Join Vanguard Marketing Corporation (VMC), a vital part of Vanguard's mission to serve investors with integrity and excellence. In this highly visible accounting and regulatory reporting role, you'll gain unique exposure to the financial operations of a registered broker-dealer while working at the intersection of accounting, finance, compliance, and regulatory oversight. You'll play a key role in safeguarding client assets, supporting critical reporting to FINRA and the SEC, partnering with senior business leaders, and contributing to audits and strategic initiatives that help maintain Vanguard's reputation for trust and operational excellence.
This is an outstanding opportunity for an early-career finance or accounting professional who is looking to build deep expertise in financial reporting, regulatory compliance, and broker-dealer operations while developing relationships across a broad network of business partners.
Note: Vanguard Marketing Corporation (VMC). VMC is a Vanguard legal entity which is a registered broker-dealer and provides brokerage services as a self-clearing broker-dealer under the name Vanguard Brokerage Services. VMC also provides marketing and distribution services for the Vanguard funds.
Responsibilities:
- Completes the month end close for the VMC entity. Enters, reviews, and approves journal entries which include revenue and expense accruals and other entries needed.
- Prepares Balance Sheet, Income Statement, and a Net Capital calculations for monthly FOCUS reporting to FINRA, a key Broker-Dealer regulator. Conducts monthly meetings with the Financial Operations Principal (FINOP) to review preliminary FOCUS filing data.
- Prepares the weekly Customer Reserve calculation in accordance with SEC rule 15c3-3 and oversees deposits into and withdrawals from the Customer Reserve bank account in order to properly protect customer assets.
- Creates quarterly financial statements and prepares a quarterly certification package consisting of full financials, footnotes, and executive summaries of the balance sheet and income statement.
- Completes VMC account reconciliations in accordance with established deadlines. Identifying reconciling items and proposes plan for resolution. Compiling and organizes all required supporting documentation.
- Identifies and manages risk pertaining to accounting and regulatory reporting functions.
- Supports external audit team (PwC) during the annual financial statement audit.
- Provides support during annual regulatory audits with FINRA and the SEC. This position Works closely with Compliance, Legal, and other business partners to respond timely and accurately to all exam requests within tight deadlines.
- Participates in special projects and performs other duties as assigned.
Qualifications:
- Undergraduate degree (in accounting or finance preferred). CPA or MBA preferred or equivalent combination of training and experience.
- Excellent written and verbal communication/presentation skills.
- Ability to work effectively and independently.
- Excellent computer skills including accounting software, Microsoft Excel, Word, PowerPoint.
- Ability to develop and maintain relationships with internal and external partners and clients.
- One to two years’ general experience in an accounting and financial reporting environment preferred.
- Working knowledge of financial and operational controls.
- Working knowledge of Generally Accepted Accounting Principles (GAAP).
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.
Skills Required
- Undergraduate degree (in accounting or finance preferred).
- CPA or MBA preferred or equivalent combination of training and experience.
- Excellent written and verbal communication and presentation skills.
- Ability to work effectively and independently.
- Excellent computer skills including accounting software, Microsoft Excel, Word, PowerPoint.
- Ability to develop and maintain relationships with internal and external partners and clients.
- One to two years' general experience in an accounting and financial reporting environment preferred.
- Working knowledge of financial and operational controls.
- Working knowledge of Generally Accepted Accounting Principles (GAAP).
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.
Vanguard Insights
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.
