layiq
/la·yiq/adjective
worthy; deserving; fitting; suitable.
A role, opportunity, or path that merits attention, time, and pursuit.
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Job opportunity
Structured Products Trader
Vanguard
Malvern, PA
Source: Vanguard careers · View original posting
- Employment
- full time
Employer job description
From Vanguard's posting. “We” and “our” refer to the employer.
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.