2027 Summer Intern - Trade Floor Operations Analyst

About this role

PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, we have worked relentlessly to help millions of investors pursue their objectives – regardless of shifting marketing conditions. As active investors, our goal is not just to find opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions, and service to our clients.

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.

  202 7 Summer Internship – US Trade Floor Operations Analyst (Cash Desk, Middle Office, Investment Operations)  

Internship positions are located at PIMCO’s Newport Beach, CA Headquarters  

You’re eligible to apply if you:   

• Pursuing an undergraduate degree  

• Must be able to begin full time employment at a PIMCO office between January 202 8 – August 202 8  

• Must be enrolled at a university during the Fall 202 7 semester ( August 202 7 – December 202 7 )  

• Have a minimum 3.2 cumulative collegiate grade point average on a 4.0 scale (or the equivalent) at an accredited 4-year college or university  

• Are business proficient in English  

You’ll excel in this program if you:  

• Demonstrate advanced Microsoft Excel skills and/or Python, SQL, VBA  

• Show a strong interest in the financial markets, macroeconomics, investment finance , and the investment trade lifecycle  

• Possess outstanding analytical skills with the ability to function efficiently and problem-solve in a fast paced and time-critical environment  

• Communicate clearly and collaborate effectively across com plex fi nancial, operational, and technical environments.  

• Demonstrate acute attention to detail and can manage multiple competing priorities with appropriate independence and judgment      

• Demonstrate accountability, resilience, adaptability, intellectual curiosity, and a continuous improvement mindset  

• Show the following traits: assertiveness, ethical, collaborative, organized, flexible, high energy, self-starter, accountable, humble  

• Can operate effectively when priorities or the path forward are not fully defined  

• Have completed finance, fixed income, data analytics, and/or capital markets coursework (recommended)  

• Demonstrate curiosity and experience in using new emerging technologies and AI tools in your work or school projects to solve problems and drive better outcomes  

• Approach AI-generated output thoughtfully by evaluating reliability, appropriateness, and potential risks before use.  

What you will experience:  

• Gain exposure to the end-to-end investment trade lifecycle through structured experiences across Cash Desk, Middle Office, and Investment Operations.    

• Collaborate with Portfolio Management, Account Management, Trade Support, Legal & Compliance, Operations, Technology, State Street IMS, broker-dealers, custodian banks, clients, and third-party platforms , as relevant to each team.    

• Contribute to technology-enabled process enhancements, data analysis, reporting, operational controls, and workflow improvement initiatives.    

• Build a foundation for potential future opportunities across Trade Floor Operations, Trade Management, Investment Operations, and the broader investment platform  

As a Trade Floor Operations Analyst intern within the US Trade Floor Operations group, you’ll have the opportunity to develop your career by learning about and working within the following three teams:   

Cash Desk    

The Cash Desk is a key operational unit responsible for managing cash, reporting client cash flows, and providing internal cash forecasts across client accounts, mutual funds, and hedge funds. The team works closely with Portfolio Management to support projected overdraft coverage and the investment of excess cash into liquid securities. The Cash Desk regularly interacts with portfolio managers, account managers, internal operations groups, clients, State Street IMS, and custodian banks.    

Middle Office    

The Middle Office manages and governs a key control environment supporting the day-to-day trade lifecycle of PIMCO's Portfolio Management team. Team members collaborate with Portfolio Management, Trade Support, Legal & Compliance, Operations, Technology, and State Street IMS. The team also engages with broker-dealers, custodian banks, and third-party trading platforms.    

Investment Operations    

Investment Operations includes Investment Operations and Corporate Actions. Investment Operations focuses on new securities, emerging-market capabilities, FX execution methods, claim and break resolution, and custodial oversight. Corporate Actions oversees mandatory and voluntary events, restructurings, proxies, bank loan amendments, defaulted securities processing, and class actions. Both teams interact broadly across PIMCO and with State Street Bank, broker-dealers, and client custodian banks.  

While our eligibility requirements are not flexible, we encourage you to apply even if you do not possess 100% of the desired skills outlined above.  

The PIMCO Internship Experience:   

• The PIMCO Internship is a 10-week program that runs from early June to mid-August, with the expectation that you will be available for the full duration of the program    

• During Week 1, you’ll participate in PIMCO Fundamentals Training, providing you with the skills, knowledge, and relationships that will prepare you for success

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