Associate Counsel/Manager, Trust, Retail Investor Group
Malvern, PA, US
September 28, 2017
Vanguard is a leading provider of financial products and services to individual and institutional investors world-wide. In addition, Vanguard is an employer of choice that continually invests in the growth, development and success of its employees over the course of their Vanguard careers.
Vanguard’s Legal and Compliance Division address a wide range of complex and compelling legal and compliance issues. To support its growing Retail business lines, Vanguard seeks an Associate Counsel/Manager to provide legal support to its trust company, trustee and investment advisory services offerings, and specialty retail client divisions. The ideal candidate would possess strong knowledge of state fiduciary law, including trusts and estates. Experience with the OCC and federal banking laws applicable to limited purpose trust companies is preferred. Experience with the Investment Advisers Act or laws governing Individual Retirement Accounts would be a plus. The ideal candidate would possess a minimum of 6-8 years of relevant experience at another financial services company, government agency, or law firm. A law degree (J.D.) is required.
The Associate Counsel/Manager would join a team of attorneys and legal analysts that provide support to all of Vanguard’s Retail business lines.
Duties and Responsibilities
- Provide advice, counseling and education to internal clients to comply with, navigate and raise awareness of applicable legal issues, policies, regulations and laws, including state fiduciary laws, federal banking and securities laws.
- Support and develop key relationships with Vanguard’s Retail Investor Group, which provides investment services and products to retail clients. Specific retail business areas and matters supported by this role include investment advisory and trustee services provided by Vanguard National Trust Company (‘VNTC’), ultra-high net worth clients, family offices, and fiduciary matters involving trusts and estates, powers of attorney, guardian and conservatorships, senior investor protection, transfer of decedents’ assets to heirs and retail retirement plans (e.g., Individual Retirement Accounts, ‘IRAs’).
- Work with Compliance colleagues to support Office of the Comptroller of the Currency (‘OCC’) examinations of VNTC and audits of the business operating out of VNTC by Internal Audit.
- Oversee the corporate governance function for VNTC and facilitate the regulatory agenda and other materials for the VNTC Board of Directors. Includes participation on VNTC’s Trust Administrative and Trust Investment Committees and editing Committee minutes.
- Draft and negotiate legal documents and other items of legal significance, as necessary, such as nonjudicial settlement agreements (i.e., appointment agreements and receipt and releases) for corporate trustee appointments and terminations, service agreements (e.g., for investment advisory and other services provided by VNTC), regulatory filings, memoranda, position statements, correspondence and other documents and instruments.
- Manage and develop legal analyst by providing guidance, training and motivation. Evaluate and counsel staff by coaching, providing feedback and setting and applying performance standards.
- The ideal candidate will be a business-focused, intellectually curious legal counselor who thrives when dealing with ambiguity; has a track record of commitment and significant accomplishment; and demonstrates excellent judgment, creativity, technical expertise, breadth of vision, initiative and superior communication skills.
- The candidate must share the values of Vanguard as an institution, including unmatched ethical standards, teamwork, client service, work ethic and attitude.
- The candidate must be skilled at successfully collaborating with, enabling and working through others. The candidate should possess sufficient business, financial and legal sophistication to relate to, work with and influence team members, in-house corporate partners and business clients at all levels, as well as senior management, regulators and outside counsel.
- A strong knowledge of state fiduciary law, including trusts and estates, is essential. Experience with the OCC and federal banking laws applicable to limited purpose trust companies is preferred. Familiarity with fiduciary income and other tax laws helpful. The candidate should have a minimum of 7 years of relevant law firm, industry or government agency experience.
Vanguard does not offer visa sponsorship for this position.