Senior Compliance Advisor at Vanguard

Malvern, Pennsylvania, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

NoVisa

Financial Services, Investment ManagementIndustries

Requirements

Minimum of five years related work experience, with at least two years within a financial services compliance function
Undergraduate degree or equivalent combination of training and experience
Knowledge of the Investment Advisers Act and Series 65 license (preferred)
Familiarity with direct-indexing or indexing products and platforms (preferred)
Composite practices (GIPS) and trading lifecycle (preferred)

Responsibilities

Serves as an experienced advisor to the business, and interfaces regularly with business unit stakeholders and internal risk and compliance partners
Manages regulatory visits, exams, inquiries and investigations within the business
Provides guidance to mitigate compliance risks and control gaps
Oversees the design, implementation, execution, and maintenance of compliance policies and procedures
Supports the development of new compliance standards
Identifies and implements corrective action plans for resolution of problematic issues
Manages operational efficiency and sets measurable standards leveraging internal and external resources
Serves as an expert on compliance related issues
Participates in special projects and performs other duties as assigned
Supports the development, implementation, and maintenance of compliance processes, as well as compliance monitoring functions related to business activities and investment products

Skills

Investment Advisers Act

Series 65

Direct Indexing

Indexing Products

GIPS Composites

Trading Lifecycle

Compliance Monitoring

Regulatory Exams

Risk Mitigation

Compliance Policies

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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