Senior Counsel, Cash Management Products at Vanguard

Malvern, Pennsylvania, United States

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Investment ManagementIndustries

Requirements

Bachelor’s degree and J.D. from an accredited law school
Minimum 4 years of related experience required
Knowledge of broker-dealer and banking regulations
Expertise and knowledge in financial markets and broker-dealer products and services, along with brokerage and banking regulations and Nacha operating rules
Experience and comfort in dealing with ambiguity and working in a fast-paced environment, while independently juggling multiple initiatives
Excellent interpersonal, oral and written communication skills with ability to communicate effectively
Applies a partnership-focused philosophy to accomplishing objectives

Responsibilities

Provide legal and regulatory advice related to all aspects of the Cash Management business, including strategy, sales, marketing, operations and risk management
Advise on FINRA, SEC and related banking regulations with a solutions-oriented mindset on product development, such as pricing, rate strategy, client segmentation, bill pay and debit and credit cards
Draft and maintain client account agreements, related vendor and servicing agreements and regulatory disclosures
Develop and maintain relationships with key stakeholders to ensure a thorough understanding of business needs and objectives
Support client-related issues, including complaints and fraud-related events; support regulatory exams, inquiries and actions
Collaborate with Compliance, Risk, Audit and other shared service functions, to evaluate and establish appropriate governance and oversight; ensure appropriate policies, procedures and supervisory framework
Monitors, analyzes, and responds to legislative and regulatory developments related to brokerage and cash management activities and investment products

Skills

FINRA

SEC

Broker-Dealer Regulations

Banking Regulations

Nacha Operating Rules

Legal Drafting

Regulatory Compliance

Risk Management

Contract Negotiation

Regulatory Advice

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