The Team
The Equity Investment Risk team within the Investment Management and Finance Risk (IMFR) department at Vanguard is responsible for providing independent investment risk oversight of the firm’s internally managed funds. IMFR is organizationally positioned within the second line of defense, though co-located on the trade floor with our Portfolio Managers and integral to the first line. The team identifies portfolio and market risks, quantifies our portfolio’s exposures to these risks, and communicates this information 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 the risk and how to manage it through risk-aware portfolio construction.
In this role you will
Provide investment risk management oversight across Vanguards’ UCITS line-up of equity funds and ETFs through detailed analysis, surveillance and engagement with our Portfolio Management and Trading team. This role will also support Vanguard’s suite of LifeStrategy and Target Retirement multi-asset funds.
We’re looking for a self-directed candidate with excellent quantitative (applied statistical analysis and programming) and communication skills, a passion for markets, buy-side risk management experience, and the ability to thrive in a dynamic environment. The role provides the successful candidate with opportunities to develop and quickly assume more responsibility within a rapidly changing and growing department.
You will also -
Build and Maintain Our Risk Framework - You’ll develop, implement, and maintain a strong and efficient risk management infrastructure that helps us manage, measure, monitor, and report risk exposures across our global equity and multi‑asset investments
Shape and Strengthen Our Risk Policies - You’ll research, review, and maintain our equity and multi‑asset risk management policies, procedures, limits, and guidelines. By gathering and analysing data from various equity fund management teams, you’ll identify opportunities for improvement and recommend meaningful enhancements
Use Technology to Bring Clarity to Risk - You’ll design and deliver technology based tools and metrics, and carry out statistical analysis to help measure, monitor, and manage different aspects of equity and multiasset risk. You’ll share your findings with senior leaders, portfolio managers, and traders in a clear, insightful way.‑based tools and metrics, and carry out statistical analysis to help measure, monitor, and manage different aspects of equity and multi‑asset risk. You’ll share your findings with senior leaders, portfolio managers, and traders in a clear, insightful way
Stay Ahead of Market Developments - You’ll continuously build your understanding of financial markets, quantitative drivers, best practices, and investment themes. By developing deep knowledge of Vanguard’s equity and multi‑asset investment functions, you’ll bring a well‑informed perspective to our risk processes. You’ll stay alert to evolving business issues and ensure these are reflected in your risk analysis
Support New Product Development - You’ll contribute research, risk insights, and informed opinion as part of the new product design process
Get Involved in Broader Initiatives - You’ll participate in special projects and take on additional responsibilities as needed to support the wider team
What it takes
Proven experience working within investment or risk analysis
A degree in finance, economics, maths, engineering, or another quantitative field
A strong understanding of market drivers, macro events, and cross asset trends‑asset trends
A proven ability to deliver high quality analysis, communicate clear risk insights, and constructively challenge investment teams‑quality analysis, communicate clear risk insights, and constructively challenge investment teams
Excellent communication skills and confidence working with senior stakeholders in a global environment
Ability to manage multiple priorities and perform complex analysis under tight deadlines
Experience with risk systems such as Axioma, BarraOne, etc
Practical programming skills such as SQL, Python, etc
Progress toward CFA or FRM is a plus
Special Factors
Vanguard is not offering sponsorship for this position
This is a hybrid position and would require you to work in the office 3 days per week (Tuesday, Wednesday & Thursday)
Why Vanguard?
Vanguard is a different kind of investment company. It was founded in the United States in 1975 on a simple but revolutionary idea: that an investment company should manage its funds solely in the interests of its clients.
This is a philosophy that has helped millions of people around the world to achieve their goals with low-cost, uncomplicated investments.
It's what we stand for: value to investors.
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: to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.
Our commitment to equal employment opportunity
Vanguard is an equal opportunity employer. Vanguard is committed to providing all crew members a working environment that is free from discrimination, prejudice and bias. Through this Equal Employment Opportunity (EEO) Policy, Vanguard reaffirms its commitment to equal employment opportunity for all applicants and crew members without regard to race, color, national origin or ancestry, religion, gender, sex, sexual orientation, gender identity or expression, age, disability, marital status, veteran or military status. In addition, Vanguard prohibits discrimination based on genetic information, as well as any other characteristic protected by federal, state or local law.
Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on Vanguard. Please inform [email protected] if you need assistance completing this application or to otherwise participate in the application process.
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.
