Controls & Governance Advisor, Advice & Wealth Management at Vanguard

Charlotte, North Carolina, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Wealth Management, Financial ServicesIndustries

Requirements

Minimum of five years' related work experience, with two years’ experience in risk management
Proven experience in risk management, controls, internal auditing, or regulatory compliance
Strong understanding of regulatory requirements and industry standards
Experience with advice and wealth management business preferred
Excellent analytical and problem-solving skills
Effective communication and interpersonal skills
Ability to work independently and as part of a team
Undergraduate degree or equivalent combination of training and experience. Graduate degree preferred

Responsibilities

Identify and analyze risks, determine risk tolerance and develop corresponding risk management strategies for new and existing products and processes. Communicate observations and work with business management on risk management strategies
Support the development of efficient and effective control environment. Analyze control design and operating effectiveness. Conduct root cause analysis and remediation when controls fail, or gaps are identified
Assist in developing and implementing internal control policies and procedures. Ensure policies are effectively maintained, governed and monitored
Provide advice on improving approach to managing and controlling risk. Respond to risk events to identify root causes, themes and additional areas where similar events could occur. Propose solutions and ensure causes are remediated within risk tolerance
Develop and maintain knowledge and awareness of the wealth and investment industry, risk and control practices, and regulatory and/or policy changes. Serve as a subject matter expert and trainer on risk and internal control matters
Participate in special projects and perform other duties as assigned

Skills

Risk Management

Control Design

Root Cause Analysis

Internal Controls

Policy Management

Regulatory Compliance

Compliance

Internal Audit

Operational Resilience

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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