Job Information
Vanguard High Yield Trader in Malvern, Pennsylvania
High Yield Trader
Vanguard, one of the world’s largest investment management companies and a recognized employer of choice, is looking to hire a high yield trader to support portfolios in the Fixed Income Group (FIG). This is an opportunity to join a growing team as part of FIG’s expansion in the global non-investment grade markets, while offering the chance to work 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.
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
Sponsorship
Vanguard is not offering visa sponsorship for this position.
About Vanguard
We are Vanguard. Together, we’re changing the way the world invests.
For us, investing doesn’t just end in value. It starts with values. Because when you invest with courage, when you invest with clarity, and when you invest with care, you can get so much more in return. We invest with purpose – and that’s how we’ve become a global market leader. Here, we grow by doing the right thing for the people we serve. And so can you.
We want to make success accessible to everyone. This is our opportunity. Let’s make it count.
Inclusion Statement
Vanguard’s continued commitment 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.
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.
Vanguard, one of the world's largest investment management companies, serves individual investors, institutions, employer-sponsored retirement plans, and financial professionals. We have a diverse and talented crew with a culture that promotes teamwork, along with an unwavering focus on serving our clients' best interests.
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