Core Responsibilities
- Works independently on transaction cost analysis, under the guidance of senior analysts, to generate actionable recommendations for trading desks based on rigorous research and quantitative analysis. Researches, evaluates, tests, and implements cutting-edge trading technology, analytics, data sources, and other tools.
- Develops and prototypes technology tools that provide value to the transaction cost analysis processes. Enhances existing models, develops data sources and processes, and communicates results. Applies machine learning techniques and alternative data to improve TCA precision and decision‑support.
- Develops and maintains knowledge of market structure, microstructure, and transaction cost analysis, to bring an informed perspective to the research process.
- Uses communication and interpersonal skills to integrate with the trading desk. Tailors communication of complex concepts to the needs and abilities of the audience.
- Contributes to the global TAS agenda, coordinate with the global team to align tools and analytics models, participate and drive some of the global initiatives.
- Represents Vanguard effectively to internal and external audiences.
- Participates in special projects and performs other duties as assigned.
Skills Required
- Exceptional conceptual, analytical, and problem solving skills, with proven ability to build/execute.
- Strong verbal and written communication skills, interpersonal skills, and professional presence.
- Proficiency in SQL, Python and ML libraries; familiarity with OneTick a plus
- Experience and/or interest in market microstructure, TCA, equities, and fixed income analytics.
- Minimum of 3 years related work experience, preferably including one year transaction cost analysis experience
- Advanced degree in quantitative discipline
Qualifications
- Minimum of two years related work experience, including one year transaction cost analysis experience.
- Undergraduate degree or equivalent combination of training and experience.
Special factors:
This position is hybrid and will require you to work in office Tuesday-Thursday.
Vanguard is not offering visa sponsorship for this position.
Why Vanguard?
Vanguard is a different kind of investment company. It was founded in the United States in 1975 on a simple but revolutionary idea: that an investment company should manage its funds solely in the interests of its clients.
This is a philosophy that has helped millions of people around the world to achieve their goals with low-cost, uncomplicated investments.
It's what we stand for: value to investors.
Inclusion Statement
Vanguard’s continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: “Do the right thing.”
We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard’s core purpose through our values.
When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard's core purpose: to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.
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 two years of related work experience, including one year of transaction cost analysis experience
- Undergraduate degree or equivalent combination of training and experience
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.
