Quantitative Equity Analyst / Assistant Portfolio Manager

January 27, 2020
January 27, 2020
Malvern, PA, US
Job Requisition #127999

Quantitative Equity Analyst / Assistant Portfolio Manager

Vanguard's Quantitative Equity Group (QEG) is looking for a Quantitative Equity Analyst / Assistant Portfolio Manager to support and participate in the portfolio management and research process utilizing equity investment analysis and quantitative modeling. 

QEG manages four distinct strategies which include Traditional Alpha, Managed Payout, Factor Investing and Liquid Alternatives with a current AUM of over $40B. We are currently seeking a candidate for an Assistant Portfolio Manager, who will conduct research on 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.

Duties and Responsibilities:

  • Performs daily portfolio management duties to ensure that investment objectives of portfolios are met or exceeded while adhering to client-specified or regulatory restrictions and constraints in partnership with Portfolio Managers.
  • Responsible for research projects and conducting research on developing quantitative investment models, portfolio construction methodology, and alternative investment programs in partnership with Portfolio Managers.
  • Generates trades to meet objectives with the appropriate asset class instrument. Depending on mandates, asset classes include: Stock Index Futures, Commodity Index Futures, Physical Stock, Foreign Currency, Foreign Currency Forwards, and Total Return Swaps.
  • Gives clear, concise instructions to trading desk for trades.
  • Offers opinions and recommendations to improve quantitative models, portfolio management, and trading effectiveness.
  • Leads projects in building and improving data management tools and in exploring new capability.
  • Analyzes ongoing research through back testing investment strategies and portfolio simulations independently.
  • Participates in special projects and performs other duties as assigned.

Qualifications:

  • Undergraduate degree required. Progress toward advanced degree in finance related discipline or CFA preferred.
  • Minimum of five years of investment experience or equivalent quantitative research experience.
  • Strong quantitative and computer skills, including broad knowledge of computer programming and statistical packages.
  • Python experience is preferred.
  • Ability to understand financial statements and investment terminology.
  • Excellent verbal and written communication skills. Ability to articulate complex investment topics to variety of audiences.

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.

January 27, 2020
January 27, 2020
Malvern, PA, US
Job Requisition #127999

Quantitative Equity Analyst / Assistant Portfolio Manager

Vanguard's Quantitative Equity Group (QEG) is looking for a Quantitative Equity Analyst / Assistant Portfolio Manager to support and participate in the portfolio management and research process utilizing equity investment analysis and quantitative modeling. 

QEG manages four distinct strategies which include Traditional Alpha, Managed Payout, Factor Investing and Liquid Alternatives with a current AUM of over $40B. We are currently seeking a candidate for an Assistant Portfolio Manager, who will conduct research on 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.

Duties and Responsibilities:

  • Performs daily portfolio management duties to ensure that investment objectives of portfolios are met or exceeded while adhering to client-specified or regulatory restrictions and constraints in partnership with Portfolio Managers.
  • Responsible for research projects and conducting research on developing quantitative investment models, portfolio construction methodology, and alternative investment programs in partnership with Portfolio Managers.
  • Generates trades to meet objectives with the appropriate asset class instrument. Depending on mandates, asset classes include: Stock Index Futures, Commodity Index Futures, Physical Stock, Foreign Currency, Foreign Currency Forwards, and Total Return Swaps.
  • Gives clear, concise instructions to trading desk for trades.
  • Offers opinions and recommendations to improve quantitative models, portfolio management, and trading effectiveness.
  • Leads projects in building and improving data management tools and in exploring new capability.
  • Analyzes ongoing research through back testing investment strategies and portfolio simulations independently.
  • Participates in special projects and performs other duties as assigned.

Qualifications:

  • Undergraduate degree required. Progress toward advanced degree in finance related discipline or CFA preferred.
  • Minimum of five years of investment experience or equivalent quantitative research experience.
  • Strong quantitative and computer skills, including broad knowledge of computer programming and statistical packages.
  • Python experience is preferred.
  • Ability to understand financial statements and investment terminology.
  • Excellent verbal and written communication skills. Ability to articulate complex investment topics to variety of audiences.

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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