Prudential Risk & Reporting Analyst - Europe at Vanguard

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset ManagementIndustries

Requirements

Possess knowledge and awareness of the investment industry, risk management practices, and regulatory and/or policy changes
Track record of timely delivery of reporting to a high standard (e.g. Board-ready)
Be inquisitive and questioning of the status quo to ensure we always strive to provide clients with the best outcome
Knowledge of UK and European risk and regulations beneficial

Responsibilities

Support the annual update of the ICARA Policy, Framework and report delivery, working closely with Finance and Risk Partners to ensure a holistic ICARA governance process is conducted and documented each year
Support the ICARA Operational Risk Model (LCP) including model risk policy and documentation. Ensure periodic evaluation is undertaken and any identified issues are addressed
Support the development of the ICARA document and training for the UK Board annually
Support the delivery of the Risk Appetite Statements and Framework for Europe, working closely with risk domain specialists such as IT and Finance to ensure appetite is set at an appropriate level, and regularly reviewed (at least annually)
Work with Risk Business Partners to identify any risks trending “out of appetite” and include in reporting to ERCC and Board Risk committees on a quarterly basis. Work with Risk Business Partners to ensure any “out of appetite” risks have an agreed owner, action plan and target “return to appetite” date
Support the delivery of risk management reporting to ERCC and Board Risk Committees for VAM and VIUK on a quarterly basis, ensuring reporting is timely, accurate, complete and concise
Work with Vanguard Europe Company’s Secretary to provide any additional ad-hoc materials or address any feedback received from Senior Leaders or UK Directors
Coordinate closely with Heads of Risk for Ireland and Germany to ensure consistency in governance reporting across Europe
Support the further development of strategic, emerging and climate risk capabilities for Europe
Support key risk management regulatory requirements including ICARA, Risk Appetite and risk reporting to the European Risk and Compliance Committee (ERCC) and legal entity Board Risk Committees
Work closely with European Risk Business Partners to ensure prudential assessments and governance reporting is timely, accurate and insightful
Support initiatives such as emerging and strategic risk, climate risk assessment and TCFD reporting and regulatory change programs

Skills

ICARA

Risk Appetite

Risk Reporting

Regulatory Compliance

Governance Reporting

Operational Risk Model

Climate Risk Assessment

TCFD Reporting

Risk Management

Board Reporting

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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