Supports the Fixed Income portfolio management and trade execution process.
As part of Vanguard's continued expansion of its global product line-up, we are excited to start the build-out of our European High Yield efforts.
Opportunity to join an established High Yield team and within a highly dynamic and collaborative environment.
Duties and Responsibilities:
- Achieve best execution for trades in non-investment grade debt for all fixed income portfolios, using both negotiated trades as well as electronic trading platforms where appropriate.
- Collaborate with research team to generate trade ideas, assess relative value, and provide portfolio recommendations.
- Participate actively in daily/weekly/monthly investment meetings and discussions. Provide frequent updates on important news flow and market technicals.
- Build and maintain strong relationships with the dealer community in order to support access to secondary market liquidity and primary market deal flow.
- Liaise with internal and external constituents regarding all trade and operational issues, including trade input, trade settlement, and compliance/guideline issues.
- Work closely with other trading teams to ensure implementation of best practices.
- Collaborate with internal technology groups and third party vendors to build, improve and maintain trading and analytic tools.
- Generate a variety of reports, including (but not limited to) those related to portfolio risk and performance attribution.
- Participate in ad-hoc and FIG ongoing and special projects. Assist in crafting internal and external presentations.
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Qualifications:
- Undergraduate degree (preferably in accounting, finance, or economics). MBA and/or CFA preferred but not required.
- Minimum 3-5 years of general business experience, including at least 2 years of relevant high yield experience (buyside or sellside).
- Team player with strong interpersonal skills.
- Excellent verbal and written communication skills.
- Strong quantitative and financial technology skills (i.e. Bloomberg, Excel, BlackRock Aladdin).
- Detail-oriented and ability to balance multiple tasks optimally.
- Demonstrates good judgment and can work independently.
Special Factors
- Vanguard is not offering visa sponsorship for this position.
- This is a full-time in office role.
Inclusion Statement
Vanguard's continued dedication to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: "Do the right thing."
We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard's core purpose through our values.
When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard's core purpose.
Our core purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.