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Vanguard

Structured Products Trader

3+ months ago• Malvern, PA

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

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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.

Client-provided location(s): Malvern, PA
Job ID: Vanguard-180004
Employment Type: FULL_TIME
Posted: 2026-07-19T19:53:06

Perks and Benefits

  • Health and Wellness

    • FSA
    • HSA
    • Health Reimbursement Account
    • Fitness Subsidies
    • On-Site Gym
    • HSA With Employer Contribution
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • Mental Health Benefits
    • Virtual Fitness Classes
    • Pet Insurance

  • Parental Benefits

    • Non-Birth Parent or Paternity Leave
    • Birth Parent or Maternity Leave
    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Adoption Leave

  • Work Flexibility

    • Flexible Work Hours
    • Hybrid Work Opportunities

  • Office Life and Perks

    • Company Outings
    • Commuter Benefits Program
    • Casual Dress
    • Happy Hours
    • Snacks
    • Some Meals Provided
    • On-Site Cafeteria

  • Vacation and Time Off

    • Personal/Sick Days
    • Paid Holidays
    • Paid Vacation
    • Volunteer Time Off
    • Leave of Absence

  • Financial and Retirement

    • Relocation Assistance
    • Performance Bonus
    • 401(K) With Company Matching
    • 401(K)
    • Financial Counseling
    • Profit Sharing

  • Professional Development

    • Promote From Within
    • Mentor Program
    • Shadowing Opportunities
    • Access to Online Courses
    • Tuition Reimbursement
    • Internship Program
    • Lunch and Learns
    • Leadership Training Program

  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)

Company Videos

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