Associate Counsel - Third Party Distribution at Vanguard

Malvern, Pennsylvania, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Investment ManagementIndustries

Requirements

Minimum 5-7 years related legal work experience
Undergraduate degree or equivalent combination of training and experience
Law degree (JD) required
Deep technical expertise in securities law required, with an emphasis on providing interpretive advice under the Securities Act of 1933 and 1934, FINRA broker-dealer regulation, ERISA, and the Investment Company Act of 1940
Commercial mindset and strong negotiation skills required

Responsibilities

Provides business leaders with legal advice on issues impacting Vanguard's distribution business activities, transactions, and regulatory matters
Ensures that business activities, policies, practices, and transactions comply with all relevant laws and regulations
Drafts and negotiates legal documents such as regulatory filings, contracts, agreements, and correspondence of legal significance
Monitors, analyzes, and responds to legislative and regulatory developments related to Vanguard's business activities and investment products to ensure they are adequately addressed
Directs the work being performed by outside counsel
Reviews and evaluates outside counsel invoices
Maintains a high level of expertise in regulatory law, Vanguard’s business and products, and the investment industry
Stays abreast of industry and regulatory developments affecting Vanguard, and maintains affiliations with relevant industry, compliance, and risk associations
Develop and maintain relationships with key stakeholders to ensure a thorough understanding of business needs and objectives
Coaches junior staff and helps resolve problems
Participates in special projects and performs other duties as assigned

Skills

Securities Law

ERISA

Regulatory Compliance

Contract Drafting

Contract Negotiation

Regulatory Filings

Legal Advisory

Outside Counsel Management

Vanguard

Client-owned investment management firm offering low-cost funds

About Vanguard

Vanguard provides financial services with a focus on investment management. The company offers a variety of products, including mutual funds, exchange-traded funds (ETFs), individual retirement accounts (IRAs), and 401k rollovers, aimed at individual investors, financial advisors, and institutions. Vanguard's unique ownership structure means it is owned by its funds, which are in turn owned by the clients, allowing it to prioritize the needs of its investors over external shareholders. This model enables Vanguard to offer low-cost investment options, as it primarily earns revenue through management fees that are generally lower than industry standards. Additionally, Vanguard provides personalized investment advisory services, charging fees based on the assets managed. The company's goal is to help clients grow their wealth and achieve their financial objectives through effective investment strategies, while maintaining a competitive performance track record.

Kline Township, PennsylvaniaHeadquarters

1975Year Founded

SECONDARYCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Best-in-class medical, dental & vision coverage

Onsite health clinic & fitness center

Health Smart Rewards program

Vanguard Retirement Savings Plan

Education Benefits

PTO

Family Planning Benefist

Parental leave

Personal development opportunities

Volunteer Time Off

Risks

Competition from AI-driven platforms like Writer challenges Vanguard's traditional advisory services.

Vanguard's stake in Steelcase exposes it to the volatile furniture market.

New active bond ETFs may struggle in a low-yield environment with increasing competition.

Differentiation

Vanguard is client-owned, aligning its interests with investors, unlike traditional firms.

The firm offers low-cost investment products, making it attractive to cost-conscious investors.

Vanguard's ownership structure allows it to focus on long-term investor value.

Upsides

Vanguard's new active bond ETFs offer diversified, low-cost fixed income options.

The acquisition of Steelcase shares diversifies Vanguard's portfolio into the furniture industry.

Launching the International Dividend Growth Fund appeals to investors seeking sustainable dividend growth.

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