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Employment Type:
Full time
Job Category:
Emerging Market Debt Portfolio Manager
(This job is no longer available)
The Vanguard Group, Inc. | Malvern, PA
Grad Date

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Job Description

Vanguard, one of the world's largest investment management companies is seeking an Emerging Market Debt Portfolio Manager to join our Global Fixed Income Group. Vanguard is based on a simple but revolutionary idea-that a mutual fund company should be managed in the sole interest of its investors. To ensure that the interests of investors always come first, Vanguard is owned by the Vanguard funds, which in turn are owned by the investors. We're still the only company structured this way. Today, we state our mission broadly: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.

Vanguard is looking for a portfolio manager to join our active emerging market and sovereign debt team. Vanguard employs a team approach in managing investments. The team is responsible for managing emerging market and government related positions across Vanguard's multi-sector and dedicated products. The team's philosophy revolves around a risk controlled approach with emphasis on active management, relative value, and country and security selection.

The Role: Vanguard's emerging market and sovereign debt team is a multi-disciplinary team that includes members from portfolio management, trading, strategy and research, economics, and risk and quantitative research. The role would be reporting to the lead EM and Sovereign PM. The PM would be part of the team and would be tasked with designing and implementing investment strategies across portfolios. The PM would also be expected to contribute to the wider investment dialogue in Vanguard's fixed income group.

The candidate: A strong candidate would have 5-10 years investment experience, ideally in the investment management industry. He or she would have a strong understanding of sovereign debt, including fundamental credit risk and relative value. Understanding of portfolio construction and risk management is a must. A candidate with trade execution experience would be preferred. Experience investing via credit default swaps, interest rate swaps, and other derivatives is strongly preferred. In addition to expertise in sovereign debt, preference will be given for candidates with local market experience, including emerging market rates and FX. Experience investing in EM corporates would be a plus.

The candidate must also possess:

* Undergraduate degree required, graduate degree preferred or professional designations such as a CFA
* Excellent communications skills, be a team player, and share Vanguard's dedication to our clients
* Demonstrated ability to in applying portfolio management concepts to the actual portfolio process
* Knowledge and experience in the use of Bloomberg and other security and portfolio analysis systems

About The Vanguard Group, Inc.

Company Description

In 1975, a small but uniquely structured mutual fund company came into being. More than a quarter-century later, Vanguard is internationally known for exceptional client service and the highest-value products in the industry.

Most investment firms are publicly traded or privately owned. Vanguard is different. We're owned by the Vanguard funds, which are owned by our clients. Helping our investors achieve their goals is our sole reason for existence. With no other parties to answer to and no conflicting loyalties, we can keep investing costs as low as possible.

At Vanguard, you'll be part of a culture that calls for doing what is right in every situation, every day.

A Choice of Locations:

  • Amsterdam, The Netherlands
  • Brisbane, Melbourne, Perth, and Sydney, Australia
  • Hong Kong
  • London, England
  • Paris, France
  • Singapore
  • Tokyo, Japan
  • Toronto, Ontario, Canada
  • Valley Forge, Pennsylvania; Charlotte, North Carolina; and Scottsdale, Arizona, United States
  • Zurich, Switzerland

Quick Facts:

  • Corporate headquarters: Valley Forge, Pennsylvania.
  • Founded: May 1, 1975.
  • Total assets: Approximately $1.7 trillion in U.S. mutual funds (as of December 31, 2011).
  • Number of funds: Approximately 170 U.S. funds (including variable annuity portfolios), plus additional funds in international markets.
  • Chairman and CEO: F. William McNabb III.
  • Number of employees (crew): Approximately 13,000 in U.S. and international locations (as of December 31, 2011).

Mission & Values

Our Mission:
Our mission is simple. We aim to help our clients—individuals, institutions, or financial advisors—reach their financial goals by being the world's highest-value provider of investment products and services. We accomplish this by offering a range of investment products, including low-cost mutual funds and exchange-traded funds, as well as investment-related services such as advice, brokerage, and retirement savings programs.

Our Ethics:
We pledge to adhere to the highest standard of ethical behavior and fiduciary responsibility in all that we do. We put our clients' interests first and we invest the majority of our assets alongside theirs. We communicate candidly about risks and costs, as well as rewards.

Our Investment Philosophy:
We believe that investing is a long-term proposition, not a matter of chasing short-term performance or investment fads. By focusing on low costs, diversification, and a long-term perspective, we can help position our clients for long-term investment success.

Working Here

As soon as you start working at Vanguard, you'll learn what's expected of you and what you need to do to achieve results. You'll have access to a wide variety of resources, receive support to help you succeed, and much more.

We continue to be recognized as a leader in the development of our crew. In fact, year after year, we rank high on Training magazine's "Training Top 125" list for our strong commitment to learning and professional career development.


Best-in-class health care coverage, a generous retirement and savings plan, and life insurance are all part of the Total Rewards package you'll receive as a crew member—along with your compensation, work-life offerings, and conveniences. Our Total Rewards package is a big reason Vanguard is an employer of choice.