Senior Portfolio Manager, Manager, Alpha Equity

October 25, 2019
October 25, 2019
Malvern, PA, US
Job Requisition #126646

Vanguard’s Quantitative Equity Group (QEG) manages four distinct strategies which include Traditional Alpha, Managed Payout, Factor Investing and Liquid Alternatives with a current AUM of ~ 38B across 45 mandates.  We are currently seeking a candidate for a Senior Portfolio Manager, Non U.S. Equity who will perform quantitative equity research and manage active equity portfolios as well as develop and enhance the quantitative investment product and portfolio management process.  In this role you will manage research projects, conduct research on developing quantitative investment models, utilize portfolio construction methodology and data management tools as well as deliver ongoing research analysis through back-testing investment strategies and portfolio simulations.

Responsibilities:

  • Uses knowledge of investment products, investment principles, portfolio management and risk management to manage all aspects of active equity portfolios
  • Leads and conducts research on developing quantitative investment models and portfolio construction methodology. Initiates and analyzes complex investment research topics and methodology issues by utilizing both internal and external resources
  • Initiates quantitative and qualitative analysis on investment strategy and product design topics. Offers opinions and recommendations to improve portfolio management process, quantitative models and trading effectiveness
  • Understands relevant regulatory requirements for each assigned portfolio, including portfolios with an oversight role. Regulations can be from different countries, depending on mandates
  • Participates in the ongoing firm wide discussion on development and enhancement of Vanguard's quantitative investment products. Performs analyses on methodology/approach and makes recommendations on developing new products
  • Delivers presentations and investment reviews for internal and external clients
  • Provides client services with QEG's investment process for external clients and consultant Relations team as needed
  • Leads group discussions designed to identify and debate investment issues and potential research projects
  • Provides guidance, mentorship, training, and motivation as necessary to develop junior analysts
  • Participates in special projects and performs other duties as assigned

Qualifications:

  • Ph.D. and/or applicable Master’s degree. CFA preferred
  • Minimum of ten years of investment experience with at least five years in quantitative equity research/portfolio management role
  • Proven track record of researching and delivering effective strategies with strong performance in active equity mandates
  • Exceptional strategic and critical thinking skills
  • Exceptionally strong quantitative and analytical skills
  • Proficient computer programming skills, including broad knowledge of database and software packages (e.g., Compustat, Worldscope, I/B/E/S, SAS, MATLAB, Python)
  • Excellent verbal and written communication skills. Ability to articulate complex investment topics to variety of audiences
  • Strong relationship management skills

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.

October 25, 2019
October 25, 2019
Malvern, PA, US
Job Requisition #126646

Vanguard’s Quantitative Equity Group (QEG) manages four distinct strategies which include Traditional Alpha, Managed Payout, Factor Investing and Liquid Alternatives with a current AUM of ~ 38B across 45 mandates.  We are currently seeking a candidate for a Senior Portfolio Manager, Non U.S. Equity who will perform quantitative equity research and manage active equity portfolios as well as develop and enhance the quantitative investment product and portfolio management process.  In this role you will manage research projects, conduct research on developing quantitative investment models, utilize portfolio construction methodology and data management tools as well as deliver ongoing research analysis through back-testing investment strategies and portfolio simulations.

Responsibilities:

  • Uses knowledge of investment products, investment principles, portfolio management and risk management to manage all aspects of active equity portfolios
  • Leads and conducts research on developing quantitative investment models and portfolio construction methodology. Initiates and analyzes complex investment research topics and methodology issues by utilizing both internal and external resources
  • Initiates quantitative and qualitative analysis on investment strategy and product design topics. Offers opinions and recommendations to improve portfolio management process, quantitative models and trading effectiveness
  • Understands relevant regulatory requirements for each assigned portfolio, including portfolios with an oversight role. Regulations can be from different countries, depending on mandates
  • Participates in the ongoing firm wide discussion on development and enhancement of Vanguard's quantitative investment products. Performs analyses on methodology/approach and makes recommendations on developing new products
  • Delivers presentations and investment reviews for internal and external clients
  • Provides client services with QEG's investment process for external clients and consultant Relations team as needed
  • Leads group discussions designed to identify and debate investment issues and potential research projects
  • Provides guidance, mentorship, training, and motivation as necessary to develop junior analysts
  • Participates in special projects and performs other duties as assigned

Qualifications:

  • Ph.D. and/or applicable Master’s degree. CFA preferred
  • Minimum of ten years of investment experience with at least five years in quantitative equity research/portfolio management role
  • Proven track record of researching and delivering effective strategies with strong performance in active equity mandates
  • Exceptional strategic and critical thinking skills
  • Exceptionally strong quantitative and analytical skills
  • Proficient computer programming skills, including broad knowledge of database and software packages (e.g., Compustat, Worldscope, I/B/E/S, SAS, MATLAB, Python)
  • Excellent verbal and written communication skills. Ability to articulate complex investment topics to variety of audiences
  • Strong relationship management skills

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.

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 careers@vanguard.com if you need assistance completing this application or to otherwise participate in the application process.

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