Senior Director, Head of Risk Methodology & Technology 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, Asset ManagementIndustries

Requirements

Minimum of 10 years related work experience in a risk-related function within financial services
Undergraduate degree or equivalent combination of training and experience. Advanced degree or certification preferred
Strong background in control methodology and risk management frameworks (i.e., COSO) in financial services
Leadership experience with a multidisciplinary team preferred
Experience designing and implementing risk management frameworks across disparate business lines
Strong executive presence and ability to influence across all levels of management

Responsibilities

Coach, guide, develop and inspire a team of highly engaged crew, fostering a culture of collaboration, innovation, high performance, and continuous improvement. Provide guidance and training as necessary to develop crew. Set performance standards, reviews performance, and makes informed compensation decisions in accordance with all applicable Human Resources policies and procedures
Provide strategic leadership in defining and implementing a risk management framework to be executed by a team of Line 2 risk professionals. Direct Enterprise Risk Management (ERM) activities, that may include monitoring, reporting, and quality assurance. Oversee corporate policy governance and adherence to risk-specific policies. Partner with senior business leaders and stakeholders to educate as well as provide risk advice on enterprise initiatives
Oversee department preparation and coordination efforts leading up to board and senior staff enterprise risk discussions
Lead the development of risk policies and procedures. Partner closely with leaders across the enterprise as well as colleagues in other risk and control and lines of defense functions across Vanguard to ensure the consistent implementation of risk standards and practices
Set standards and metrics for operational efficiency. Develop and deliver required reporting on enterprise risk metrics to business leaders and Vanguard's Chief Risk Officer
Lead strategic risk support related to business initiatives and new product launches
Maintain an expert knowledge and awareness of the investment industry. Stay abreast of current market, regulatory and industry relevant news while building agility into risk management activities to drive responsiveness
Serve as an expert and key resource related to risk issues, utilizing deep expertise to lead a team and develop a response to complex risk-related issues
Own the Governance, Risk and Compliance (GRC) technology platform (Archer) and is responsible for strategic oversight and prioritization of technology needs and enhancements. Manage the cross-divisional relationship between Global Risk & Security (GR&S) and IT to ensure alignment on system capabilities, delivery timelines, and enterprise risk enablement
Participate in special projects and performs other duties as assigned

Skills

Risk Management

Enterprise Risk Management

GRC

Archer

Policy Governance

Compliance Oversight

Strategic Leadership

Team Development

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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