Active Credit Structured Products Investment Analyst (ABS/CMBS/RMBS)

Vanguard • Malvern, PA

3d • Hybrid

About The Position

Make it count. Help shape Vanguard’s structured credit strategy by delivering rigorous analysis and actionable recommendations across CMBS and RMBS. You’ll collaborate across the fixed income desk by providing research that optimizes value and manages risk through fundamental analysis and cutting edge research technology. What you’ll do Own coverage. Maintain and expand sector expertise across CMBS/RMBS, track market/regulatory/economic developments, and translate impacts into investment opportunities and desk insights. Drive decisions. Build purchase/sale recommendations that integrate credit fundamentals, prepayment behavior, relative value, and risk analytics. Monitor what matters. Lead ongoing surveillance of issuers/sectors; systematize monitoring of credit quality changes, prepayment trends, and risk factors; deliver timely updates to the desk. Elevate the process. Leverage advanced analytic skills to champion improvements and automation—streamline workflows, scale data integration, and accelerate decision making. Influence and represent. Present views and strategies to senior leadership, internal partners, and clients; build relationships with PMs, banks, issuers, rating agencies, and peer analysts. Lean in to projects. Contribute to special initiatives and cross‑functional efforts that strengthen Active Credit.

Requirements

• 10 years in investment management; 5+ years specializing in active credit structured products focused on commercial/residential real estate and/or data centers.
• Bachelors in finance, economics, mathematics, computer science, or engineering
• Advanced SQL, Python, Tableau; comfort with large datasets.
• Deep quantitative skills in credit modeling and risk analytics.
• Ability to simplify complex ideas for senior audiences and to build durable relationships across internal and external stakeholders.
• Curiosity, initiative, and a track record of driving process/analytics improvements and automation.

Nice To Haves

• Team leadership experience strongly preferred.
• Graduate degree (MBA/MS) and CFA preferred.
• Proficiency with Aladdin, Intex, Trepp, Yield Book.

Responsibilities

• Maintain and expand sector expertise across CMBS/RMBS, track market/regulatory/economic developments, and translate impacts into investment opportunities and desk insights.
• Build purchase/sale recommendations that integrate credit fundamentals, prepayment behavior, relative value, and risk analytics.
• Lead ongoing surveillance of issuers/sectors; systematize monitoring of credit quality changes, prepayment trends, and risk factors; deliver timely updates to the desk.
• Leverage advanced analytic skills to champion improvements and automation—streamline workflows, scale data integration, and accelerate decision making.
• Present views and strategies to senior leadership, internal partners, and clients; build relationships with PMs, banks, issuers, rating agencies, and peer analysts.
• Contribute to special initiatives and cross‑functional efforts that strengthen Active Credit.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees