Investment Risk Analyst - Quantitative Active Strategies (Equity, Multi-asset and Liquid Alternatives)

    • Malvern, PA

Do you have a passion for financial markets and intellectual curiosity for a deeper understanding of their uncertainties? Are you a self-directed candidate with excellent quantitative and communication skills, solid working knowledge of equity and/or multi-asset risk models, and ability to thrive in a dynamic environment?
The Investment Risk Management team within the Risk Management Group (RMG) at Vanguard is responsible for providing independent investment risk oversight of the firm's internally-managed assets. An investment risk analyst works in a highly collaborative team environment to help identify portfolio & market risks, quantifies our portfolio's exposures to these risks, and communicates risk related topics effectively to the portfolio management team and senior management. The team also performs ad-hoc research and develops risk analytics to enhance the business's understanding of risk and how to manage it through risk-aware portfolio construction. The role provides the successful candidate with great opportunities to contribute to the development of robust risk management framework & analytics, and quickly assume more responsibilities within a rapidly changing & growing risk department.

Duties and Responsibilities

In this role you will:

  • Partners with Vanguard's Quantitative Equity Group (QEG) to define and develop an effective and efficient risk-management infrastructure in a global environment by gathering and analyzing data from various fund management units, creating reports, providing recommendations, and exercising judgment.
  • Uses a variety of analytical resources, under the direction of senior management, to develop new and enhance existing risk-return analysis, including quantitative risk metrics, performance attribution, multifactor risk models, and scenario analysis.
  • Ability to think critically about broad range of potential investment risks, gathers relevant data and information systematically, and present thorough, clear, and insightful analysis to senior leaders, portfolio managers, and traders in a professional manner.
  • Develops and maintains knowledge of financial markets, quantitative drivers, and general investment themes in order to bring an informed perspective to the risk management processes. Develops a deep understanding of Vanguard's investment management functional areas. Keeps abreast of current issues in business operations and incorporates changing business needs into risk analysis.
  • Undertakes a variety of ad hoc analytical and/or business projects as needed to support Risk Management Group (RMG). Ability to meet established project milestones, goals and objectives within established time frames and lead team with the identification, evaluation, and resolution of potential obstacles which may have an impact on the completion of the project.


What it takes:
  • Undergraduate degree or equivalent education. Graduate degree and/or progress towards professional certification (CFA, FRM) preferred.
  • Minimum five years related analytical work experience. (buy-side risk management or quantitative research related areas, with excellent quantitative and analytical capabilities experience preferred)
  • Strong foundation of market and investment knowledge including an understanding of equity markets and indices. (solid understanding of drivers of risk and return of equities preferred)
  • Ability to handle multiple, complex projects with attention to detail while meeting deadlines.
  • Demonstrated quantitative and analytical skills.
  • Experience with




    , SQL, VBA,


    or related programming languages highly desirable.
  • Demonstrated ability to function in a fast paced, dynamic working environment with multiple and diverse responsibilities.
  • Ability to handle multiple, complex projects with attention to detail while meeting deadlines.
  • Proven ability to interact and build effective working relationships with peers and senior management.
  • Proven self-starter with ability to work independently and within teams.
  • Excellent verbal, written and interpersonal communication skills. Detail oriented with a high level of energy.
  • Strong analytical, problem solving and organizational skills.

Special Factors

You should be aware this will designate you as a Fund Access Person and carries with it certain responsibilities and restrictions. For more information see the following article.

This is considered a covered department under Vanguard's Political Contribution and Fundraising Activity Policy and may be subject to greater restrictions than those set out in the policy. Prior to moving into this position you will be required to disclose all political contributions made within the last two years.

Vanguard is not offering visa sponsorship for this position.

About Vanguard

We are Vanguard. Together, we're changing the way the world invests.

For us, investing doesn't just end in value. It starts with values. Because when you invest with courage, when you invest with clarity, and when you invest with care, you can get so much more in return. We invest with purpose - and that's how we've become a global market leader. Here, we grow by doing the right thing for the people we serve. And so can you.

We want to make success accessible to everyone. This is our opportunity. Let's make it count.

Inclusion Statement

Vanguard's continued commitment 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.

When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard's core purpose.

Our core purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.

Back to top