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Structured Products Trader

Vanguard
Malvern, USA
Full-time
Mid · 5+ years experience
Hybrid
Discovered Today

Full Job Posting

Responsibilities:

  • Execute structured credit trades across primary and secondary markets, with a focus on best execution.
  • Generate investment ideas and identify relative-value opportunities across ABS, CMBS, CLOs, and other structured credit sectors.
  • Contribute to portfolio construction and positioning through actionable trade recommendations.
  • Analyze deal structures and cash flows to assess investment risk and return.
  • Partner with research colleagues to evaluate collateral, structural characteristics, and market dynamics.
  • Source investment opportunities and liquidity through dealer and issuer relationships.
  • Monitor structured credit markets and communicate actionable market insights to investment teams.

Qualifications:

  • 5+ years of relevant experience in structured credit trading or investing.
  • Experience generating investment ideas and contributing to portfolio performance through trading, relative-value analysis, or portfolio positioning.
  • Strong knowledge of structured credit markets
  • Experience using cash-flow modeling and analytical tools, including Intex or similar platforms.
  • Ability to communicate investment views and collaborate effectively with research and investment partners.
  • Established dealer and issuer relationships, preferred.
  • Programming and/or data-analysis skills, preferred.
  • Direct buy-side investment experience, preferred.
  • CFA designation, preferred.
  • Special Factors
  • Sponsorship
  • Vanguard is not offering visa sponsorship for this position.

About Vanguard

At Vanguard, we don't just have a mission—we're on a mission.

To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.

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.

Preferred Qualifications

  • Established dealer and issuer relationships, preferred.
  • Programming and/or data-analysis skills, preferred.
  • Direct buy-side investment experience, preferred.
  • CFA designation, preferred.

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