Job Location: Newport Beach, CA
Job Description:
Job Description
Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We’re actively seeking a talented Quantitative Analyst to join our Pacific Life Fund Advisors group in Newport Beach, CA. This role will be on-site or up to 60% remote.
As a Quantitative Analyst, you’ll play a key role in Pacific Life’s growth and long-term success by improving the risk oversight and analytics for the PLFA managed portfolios. You will fill Quantitative Analyst role that sits on a risk team of 3 people in the Pacific Life Fund Advisors division.
How you will make an impact:
Create and manage Performance Attribution reports for our 15-20 multi-asset class portfolios by managing/developing an existing Matlab-based program and a returns database.
Ensure that the reports are accurate and can be produced in an efficient, stable and timely manner which are relied upon by the SVP of PLFA and the PLFA Investment Committee and used in Board reporting.
Maintain a multi-asset class database (which includes Derivatives and portfolio securities) and review Derivative VaR exposures from our risk vendor on a daily basis.
Ensure data integrity across various instruments by performing a periodic reconciliation of ‘rejected assets’ in Barra & PLFA database to source missing ‘terms & conditions’ data from the custodians, index data providers and/or managers.
Work with risk vendors to find and correctly model out rejected and/or mismodelled securities.
Utilize Barra & risk vendors system to create VaR and customized Stress test reports to measure portfolio risk with and without derivatives. This would ensure that PLFA understands its exposure to various market risks and determine whether our sub-advised portfolios would be subject to full derivative user requirements.
The experience you will bring:
Minimum 2 years hands-on experience in risk management or derivative pricing models and instruments across interest rate, cross-currency, credit, inflation, equity, foreign exchange, commodity, insurance and hybrid products.
Strong derivatives risk management skills, stochastic modelling & arbitrage pricing theory and knowledge of VaR, Liquidity and Stress testing methodologies.
Prior experience working and structuring databases.
Master’s in Financial Engineering, Statistics, Mathematics or Econometrics.
What will make you stand out:
Strong programming skills in Matlab (preferred), SQL, VBA are a requisite.
Python is preferred but not required. In-depth knowledge of various financial databases/applications such MorningstarDirect, Bloomberg, BarraOne and Factset.
Self-motivated and a quick-learning professional able to address complex technical challenges, liaise with varying 3rd parties and produce high quality solutions in an efficient and timely manner.
You belong at Pacific Life
At Pacific Life we are committed to a culture of belonging, a space where all employees are empowered to be authentic. One way we cultivate an inclusive culture is through our employee connection groups. The purpose of these employee-led groups is to offer a place to build community, connection, camaraderie, and a sense of belonging. Each group can be active in education, advocacy, recruitment, and community building throughout our organization. Learn more about our employee connection groups at www.pacificlife.com .
Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/ lifeatpacificlife .
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Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional or social wellbeing, we’ve got you covered.
Competitive salary and benefits
Focus on maintaining a strong work-life balance, including six Rejuvenation days off in 2022
Generous Paid Time Off (PTO) and holiday pay
Medical, dental, and vision as part our commitment to investing in the health and wellbeing of our employees
Two retirement savings plans: 401k savings plan with company match and a 100% paid Company Retirement Contribution
Wellbeing Reimbursement for personal wellbeing expenses (physical, financial, social/emotional)
EEO Statement:
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
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