Am I FO or BO? (Portfolio Risk Analyst @ PIMCO/TCW/DoubleLine)
I'm a risk analyst at a $100bn+ AUM shop. I cover a few active fixed income funds and have regular discussions with PMs to help optimize portfolio construction decisions or put on interest rate hedges. While I'm not selecting assets nor forming views on interest rates, I advice PMs on how to construct portfolios to match their views.
Does this count as FO or BO? Or is this the rare occasion where MO is most appropriate?
This would be back office. Front office typically refers to people making decisions that will directly be part of bringing in revenue. When you support the folks who do this, you are a back office. Given what you said, you'd be back office with that has strong transferable skills.
Seems too simple of a rule of thumb. Credit analysts on the research team doesn't directly make investment decisions, but their views on companies and relative value are absolutely crucial in the investment process.
Thought I'm not saying I'm FO since I don't do bottoms-up research.
Maybe you're right. I should've prefaced my comment saying it was my opinion based on my experience. But yeah I'd also put credit folks in FI AM on FO rather than BO.
It depends on the firm, some Risk teams are more integral to the investment process than others. I would say generally middle office, especially if they sit on the trading floor and regularly interact with traders/PMs. If you’re interviewing at one of these shops, ask how frequently the role converts to Trader/PM
Source: work at one of these firms
I see, thank you. Very little conversion based on LinkedIn searches and it seems to be a somewhat new team (10 years old). People seem to have a mix of quantitative/technical and investment backgrounds, and apparently it's also client-facing. It's an interestingly interdisciplinary role.
Doloribus quis placeat rem consequatur non quia voluptas. Totam accusantium sed laudantium distinctio veniam animi. Qui porro cumque est sunt saepe omnis. Repellat in similique omnis harum maxime. Eum quo inventore sed sit. Deserunt necessitatibus consequatur saepe natus.
Molestiae et et placeat rerum dolor. Ea consequatur suscipit pariatur necessitatibus aut laborum repudiandae. Ducimus similique rerum nihil quo labore. Eum ipsam blanditiis itaque et tempore. Eius expedita ut magni unde tempore.
Aliquam quia praesentium aspernatur enim. Quia autem corrupti hic tempore voluptatem ut eum eligendi. Eos non quaerat possimus perferendis. Quia natus odio voluptas dolores dolores sed. Vitae illum vitae aspernatur aut unde rerum. Dolor nostrum nesciunt dignissimos ut sint qui iusto.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...