Structured Products Trader

Vanguard is hiring a Structured Products Trader. Level rates it ; you can apply on Vanguard.

Level's read on this job

Little AI ●○○○ is how Level rates this role: aI is not part of the work.
The posting mentions visa sponsorship.
The posting mentions Intex, trading and structured credit among its tools and skills.
Vanguard has 350 other open roles on Level.
Posted within the past week.

AI in this role

Structured products trader responsible for executing trades and generating investment ideas across ABS, CMBS, and CLOs at Vanguard.

intex

tradingstructured-creditfinancial-analysisportfolio-management

Join Vanguard’s Structured Products team within Active Fixed Income and contribute directly to portfolio performance through trading, investment idea generation, and portfolio positioning. You will focus on structured credit markets, including ABS, CMBS and CLOs. You will apply market knowledge, cash-flow analysis, and relative-value assessment to identify and execute investment opportunities while collaborating closely with research and investment colleagues.

This is an in-office role based in Malvern, PA (HQ).

Responsibilities:

Execute structured credit trades across primary and secondary markets, with a focus on best execution.
Generate investment ideas and identify relative-value opportunities across ABS, CMBS, CLOs, and other structured credit sectors.
Contribute to portfolio construction and positioning through actionable trade recommendations.
Analyze deal structures and cash flows to assess investment risk and return.
Partner with research colleagues to evaluate collateral, structural characteristics, and market dynamics.
Source investment opportunities and liquidity through dealer and issuer relationships.
Monitor structured credit markets and communicate actionable market insights to investment teams.

Qualifications:

5+ years of relevant experience in structured credit trading or investing.
Experience generating investment ideas and contributing to portfolio performance through trading, relative-value analysis, or portfolio positioning.
Strong knowledge of structured credit markets
Experience using cash-flow modeling and analytical tools, including Intex or similar platforms.
Ability to communicate investment views and collaborate effectively with research and investment partners.
Established dealer and issuer relationships, preferred.
Programming and/or data-analysis skills, preferred.
Direct buy-side investment experience, preferred.
CFA designation, preferred.

Special Factors

Sponsorship

Vanguard is not offering visa sponsorship for this position.

About Vanguard

At Vanguard, we don't just have a mission—we're on a mission.

To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

How we rate this

Structured Products Trader at Vanguard rates 0 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.

Classification

Little AI. AI is not part of the work.

●●●● Builds AI80 to 100
●●●○ Works on AI60 to 79
●●○○ Uses AI40 to 59
●○○○ Little AI0 to 39

Levels come from how often the tools, models and workflows of the role are named in the posting itself. Read the description and count the AI tools, models and workflows it names.

Key facts

Structured Products Trader is an open job at Vanguard.
Level rates this role AI Level 1 of 4: Little AI.
The role is based in Malvern, PA.
The job was posted on October 28, 2026.
Seniority: senior.
Applications are handled by Vanguard. Apply on Vanguard

Prepare for this job

Built from this posting and from similar jobs on Level.

Skills and AI tools this role asks for

TradingStructured CreditFinancial AnalysisPortfolio ManagementIntex

Questions you could be asked

Tell me about a project where trading was part of your work. What did you do?
Tell me about a project where structured credit was part of your work. What did you do?
Tell me about a project where financial analysis was part of your work. What did you do?
Tell me about a project where portfolio management was part of your work. What did you do?
Walk me through how you've used Intex in your day-to-day work.

Adapt your resume

List these exact terms on your resume: Trading, Structured Credit, Financial Analysis, Portfolio Management, and Intex. An applicant tracking system matches the wording, not the idea.
Attach one line of real, concrete experience to at least one of them. A tool named with nothing behind it rarely survives a human read.

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