Senior Compliance Advisor - Institutional Advice

Job Description

This position is designed to act as a dedicated compliance advisor aligned to Non-Profit, Pension, and Insurance Solutions (NPIS) teams. The core responsibilities include development, implementation, and maintenance of compliance processes, as well as compliance monitoring functions related to Vanguard's business activities and investment products. It is a great opportunity to develop regulatory risk management skills and to act as a trusted advisor to a complex, growing business by providing guidance and oversight of regulated activities.

To support Vanguard’s evolving investment offerings, we are looking for a Senior Compliance Advisor to cover Non-Profit, Pension, and Insurance Solutions (NPIS) in Vanguard’s Institutional Investor Group (IIG) division. In this role, you will support regulatory exams for VAI's (Vanguard Advisers, Inc.) institutional advice offering ­­through Vanguard Institutional Advisory Services (VIAS), as well as develop and maintain departmental compliance processes and procedures. Further, you will support departmental projects, and identify and build key relationships with business and corporate partners. Working within a dynamic compliance department, you will have an opportunity to interact with senior management and the Head of IIG Compliance.

In this role, you will:

• Manage key Compliance Department processes by maintaining effective relationships with crew and leaders across Non-Profit, Pension, and Insurance Solutions (NPIS) and IIG business partners.
• Enable and continually improve the compliance program by leveraging applicable regulations, risk management techniques, and business area knowledge to maintain and test relevant policies and procedures that comprise the compliance program.
• Support and manage SEC exams, internal compliance inspections and projects related to Vanguard’s institutional advice offerings. Handle multiple projects and exams simultaneously from conception through execution and implementation of recommendations. Coordinate, prioritize and actively lead tasks as needed to meet project and exam timelines.
• Develop and maintain a broad knowledge and awareness of the investment industry, regulatory and/or policy changes with potential impact on the business and the compliance program. Find, interpret and implement directives and/or regulations that impact not only advice programs, but also involve related FINRA and ERISA regulations. Serve as a technical expert on applicable compliance issues.
• Present key findings and recommendations to senior management and the Head of IIG Compliance. Prepare reports, identify and track key measures and metrics, and design presentations to facilitate senior management discussions.
• Partner with Office of the General Counsel colleagues to analyze and resolve potential compliance issues and changes in regulatory requirements. Protect and enhance Vanguard's reputation through continued efforts to strengthen and improve the firm's compliance activities.

Core Responsibilities:

• Oversees routine monitoring and inspections of Vanguard's business activities, Leads investigations of alleged violations of the corporation's ethical standards and noncompliance with applicable laws, regulations and corporate policy issues. Serves as an advisor to the business, and interfaces regularly with business unit stakeholders and internal risk and compliance partners
• Manages regulatory visits and inspections within the business. Prepares written inspection and assessment reports and provides recommendations for improvement. Provides guidance to mitigate compliance risks and control gaps.
• Oversees the design, implementation, execution, and maintenance of compliance policies and procedures. Supports the development of new compliance standards.
• Identifies and implements corrective action plans for resolution of problematic issues. Recommends practices to reduce potential for violations and noncompliance related to Vanguard's business activities and investment products.
• Manages operational efficiency. Sets measurable goals leveraging internal and external resources accordingly. Reports on the results of compliance and initiatives of the business.
• Follows approved investigation procedures and reporting on corrective actions.
• Maintains a deep knowledge and awareness of the investment industry. Stays abreast of current market, regulatory and industry relevant news. Serves as an expert on compliance related issues. Interacts as a liaison to regulatory agencies.

What it takes:

• Minimum of five years related work experience, with at least two years within a financial services compliance function.
• Undergraduate degree or equivalent combination of training and experience.
• FINRA Series 7, 24, or ability to acquire within department guidelines

*If you are offered and accept this position, and you do not have the necessary FINRA licenses for the role, then you must obtain the required licenses within the specified period of time. Additionally, if you are not currently registered with FINRA in any capacity, prior to moving into this licensed role, you will be asked to provide authorization for Vanguard to conduct a credit and criminal check in accordance with the FINRA regulations.

Special Factors:

• Vanguard is not offering visa sponsorship for this position.
• You should be aware this will designate you as a Fund Access Person and carries with it certain responsibilities and restrictions.

About Vanguard

We are Vanguard. Together, we’re changing the way the world invests.

For us, investing doesn’t just end in value. It starts with values. Because when you invest with courage, when you invest with clarity, and when you invest with care, you can get so much more in return. We invest with purpose – and that’s how we’ve become a global market leader. Here, we grow by doing the right thing for the people we serve. And so can you.

We want to make success accessible to everyone. This is our opportunity. Let’s make it count.

Inclusion Statement

Vanguard’s continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: “Do the right thing.”

We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard’s core purpose through our values.

When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard's core purpose.

Our core purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.

Future of Work

During the pandemic, we transitioned to a work from home model for the majority of our crew and we continue to interview, hire, and on-board future crew remotely.

As we have developed the path forward, we have taken a thoughtful approach that both maximizes the advantages of working remotely and the many benefits of coming together and collaborating in a shared workspace. We believe that in-person interactions among our crew are important for preserving our unique culture and advantageous for the personal development of our crew.

When our Crew return to the office, many will work in our hybrid model. A smaller proportion of our crew will operate in the Work from Home work model (for example, field sales crew); or in the Work from Office model (for example, portfolio managers).

The working model that your role falls into will be communicated to you in the interview process – please do ask if you are unsure. We encourage you to make the decision regarding your job interview and offer knowing which model your role will fall into. We will test and learn as our ways of working evolve and will continue to evaluate working models along the way.