Financial integrity from the inside out
Vanguard’s core purpose is to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success. Known for our strong ethical business practices and client focus, Vanguard has a vibrant and multi-faceted business. In support of our innovative and highly regulated business lines, Vanguard’s Compliance Department encounters a wide range of complex and compelling issues while providing exceptional, high-value business partnership and compliance support. In addition, Vanguard is an employer of choice that continually invests in the growth, development, and success of its employees over the course of their Vanguard careers.
To support its growing and evolving service offerings, Vanguard is seeking a highly skilled senior compliance professional to lead strategic compliance support related to business initiatives and day to today support. The ideal candidate will have Regulation Best Interest and supervision experience, including experience with sales practice and program design, and a minimum of 8 years of broker-dealer /wealth management businesses. Broad knowledge of broker-dealer, sales practice regulations and supervision regulations will complement the required skills.
As Business Unit & Product Compliance, Senior Specialist, will also provide strategic direction to a dynamic set of business leaders and staff focused on Vanguard’s Retail Sales and Wealth Management businesses. This role is a key member of a team charged with building, maintaining, and enhancing an evergreen and comprehensive compliance program for Vanguard’s retail business lines. Key measures of success include effective support of business operations and initiatives, identification and response to regulatory risk needs and ongoing regulatory changes, and implementation of required policies and procedures inclusive of appropriate operational and supervisory oversight within the business.
Responsibilities
- Develops, implements, and maintains an effective compliance program for brokerage business activities, services and products. Partners with business leaders and stakeholders to provide advice and ensure compliance with regulatory requirements.
- Leads regulatory visits, exams, inquiries, and complex investigations within the business.
- Maintains and revises compliance program policies and procedures. Designs, implements, and maintains new compliance standards.
- Identifies and implements corrective action plans for resolution of complex, problematic issues.
- Evaluates and communicates operational efficiency and effectiveness of compliance programs. Sets measurable standards leveraging internal and external resources accordingly.
- Serves as an expert and key resource related to compliance programs and regulatory matters relevant to business operations.
- Participates in special projects and performs other duties as assigned.
Qualifications
- Minimum of eight years related work experience. Supervisory experience preferred.
- Undergraduate degree or equivalent combination of training and experience.
- This job requires a regulatory license and/or registration (e.g. FINRA, state, SFC). These will be determined by Compliance based on role-specific duties.
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.
Vanguard Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Vanguard and has not been reviewed or approved by Vanguard.
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Retirement Support — Retirement support appears unusually strong through a 401(k) design that includes a match plus an additional employer contribution, which can materially lift long-term total rewards. HSA seeding and an enhanced employer match further strengthen the savings-and-benefits value of the package.
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Wellbeing & Lifestyle Benefits — Wellbeing and lifestyle support is reinforced by a sizable annual FlexFund stipend that can be applied across many day-to-day categories such as fitness, childcare, and other personal expenses. On-site or virtual clinics and fitness options add practical health and wellness convenience.
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Affordable Benefits — Healthcare and related benefits are positioned as comparatively affordable via heavily subsidized medical plans and broad coverage options. This affordability can offset moderate base pay for employees who place higher value on out-of-pocket cost reductions.
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What We Do
We are a community of 30 million who think – and feel – differently about investing. Together, we’re changing the way the world invests. Since our founding in 1975, helping our investors achieve their goals is our sole reason for existence. With no other parties to answer to and therefore no conflicting loyalties, we make every decision—like keeping investing costs as low as possible—with only your needs in mind. Vanguard is one of the world's largest investment companies, offering a large selection of high-quality low-cost mutual funds, ETFs, advice, and related services. Individual and institutional investors, financial professionals, and plan sponsors can benefit from the size, stability, and experience Vanguard offers. As of April 30, 2019, we managed more than $5.6 trillion in global assets. In addition, we have 189 funds in the United States and 225 funds in global markets. For Commenting Guidelines & Important information, visit here: http://vanguard.com/linkedin Vanguard Marketing Corporation, Distributor.
