Treasury Specialist at Vanguard

Malvern, Pennsylvania, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

NoVisa

Financial Services, Investment ManagementIndustries

Requirements

Minimum of three years related work experience
Experience in accounting or financial reporting is preferred
Undergraduate degree or equivalent combination of training and experience (Finance or Accounting degree is preferred)
Certified Treasury Professional (CTP), Certified Public Accountant (CPA) or equivalent certification is preferred
Detailed knowledge of brokerage accounting, Generally Accepted Accounting Principles and relevant regulations
Experience with accounting software packages, cash management software packages, or other Treasury Management Systems is preferred

Responsibilities

Manages the liquidity of the broker-dealer entity through a robust daily forecasting process
Leverages data to make time-sensitive liquidity borrowing decisions
Accurately processes wires by required deadlines to various internal and external parties
Prepares and performs required daily customer reserve calculation in accordance with related regulatory requirements
Researches and resolves operational impacts to the customer reserve in partnership with business partners
Prepares and performs required daily deposits into and withdrawals from the customer reserve bank account to properly protect customer assets
Partners with internal business lines and settlement banks to resolve balance and fund movement inquiries
Supports daily net capital computations and management reporting of broker-dealer liquidity drivers
Supports internal and external audit processes with a specific focus on the daily customer reserve computations and cash management functions
Maintains policies and procedures
Identifies opportunities for improvement and makes recommendations for process improvements and efficiencies
Participate in special projects and performs other duties as assigned

Skills

liquidity forecasting

wire processing

customer reserve calculations

brokerage accounting

GAAP

regulatory compliance

net capital computations

cash management software

Treasury Management Systems

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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