Vanguard
Securities Lending Trader, Specialist

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Securities Lending Trader
London
Vanguard is seeking a highly motivated and analytically minded professional to join our Securities Lending team. This role offers a unique opportunity to work closely with market participants, trading desks, portfolio managers, and industry stakeholders while contributing to the ongoing success and growth of Vanguard's securities lending program.
About the Role
As a Securities Lending Trader, you will generate risk-adjusted alpha/revenue through the strategic lending of global securities, identify market opportunities, and build relationships with broker-dealers and market participants. Operating in a fast-paced, high-volume environment, you will balance commercial opportunity, risk, and client outcomes while navigating rapidly changing market conditions.
Success in this role requires strong commercial instincts, sound judgment, and the ability to influence outcomes through effective negotiation. The most successful traders thrive in ambiguity and use probabilistic thinking to make high-quality decisions with incomplete information, understanding that waiting for perfect certainty often means missing the opportunity. Increasingly, traders leverage data, analytics, automation, and AI-driven tools to uncover opportunities, improve decision-making, and scale their impact.
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This role is ideal for individuals who are naturally competitive, commercially minded, intellectually curious, and energized by operating in a fast-paced environment where no two days are the same. The most successful securities lending traders are equal parts market expert, negotiator, strategist, and problem solver, with a relentless focus on delivering results for clients.
Key Responsibilities
- Generate risk-adjusted lending alpha/revenue by identifying, evaluating, and executing securities lending opportunities across global markets.
- Build and manage relationships with broker-dealers, market makers, and other market participants to maximize lending demand and market intelligence.
- Negotiate lending rates, transaction terms, and structures to optimize commercial outcomes while managing risk.
- Monitor market developments, corporate actions, investor flows, short interest activity, and regulatory changes to identify trading opportunities and risks.
- Use market intelligence, data, and analytics to make informed trading decisions and provide actionable insights to portfolio managers and stakeholders.
- Leverage technology, automation, and AI-driven tools to improve trading decisions, operational efficiency, and scalability.
- Drive continuous improvement across trading processes, execution quality, controls, and business outcomes.
- Contribute to securities lending strategy, product development, and market structure initiatives through competitive analysis and industry engagement.
- Participate in strategic projects that support the growth, innovation, and long-term success of Vanguard's securities lending program.


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What We're Looking For
- Relevant industry experience, preferably within securities lending, capital markets, trading, or investment management.
- Undergraduate degree or equivalent combination of education and experience.
- Degree qualifications in Finance, Economics, Mathematics, Engineering, or a related discipline are highly regarded.
- Graduate qualifications are advantageous.
- CFA designation or progress toward CFA accreditation is preferred.
- Strong analytical, relationship management, and communication skills.
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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