Senior Compliance Advisor- Retail Investment Advice at Vanguard

Malvern, Pennsylvania, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

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
Series 65 preferred

Responsibilities

Serve as the subject matter expert on Regulation Best Interest, advising business units on how to meet and exceed regulatory expectations
Develop and refine compliance processes for investment products, trading activities, and client interactions
Provide proactive guidance to senior leaders, product teams, working groups, and marketing teams on regulated activities and emerging regulatory trends
Conduct targeted testing, oversee internal audits, and collaborate with Risk, Legal, and Audit teams to identify and resolve compliance gaps
Support regulatory exams and inquiries, prepare documentation, and represent the firm in discussions with regulators
Lead training initiatives to embed a culture of compliance across the organization
Serve as an experienced advisor to the business, interfacing regularly with business unit stakeholders and internal risk and compliance partners
Manage regulatory visits, exams, inquiries, and investigations within the business, providing guidance to mitigate compliance risks and control gaps
Oversee the design, implementation, execution, and maintenance of compliance policies and procedures, supporting the development of new compliance standards
Identify control gaps and implement corrective action plans for resolution of problematic issues
Manage operational efficiency, setting measurable standards leveraging internal and external resources
Serve as an expert on compliance-related issues
Participate in special projects and perform other duties as assigned

Skills

Reg BI

Regulatory Compliance

Compliance Program Design

Risk Mitigation

Regulatory Exams

Internal Audits

Compliance Testing

Policy Development

Training Initiatives

Stakeholder Advisory

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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