Head of Financial Crimes, Australia

Job Description

About Vanguard

More than 45 years ago, John C. Bogle had a vision to start an investment company that did things differently. A company with no external shareholders. Where all the profits were invested back into the business and used to lower costs. Evidently, it was as bold as it was brilliant. To this day, Vanguard Group still has no external shareholders. That means no share prices to protect, and no profits to generate for outside owners.

Today, Vanguard is one of the world’s largest investment management companies, serving more than 50 million investors worldwide. For more than 25 years Vanguard Australia has been supporting individual investors, financial advisers, and superannuation members to achieve their long-term financial goals.

Team & Opportunity

The role of Head of Financial Crimes serves as a subject matter expert and leads a team of financial crimes specialists responsible for identifying and investigating potential fraudulent or suspicious activities. Provides oversight and direction for complex investigations or issues. Contributes to the development and oversees the implementation of monitoring programs and procedures to ensure regulatory compliance and protect shareholder assets. Serves as a trusted advisor to the business and partners with leaders to deliver solutions to complex and elevated issues.

Core Responsibilities

• Hires, evaluates, and supervises crew. Provides guidance and training as necessary to develop crew. Sets performance standards, reviews performance, and makes informed compensation decisions in accordance with all applicable Human Resources policies and procedures.
• Provides leadership and oversight for team operations related to monitoring, client due diligence, and client identity management program activities.
• Sets, implements, and maintains policies and procedures for the general operation of the financial crimes compliance program and its related activities. Oversees and consults on the design, implementation, execution, and maintenance of new compliance standards.
• Oversees the collection of documentation and client information required for internal due diligence reviews. Leads and manages reviews to identify high-risk clients based on established scoring models. Makes recommendations to senior leaders in financial crimes to continuously improve the established due diligence framework.
• Oversees the review and analysis of internal due diligence reports and alerts. Resolves exceptions, including highly complex issues escalated by the team.
• Leads the preparation and submission of required internal and external reporting in accordance with departmental policies and regulatory guidelines.
• Implements corrective action plans for resolution of complex, problematic issues. Recommends practices to reduce potential for violations and noncompliance related to Vanguard's financial crimes compliance program.
• Maintains expert knowledge and awareness of the investment industry and compliance developments with implications for Vanguard's financial crimes program. Stays abreast of current market, regulatory and industry relevant news. Serves as an expert and consultant related to compliance issues. Utilizes expertise to provide guidance and leadership on complex compliance related issues. Acts as a liaison to regulatory agencies.
• Participates in special projects and performs other duties as assigned.

Qualifications

• Minimum of eight years related work experience. Financial crimes experience preferred. Supervisory experience preferred.
• Undergraduate degree or equivalent combination of training and experience. Graduate degree preferred.

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.

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.