Situated within the Global Risk & Security Division, the Counterparty Risk Management Team conducts credit reviews, risk assessments, and ongoing monitoring for Vanguard’s global counterparties. The Credit Risk Analyst role will primarily focus on expanding coverage of securities lending and banking relationships for the Personal Wealth (PW) Division, supporting key enterprise priorities.
This role is designed for a strong credit analyst who can pair rigorous financial statement analysis with clear, executive-ready stakeholder communication. The role covers counterparties across Vanguard’s Personal Wealth Division, along with coverage of trading counterparties and brokers for the Investment Management Group (IMG). For approved trading counterparties, the team performs analysis and monitoring to ensure risk exposure is appropriate based on each counterparty’s creditworthiness, collaborates with stakeholders to manage risk exposures, and ensures Vanguard’s compliance with SEC Derivatives and Liquidity Rules. This is a unique opportunity to innovate and meet the needs of new stakeholders, while contributing to a mature risk framework.
This role is an excellent opportunity to impact portfolio risk outcomes and gain meaningful visibility with senior leadership, while building broad relationships and growing your career across Vanguard's investment and risk organizations.
Core Responsibilities
Perform credit due diligence of financial statements, regulatory filings, credit disclosures, news sources, and market indicators to assess counterparty strength and downside risk.
Analyze key credit metrics, including leverage, liquidity, coverage, profitability, capitalization, and cash flow quality.
Continuously monitor rating agency actions, earnings updates, market events, breaking news, and spread movements to detect early signs of deterioration; evaluate risk implications of mergers, acquisitions, and other corporate actions.
Stay current on market structure, credit cycles, and relevant investment themes to inform risk views; use data analysis to identify trends, outliers, and emerging risk signals. Build
Conduct scenario and stress analysis to evaluate counterparty resilience and downside risk under adverse market, credit, and liquidity conditions.
Develop a deep understanding of PW and IMG businesses. Keeps abreast of current issues in business operations and incorporates changing business needs into risk analysis.
Build consulting-style presentations and lead stakeholder readouts that translate complex credit findings into clear business implications and actionable recommendations.
Manage relationships with stakeholders with PW, IMG, legal, compliance, and finance organizations. Acts as a liaison and subject matter expert on risk topics, and influence decisions through evidence-based communication of risk insights.
Assesses risks associated with new products and supports new implementations.
Produce timely updates for leadership, assessing impact of any credit health changes.
Partner with technology teams to enhance reporting, data quality, workflows, and controls.
Participate in special projects and perform other duties as assigned.
Required Qualifications
Minimum of five years related work experience, including three years of related credit analysis, credit research, financial statement analysis, or counterparty risk experience.
Undergraduate degree or equivalent combination of training and experience. Graduate degree preferred.
Progress towards professional certification (CFA, FRM, CPA) or continued development of investment and credit risk acumen preferred.
Strong command of corporate financial statement analysis and credit ratio interpretation.
Advanced Microsoft Office skills, proficiency in Bloomberg, and analytical or programming tools such as Python. Exposure and genuine interest in leveraging AI tools.
Key Skills
Financial statement and ratio analysis
Excellent written and verbal communication; ability to adapt communication for technical and non-technical audiences.
Relationship management, influence, and persuasion skills.
A strong risk mindset and ability to communicate exposures clearly to stakeholders
Self-starter mindset with strong ownership and follow-through
Statistical knowledge, data analytics and storytelling skills
High integrity, sound judgment, and discretion handling confidential information
Team-first flexibility and willingness to support tasks of all types
Proven ability to prioritize in a dynamic environment
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.
Skills Required
- Minimum of five years related work experience, including three years of credit analysis or counterparty risk experience.
- Undergraduate degree or equivalent combination of training and experience.
- Graduate degree.
- Progress towards professional certification (CFA, FRM, CPA) or continued development of investment and credit risk acumen.
- Strong command of corporate financial statement analysis and credit ratio interpretation.
- Advanced Microsoft Office skills (Excel, PowerPoint).
- Proficiency in Bloomberg.
- Experience with analytical or programming tools such as Python.
- Exposure to and genuine interest in leveraging AI tools.
- Excellent written and verbal communication and stakeholder management skills.
- Statistical knowledge, data analytics, and storytelling skills.
- High integrity, sound judgment, discretion handling confidential information.
Vanguard Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Vanguard and has not been reviewed or approved by Vanguard.
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Retirement Support — Retirement support appears unusually strong through a 401(k) design that includes a match plus an additional employer contribution, which can materially lift long-term total rewards. HSA seeding and an enhanced employer match further strengthen the savings-and-benefits value of the package.
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Wellbeing & Lifestyle Benefits — Wellbeing and lifestyle support is reinforced by a sizable annual FlexFund stipend that can be applied across many day-to-day categories such as fitness, childcare, and other personal expenses. On-site or virtual clinics and fitness options add practical health and wellness convenience.
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Affordable Benefits — Healthcare and related benefits are positioned as comparatively affordable via heavily subsidized medical plans and broad coverage options. This affordability can offset moderate base pay for employees who place higher value on out-of-pocket cost reductions.
Vanguard Insights
What We Do
We are a community of 30 million who think – and feel – differently about investing. Together, we’re changing the way the world invests. Since our founding in 1975, helping our investors achieve their goals is our sole reason for existence. With no other parties to answer to and therefore no conflicting loyalties, we make every decision—like keeping investing costs as low as possible—with only your needs in mind. Vanguard is one of the world's largest investment companies, offering a large selection of high-quality low-cost mutual funds, ETFs, advice, and related services. Individual and institutional investors, financial professionals, and plan sponsors can benefit from the size, stability, and experience Vanguard offers. As of April 30, 2019, we managed more than $5.6 trillion in global assets. In addition, we have 189 funds in the United States and 225 funds in global markets. For Commenting Guidelines & Important information, visit here: http://vanguard.com/linkedin Vanguard Marketing Corporation, Distributor.
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