Vanguard is seeking a dynamic and experienced leader to join our team as the U.S. AMLCO. This executive role is crucial in safeguarding our organization and clients from financial crimes, including fraud, money laundering, and other illicit activities. The successful candidate will lead a dedicated team, oversee the financial crimes compliance program, and ensure adherence to regulatory requirements. Serves as Chief AML Officer and Bank Secrecy Compliance Officer for the Vanguard Funds and affiliated US entities.
Key Responsibilities:
- Leadership and Strategy: Develop and implement the strategic vision for Vanguard's financial crimes compliance program in the U.S. Lead and mentor a team of compliance professionals, fostering a culture of excellence, continuous improvevment and accountability.
- Program Management: Oversee the design, implementation, and maintenance of compliance standards, policies, and procedures. Supervise operational functions performed by the team. Ensure the program is robust and responsive to emerging risks and regulatory changes. Handle multiple assignments simultaneously from conception through execution and implementation of recommendations. Coordinate, prioritize and actively manage tasks as needed to meet deadlines.
- Stakeholder Management: Develop, maintain and broaden effective working relationships across Vanguard and with regulatory agencies. Provides guidance and support to and fosters lines of communication between, and with, business contacts, Legal and Compliance, Enterprise Risk Management, Internal Audit and global partners.
- Regulatory Engagement: Serve as the primary liaison with regulatory bodies regarding Financial Crime compliance, ensuring timely and accurate reporting. Maintain strong relationships with regulators and stay abreast of industry developments.
- Risk Assessment and Mitigation: Conduct comprehensive risk assessments and develop strategies to mitigate potential financial crimes. Utilize data analytics to enhance detection scenarios and support investigations.
- Training and Development: Provide ongoing training and development for the financial crimes team and oversee development and implementation of enterprise wide financial crimes training.
- Reporting and Analytics: Oversee the preparation and submission of internal and external reports. Utilize metrics and analytics to monitor program effectiveness and drive continuous improvement.
- Governance: Prepares regulatory reports and applicable management reporting as necessary, identifies and tracks key measures and metrics, and designs presentations to facilitate senior management discussions. Participates in the development of departmental budget. Estimates costs for headcount, staffing issues, current volumes, forecasts for anticipated volumes and related operational expenses to implement annual objectives/performance improvements and ensures the Compliance Department operates within establishes budgetary guidelines. Approves expenses within established limits.
- Participates in special projects and perform other duties as assigned.
Qualifications:
- Experience: Minimum of 10 years of experience in financial crimes compliance, with at least 5 years in a leadership role. Experience in the investment industry is highly preferred.
- Education: Bachelor's degree in finance, law, or a related field. Advanced degree or relevant certifications (e.g., CAMS, CFE) are a plus.
- Skills: Strong leadership and team management skills. Excellent communication and interpersonal abilities. Proficiency in data analytics and familiarity with compliance technology solutions.
- Knowledge: In-depth understanding of financial crimes regulations and best practices. Ability to navigate complex regulatory environments and provide strategic guidance.
Why Vanguard?
- Impact: Play a pivotal role in protecting our clients and organization from financial crimes.
- Growth: Opportunities for professional development and career advancement.
- Culture: Join a collaborative and mission-driven team dedicated to excellence.
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.
