Vice President & Counsel

Vice President & Counsel - Derivatives, Trading and Markets

at PIMCO

On-site Newport Beach, California, United States Full-time Posted 11 days ago

Description

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 Overview

PIMCO is seeking a highly skilled and experienced Vice President & Counsel to join our Legal Department, focusing on derivatives, trading, and capital markets. This senior role requires a deep understanding of OTC, listed, and centrally-cleared derivative transactions, as well as a strong background in forward and financing transactions, including repurchase agreements. The ideal candidate will play a pivotal role in implementing global derivatives regulations and will be responsible for providing legal guidance on complex transactions while collaborating with various internal teams and external stakeholders.

Responsibilities

1. Transactional Support: Provide expert legal advice on OTC, listed, and centrally-cleared derivative transactions, including the negotiation and drafting of master agreements (ISDA Master Agreement, Credit Support Annex, Master Repurchase Agreement, etc.)
2. Regulatory Implementation: Assist in the oversight and management of derivatives regulatory implementation projects, ensuring compliance with CFTC and SEC regulations.
3. Counterparty Negotiation: Negotiate and manage relationships with global counterparties, ensuring favorable terms and compliance with legal standards.
4. Cross-Functional Collaboration: Interface daily with portfolio management, account management, risk management, and operations teams, as well as other legal and compliance experts.
5. Advisory Role: Address derivatives or trading-related inquiries from internal stakeholders, clients, custodians, and counterparties, providing timely and effective solutions.
6. Project Management: Coordinate complex projects involving multiple business groups and non-U.S. offices, ensuring alignment with business objectives and regulatory requirements.
7. Communication: Communicate effectively with colleagues at all levels of seniority, addressing complex issues in a fast-paced environment with clarity and professionalism.

Requirements

1. Education: Juris Doctor (JD) degree from an accredited law school.
2. Experience: Minimum of 10 years of relevant experience in a leading asset manager, law firm, or broker-dealer, with a focus on derivatives and capital markets.
3. Knowledge: Comprehensive understanding of trading agreements across all asset classes. In-depth knowledge of CFTC and SEC derivatives regulations related to trading and investment management. Expertise in counterparty risk management and the documentation architecture of equity, credit, and commodity derivatives. Familiarity with ERISA and the Investment Company Act of 1940.
4. Leadership Skills: Proven ability to lead and achieve results while working with a high-caliber team on a high volume of legal matters.
5. Organizational Skills: Extremely well-organized, highly responsive, with keen attention to detail and a high energy level.
6. Team Player: Ability to work collaboratively in a team environment, especially with senior-level employees.
7. Communication Skills: Outstanding drafting and oral communication skills, capable of engaging effectively with clients and external contacts.
8. Problem-Solving: Solutions-driven mindset with the ability to proactively address account-related issues.
9. Cultural Fit: Clear commitment to PIMCO’s culture, values, and approach, demonstrating integrity and professionalism in all interactions.

PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance. Salary Range: $175,000.00 - $240,000.00.

Equal Employment Opportunity and Affirmative Action Statement: PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws.

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