Location: Malvern, PA (Hybrid) | Work Mode: Full-time | Annual Trading Volume: $15 Trillion | Posting date/time : February 5, 2026
Job Description
About the TAS Team
Vanguard’s Trading Analytics and Strategy (TAS) team works globally across all asset classes and mandates (active and passive) to optimize trading strategies. With over $9 trillion in AUM and $15 trillion in annual trading volume, the TAS team conducts data-driven analyses and builds tools to save millions of dollars for clients through optimized execution.
Key Responsibilities:
- Research, evaluate, and implement cutting-edge trading technology, analytics, and data sources.
- Conduct independent Transaction Cost Analysis (TCA) to maintain and enhance processes for global trading desks.
- Resolve infrastructure and data issues related to prototype technology tools leveraged by TCA processes.
- Enhance existing models, develop new data processes, and communicate findings to senior leadership.
- Maintain deep knowledge of market microstructure and transaction cost analysis to inform research.
- Shape the future of Vanguard’s trading agenda through advanced reporting and analytics.
- Represent Vanguard effectively to both internal stakeholders and external market participants.
Qualifications:
- Education: Undergraduate degree in a quantitative discipline is required; Graduate degree or CFA/FRM is preferred.
- Experience: Minimum of 2 years of related experience in quantitative finance or trading analytics.
- Technical: Proficiency in Python, R, or SQL is highly desirable.
- Market Knowledge: Strong foundation in cross-asset class investment knowledge and market microstructure.
- Visa Status: Vanguard is not offering visa sponsorship for this position.
Job details made easy by trendtoday360
Position: TAS Quant Analyst – Transaction Cost Analysis (TCA)
Focus: Trading Optimization & Market Microstructure
Core Technology: Python, SQL, R, TCA Modeling
✅ Job Summary and Focus:
This is a High-Impact Quantitative Strategy role sitting within one of the world’s largest asset managers. The focus is on Slippage Reduction—using data science to minimize the gap between a trade’s decision price and its execution price. You will be an expert in Market Microstructure, analyzing how large orders interact with exchange liquidity. By building TCA Models in Python, you will directly influence how $15 trillion is traded annually, ensuring that Vanguard remains at the forefront of algorithmic execution and cost-saving strategy.
📌 Key ATS Resume Keywords:
Quantitative Trading Analyst, Transaction Cost Analysis, TCA, Market Microstructure, Python, SQL, R, Trading Strategy, Algorithmic Execution, Implementation Shortfall, Market Impact, Cross-Asset Class, CFA, FRM, Trading Analytics, Data Orchestration, Vanguard.
💰 Industry and Demographic Insights:
Vanguard’s headquarters in Malvern, PA, serves as the global nerve center for their investment management operations.
- Malvern Hub: The Philadelphia suburbs (specifically the Main Line area) remain a premier hub for Investment Management and Fintech, offering a high density of quantitative talent outside of NYC.
- Racial Representation in Quant Research: According to 2025 labor data for “Financial Quantitative Analysts” in the U.S.:
- White: 47.5%
- Asian: 39.2%
- Hispanic or Latino: 6.8%
- Black or African American: 5.1%
- Gender in Trading Strategy: Women currently represent approximately 21% of trading analytics and strategy roles globally. Vanguard is known for its highly collaborative “crew” culture, emphasizing long-term career development and inclusion.
- Market Demand: In 2026, the demand for Python-driven TCA Specialists has grown by 18% as buy-side firms move away from third-party analytics toward proprietary, in-house trading tools.
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