Assistant Portfolio Manager, Core and Multi-Sector Strategies

Responsibilities:

• Partner with lead portfolio managers to oversee portfolio construction, risk positioning, liquidity management, and cash allocation across Vanguard’s CORE and CORE+ active fixed income strategies.
• Maintain consistency across mandates by interpreting investment strategy objectives and ensuring alignment with portfolio guidelines and risk parameters.
• Collaborate with sector teams to manage portfolio positioning within target ranges while optimizing the use of cash, derivatives, and other investment tools.
• Execute fixed income transactions directly and through trading desks to support portfolio objectives and implementation needs.
• Generate and evaluate macroeconomic and cross-asset investment ideas that contribute to portfolio performance and risk-adjusted returns.
• Manage assigned overlay strategies across interest rates, currencies, and credit derivatives, as delegated by lead portfolio managers.
• Partner with capital markets and sector teams to support ETF create/redeem activity and portfolio implementation for active fixed income ETFs.
• Monitor portfolio risks and identify opportunities to enhance processes, analytics, models, and portfolio management practices.
• Develop and deliver investment reviews, portfolio updates, and presentations for internal stakeholders and external clients.
• Represent the portfolio management team in client meetings and other forums as needed.
• Contribute to strategic initiatives, special projects, and continuous improvement efforts across the investment team.

Qualifications:

• Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or a related analytical discipline, or an equivalent combination of training and experience.
• Eight or more years of experience in active fixed income investing.
• Strong understanding of credit risk, interest rate risk, and currency risk management.
• Experience utilizing derivatives markets and instruments within portfolio management strategies.
• Demonstrated knowledge across multiple fixed income asset classes.
• Experience supporting portfolio construction, risk management, and trading activities within institutional investment environments.
• Experience working within the ETF ecosystem is preferred.
• Chartered Financial Analyst (CFA) designation or progress toward the designation is preferred.
• Strong analytical, communication, and relationship-management skills with the ability to influence across investment teams.
• Special Factors
• Sponsorship
• Vanguard is not offering visa sponsorship for this position.

About Vanguard

Preferred Qualifications

• Experience working within the ETF ecosystem is preferred.
• Chartered Financial Analyst (CFA) designation or progress toward the designation is preferred.