2026 Summer Intern - Trade Floor Operations Analyst

2026 Summer Internship – Us Trade Floor Operations Analyst (Cash Desk, Middle Office, Investment Operations)

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.

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 2027 – August 2027
• Must be enrolled at a university during the Fall 2026 semester (August 2026 – December 2026)
• 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, and investment finance
• Possess outstanding analytical skills with the ability to function efficiently and problem-solve in a fast paced and time-critical environment
• Show outstanding communication skills which enable you to operate in a complex financial and mathematical environment
• Have acute attention to detail and an aptitude for managing multiple competing priorities with minimal oversight or direction
• Show the following traits: assertiveness, ethical, collaborative, organized, flexible, high energy, self-starter, accountable, humble
• Have undertaken finance, fixed income, and/or capital markets coursework (recommended)

As a CEP intern within the US Trade Floor Operations Support 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 one of the key operational units at PIMCO, responsible for managing cash, reporting client cash flows, and providing internal cash forecasts in all client accounts, mutual funds, and hedge funds. The team works closely with the Portfolio Management group to ensure projected overdrafts are covered and facilitates the investment of excess cash into liquid securities. The Cash Desk interacts regularly with a diverse group of professionals, including: portfolio managers, account managers, internal operations groups, clients, State Street IMS, and custodian banks.

Middle Office:

The Middle Office primary responsibility is management and governance over a key control environment that supports the day-to-day trade life cycle of the PIMCO Portfolio Management team. Middle Office team members will collaborate across internal functional teams: Portfolio Management, Trade Support, Legal & Compliance, Operations, Technology and State Street IMS (back office). In addition, the Middle Office will regularly engage with external parties such as broker dealers, custodian banks and third-party trading platforms.

Investment Operations:

Investment Operations (IO) is comprised of 2 teams, Investment Operations and Corporate Actions. The Investment Operations team mainly focuses on new securities, emerging market capabilities, FX execution means, claim and break resolution as well as custodial oversight. The Corporate Action Team oversees mandatory and voluntary corporate actions events, restructuring activities, proxy, bank loan amendments, defaulted securities processing, and class actions. Both teams in IO interact with all areas of PIMCO as well as all of State Street Bank, the broker dealer community and clients’ 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 Program runs between Monday, June 8 – Friday, August 14, 2026, 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
• Alongside your colleagues, participate in PIMCO's Global Month of Volunteering, developed to heighten the impact of our employees' worldwide volunteer efforts
• Join us for a variety of cross-divisional education, networking & social events!
• Your supervisor, peer mentor, senior leaders and team offer guidance and mentorship throughout the summer
• You'll receive feedback at mid- and end-of-summer as part of a formal review process to keep you on the path to meeting your summer goals
• Want to learn more? Hear about The PIMCO Internship Experience from past interns
• As a PIMCO intern, you'll receive competitive compensation, along with a transition bonus to help with relocation to one of our office locations

How you should apply:

Applications open in August 2025. We review applications on a rolling basis and encourage you to apply by submitting your resume as soon as you are ready.

What to expect during the interview process:

• After we receive your application, we will conduct an initial review of your resume
• If you are selected to move forward, you will have the opportunity to showcase your interests, skills, and personality by completing a one-way video interview
• If you are chosen to proceed after the video interview, you will then take an assessment
• Once you complete the assessment, you will have a final round of live interviews with us via video conference. These interviews typically include both behavioral and technical questions

PIMCO is an equal opportunity employer committed to creating an inclusive, cognitively diverse environment.

For more information on PIMCO and Career Opportunities, please visit www.pimco.com/careers/students