Foreign Exchange Trader
Vanguard
Job Overview
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Job Description
Foreign Exchange Trader
The Foreign Exchange Trader will execute foreign exchange transactions across fixed income and equity portfolios, in support of portfolio management objectives. The role focuses on delivering best execution, minimizing transaction costs, and providing market insight through disciplined trading, analytics, and collaboration with investment teams and technology partners.
Core Responsibilities
Trade Execution & Portfolio Impact
- Analyze, execute, and manage FX trades for fixed income and equity portfolios across active and passive strategies.
- Deliver relevant, concise, and value‑added analysis to portfolio managers to support trading and investment decisions.
- Monitor market conditions, liquidity, and volatility to optimize trade execution and manage execution risk.
- Provide actionable market color and timely insights to portfolio managers and investment teams through market analysis and risk assessments.
- Partner with the Transaction Cost Analysis (TCA) team to generate and interpret performance attribution and execution reports.
Workflow Improvement & Technology Resolution
- Identify data or process gaps, investigate anomalies, and create feedback loops to continuously improve investment and execution outcomes.
- Identify and recommend operational and workflow improvements to enhance efficiency, scalability, and control.
- Collaborate with technology and product teams to design and implement new tools, platforms, and workflows to improve operational resilience and execution quality.
Relationship Management & Special Projects
- Maintain effective relationships with FX counterparties and trading venues to support liquidity access and best execution.
- Work closely with investment teams, risk, technology, and operations to support broader organizational objectives.
- Participates in special projects and performs other duties as assigned.
Qualifications
- Proven related work experience, including specific experience in investment management.
- Undergraduate degree in finance or economics or equivalent experience required. Graduate degree preferred.
- CFA designation preferred.
Special Factors
- European Designations: Certified, MIFID, T&C.
- Vanguard is not offering visa sponsorship for this position.
- 5 days in office role.
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.
Key skills/competency
- Foreign Exchange Trading
- Portfolio Management
- Best Execution
- Transaction Cost Analysis (TCA)
- Market Analysis
- Risk Management
- Financial Markets
- Investment Management
- Trade Execution
- Algorithmic Trading
How to Get Hired at Vanguard
- Tailor your resume: Highlight FX trading, investment management experience, and quantitative skills relevant to Vanguard's Foreign Exchange Trader role.
- Showcase analytical skills: Emphasize your ability to analyze markets, manage risk, and deliver actionable insights for portfolio managers.
- Demonstrate collaboration: Provide examples of successful partnerships with investment teams, technology, and counterparties.
- Research Vanguard's values: Understand their commitment to clients and their mission-driven culture to align your application.
- Prepare for technical questions: Be ready to discuss market conditions, execution strategies, and TCA concepts.
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