U.S. Anti-Money Laundering Compliance Officer at Vanguard

Malvern, Pennsylvania, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset ManagementIndustries

Requirements

Minimum of 10 years of experience in financial crimes compliance, with at least 5 years in a leadership role
Experience in the investment industry is highly preferred
Bachelor's degree in finance, law, or a related field
Advanced degree or relevant certifications (e.g., CAMS, CFE) are a plus
Strong leadership and team management skills
Excellent communication and interpersonal abilities
Proficiency in data analytics and familiarity with compliance technology solutions
In-depth understanding of financial crimes regulations and best practices
Ability to navigate complex regulatory environments and provide strategic guidance

Responsibilities

Develop and implement the strategic vision for Vanguard's financial crimes compliance program in the U.S
Lead and mentor a team of compliance professionals, fostering a culture of excellence, continuous improvement, and accountability
Oversee the design, implementation, and maintenance of compliance standards, policies, and procedures
Supervise operational functions performed by the team
Ensure the program is robust and responsive to emerging risks and regulatory changes
Handle multiple assignments simultaneously from conception through execution and implementation of recommendations
Coordinate, prioritize, and actively manage tasks as needed to meet deadlines
Develop, maintain, and broaden effective working relationships across Vanguard and with regulatory agencies
Provide guidance and support to and foster lines of communication between business contacts, Legal and Compliance, Enterprise Risk Management, Internal Audit, and global partners
Serve as the primary liaison with regulatory bodies regarding Financial Crime compliance, ensuring timely and accurate reporting
Maintain strong relationships with regulators and stay abreast of industry developments
Conduct comprehensive risk assessments and develop strategies to mitigate potential financial crimes
Utilize data analytics to enhance detection scenarios and support investigations
Provide ongoing training and development for the financial crimes team and oversee development and implementation of enterprise-wide financial crimes training
Oversee the preparation and submission of internal and external reports
Utilize metrics and analytics to monitor program effectiveness and drive continuous improvement
Prepare regulatory reports and applicable management reporting as necessary, identify and track key measures and metrics, and design presentations to facilitate senior management discussions
Participate in the development of departmental budget, estimate costs for headcount, staffing issues, current volumes, forecasts for anticipated volumes and related operational expenses to implement annual objectives/performance improvements, and ensure the Compliance Department operates within established budgetary guidelines
Approve expenses within established limits
Participate in special projects and perform other duties as assigned

Skills

Key technologies and capabilities for this role

AML ComplianceFinancial Crimes PreventionRisk AssessmentRegulatory EngagementCompliance Program ManagementTeam LeadershipStakeholder ManagementBank Secrecy ActRegulatory Reporting

Questions & Answers

Common questions about this position

What is the salary for the U.S. Anti-Money Laundering Compliance Officer position?

This information is not specified in the job description.

Is this role remote or does it require working from a specific location?

This information is not specified in the job description.

What leadership experience is required for this AMLCO role?

The role requires leading and mentoring a team of compliance professionals, developing strategic vision, supervising operational functions, and handling multiple assignments from conception through execution.

What does the team structure look like for this position?

The role involves leading a dedicated team of compliance professionals as the Chief AML Officer.

What makes a strong candidate for the U.S. AMLCO role at Vanguard?

A dynamic and experienced leader with expertise in financial crimes compliance, regulatory engagement, risk assessment, stakeholder management, and program oversight, capable of fostering a culture of excellence and accountability.

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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