Money Market Trader

Vanguard; City Of London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A leading asset management firm in the City of London seeks a team member for their European Money Market team. This role involves portfolio management support for UCITS money market funds, ensuring compliance with regulations, and executing trades. An ideal candidate holds a degree in finance and has experience in money markets. The position requires strong analytical skills and teamwork abilities, with no visa sponsorship available. Work is expected to be in-office five days a week.

Qualifications

• Strong understanding of UCITS framework and European MMF regulations.
• Experience in fixed income or money markets (internship or analyst level acceptable).
• Familiarity with short-term instruments (repos, CP, CDs).

Responsibilities

• Assist in managing VNAV and LVNAV UCITS money market funds.
• Monitor daily liquidity and credit exposures to maintain regulatory guidelines.
• Execute short-term instruments under supervision.
• Conduct valuation analysis and monitor macroeconomic indicators.
• Prepare performance attribution and client reporting materials.

Skills

Finance knowledge

Analytical mindset

Teamwork skills

Communication skills

Attention to detail

Education

Degree in Finance, Economics, or related field

CFA or progress toward CFA preferred

Tools

Bloomberg

Python

Job description

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. This role involves assisting senior PMs in portfolio construction, trade execution, and risk management, while ensuring compliance with European Money Market Fund Regulation and UCITS directives.

Key Responsibilities:

Portfolio Management Support

• 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.

Trade Execution

• 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.

Research & Analysis

• Conduct valuation analysis on issuers and counterparties.
• Monitor macroeconomic indicators, central bank policy, and short-end yield curves to inform investment decisions.

Risk & Compliance

• Ensure adherence to UCITS and MMF regulations, including diversification, WAM/WAL limits, and liquidity buckets.
• Support internal audits and regulatory reporting requirements.

Product Growth

• Participate in product development initiatives for new UCITS money market offerings.

Client & Stakeholder Interaction

• Prepare performance attribution, market commentary, and client reporting materials.

Skills & 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.

Competencies

• Strong communication and teamwork skills.
• Ability to prioritise tasks in a fast-paced environment.
• Commitment to compliance and risk awareness.

Special Factors

• Vanguard is not offering visa sponsorship for this position.
• 5 days in office role.