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

Malvern, PA May 22, 2026 Full Time Workday

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.

What it takes

  • Experience. 8 years in investment management; 4+ years specializing in active credit structured products focused on commercial/residential real estate and/or data centers. Team leadership experience strongly preferred.
  • Education & credentials. Bachelors in finance, economics, mathematics, computer science, or engineering; graduate degree (MBA/MS) and CFA preferred.
  • Technical edge. Advanced SQL, Python, Tableau; comfort with large datasets. Proficiency with Aladdin, Intex, Trepp, Yield Book.
  • Analytical strength. Deep quantitative skills in credit modeling and risk analytics.
  • Communication & partnership. Ability to simplify complex ideas for senior audiences and to build durable relationships across internal and external stakeholders.
  • Mindset. Curiosity, initiative, and a track record of driving process/analytics improvements and automation.
  • Work location & work model. Malvern, PA; in-office Tuesday through Thursday. 

Special Factors

Sponsorship

Vanguard is not offering visa sponsorship for this position.

About Vanguard

At Vanguard, we don't just have a mission—we're on a mission.

To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.

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.

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How to Get Hired at Vanguard

  • The Vanguard Group is the world's second-largest asset manager with ~$10T AUM and ~21,000 employees, headquartered on a 100-acre wooded campus at 100 Vanguard Boulevard in Malvern PA, with major U.S. offices in Charlotte NC, Phoenix AZ, and Scottsdale AZ, plus international offices in London, Melbourne, Mexico City, and Shanghai.
  • Vanguard is mutually owned by its own funds (and through them by the funds' investors) — there is no IPO, no parent company, no founding family equity stake, and no external shareholder. This structure is the source of the firm's roughly 0.07 percent average expense ratio and is referenced in nearly every internal cultural conversation. Engaging with this structure understandingly is the single biggest cultural-fit signal you can send.
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