Senior Foreign Exchange Trader

Vanguard; Malvern (Chester County); On-site; USD 180,000 - 240,000; Full time

Job summary

Vanguard's FX Team executes foreign exchange trades across fixed income and equity portfolios globally, delivering best execution and market insight through disciplined trading and robust analytics. The role collaborates with portfolio management and technology partners.

We seek an experienced trader with eight years of investor experience, proficient with FX platforms (FX Connect, FX All, Bloomberg FXGO, 360T) and with strong currency risk and macro knowledge. Python skills are preferred.

Qualifications

• Eight years of experience as investor with fixed income and FX trading focus.
• Experience on FX trading platforms such as FX Connect, FX All, Bloomberg FXGO, 360T.
• Strong understanding of currency risk and global rates/credit risk.
• Proven track record in improving trading practices.
• Python or other programming skills preferred.
• Excellent communication and mathematical skills.
• Strong analytical and problem-solving abilities.

Responsibilities

• Negotiate and execute FX trades for assigned portfolios.
• Back up other traders as needed.
• Analyze and contribute to performance attribution reports.
• Suggest workflow improvements to reduce risk.
• Collaborate with tech and product teams to build new tools.
• Initiate investment research and generate trade ideas.
• Develop models with the quantitative research team.
• Build relationships with dealers to improve execution.
• Prepare investment reviews for clients.
• Participate in special projects.

Skills

FX trading

Fixed income

Macro strategy

Quant modeling

Risk management

Python

Tools

FX Connect

FX All

Bloomberg FXGO

360T

Job description

The FX Team execute foreign exchange transactions across fixed income and equity portfolios globally, in support of portfolio management objectives. The role focuses on delivering best execution and providing market insight through disciplined trading, robust analytics, and collaboration with investment teams and technology partners.

What do we expect?

• Negotiate and execute FX trades for the assigned portfolios. Assist and back up other traders as needed.
• Handle negotiated trades and high-risk situations, be viewed as price setter for trading.
• Analyze and contribute ideas to design performance attribution reports to gain insight into different trading strategies and approaches.
• Identifies potential improvements to workflow or process to improve portfolio management results. Offers opinions and recommendations to improve workflow efficiency and/or to reduce operational risk.
• Collaborate with technology and product teams to design and implement new tools, platforms, and workflows to improve operational resilience and execution quality.
• Independently initiate investment research and generate trade ideas. Contribute views and ideas to macro and multi asset fund portfolio managers. When assigned by desk head, takes ownership of specific FX strategies to implement in assigned portfolios.
• Evaluate, acquire, and/or develop models with our quantitative research team for analyzing FX investment strategies.
• Develop and maintain strategic relationships with security dealers, and leverage relationships to improve operational efficiency and trading execution.
• Develops, designs, and delivers comprehensive and effective presentations and investment reviews for internal and external clients.
• Participates in special projects and performs other duties as assigned.

What it takes:

• Eight years of demonstrated experience as investor with a preference for prior Fixed Income portfolio management, fixed income and FX trading, macro strategy, quant modeling, and/or risk management experience.
• Experience across key FX trading platforms (FX Connect, FX All, Bloomberg FXGO, 360T, etc.) and multiple execution methods (Voice, Electronic Trading, Auto Ex, etc.).
• Strong understanding of currency risk, as well as global rates and credit risk management.
• Proven record in enhancing trading practices and keeping abreast of industry developments.
• Python or other programming skills preferred.
• Excellent communication and mathematical skills
• Strong analytical and problem-solving skills

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.