The Opportunity
This is a senior role within the Fixed Income Quantitative Research Group. The Senior Corporate Credit Quantitative Strategist will help set the research agenda in partnership with the Global Head of Quantitative Research and other senior investors. The successful candidate will partner with portfolio managers, credit analysts, and risk teams to design, implement, and scale quantitative models supporting corporate bond investment strategies. The role focuses on credit alpha generation, relative value, and portfolio construction across global investment‑grade and high‑yield markets.
A key success factor is the ability to translate quantitative research into investment ideas used in live portfolios, enhancing security selection, sizing, and risk management.
What You’ll Do
Develop quantitative models for credit investing that directly inform alpha generation, issuer/sector selection, relativevalue decisions, and position sizing across global IG and HY portfolios.
Create and maintain quantitative signals like valuation, spread, quality, momentum, liquidity, downside risk with a demonstrated link to excess return across market regimes.
Partner closely with corporate credit portfolio managers and analysts to ensure quantitative insights drive live portfolio decisions, not standalone research.
Partner with quantitative research analysts on all stages of the model development life cycle. Take ownership of backtesting, performance attribution, and factor analysis, clearly articulating what drove returns, what detracted, and how strategies performed in stress environments.
Analyze issuer‑, sector‑, and capital‑structure‑level relationships to identify actionable relative‑value opportunities in corporate bonds.
Translate research into scalable, production‑ready analytics embedded in portfolio construction and risk workflows.
Communicate quantitative insights succinctly to PMs and senior investment leadership, focusing on decision‑relevant outcomes.
Mentor junior quants and uphold research standards, model governance, and documentation.
What It Takes
Required Qualifications
Advanced degree (Master’s or PhD) in a quantitative discipline (Mathematics, Statistics, Physics, Engineering, Quantitative Finance).
15+ years of experience in quantitative research or strategy with a primary focus on corporate credit.
Experience supporting systematic or quantitatively‑enabled credit strategies.
Deep understanding of corporate debt markets, including spread dynamics, capital structure, ratings migration, and default cycles.
Expertise with synthetic credit, capital structure RV, and leveraged loans. Proven ability to generate investment ideas independently and partner with PMs is a strong indicator of success in this role.
Strong programming skills in Python (required); SQL and/or R preferred.
Experience working with large fixed-income datasets (TRACE, BQUANT, issuer fundamentals, pricing, liquidity metrics).
Proven ability to deliver actionable research used by PMs.
Preferred / Differentiating Skills
Exposure to credit risk models, issuer‑level forecasting, and stress testing.
Prior experience embedding models into portfolio construction or risk platforms.
Prior experience with structured credit and global credit markets
CFA or progress toward CFA.
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
- Advanced degree in a quantitative discipline
- 15+ years of experience in quantitative research or strategy
- Strong programming skills in Python
- Experience working with large fixed-income datasets
- Expertise with synthetic credit and capital structure RV
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.
-
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.
-
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.
-
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.
