Fixed Income Trader

We are seeking a dynamic fixed Income trader to support the fixed income portfolio management and trade execution process.

This Trading opportunity will be based in Scottsdale, AZ and working East Coast hours.

Core Responsibilities:

• Collects and distributes market information for the portfolio manager. Uses a variety of tools and databases to identify critical data for decision-making. Supports trading activity, improves upon negotiating skills. Involved in medium risk trading situations. Executes assigned trades across global markets and measures the impact of the trades on the relevant portfolios.

• Responds to telephone inquiries on the trading desk pertaining to fixed income trading information and pricing. Collects and relays relevant information for use by Portfolio Manager, Analyst, and more senior traders. Acts as a liaison with outside bond vendors.

• Assists with research under the guidance of senior traders. Supports development and operational knowledge of less tenured traders.

• Reconciles portfolio as needed, ensures activity is documented. Completes relevant administrative paperwork and tickets to process updates to the cash log, processing of cash reconciliation, and reports cash position to the PM. Researches variances to explain trends or unusual events impacting the cash position.

• Negotiates and executes trades as authorized by portfolio managers using market skills, knowledge, and experience in performing trade execution activities to achieve lower transaction costs. Generates risk management reports to discover trends in diversification, durations, and cash positions of assigned portfolio.

• Researches portfolio issues as assigned by the PM. Performs market analysis and assists in generating risk management, activity, and ad-hoc reports for senior staff.

• Responds to desk inquiries pertaining to trading information and pricing. Leverages data analysis to identify and recommend operational improvement opportunities.

• Tracks assigned sector spreads and develops an understanding of relative value in assigned sector. Develops relationship with sector analyst. Brings together detailed trading activity information such as transaction cost analysis, and market impact analysis.

• Proactively builds skill and abilities related to new technologies and applies technology to achieve improved trading outcomes and increase efficiency in desk processes.

  Qualifications:

• Two years in the Financial Services industry. Investment management experience preferred.

• Undergraduate degree or equivalent experience in finance or economics or a combination of training and experience.

• CFA or progression towards CFA preferred.

Special Factors

Sponsorship

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.

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.

Vanguard, one of the world's largest investment management companies, serves individual investors, institutions, employer-sponsored retirement plans, and financial professionals. We have a diverse and talented crew with a culture that promotes teamwork, along with an unwavering focus on serving our clients' best interests.

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