Index Equity Trader and Analyst
Supports the Equity portfolio management and trade execution process.
**About Vanguard**
More than 45 years ago, John C. Bogle had a vision to start an investment company that did things differently. A company with no external shareholders. Where all the profits were invested back into the business and used to lower costs. Evidently, it was as bold as it was brilliant. To this day, Vanguard Group still has no external shareholders. That means no share prices to protect, and no profits to generate for outside owners.
Today, Vanguard is one of the world's largest investment management companies, serving more than 50 million investors worldwide. For more than 25 years Vanguard Australia has been supporting individual investors, financial advisers, and superannuation members to achieve their long-term financial goals.
**Team & Opportunity**
Equity Index Group in Australia is responsible for implementing investment strategy and delivering performance objectives of Vanguard Australia's domestic, global equity and multi-asset index funds and ETFs. In addition to serving Vanguard Australia clients, the team oversees index events and executes trades on behalf of Vanguard's equity clients around the globe.
In this role, you could be involved with:
- informing EIG's investment and trading strategies by performing risk, index and transaction analysis to deliver informed investment decisions and improved outcomes
- contributing to innovation initiatives to automate manual processes, increasing efficiency and reducing operational risk within EIG.
- creating ETF baskets to provide to the market for pricing and transacting on our ETFs
**Core Responsibilities**
- Creates and validates Equity ETF Portfolio Listing Files (PLF). Provides quality assurance to ensure integrity of the PLFs and provides timely resolution of discrepancies, by working closely with strategic partners and global business partners.
- Contributes to the portfolio management process via impact mitigation and index migration strategies. Provides opinions and recommendations to regulators, professional bodies, and exchanges with regards to market structure and proposed rules.
- Develops trading proposals for the portfolio management team related to capital gains and reinvestment strategies, under close supervision of portfolio managers. Develops and maintains broad knowledge and awareness of trading industry developments, competitors, and exchange rules that impact the trading community.
- Works closely with industry index providers on implementing improvements to their methodologies and analytics with regard to trading and new index evaluation. Understands index methodology, benchmark characteristics and risk model attributes for the trading team and related investment groups.
- Coordinates the transition of external client investment portfolios into/out of Vanguard index funds. Sets up operational flows to manage transition. Works with internal/external clients and portfolio managers to determine and execute the most effective and efficient transition strategies. Performs analysis on the external client's portfolio to transition from previous custodian and perform in kind transfers. Prepares data for trading.
- Upon exhibiting proficiency in ETF basket construction and index analytics responsibilities, as assessed by senior PMs, begins to assume equity and derivative trade execution and general portfolio oversight responsibilities. PM oversight of performance to these responsibilities is expected to lessen gradually over time.
**Qualifications**
- Minimum of two years in the Financial Services industry. Investment management experience preferred.
- Undergraduate degree in finance or economics or equivalent combination of training and experience required.
- Proficiency in data analytics tools and techniques and python programming language.
- CFA certification preferred.
**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.
Our 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 enabli