Tuesday, October 21, 2008

Corporate Bond Trader

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Description

Take your financial career to the next level in a challenging position that hones your skills and expands your sphere of influence. Join Vanguard as a Trader in our Fixed Income Group, where you'll perform market analyses for senior staff, negotiate trades and examine risk management for assigned portfolios. In this diverse position you'll be part of an industry-leading company known for its strong ethics and client focus. The environment is team-oriented, yet individual achievement is recognized and rewarded. We invest in your professional development with ongoing education at our award-winning, onsite Vanguard University. Set your goals high, and explore this dynamic position with Vanguard.

As a Trader you will:
- Use a variety of complex tools and databases such as Bloomberg, Blackrock Solutions, Salomon Yield Book, Barra Cosmos, and Lehman Point, to identify critical data for decision-making.
- Complete risk analyses for senior management that evaluate potential exposure related to issuer, sector, quality, term and maturity.
- Negotiate trades with a variety of securities dealers and act as liaison to outside bond vendors.
- Invest cash flows across markets and act as portfolio manager with a lower level of discretion.
- Act as a critical investment decision-maker when the portfolio manager is off the desk.
- Provide direction on compliance, regulatory rules, and investment guidelines.
- Interpret and communicate to portfolio managers market forces impacting bond performance and portfolio benchmarks.
- Recommend trades based on strong understanding of relative value.
- Respond effectively to bond desk inquiries pertaining to trading and pricing.
- Analyze data collected by less-tenured traders, and, with oversight, develop trading and portfolio strategies.

Requirements - Bachelor's degree in accounting, finance or economics; MBA and/or CFA preferred.
- Minimum of five years' general business experience, with at least four years of fixed income experience.
- Good knowledge of derivatives and other complex instruments.
- Strong PC skills with spreadsheet, database and other applicable software packages.
- Detail-oriented.
- Ability to work in a fast-paced environment.
- Excellent communication skills.
- Strong analytical, quantitative and problem-solving skills.

Vanguard, a leading financial company, offers a competitive Total Rewards package of cash compensation, benefits, work-life programs, and conveniences. Employment is contingent on a successful drug-screening result, and we maintain a smoke-free work environment. We are an equal opportunity employer committed to diversity in the workplace.

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