Active Credit Structured Products Investment Analyst (ABS/CMBS/RMBS)

Vanguard; Malvern (AR); On-site; USD 180,000 - 260,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Vanguard in Malvern, PA seeks a senior credit professional to own CMBS/RMBS coverage, driving rigorous analysis and actionable recommendations. You will build purchase/sale ideas, monitor issuers, and push automation across the fixed income desk.

You will lead surveillance, partner with PMs, banks, issuers, and rating agencies, and contribute to cross-functional Active Credit initiatives. Strong quantitative credit modeling and data skills are required.

Qualifications

• 8 years in investment management; 4+ years specializing in active credit structured products.
• Bachelor’s in finance, economics, mathematics, computer science, or engineering; MBA/MS and CFA preferred.
• Advanced SQL, Python, Tableau; comfort with large datasets.
• Deep quantitative skills in credit modeling and risk analytics.

Responsibilities

• Own coverage of CMBS/RMBS; track market/regulatory/economic developments and translate into opportunities.
• Build purchase/sale recommendations integrating credit fundamentals, prepayment behavior, relative value, and risk analytics.
• Lead ongoing surveillance of issuers/sectors; monitor credit quality changes and risk factors; deliver timely updates.
• Leverage advanced analytics to improve and automate workflows; scale data integration; accelerate decisions.
• Present views and strategies to senior leadership and clients; build relationships with PMs, banks, issuers, rating agencies, and peers.
• Contribute to cross-functional initiatives to strengthen Active Credit.

Skills

SQL

Python

Tableau

Education

Bachelor's degree (finance/economics/math/CS/engineering)

MBA/MS and CFA preferred

Tools

Aladdin

Intex

Trepp

Yield Book

Job description

Make it count. Help shape Vanguard’s structured credit strategy by delivering rigorous analysis and actionable recommendations across CMBS and RMBS. You’ll collaborate across the fixed income desk by providing research that optimizes value and manages risk through fundamental analysis and cutting edge research technology.

What you’ll do

• Own coverage. Maintain and expand sector expertise across CMBS/RMBS, track market/regulatory/economic developments, and translate impacts into investment opportunities and desk insights.
• Drive decisions. Build purchase/sale recommendations that integrate credit fundamentals, prepayment behavior, relative value, and risk analytics.
• Monitor what matters. Lead ongoing surveillance of issuers/sectors; systematize monitoring of credit quality changes, prepayment trends, and risk factors; deliver timely updates to the desk.
• Elevate the process. Leverage advanced analytic skills to champion improvements and automation - streamline workflows, scale data integration, and accelerate decision making.
• Influence and represent. Present views and strategies to senior leadership, internal partners, and clients; build relationships with PMs, banks, issuers, rating agencies, and peer analysts.
• Lean in to projects. Contribute to special initiatives and cross-functional efforts that strengthen Active Credit.

What it takes

• Experience. 8 years in investment management; 4 + years specializing in active credit structured products focused on commercial/residential real estate and/or data centers. Team leadership experience strongly preferred.
• Education & credentials. Bachelors in finance, economics, mathematics, computer science, or engineering; graduate degree (MBA/MS) and CFA preferred.
• Technical edge. Advanced SQL, Python, Tableau; comfort with large datasets. Proficiency with Aladdin, Intex, Trepp, Yield Book.
• Analytical strength. Deep quantitative skills in credit modeling and risk analytics.
• Communication & partnership. Ability to simplify complex ideas for senior audiences and to build durable relationships across internal and external stakeholders.
• Mindset. Curiosity, initiative, and a track record of driving process/analytics improvements and automation.
• Work location & work model. Malvern, PA; in-office Tuesday through Thursday.

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.