Money Market Trader

Vanguard; Camden Town; On-site; GBP 35,000 - 50,000; Full time

Job summary

A leading investment management firm in Camden Town is seeking a candidate to join their European Money Market team. The role involves managing UCITS money-market funds, ensuring liquidity and adherence to regulations. Ideal candidates will have a degree in finance or economics, strong UCITS knowledge, and experience with fixed income markets. This position requires analytical skills, communication abilities, and a focus on compliance.

Qualifications

• Experience in fixed income or money markets (internship or analyst level acceptable).
• Familiarity with short-term instruments (repos, CP, CDs) and liquidity management.
• Ability to prioritise tasks in a fast-paced environment.

Responsibilities

• Assist in managing VNAV and LVNAV UCITS money-market funds.
• Monitor daily liquidity, credit exposures, and duration positioning.
• Conduct valuation analysis on issuers and counterparties.
• Prepare performance attribution, market commentary, and client reporting materials.

Skills

Strong understanding of UCITS framework and European MMF regulations

Proficiency in Bloomberg

Analytical mindset

Strong communication skills

Ability to work under pressure

Teamwork skills

Education

Degree in Finance, Economics, or related field

CFA or progress toward CFA preferred

Tools

Python

Job description

Overview

An opportunity to join the newly formed European Money Market team. The role will support the management of money market funds within the UCITS framework, focusing on liquidity, capital preservation, and competitive returns.

Responsibilities

• Assist in managing VNAV and LVNAV UCITS money‑market funds across multiple currencies (EUR, GBP, USD).
• Monitor daily liquidity, credit exposures, and duration positioning to maintain regulatory and internal guidelines.
• Execute short‑term instruments (repos, T‑bills, CP, CDs) under supervision.
• Liaise with trading desks and counterparties to optimise execution outcomes.
• Assist in execution of FX orders across IMG, ensuring timely and optimal outcomes.
• Conduct valuation analysis on issuers and counterparties.
• Monitor macroeconomic indicators, central bank policy, and short‑end yield curves to inform investment decisions.
• Ensure adherence to UCITS and MMF regulations, including diversification, WAM/WAL limits, and liquidity buckets.
• Support internal audits and regulatory reporting requirements.
• Participate in product development initiatives for new UCITS money‑market offerings.
• Prepare performance attribution, market commentary, and client reporting materials.

Qualifications

• Degree in Finance, Economics, or related field; CFA or progress toward CFA preferred.
• Experience in fixed income or money markets (internship or analyst level acceptable).
• Strong understanding of UCITS framework and European MMF regulations.
• Familiarity with short‑term instruments (repos, CP, CDs) and liquidity management.
• Proficiency in Bloomberg, Python and risk systems.
• Analytical mindset with attention to detail and ability to work under pressure.
• Strong communication and teamwork skills.
• Ability to prioritise tasks in a fast‑paced environment.
• Commitment to compliance and risk awareness.