Investment Performance Analyst, Specialist

This role focuses primarily on Index Equity strategies and Fund of Fund portfolios, with the capability to support Fixed Income as required. The role builds strong performance measurement and attribution expertise, with depth in Index Equity and Fund of Fund portfolio structures, and sufficient breadth across other asset classes to support team resilience and future development. The Performance Analysis & Attribution team works closely with Portfolio Managers and Risk partners to explain portfolio performance across Vanguard's global fund range.

Key Responsibilities

• Independently performs day-to-day performance measurement and attribution analysis, ensuring accuracy, timeliness, and consistency with benchmarks and internal performance standards.
• Identifies, analyses, and clearly explains the drivers of daily excess performance, including market movements, index methodology and rebalance effects, timing differences between the fund and the benchmark, corporate actions, and cash impacts.
• Prepares and presents performance and attribution insights to Portfolio Managers and Risk, including participation in weekly review forums.
• Applies established performance measurement and attribution methodologies.
• Validates and reconciles performance and attribution outputs across systems, escalating issues in line with defined procedures.
• Responds to analytical and technical queries, operating independently for routine analysis and partnering with senior analysts on more complex topics.
• Uses analytical tools and datasets (e.g. Excel, FactSet, SQL, Python) to support analysis, reporting, and process efficiency.
• Operates within Vanguard's risk and control framework, ensuring data integrity and audit readiness.
• Contributes to process improvement, standardisation, and automation initiatives.
• Collaborates effectively within a global team and supports knowledge sharing.

What We Are Looking For

• Hands on experience in performance measurement and attribution (essential).
• Experience supporting Index Equity portfolios &/ or Fund of Fund portfolios strongly preferred.
• Experience with Fixed Income instruments highly desirable.
• Strong understanding of benchmarks and index construction.
• Strong understanding of attribution methodologies (e.g. Brinson based equity attribution, fixed income attribution advantageous).
• Ability to identify and explain drivers of excess performance clearly and concisely.
• Comfortable working within established analytical frameworks while developing technical depth.
• Growth mindset.

Qualifications

• Degree in Finance, Economics, Mathematics, Accounting, or a related discipline.
• Interest in pursuing CIPM or CFA preferred.
• Experience in investment performance, attribution, index analytics, or a related analytical role.
• Strong understanding of equity markets and index based investment strategies.
• Exposure to Fixed Income instruments preferred.
• Strong analytical skills and attention to detail.
• Proficiency in Excel; FactSet experience highly desirable.
• Exposure to SQL or Python beneficial.
• Fund accounting awareness and familiarity with IBOR and ABOR concepts preferred.
• Knowledge of Factset & BlackRock Solutions Aladdin is advantageous.
• Strong communication skills and ability to work effectively in a collaborative environment.

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.