Hybrid TCA Analyst - ML-Driven Trading Cost Optimization

Vanguard; England; Hybrid; GBP 70,000 - 100,000; Full time

Job summary

Vanguard in the United Kingdom is seeking a transaction cost analysis professional to independently conduct TCA research, test trading technologies, and deliver actionable recommendations to trading desks based on rigorous research and quantitative analysis.

You will develop prototypes, apply machine learning, and stay current on market microstructure while liaising with global teams; this hybrid role requires in-office presence Tue-Thu and offers the chance to contribute to Vanguard's

Qualifications

• Proficiency in SQL, Python and ML libraries; familiarity with OneTick a plus.
• Experience and/or interest in market microstructure, TCA, equities, and fixed income analytics.
• Minimum of 3 years related work experience, preferably including one year transaction cost analysis experience.
• Advanced degree in quantitative discipline

Responsibilities

• Works independently on transaction cost analysis, under the guidance of senior analysts, to generate actionable recommendations for trading desks based on rigorous research and quantitative analysis.
• Researches, evaluates, tests, and implements cutting-edge trading technology, analytics, data sources, and other tools.
• Develops and prototypes technology tools that provide value to the transaction cost analysis processes. Enhances existing models, develops data sources and processes, and communicates results. Applies machine learning techniques and alternative data to improve TCA precision and decision‑support.
• Develops and maintains knowledge of market structure, microstructure, and transaction cost analysis, to bring an informed perspective to the research process.
• Uses communication and interpersonal skills to integrate with the trading desk. Tailors communication of complex concepts to the needs and abilities of the audience.
• Contributes to the global TAS agenda, coordinate with the global team to align tools and analytics models, participate and drive some of the global initiatives.
• Represents Vanguard effectively to internal and external audiences.
• Participates in special projects and performs other duties as assigned.

Skills

SQL

Python

ML libraries

OneTick

Market microstructure

TCA analytics

Equities analytics

Fixed income analytics

Education

Advanced degree in quantitative discipline

Tools

OneTick

Job description

Vanguard in the United Kingdom is seeking a transaction cost analysis professional to independently conduct TCA research, test trading technologies, and deliver actionable recommendations to trading desks based on rigorous research and quantitative analysis.

You will develop prototypes, apply machine learning, and stay current on market microstructure while liaising with global teams; this hybrid role requires in-office presence Tue-Thu and offers the chance to contribute to Vanguard's