Risk Director, Financial Advisor Services (FAS) at Vanguard

Malvern, Pennsylvania, United States

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Financial Services, Investment ManagementIndustries

Requirements

Minimum of eight years related work experience, with 5 years of experience leading risk domain (e.g., strategic, financial, operational, etc.)
Undergraduate degree or equivalent combination of training and experience. Graduate degree preferred
Knowledge of risk management theories and experience in applying risk management concepts
Knowledge of asset management products and distribution practices
Experience working with cross-functional project teams, including IT or product development teams
Ability to communicate, influence, navigate, persuade, and build buy-in across senior leaders and internal stakeholders
High business- and risk-acumen
Outcome-oriented, motivated by challenging work, can operate in an environment of ambiguity, and overcome obstacles to deliver results
Strategic mindset, who can think creatively and use sound and mature business judgement
Cross functional collaborative director, comfortable influencing at all levels
Experience deriving data-driven insights
Motivated by Vanguard’s mission and purpose
Willingness to be hands on player coach, do the work themselves
Servant-leadership mindset and a proven track record of developing talent

Responsibilities

Engage with senior business leaders to understand their goals and identify risks to their business areas. Provide advice and guidance to business leaders to influence risk-smart decision-making
Provide guidance and oversight to a team of risk practitioners as they analyze risks to the business and apply risk methodology to those risks. Be accountable for the timely completion of risk projects and ensuring the work of the risk practitioners is creating the desired outcomes
Implement frameworks and methodologies to identify risks, analyze risks, assist the business in establishing risk appetite, and identifying appropriate controls and mitigations to manage the risk within appetite
Partner with other GR&S risk teams and Legal and Compliance teams to develop a comprehensive view of risk to the business
Maintain an in-depth understanding of Vanguard and the FAS business. Independently stay informed of industry trends and developments to maintain strong business- and risk-acumen. Share learnings and perspective with the risk team and business partners
Conduct risk meetings attended by senior business leaders and their teams
Coordinate the deployment of enterprise-wide risk projects within the FAS division
Create an inclusive and high-performing team atmosphere. Conduct regular one-on-one meetings and provide coaching, training and motivation as necessary to develop team members. Evaluate direct reports following corporate performance management procedures, including setting goals, reviewing performance, and providing feedback

Skills

Key technologies and capabilities for this role

Risk ManagementStrategic RiskFinancial RiskOperational RiskReputational RiskThird-Party RiskRisk AssessmentRisk FrameworkRisk AppetiteTeam LeadershipBusiness Advisory

Questions & Answers

Common questions about this position

What team does this role lead?

The Risk Director will lead a small team of risk practitioners aligned to select FAS business teams, including sales, strategy, and operations functions.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What are the top skills needed for this Risk Director role?

The ideal candidate is a leader with high business- and risk-acumen, outcome-oriented and motivated by challenging work, able to operate in ambiguity and overcome obstacles, and has a strategic mindset to think creatively.

What is the company culture like for this team?

The role involves creating an inclusive and high-performing team atmosphere, with regular one-on-one meetings, coaching, training, motivation, and performance evaluations to develop team members.

What makes a strong candidate for this position?

A strong candidate excels as a leader with high business- and risk-acumen, is outcome-oriented, thrives in ambiguity, overcomes obstacles, and brings a strategic, creative mindset.

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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