This is an exciting opportunity to join Vanguard's Structured Products team, a well-established platform within active fixed income with a growing investment footprint. This role offers the ability to contribute directly to portfolio performance through trading, idea generation, and portfolio positioning across CLOs and broader structured credits (ABS/CMBS). The ideal candidate combines strong market knowledge with structured product expertise and the ability to translate analytics into actionable investment decisions.
Responsibilities:
- Execute trades across CLOs and structured credit in primary and secondary markets, with a focus on best execution
- Generate trade ideas and identify relative value opportunities across structures, managers, and vintages
- Contribute to portfolio construction and positioning
- Analyze structures and cash flows to evaluate risk and return across investments
- Partner with research on collateral, structure, and market dynamics
- Source investment opportunities and liquidity through dealer and issuer relationships
- Provide market insights and actionable trade recommendations to the broader team
Qualifications:
- 5 years of relevant experience, with a strong focus on CLOs and/or structured credit trading or investing
- Demonstrated ability to generate ideas and contribute to performance through trading and positioning
- Strong understanding of CLO structures and broader structured credit markets (ABS/CMBS)
- Cash flow modeling (Intex or similar) and analytical skillset
- Established dealer and issuer relationships preferred
- Programming/data skills a plus
- Strong communication and collaboration skills
- Direct buy-side experience (nice to have), CFA 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.