VMC Treasury Liaison at Vanguard

Malvern, Pennsylvania, United States

Apply Now

Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Brokerage, Investment ManagementIndustries

Requirements

Undergraduate degree (in accounting or finance preferred). CPA or MBA preferred and/or equivalent combination of training and experience
Excellent written and verbal communication/presentation skills
Ability to work effectively and independently
Excellent computer skills including accounting software, Microsoft Excel, Word, PowerPoint
Ability to develop and maintain relationships with internal and external partners and clients
One to two years general experience in an accounting and financial reporting environment preferred
Working knowledge of 15c3-3 - Customer Protection Rule and customer reserve computations
Working knowledge of BetaNeXT and the broker dealer stock record
Working knowledge of financial and operational controls
Working knowledge of Generally Accepted Accounting Principles (GAAP)

Responsibilities

Prepares and performs required daily Customer Reserve calculation in accordance with SEC rule 15c3-3
Prepares and performs required daily deposits into and withdrawals from the Customer Reserve bank account in order to properly protect customer assets
Identifies reconciling items and compiles and organizes all required supporting documentation
Supports external audit team (PwC) during the annual audit (Financial Statement and Compliance report) specific to daily customer reserve computations and cash management functions
Participates in special projects and performs other duties as assigned
Performs cash management and payment functions
Ensures accuracy of all data inputs, transactions processed, and journal entries posted
Partners with settlement banks to resolve balance and funds movement inquiries
Calculates aggregate-level daily cash variances and reconciles daily aggregate cash account activity by established deadlines
Researches and resolves aggregate-level cash account reconciliation discrepancies and variances

Skills

Accounting

Finance

Treasury

Cash Reconciliation

SEC 15c3-3

Customer Reserve Calculation

Audit Support

Journal Entries

Cash Management

Reconciliation

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.

Land your dream remote job 3x faster with AI

Try Jobo Free