Portfolio Manager, Factor Based Strategies, Quantitative Equity Group

August 12, 2019
August 12, 2019
Malvern, PA, US
Job Requisition #126326

Portfolio Manager, Factor Based Strategies, Quantitative Equity Group

Vanguard’s Quantitative Equity Group (QEG) leads four distinct strategies which include Traditional Alpha, Managed Payout, Factor Investing and Liquid Alternatives with a current AUM of ~40B. The Factor strategies aim to capture the return premiums associated with factors including value, momentum, liquidity and minimum volatility through a process of portfolio research, trade list optimization and management and risk monitoring. As part of the Factors team, you will lead projects to develop and enhance investment products and portfolio management for assigned investment portfolio mandates with oversight from a Senior Portfolio Manager.

In this role:

  • Ensures investment objectives of portfolios are met or exceeded by leading daily portfolio management duties and adhering to client-specified or regulatory restrictions and constraints
  • Leads research projects and conducts research on developing quantitative investment models, portfolio construction methodology, and alternative investment programs
  • 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, Total Return Swaps. Gives clear, concise instructions to trading desk for trades
  • Participates in quantitative and qualitative analysis on investment strategy and product design topics. Offers opinions and recommendations to improve quantitative models, portfolio management, and trading effectiveness
  • Identifies potential improvements to investment process that enhances alpha/factor research and portfolio management.
  • Provides guidance, mentorship, training, and motivation as necessary to develop crew
  • Participates in special projects and performs other duties as assigned

Qualifications, (What it takes):

  • Graduate degree in finance related discipline. CFA preferred
  • Minimum of eight years of investment experience with at least two years in a research/portfolio management role
  • Track record of developing investment strategies
  • Strong analytical, quantitative and computer skills, including broad knowledge of computer programming and statistical packages
  • Excellent verbal and written communication 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.

August 12, 2019
August 12, 2019
Malvern, PA, US
Job Requisition #126326

Portfolio Manager, Factor Based Strategies, Quantitative Equity Group

Vanguard’s Quantitative Equity Group (QEG) leads four distinct strategies which include Traditional Alpha, Managed Payout, Factor Investing and Liquid Alternatives with a current AUM of ~40B. The Factor strategies aim to capture the return premiums associated with factors including value, momentum, liquidity and minimum volatility through a process of portfolio research, trade list optimization and management and risk monitoring. As part of the Factors team, you will lead projects to develop and enhance investment products and portfolio management for assigned investment portfolio mandates with oversight from a Senior Portfolio Manager.

In this role:

  • Ensures investment objectives of portfolios are met or exceeded by leading daily portfolio management duties and adhering to client-specified or regulatory restrictions and constraints
  • Leads research projects and conducts research on developing quantitative investment models, portfolio construction methodology, and alternative investment programs
  • 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, Total Return Swaps. Gives clear, concise instructions to trading desk for trades
  • Participates in quantitative and qualitative analysis on investment strategy and product design topics. Offers opinions and recommendations to improve quantitative models, portfolio management, and trading effectiveness
  • Identifies potential improvements to investment process that enhances alpha/factor research and portfolio management.
  • Provides guidance, mentorship, training, and motivation as necessary to develop crew
  • Participates in special projects and performs other duties as assigned

Qualifications, (What it takes):

  • Graduate degree in finance related discipline. CFA preferred
  • Minimum of eight years of investment experience with at least two years in a research/portfolio management role
  • Track record of developing investment strategies
  • Strong analytical, quantitative and computer skills, including broad knowledge of computer programming and statistical packages
  • Excellent verbal and written communication 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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