Senior Compliance Director, Head of Brokerage Oversight Compliance 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 Management, BrokerageIndustries

Requirements

Highly skilled broker-dealer compliance professional
Experience in scaling and future-proofing firm compliance programs to protect Vanguard’s reputation
Minimum of 10 years of leadership experience supporting retail brokerage and wealth management businesses
Broad knowledge and experience with broker-dealer regulations
Familiarity with investment adviser, investment company, and state regulations

Responsibilities

Serve as a trusted advisor to Vanguard’s retail brokerage, financial advisor, advice, and wealth management businesses
Work collaboratively with the businesses, including centralized supervision, to further develop policies, procedures, and controls designed to ensure compliance with applicable laws and regulations
Act as a strategic leader to a team of compliance professionals to provide compliance thought leadership, partnership, and guidance within the implementation and support of business initiatives, supervision, new product launches, and corresponding regulatory framework design and implementation
Maintain and cultivate a team-oriented culture for efficiently and effectively managing regulatory risks, by fostering strong relationships between, and with, business leaders, the Legal Department, Compliance Department colleagues, global partners including Risk, and other control/oversight groups like Supervision
Adopt and implement best practices to ensure optimal effectiveness of management and mitigation of regulatory and compliance risks, including driving collaboration and efficiencies between relevant compliance teams and partners throughout the enterprise
Lead, manage, and participate in compliance oversight efforts and projects within Vanguard’s ecosystem to protect Vanguard’s reputation and clients
Utilize risk management techniques and business area knowledge to develop, maintain, and periodically test relevant policies and procedures
Represent the Compliance Department in various committees and lead discussions related to effective supervision and conflicts of interest

Skills

Broker-Dealer Compliance

Firm Supervision

Risk Management Controls

Retail Brokerage

Wealth Management

Broker-Dealer Regulations

Investment Adviser Regulations

Investment Company Regulations

State Regulations

Compliance Program Management

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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