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.