Municipal Bond Trader

Municipal Bond Trader This trading opportunity is on the Active Municipal Bond Desk. It's an exciting opportunity to be part of the trading team that works with the portfolio managers to invest the largest municipal bond funds in the industry. Responsibilities: Negotiates and executes trades for fixed income managed portfolios. Measures the impact of derivative trades on the relevant portfolios. Maintains relationships with security dealers. Acts as a backup in investment decision-making function when the portfolio manager is off the desk. Authorized to invest cash flows across markets and act as portfolio manager with a lower level of discretion. Performs market and risk analysis for senior staff to identify critical data for decision-making. Tracks sector spreads and identifies sector relationships. Interprets risk of new events across a broad sector class. Develops, evaluates, and acquires models for analyzing investment strategies and cost analysis for executions. Generates complex performance attribution reports, identifies and resolves issues to produce accurate analyses. Responds to fixed income desk inquiries pertaining to bond trading information and bond pricing. Performs necessary analysis and relays relevant information to the appropriate portfolio manager for action. Acts as a liaison with outside bond vendors, develops and maintains strategic relationship with security dealers. Identifies, recommends, and develops process and operational improvements. Develops strategies to add value through efficient execution and quantitative research. Helps develop operational knowledge of less tenured traders. Analyzes data and develops trading and portfolio strategies with oversight. Independently generates ideas and research. Participates in special projects and performs other duties as assigned. Qualifications: 5 years related work experience, including 3 years of investment management experience. Fixed Income experience required. Undergraduate degree in finance or economics or equivalent combination of training and experience required. Graduate degree preferred. CFA preferred. 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. Future of Work During the pandemic, we transitioned to a work from home model for the majority of our crew and we continue to interview, hire, and on-board future crew remotely. As we have developed the path forward, we have taken a thoughtful approach that both maximizes the advantages of working remotely and the many benefits of coming together and collaborating in a shared workspace. We believe that in-person interactions among our crew are important for preserving our unique culture and advantageous for the personal development of our crew. When our Crew return to the office, many will work in our hybrid model. A smaller proportion of our crew will operate in the Work from Home work model (for example, field sales crew); or in the Work from Office model (for example, portfolio managers). The working model that your role falls into will be communicated to you in the interview process – please do ask if you are unsure. We encourage you to make the decision regarding your job interview and offer knowing which model your role will fall into. We will test and learn as our ways of working evolve and will continue to evaluate working models along the way. 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. This website uses "cookies" to distinguish you from other users. A cookie is a small file of letters and numbers placed on your computer or device. This helps us to provide you with a good experience when you browse our website and also allows us to improve our site and services. The cookies are stored locally on your computer or mobile device. To accept cookies you can continue browsing as normal. Or you can go to our Privacy Policy to read more information and learn how to change your preferences.

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