Securities Lending Trader
London
Vanguard is seeking a highly motivated and analytically minded professional to join our Securities Lending team. This role offers a unique opportunity to work closely with market participants, trading desks, portfolio managers, and industry stakeholders while contributing to the ongoing success and growth of Vanguard's securities lending program.
About the Role
As a Securities Lending Trader, you will generate risk-adjusted alpha/revenue through the strategic lending of global securities, identify market opportunities, and build relationships with broker-dealers and market participants. Operating in a fast-paced, high-volume environment, you will balance commercial opportunity, risk, and client outcomes while navigating rapidly changing market conditions.
Success in this role requires strong commercial instincts, sound judgment, and the ability to influence outcomes through effective negotiation. The most successful traders thrive in ambiguity and use probabilistic thinking to make high-quality decisions with incomplete information, understanding that waiting for perfect certainty often means missing the opportunity. Increasingly, traders leverage data, analytics, automation, and AI-driven tools to uncover opportunities, improve decision-making, and scale their impact.
This role is ideal for individuals who are naturally competitive, commercially minded, intellectually curious, and energized by operating in a fast-paced environment where no two days are the same. The most successful securities lending traders are equal parts market expert, negotiator, strategist, and problem solver, with a relentless focus on delivering results for clients
Key Responsibilities
Generate risk-adjusted lending alpha/ revenue by identifying, evaluating, and executing securities lending opportunities across global markets.
Build and manage relationships with broker-dealers, market makers, and other market participants to maximize lending demand and market intelligence.
Negotiate lending rates, transaction terms, and structures to optimize commercial outcomes while managing risk.
Monitor market developments, corporate actions, investor flows, short interest activity, and regulatory changes to identify trading opportunities and risks.
Use market intelligence, data, and analytics to make informed trading decisions and provide actionable insights to portfolio managers and stakeholders.
Leverage technology, automation, and AI-driven tools to improve trading decisions, operational efficiency, and scalability.
Drive continuous improvement across trading processes, execution quality, controls, and business outcomes.
Contribute to securities lending strategy, product development, and market structure initiatives through competitive analysis and industry engagement.
Participate in strategic projects that support the growth, innovation, and long-term success of Vanguard's securities lending program.
What We're Looking For
Relevant industry experience, preferably within securities lending, capital markets, trading, or investment management.
Undergraduate degree or equivalent combination of education and experience.
Degree qualifications in Finance, Economics, Mathematics, Engineering, or a related discipline are highly regarded.
Graduate qualifications are advantageous.
CFA designation or progress toward CFA accreditation is preferred.
Strong analytical, relationship management, and communication skills.
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
- Relevant industry experience in securities lending, capital markets, trading, or investment management
- Undergraduate degree or equivalent combination of education and experience
- Degree in Finance, Economics, Mathematics, Engineering, or a related discipline
- Graduate qualification
- CFA designation or progress toward CFA accreditation
- Strong analytical, relationship management, and communication skills
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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