Senior Divisional Risk Advisor, College Savings Programs 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 eight years related work experience
Undergraduate degree or equivalent combination of training and experience. Graduate degree preferred
Strong background in risk management and control design, with expertise in compliance and second-line risk domains
Proven ability to influence and advise at the executive level, driving alignment on risk strategies and decisions
Demonstrated investment acumen with experience in college savings products, including 529 plans, and a solid understanding of related regulatory and operational considerations

Responsibilities

Provide risk guidance, oversight, and assurance services to enterprise and divisional partners based on Vanguard’s operational and strategic risk framework
Ensure the development and implementation of effective divisional risk controls
Lead and manage the efficiency and effectiveness of risk management within the business. Set measurable goals and examine ways to raise standards, increase quality, and improve overall risk management efforts
Measure departmental success in identifying and managing risk exposure, identify and prioritize existing and emerging risks, and advise on appropriate control design and testing
Lead and assist the business in developing, implementing, and managing long-term risk management strategies in alignment with department goals, standard risk management policies and procedures, and the overall risk strategy
Work with the business to mitigate risks and optimize process efficiency. Use expert industry best practices to design effective controls and recommend new risk management strategies
Provide consultation, facilitation, and analytical support to divisional management as new products, services, processes, and procedures are developed to ensure risk is properly mitigated
Develop and maintain strong relationships with enterprise and divisional clients to understand their ongoing risk needs. Act as a thought partner to the business
Assess the design of existing controls and make recommendations, leveraging industry best practices for improvement as needed. Understand the risk management framework and apply core concepts when discussing risk exposures with the business
Participate in special projects and perform other duties as assigned

Skills

Operational Risk Management

Risk Oversight

Risk Assessment

Risk Mitigation

Risk Frameworks

529 Plans

Control Design

Risk Strategy

Process Optimization

Analytical Support

Stakeholder Management

Risk Culture

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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