Vanguard
High Yield Fixed Income Trader - European Indexed High Yield
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Supports the Fixed Income portfolio management and trade execution process.
The role is an exciting opportunity to join the European Bond Index Team in London supporting the newly formed European High Yield business. The role involves assisting portfolio managers in index construction, trade execution and risk management. Further, the successful candidate will be asked to assist in the ongoing development of and evolution in the team’s systematic portfolio management and trading capabilities.
Key Responsibilities
Trade Execution
- Negotiate and execute high yield and fixed income tangential securities (high yield bonds, credit futures, interest rate futures, CDS indices) with the sole objective of achieving best execution.
- Acts as a liaison with outside bond vendors, develops and maintains strategic relationships with security dealers.
- Contribute to the ongoing electronification of fixed income markets.
Portfolio Management Support
- Acts as backup in investment decision-making function to the portfolio manager.
- Monitor daily liquidity, credit exposures and fund positioning. Ensure compliance with fund guidelines. Assist with flows and ETF creation/redemption requests.
- Suggest actionable relative value opportunities or assist in developing systematic capabilities to do so.
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Research & Analysis
- Develops strategies to contribute to performance through efficient execution and quantitative research.
Product Growth
- Participate in product development initiatives for new UCITS high yield offerings.
Skills & Qualifications
- Degree in Finance, Economics, or related field; CFA or progress toward CFA preferred.
- Minimum of five years related work experience, including experience trading high yield markets.
- Extensive knowledge of trading venues and platforms.
- Proficiency in a coding language e.g. Python strongly preferred.
Competencies
- Strong communication and teamwork skills.
- Passion to deliver investment performance.
Special Factors
- Vanguard is not offering visa sponsorship for this position.
- 5 days in office role.
About Vanguard
Vanguard is an investment company unlike any other. It was founded by Jack Bogle in the US in 1975 on a simple but ground-breaking idea: that an investment company should handle its funds solely in the interests of its clients. Jack helped bring investing to the masses with the index fund. Index funds do not pick individual shares or bonds to beat the market. They supervise the performance of the entire market. Or as Jack put it, "Don't look for the needle in the haystack. Just buy the haystack!”. We have stood for low-cost, uncomplicated investing ever since. Over the last 45 years people have come round to our way of thinking and more than 30 million investors worldwide now trust us with their money.
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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.
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.
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