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 Description
PGAL is seeking Compliance Associate to support the Luxembourg Conducting Officer for Compliance, AML/CFT (MLRO-RC) and Distribution
Core Responsibilities
PGAL Compliance Monitoring Program:
Maintenance and execution of PGAL's Compliance Monitoring program to ensure compliance with applicable regulatory and legal framework to PGAL
Regulatory Interaction
Ensure interactions with Regulators are logged and deliverables timely managed
Maintain PGAL's regulatory reporting schedule up to date and monitor its implementation
Ensure outstanding deliverables to the Regulators are followed-up and escalated to PGAL's governance where required
AML/CFT:
Assist the PGAL's MLRO-RC to maintain AML/CFT policies up to date
Preparation AML/CTF assessments and annual reports for PGAL and the AIFs it manages
Support the annual AML survey and questionnaire to be filed with the AML/CFT regulators
Ensure Suspicious Activities report are logged and followed-up
Preparation and coordination of AML/CFT trainings
Support PIMCO Anti Financial Crime team where required
Investment Guidelines Monitoring:
In coordination with PGAL's Risk Management team and PIMCO's Compliance Guidelines Monitoring team ensure that investment rules are properly parameterized, monitored and breaches reported to PGAL's governance and the Regulators where and when required.
Marketing / Distribution:
Support the Conducting Officer responsible for Marketing/Distribution in the implementation of the control oversight framework on the marketing / distribution activities of PGAL
Regulatory changes
Monitor regulatory changes impacting PGAL to ensure that these are properly tracked, assessed, documented and reported to PGAL's governance
Reporting and documentation:
Preparation of regular Compliance, Distribution and AML/CTF reports to PGAL's governance
Support in the preparation of the annual regulatory reporting
Build, maintain and ongoing enhancement of existing reporting
Excel in a strong "player-coach" model in a flat, non-hierarchical business
The "player coach" model is prevalent at PIMCO. This demands that staff "get their hands dirty" and work well in a team based environment with a collegiate and collaborative approach to problem solving.
This includes execution of PGAL's Compliance program to ensure adherence to policies and regulatory requirements in collaboration with other team members locally and globally.
Position Requirements
Education and experience:
Master's degree in Business Administration, Finance, Audit or Law
2-5 years' of experience in a Compliance or Internal Audit function of an Investment Fund Manager, Asset Servicer or a Global External Audit firm
Compliance experience in alternative products is key to success in this role
Experience in developing a risk based, audit-ready Compliance program with a focus on first line controls and related Compliance activities in Alternatives as well as experience in AML/CFT and alternative products including private equity, private credit and structured products are a plus for this role
Knowledge of applicable Luxembourg regulation:
Good knowledge of Luxembourg regulatory and AML/CFT requirements applicable to an AIFM and AIFs in Luxembourg
Organization and communication skills
A clear, detailed, logical approach with excellent record keeping
Ability to work to conflicting & demanding deadlines under pressure and to interact clearly and efficiently with senior individuals as well as internal and external service providers
Strong analytical, self-starting, comprehension & problem-solving skills, as well as strong verbal and written communication skills
Fluent in English (both written and spoken) - any other European language will be an advantage
Highest professional standards and client service orientation essential for success in the role
The candidate must be a team player with ability to foster good working relations and support the team's professional standards and client service orientation
Flexibility in approaching complex subject matter and understanding the business needs in the context of regulatory requirements is crucial
PIMCO is an equal opportunity employer. For more information on PIMCO and Career Opportunities, please visit www.pimco.com
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. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.
Applicants with Disabilities
PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.
