Investment Risk Manager

The Team

The Equity Investment Risk team within the Investment Management and Finance Risk (IMFR) department at Vanguard is responsible for providing independent investment risk oversight of the firms internally managed funds. IMFR is organizationally positioned within the second line of defense though co-located on the trade floor with our Portfolio Managers and integral to the first line. The team identifies portfolio and market risks quantifies our portfolios exposures to these risks and communicates this information effectively to the portfolio management team and senior management. The team also performs ad-hoc research and develops risk analytics to enhance the businesss understanding of the risk and how to manage it through risk-aware portfolio construction.

In this role you will

Provide investment risk management oversight across Vanguards UCITS line-up of equity funds and ETFs through detailed analysis surveillance and engagement with our Portfolio Management and Trading team. This role will also support Vanguards suite of LifeStrategy and Target Retirement multi-asset funds.

Were looking for a self-directed candidate with excellent quantitative (applied statistical analysis and programming) and communication skills a passion for markets buy-side risk management experience and the ability to thrive in a dynamic environment. The role provides the successful candidate with opportunities to develop and quickly assume more responsibility within a rapidly changing and growing department.

You will also -

• Build and Maintain Our Risk Framework - Youll develop implement and maintain a strong and efficient risk management infrastructure that helps us manage measure monitor and report risk exposures across our global equity and multiasset investments

• Shape and Strengthen Our Risk Policies - Youll research review and maintain our equity and multiasset risk management policies procedures limits and guidelines. By gathering and analysing data from various equity fund management teams youll identify opportunities for improvement and recommend meaningful enhancements

• Use Technology to Bring Clarity to Risk - Youll design and deliver technology based tools and metrics and carry out statistical analysis to help measure monitor and manage different aspects of equity and multiasset risk. Youll share your findings with senior leaders portfolio managers and traders in a clear insightful tools and metrics and carry out statistical analysis to help measure monitor and manage different aspects of equity and multiasset risk. Youll share your findings with senior leaders portfolio managers and traders in a clear insightful way

• Stay Ahead of Market Developments - Youll continuously build your understanding of financial markets quantitative drivers best practices and investment themes. By developing deep knowledge of Vanguards equity and multiasset investment functions youll bring a wellinformed perspective to our risk processes. Youll stay alert to evolving business issues and ensure these are reflected in your risk analysis

• Support New Product Development - Youll contribute research risk insights and informed opinion as part of the new product design process

• Get Involved in Broader Initiatives - Youll participate in special projects and take on additional responsibilities as needed to support the wider team

What it takes

• Proven experience working within investment or risk analysis

• A degree in finance economics maths engineering or another quantitative field

• A strong understanding of market drivers macro events and cross asset trendsasset trends

• A proven ability to deliver high quality analysis communicate clear risk insights and constructively challenge investment teamsquality analysis communicate clear risk insights and constructively challenge investment teams

• Excellent communication skills and confidence working with senior stakeholders in a global environment

• Ability to manage multiple priorities and perform complex analysis under tight deadlines

• Experience with risk systems such as Axioma BarraOne etc

• Practical programming skills such as SQL Python etc

• Progress toward CFA or FRM is a plus

Special Factors

• Vanguard is not offering sponsorship for this position

• This is a hybrid position and would require you to work in the office 3 days per week (Tuesday Wednesday & Thursday)

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.

Its what we stand for: value to investors.

Inclusion Statement

Vanguards 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 Vanguards 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 Vanguards core purpose: to take a stand for all investors to treat them fairly and to give them the best chance for investment success.

Our commitment to equal employment opportunity

Vanguard is an equal opportunity employer. Vanguard is committed to providing all crew members a working environment that is free from discrimination prejudice and bias. Through this Equal Employment Opportunity (EEO) Policy Vanguard reaffirms its commitment to equal employment opportunity for all applicants and crew members without regard to race color national origin or ancestry religion gender sex sexual orientation gender identity or expression age disability marital status veteran or military addition Vanguard prohibits discrimination based on genetic information as well as any other characteristic protected by federal state or local law.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on Vanguard. Please informif you need assistance completing this application or to otherwise participate in the application process.

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.