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Taxable Money Market Portfolio Manager

Vanguard

Taxable Money Market Portfolio Manager

Vanguard

Malvern, PA

·

On-site

·

Full-time

·

2w ago

Benefits & Perks

Healthcare

401(k)

Flexible Hours

Remote Work

Healthcare

401k

Flexible Hours

Remote Work

Required Skills

Portfolio management

Investment strategy

Trading

Taxable Money Market Portfolio Manager

The Vanguard Money Market team oversees $700B in assets and is the 3rd largest money fund provider in the industry. This role will serve as the second in command to the Head of Taxable Money Markets, managing portfolios and performing detailed analysis for the Taxable Money Market portfolios.

Core Responsibilities:

  • Partner with the Head of Taxable Money Markets to develop and implement investment strategies for all Vanguard money market portfolios.
  • Day-to-day responsibility for the portfolio management of several Vanguard MMFs including the trading of repurchase agreements, US Treasuries, and US agency securities.
  • Represent the Taxable Money Market team, funds, and strategies to both internal and external audiences, such as clients, at industry conferences, with regulators, or with industry associations.
  • Cultivate and maintain strong relationships with external trading counterparties and internal business partners, such as credit research, trading operations, Office of the General Counsel, investment risk, and investment strategy.
  • Help train and develop less tenured Taxable Money Market team members.

Qualifications:

  • 10 years of related work experience, including 5 years of Money Market experience preferred.
  • Undergraduate degree in finance, economics, mathematics, or statistics or equivalent combination of training and experience preferred.
  • MBA and/or CFA preferred.
  • Experience with SEC rule 2a-7.
  • Leadership experience within the investment management industry preferred.

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.

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About Vanguard

Vanguard

A client-owned investment company that offers low-cost mutual funds, ETFs, advice, and related services to institutional and individual investors, and financial professionals.

10,001+

Employees

Kelayres

Headquarters

Reviews

3.4

3 reviews

Work Life Balance

2.5

Compensation

3.2

Culture

2.8

Career

3.5

Management

3.0

45%

Recommend to a Friend

Pros

Competitive compensation package with bonuses

Good foundation for career development

Interesting programs aligned with education

Cons

Long commute requirements (2.5 hours)

Mandatory on-site presence multiple days

Pay below industry standards

Salary Ranges

1,532 data points

Junior/L3

Mid/L4

Senior/L5

Junior/L3 · Processing Associate

135 reports

$57,471

total / year

Base

$53,433

Stock

-

Bonus

$4,038

$45,260

$73,912

Interview Experience

3 interviews

Difficulty

3.0

/ 5

Duration

14-28 weeks

Interview Process

1

Application Review

2

Recruiter/HR Phone Screen

3

Technical/Case Study Round

4

Final Round Interview

5

Offer

Common Questions

Behavioral/STAR

Technical Knowledge

Case Study

Past Experience

Culture Fit