Compliance Director, Retail Advice
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 successIn support of our innovative, multi-faceted 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 supportTo support its growing and evolving service offerings, Vanguard seeks a highly skilled senior compliance professional to lead a compliance team supporting our advice service businesses and trust services businessThe ideal candidate will have Investment Advisers Act, including experience with ERISA, and a minimum of 8 years of supporting retail and retail investment advice / wealth management businessesBroad knowledge of broker-dealer, banking, and trust company regulations will complement the required skills.
The Compliance Director, Retail Advice will:
Serve as a trusted advisor to Vanguard's advice businessesWork collaboratively with the businesses to develop policies, procedures and controls designed to ensure compliance with applicable laws and regulations.
Lead, manage, and participate in compliance oversight efforts and projects within Vanguard's advice and wealth planning businesses and across the company to protect Vanguard's reputationUtilize risk management techniques and business area knowledge to develop, maintain and test relevant policies and proceduresCoordinate, prioritize and actively manage tasks as needed to meet deadlines.
Present key findings and recommendations to business and Compliance managementElevate issues, identify prioritiesTrack follow-up items to ensure they are appropriately resolvedDemonstrate initiative and creativity in independently recommending and implementing solutions to business contacts and senior leaders.
Foster lines of communication between, and with, business leaders, the Legal Department, Compliance Department colleagues, global partners, and other control groupsCoordinate activities and efforts as required with other Compliance teams and global partners.
Develop, maintain, and demonstrate a thorough understanding of all regulations that are applicable to Vanguard's advice and wealth management businesses; monitor developments, proposed rule changes and amendments in applicable rules and regulations, assess the potential impact to Vanguard's operations, and coordinate implementation of rules that are adopted or finalized.
Manage, coordinate, and ensure readiness for regulatory examinationsAs appropriate, act as a liaison with regulators and impacted business areas by preparing for meetings and coordinating the gathering and production of requested documents in connection with examinations or other regulatory inquiries.
Manage a team of compliance professionalsProvide guidance and training to help develop team membersSet performance standards, review performance, and provide feedback to team members.
Seeks to continually assess and enhance compliance policies, procedures, and controls specific to the business unitDirects team activities and partners closely with business unit leaders during the implementation of compliance standards and practices with respect to business initiatives and new product launches.
Reviews metrics for operational efficiency to determine gaps and strategy for continuous improvementDevelops and delivers required reporting on compliance exams / audits to senior business leadership.
Manage cross-department initiatives and serve as an expert and key resource related to compliance issues.
Participates in special projects and performs other duties as assigned.
Qualifications:
Minimum of eight years related work experienceSupervisory experience preferred.
Undergraduate degree or equivalent combination of training and experience.
This job does not require regulatory licenses and/or registration (e.
g.
, FINRA, state) but licenses are helpful.
Special FactorsSponsorshipVanguard is not offering visa sponsorship for this position.
About VanguardAt Vanguard, we don't just have a mission-we're on a mission.
To work for the long-term financial wellbeing of our clientsTo lead through product and services that transform our clients' livesTo learn and develop our skills as individuals and as a teamFrom Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
Our commitment to diversity, equity, and inclusionVanguard's commitment to diversity, equity, and inclusion (DEI) is central to our ability to deliver on our missionWe aspire to create a work environment that is inclusive, equitable, and diverse-one that enables our employees, whom we call crew, to thrive and bring their best selves to work every day on behalf of our clients.
Cultivating DEI lifts our entire organization, and everyone shares accountability for our progress-from our senior leaders who lay the foundation and set the example for inclusive behaviors to crew who are growing in their personal DEI learning experiences.
Together, we're on a missionWe are fueled by the value of diverse voices and connected through friendships and a culture of care-for our clients, our communities, and each other.
Vanguard's DEI journey has no finish lineOur commitment is enduring, and we remain focused on the path aheadTo learn more about Vanguard goals and progress toward DEI, download our Diversity, Equity, and Inclusion Report.
How We WorkVanguard 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 connectionWe believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.
