Cash Product Risk Senior Manager at Vanguard

Scottsdale, Arizona, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Minimum of eight years related work experience. Supervisory experience preferred
Undergraduate degree or equivalent combination of training and experience. Graduate degree preferred
Deep expertise in broker-dealer cash management accounts, payment systems, card operations, and related regulations (e.g., Reg E, Reg CC, Reg DD, NACHA), with the ability to apply regulatory knowledge to product design, risk assessment, and operational controls
Strong understanding of broker-dealer cash management accounts and related regulations (e.g., Reg E, Reg CC, Reg DD, NACHA), payment rails, card operations, and related functions
Strong background in risk management, with demonstrated experience identifying, assessing, and mitigating operational and regulatory risks within financial services, particularly in broker-dealer and cash product environments

Responsibilities

Lead risk oversight for the Cash Plus product, ensuring regulatory compliance and operational integrity across broker-dealer cash management functions
Translate complex financial regulations (e.g., Reg E, Reg CC, Reg DD, NACHA) into effective product design, risk frameworks, and operational control strategies
Manage staff; develop, mentor, and provide guidance, training, and motivation. Conduct regular one-on-one and team meetings. Hire, evaluate, and counsel team members. Follow corporate disciplinary procedures. Set performance standards, review performance, provide feedback, and recommend wage increases per HR policies
Provide risk guidance, oversight, and assurance services to the enterprise and partners based on the operational and strategic risk framework. Seek ideas from divisions to improve oversight and maintain stakeholder relationships
Implement and manage risk and control management standards within divisional processes. Identify and prioritize risks and advise on control design and testing. Communicate strategies effectively
Ensure appropriate levels of review and key controls, verifying they are designed and operating effectively
Provide consultation and analytical support to stakeholders, ensuring internal controls are implemented without compromising client service
Partner with divisional leadership to integrate business risk and control decisions into technology, service, or operating model changes. Proactively raise and execute plans to address key issues
Develop, maintain, and evolve a program for monitoring and analyzing controls. Establish metrics, dashboards, and reports to identify opportunities and monitor effectiveness. Report on control performance to leadership
Maintain broad knowledge of the investment industry, risk management practices, and regulatory changes. Serve as a subject matter expert in risk management discussions
Participate in special projects and perform other duties as assigned

Skills

Reg E

Reg CC

Reg DD

NACHA

broker-dealer cash management

payment rails

card operations

risk management

regulatory compliance

operational controls

team leadership

staff management

performance management

stakeholder management

control design

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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