Bank Account Management Analyst at Vanguard

Malvern, Pennsylvania, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Minimum of three years related work experience
Undergraduate degree or equivalent combination of training and experience (Finance degree preferred)
Detail oriented and proven self-starter with ability to work independently and within teams
Global Banking experience and/or treasury experience preferred but not required
Ability to work effectively in a fast-paced, team environment
Demonstrated ability to lead, train, and empower other crew members

Responsibilities

Establish partnerships with internal and external clients, board delegated authorities, relationship managers, business partners, transfer agents, and custody banks to anticipate and meet the needs of the client
Own and execute the global workflow that enables the enterprise bank account opening, closing, and maintenance processes
Coordinate the global workflow to pass issues and requests across regional offices
Ensure bank account management service levels are met; partner within the business unit, with relationship managers, and with external banks to proactively maintain and enforce service levels; escalate service level issues to management when necessary
Execute and/or assist with processes that support the bank strategy controls environment; provide analysis and reports to management
Recommend changes that enhance workflows and procedures; integrate new or existing technologies into workflows and communicate updates to all team members; analyze impact, prepare the environment for change, and update or create procedures
Provide consultation, facilitation, and analytical support to ensure internal controls are properly aligned and implemented; consult with the business on account opening best practices
Lead special projects related to bank account governance and perform other duties as assigned

Skills

Bank Account Management

Workflow Coordination

Data Analysis

Reporting

Dashboards

Process Improvement

Internal Controls

Project Management

Stakeholder Partnership

Service Level 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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