Quant jobs / PIMCO

Quantitative Research Analyst, Mortgages

A front-office desk quant in PIMCO's London mortgages team, building pricing models for European RMBS and ABS. You support portfolio managers with loan-level and cash flow modelling of illiquid mortgage credit.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Build pricing models for European RMBS, ABS and non-performing loan deals
Model loan-level cash flows, recoveries and structural waterfalls
Create new approaches to price bespoke deal features
Automate pricing and surveillance frameworks in Python
Work daily with portfolio managers

What they ask for

Required

Master's or PhD in maths, physics, statistics, engineering or financial maths
3+ years front-office quant experience
Mortgage product familiarity
Monte Carlo, prepayment and scenario modelling
Bond maths such as OAS
Strong Python
Statistical packages (SAS, R)

Preferred

Intex
Linux and Bash
SQL

Education: Master's or PhD in maths, non-experimental physics, statistics, engineering or mathematical finance.
Experience: 3+ years in a front-office quant role
Languages and tools: Python
R
SAS
SQL
Markets: credit, fixed-income

How to prepare

Build a loan-level mortgage cash flow model in Python
Learn OAS and Monte Carlo methods for prepayment-sensitive bonds
Study RMBS and NPL/RPL securitisation structures
Practise building automated pricing and surveillance reports

What to study

The Quantitative Researcher roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on PIMCO’s site before applying: requirements, location and pay can change after we check them.

View the posting on PIMCO’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with PIMCO and doesn’t handle applications.