Structured Products Trader

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
• 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
• 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.