Manages and oversees the design, development, and implementation of investment risk management systems and strategies. Provides expertise and analysis across equity and/or fixed income funds in a global environment.

Equity Investment Risk Manager

The Equity Risk team within the Investment Management and Finance Risk (IMFR) at Vanguard is responsible for providing independent investment risk oversight of the firm’s managed assets. The team identifies portfolio & market risks, quantifies our portfolio’s exposures to these risks, and communicates this information effectively to the portfolio management team and senior management. The team also performs ad-hoc research and develops risk analytics to enhance the business’s understanding of the risk and how to manage it through risk-aware portfolio construction.

We’re looking for a self-directed candidate with proven experience in managing and leading a team of risk professionals. The candidate will have demonstrable quantitative (applied statistical analysis and programming) and communication skills, a passion for markets, buy-side risk management experience, and the ability to thrive in a dynamic environment. The role provides the successful candidate with opportunities to develop & assume more responsibility within a rapidly changing & growing department.

Job Summary

To provide investment risk management oversight across Vanguards’ line-up of equity funds and ETFs through detailed analysis, surveillance and engagement with our Portfolio Management and Trading team. The role will also support Vanguard’s suite of LifeStrategy and Target Retirement multi-asset funds. As an Investment Risk Manager you will be part of the Investment Management and Finance Risk (IMFR) which is organizationally positioned within the second line of defense, though co-located on the trade floor with our Portfolio Managers and integral to the first line.

Job Profile Summary

Provides investment risk management expertise and analysis across equity funds in a global environment.

Job Description

Core Responsibilities

Lead the equity investment risk team to work closely with the portfolio management team  to influence and add value to the investment process by applying analytical insight, judgement and experience to evaluate risk and performance of funds. Lead staff in the development of specialized investment risk management, performance analysis and other analytical skills that raise the capabilities of the investment risk team. Achieve high levels of colleague and employee engagement. Develop a pipeline of future leaders. Provide thought leadership to improve the investment process and publish value added research and insights. Use a variety of analytical resources to develop and enhance existing risk-return analysis, including performance attribution, multifactor risk models, optimization, and stress testing. Develops, implements, and maintains an effective and efficient risk management infrastructure to manage, measure, monitor, and report aggregate global equity and multi-asset investments risk exposures. Researches and evaluates best practices for equity investment and business activities to control various risks. Researches equity and multi-asset investment risk management policies and procedures, limits, and guidelines. Gathers and analyzes data from various equity fund management units and provides improvement recommendations. Develops and implements technology-based tools and metrics, and performs statistical data analysis to report, monitor, measure, and manage various aspects of equity and multi-asset investment risk exposures. Presents thorough, clear, and insightful analysis to senior leaders, portfolio managers, and traders. Develops and implements processes, tools, and techniques to evaluate and validate equity investments models. Implements ongoing model validation processes. Develops and maintains knowledge of financial markets, quantitative drivers, and general investment themes in order to bring an informed perspective to the risk management processes. Develops a deep understanding of Vanguard’s equity and multi-asset investment management functional areas. Keeps abreast of current issues in business operations and incorporates changing business needs into risk analysis. Participates in special projects and performs other duties as assigned.

Qualifications

• Strong related work experience. Supervisory experience preferred.
• Undergraduate/Graduate degree or equivalent combination of training and experience.
• Progress towards professional certification (CFA, FRM) preferred.
• Professionalism in managing multiple priorities and performing complex analysis under tight deadlines.
• Excellent verbal and written communication skills and a proven ability to interact and build effective working relationships with peers and senior management.

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.