriptionWe are seeking a Vice President, Collateralized Loan Obligation (CLO) Operations Manager to join our Alternative Operations Team. Alternative Operations supports PIMCO's Alternatives business, which includes complex hedge funds and private equity vehicles. In this role, you will be the primary point of contact for internal and external partners, including portfolio managers, risk and compliance, and service providers, requiring a deep understanding of bank loans, CLOs, and other complex fixed income structures. You will oversee day-to-day operational and client service activities, monitoring controls such as overdraft reports, annual reviews, and outstanding deal compliance.As the CLO Operations Manager, you will be pivotal in managing CLO operations and risk management, ensuring seamless and efficient processes across our expanding CLO business. You will connect back, middle, and front office operations, establishing and maintaining internal controls to effectively manage compliance and operations in the CLO Warehouse Lending and Securitization business. Additionally, you will review all new CLO Warehousing Lending and Securitization Business documents and participate in special projects to enhance the efficiency and effectiveness of our team.LocationNew York, NY, Austin, TX, or Newport Beach, CA.About YouIf the following qualities resonate with you, we encourage you to apply for this exciting opportunity. At PIMCO, we offer a dynamic work environment where you will have the chance to make a meaningful impact:Exceptional Organizational Skills and Resourcefulness:

You excel in managing multiple projects with your outstanding organizational and project management abilities. Your critical thinking skills enable you to solve complex problems creatively and resourcefully. Self-motivated, you are committed to excellence, demonstrating attention to detail, and possess strong interpersonal and communication skills.

Adaptability and Collaboration:

You thrive in dynamic, fast-paced environments, adept at navigating shifting priorities and ambiguity. Collaboration is key to your approach, as you build positive relationships and work effectively across diverse teams. Your emotional intelligence, adaptability, and resilience equip you to manage unstructured processes and demanding responsibilities successfully.

Integrity and Continuous Learning:

Your actions reflect high ethical standards, integrity, and sound judgment, earning you credibility and trust. An intellectually curious individual, you are dedicated to professional development and staying abreast of industry trends. You contribute positively to the work environment and organizational culture, aligning with PIMCO's core values of Collaboration, Openness, Responsibility, and Excellence.

ResponsibilitiesThe key responsibilities include, but are not limited to:Assist business during the warehouse ramp-up phase to the CLO securitization phase.Act as a liaison between Portfolio Management, Operations, Legal, Compliance, Accounting, Product Strategy, and Tax on CLO-related inquiries.Negotiate vendor contracts and provide management oversight of outsourced service providers, shadow compliance agents, trustees, and CLO technology partners.Provide operational guidance on deal documents during the drafting process.Attend industry conferences and stay updated on industry trends.Serve as project manager for internal/external software implementations related to the CLO business.Review models created by shadow compliance agents/trustees per indenture.Assist Portfolio Managers in running hypothetical trading analyses to determine asset fit into CLOs based on size, concentration limits, etc., and work with PMs to adjust allocations accordingly.Track subjective portfolio/asset attributes specific to PM views or indentures.Coordinate and oversee warehouse facilities and CLO deal closings, working closely with PMs, underwriters, placement agents, etc., leading up to the closing date.Provide oversight of daily asset, position, and cash reconciliations, ongoing attribute reconciliations with middle office, shadow compliance agents, and trustees.Review and approve monthly/quarterly trustee reports.Attend weekly CLO Management meetings to discuss pipeline, investment opportunities, and management best practices.Position RequirementsMinimum of a Bachelor's Degree required.8-12 years of experience managing CLO operations directly on behalf of a collateral warehouse manager or managing an outsourced provider running CLO operations, including hands-on experience with:Managing hypothetical trading processes.Building and reviewing outsourced providers' models for all CLO indenture level tests, criteria, and credit classifications.Selecting or reviewing Cov-Lite, Industry Classifications, and Ratings Agency determinations.Managing CLO warehouse portfolio ramp-up.Full CLO cycle experience - from warehouse to securitization, effective date through post-reinvestment period, and best practices in CLO management.Demonstrated knowledge of the syndicated bank loans market, risk retention compliance, and CLO indentures credit agreement experience.Prior use of CLO operations systems such as WSO Compliance, Sentry, Solvas, Allvue, Moody's Analytics.Excellent written and verbal communication skills, suitable for client meetings.Consistent track record managing CLO operations and managing outsourced providers.Good working knowledge of Excel and Bloomberg is essential.Understanding of SQL and database query tools is desirable.

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