Senior Counsel, Global Securities Finance and Broker Trading at Vanguard

Malvern, Pennsylvania, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Investment Management, Securities Finance, Mutual FundsIndustries

Requirements

Minimum of 2-4 years law firm experience or in-house corporate experience in bank, broker/dealer, investment firm
Law degree (JD) required
Knowledge and experience in derivatives, securities lending, repurchase transactions, and/or custody (legal documentation and global regulatory framework), including ISDAs, CSAs, MSFTAs, Futures and Option Agreements, Prime Brokerage Agreements, MRAs, GMRAs, MSLAs, GMSLAs, Agent Lending Agreements, and/or ACAs
Track record for highly successful contract and dispute negotiations
Ability to develop positive relationships and work confidently and cooperatively with legal colleagues, business unit managers/employees, and external entities such as outside counsel, clients, vendors, and other business partners
High level of expertise in regulatory law, Vanguard’s business and products, and the investment industry
Stays abreast of industry and regulatory developments affecting Vanguard, and maintains affiliations with relevant industry, compliance, and risk associations
Demonstrates judgment, creativity and technical expertise, breadth of vision and initiative, commitment and accomplishment, communication skills

Responsibilities

Draft & negotiate various legal documents for securities lending, repurchase agreements, as well as broker/dealer trading and platform agreements and supporting documentation
Advise internal clients and business units on global legal issues impacting securities finance as well as educate and inform for enhanced governance and better compliance with policies, regulations, and laws
Support new services, new markets, product developments and strategic initiatives
Counsel and educate investment management financial risk teams and business units
Maintain a high level of expertise in applicable areas of the law, Vanguard's business, the mutual fund industry, and the securities finance industry

Skills

Key technologies and capabilities for this role

Securities LendingRepurchase AgreementsBroker-Dealer TradingISDACSAMSFTAMRAGMRAMSLAGMSLADerivativesLegal DraftingNegotiationGlobal Regulatory ComplianceCustody Agreements

Questions & Answers

Common questions about this position

What qualifications are required for the Senior Counsel position?

A law degree (JD) is required along with a minimum of 2-4 years of law firm experience or in-house corporate experience in a bank, broker/dealer, or investment firm. Candidates need knowledge in derivatives, securities lending, repurchase transactions, and/or custody, including specific agreements like ISDAs, CSAs, MSFTAs, and a track record in successful contract negotiations.

Is visa sponsorship available for this role?

Vanguard is not offering visa sponsorship for this position.

What is the salary or compensation for this position?

This information is not specified in the job description.

What does Vanguard's mission say about its culture?

Vanguard is on a mission to work for the long-term financial wellbeing of clients, lead through transformative products and services, and learn and develop skills as individuals and as a team.

What makes a strong candidate for this Senior Counsel role?

Strong candidates demonstrate judgment, creativity, technical expertise, communication skills, ability to develop positive relationships, and maintain high expertise in regulatory law, Vanguard’s business, and the investment industry while staying abreast of developments.

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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