Recommended Skills Auditing Business Efficiency Business Process Improvement Creativity Finance Leadership Apply to this job.
Think you're the perfect candidate? Apply on company site Estimated Salary: $20 to $28 per hour based on qualifications.
The Compliance Director, Retail Advice will:
Serve as a trusted advisor to Vanguard's advice businessesWork collaboratively with the businesses to develop policies, procedures and controls designed to ensure compliance with applicable laws and regulations.
Lead, manage, and participate in compliance oversight efforts and projects within Vanguard's advice and wealth planning businesses and across the company to protect Vanguard's reputationUtilize risk management techniques and business area knowledge to develop, maintain and test relevant policies and proceduresCoordinate, prioritize and actively manage tasks as needed to meet deadlines.
Present key findings and recommendations to business and Compliance managementElevate issues, identify prioritiesTrack follow-up items to ensure they are appropriately resolvedDemonstrate initiative and creativity in independently recommending and implementing solutions to business contacts and senior leaders.
Foster lines of communication between, and with, business leaders, the Legal Department, Compliance Department colleagues, global partners, and other control groupsCoordinate activities and efforts as required with other Compliance teams and global partners.
Develop, maintain, and demonstrate a thorough understanding of all regulations that are applicable to Vanguard's advice and wealth management businesses; monitor developments, proposed rule changes and amendments in applicable rules and regulations, assess the potential impact to Vanguard's operations, and coordinate implementation of rules that are adopted or finalized.
Manage, coordinate, and ensure readiness for regulatory examinationsAs appropriate, act as a liaison with regulators and impacted business areas by preparing for meetings and coordinating the gathering and production of requested documents in connection with examinations or other regulatory inquiries.
Manage a team of compliance professionalsProvide guidance and training to help develop team membersSet performance standards, review performance, and provide feedback to team members.
Seeks to continually assess and enhance compliance policies, procedures, and controls specific to the business unitDirects team activities and partners closely with business unit leaders during the implementation of compliance standards and practices with respect to business initiatives and new product launches.
Reviews metrics for operational efficiency to determine gaps and strategy for continuous improvementDevelops and delivers required reporting on compliance exams / audits to senior business leadership.
Manage cross-department initiatives and serve as an expert and key resource related to compliance issues.
Participates in special projects and performs other duties as assigned.
Qualifications:
Minimum of eight years related work experienceSupervisory experience preferred.
Undergraduate degree or equivalent combination of training and experience.
This job does not require regulatory licenses and/or registration (e.
g.
, FINRA, state) but licenses are helpful.
Special FactorsSponsorshipVanguard is not offering visa sponsorship for this position.
About VanguardAt Vanguard, we don't just have a mission-we're on a mission.
To work for the long-term financial wellbeing of our clientsTo lead through product and services that transform our clients' livesTo learn and develop our skills as individuals and as a teamFrom Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
Our commitment to diversity, equity, and inclusionVanguard's commitment to diversity, equity, and inclusion (DEI) is central to our ability to deliver on our missionWe aspire to create a work environment that is inclusive, equitable, and diverse-one that enables our employees, whom we call crew, to thrive and bring their best selves to work every day on behalf of our clients.
Cultivating DEI lifts our entire organization, and everyone shares accountability for our progress-from our senior leaders who lay the foundation and set the example for inclusive behaviors to crew who are growing in their personal DEI learning experiences.
Together, we're on a missionWe are fueled by the value of diverse voices and connected through friendships and a culture of care-for our clients, our communities, and each other.
Vanguard's DEI journey has no finish lineOur commitment is enduring, and we remain focused on the path aheadTo learn more about Vanguard goals and progress toward DEI, download our Diversity, Equity, and Inclusion Report.
How We WorkVanguard 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 connectionWe believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.
Recommended Skills Auditing Business Efficiency Business Process Improvement Creativity Finance Leadership Apply to this job.
Think you're the perfect candidate? Apply on company site Estimated Salary: $20 to $28 per hour based on qualifications.
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