Senior Compliance Specialist

LocationMalvern, PA, US

Scottsdale, AZ, US

November 27, 2019

Scottsdale, AZ, US
November 27, 2019
Malvern, PA, US

Scottsdale, AZ, US

Job Requisition #127965

Bring your broker dealer expertise

Vanguard’s core purpose is to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.  In support of our innovative, multi-faceted and highly regulated business lines, Vanguard’s Compliance Department encounters a wide range of complex and compelling issues while providing exceptional, high-value business partnership and compliance support. 

To support its growing and evolving retail investor business, Vanguard seeks a highly skilled compliance professional to serve as the Senior Compliance Specialist for Vanguard Marketing Corporation (“VMC”), Vanguard’s broker-dealer.  The VMC Compliance team manages a dynamic compliance environment and maintains a comprehensive broker-dealer compliance program framework for Vanguard.  This role will serve as the primary liaison on all regulatory examinations and inquiries, including: document identification and production, material retention and all written and verbal communication.  A specialist will also develop and maintain departmental compliance processes, support departmental projects, build relationships with business and corporate partners and support Vanguard's Compliance Program by working with senior management and the Head of VMC Compliance.

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.

In This Role You Will

  • Manages key Compliance Department processes by maintaining effective relationships with compliance liaisons, compliance staff and compliance management team.
  • Manages, coordinates, and ensures readiness for regulatory examinations.  Act as a liaison with the examiners; coordinates the gathering and production of requested documentation and meetings, etc.  Maintains backup files for future reference.
  • Manages and continually improves Compliance Program for relevant entity by utilizing applicable regulations, risk management techniques, and business area knowledge to maintain and test relevant policies and procedures that comprise the compliance program. Identifies and reacts to changes in regulatory requirements impacting assigned entity.
  • Develops and maintains a broad knowledge and awareness of the investment industry and regulatory and/or policy changes with potential impact on compliance monitoring or reporting.  Finds, interprets and implements directives and/or regulation that impact(s) the current compliance environment. Serves as a technical expert on compliance issues.
  • Maintains effective working relationships across Vanguard and with regulatory agencies by developing, maintaining, and broadening lines of communication between, and with, business leaders, the Legal Department, the Head of Brokerage Compliance, and other control groups.
  • Presents key findings and recommendations to senior management and the Chief Compliance Officer. Prepares reports, identifies and tracks key measures and metrics, and designs presentations to facilitate senior management discussions.
  • Partners with Legal Department to analyze and resolve potential compliance issues and changes in regulatory requirements. Protects and enhances Vanguard's reputation through continued efforts to strengthen and improve the firm's and individual business unit’s compliance activities.
  • Participates in and actively supports Vanguard Unmatchable Excellence initiatives.  Implements and utilizes business dashboards and other metrics to identify opportunities to enhance the scope and efficiency of existing monitoring and reporting processes.
  • Participates in special projects and performs other duties as assigned.

What It Takes

  • Undergraduate degree/Juris Doctor preferred
  • Experience with a registered investment adviser, registered investment company, broker/dealer, mutual fund, or other securities experience
  • Knowledge of and experience with SEC, FINRA, and/or the securities industry
  • Strong relationship management skills, including ability to interact with individuals at various levels internal and external to the company.
  • Proficient verbal and written communication skills
  • Proficient analytical skills and ability to take appropriate action under tight time constraints.
  • Proven project management skills.
  • As required, ability to obtain FINRA licenses (e.g., series 7, 24 and 63) within 6 months.

Special Factors

  • The position is considered an "Access Person" position under Vanguard’s Code of Ethics. You should be aware this will designate you as a Fund Access Person and carries with it certain responsibilities and restrictions.  For more information see the following article.
  • Travel for seminars or site visits may be needed.
  • If you are offered and accept this position, and you do not have the necessary FINRA licenses for the role, then you must obtain the required licenses within the specified period of time as outlined by Vanguard’s FINRA Licensing Policy. Additionally, if you are not currently registered with FINRA in any capacity, prior to moving into this licensed role, you will be asked to provide authorization for Vanguard to conduct a full background check, including criminal, employment/education history, credit and public records search in accordance with the FINRA regulations. Please note, the credit and criminal check requirement does not apply to crew who are currently registered with FINRA.  Please reference the FINRA Licensing Policy with any questions in regard to the licensing requirements of this position
  • Vanguard is not offering visa sponsorship for this position.

About Vanguard

We are Vanguard. Together, we’re changing the way the world invests.

For us, investing doesn’t just end in value. It starts with values. Because when you invest with courage, when you invest with clarity, and when you invest with care, you can get so much more in return. We invest with purpose – and that’s how we’ve become a global market leader. Here, we grow by doing the right thing for the people we serve. And so can you.

We want to make success accessible to everyone. This is our opportunity. Let’s make it count.

Inclusion Statement

Vanguard’s continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: “Do the right thing.”

We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard’s core purpose through our values.

When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard’s core purpose.

Our core purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.

November 27, 2019

Scottsdale, AZ, US
November 27, 2019
Malvern, PA, US

Scottsdale, AZ, US

Job Requisition #127965

Bring your broker dealer expertise

Vanguard’s core purpose is to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.  In support of our innovative, multi-faceted and highly regulated business lines, Vanguard’s Compliance Department encounters a wide range of complex and compelling issues while providing exceptional, high-value business partnership and compliance support. 

To support its growing and evolving retail investor business, Vanguard seeks a highly skilled compliance professional to serve as the Senior Compliance Specialist for Vanguard Marketing Corporation (“VMC”), Vanguard’s broker-dealer.  The VMC Compliance team manages a dynamic compliance environment and maintains a comprehensive broker-dealer compliance program framework for Vanguard.  This role will serve as the primary liaison on all regulatory examinations and inquiries, including: document identification and production, material retention and all written and verbal communication.  A specialist will also develop and maintain departmental compliance processes, support departmental projects, build relationships with business and corporate partners and support Vanguard's Compliance Program by working with senior management and the Head of VMC Compliance.

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.

In This Role You Will

  • Manages key Compliance Department processes by maintaining effective relationships with compliance liaisons, compliance staff and compliance management team.
  • Manages, coordinates, and ensures readiness for regulatory examinations.  Act as a liaison with the examiners; coordinates the gathering and production of requested documentation and meetings, etc.  Maintains backup files for future reference.
  • Manages and continually improves Compliance Program for relevant entity by utilizing applicable regulations, risk management techniques, and business area knowledge to maintain and test relevant policies and procedures that comprise the compliance program. Identifies and reacts to changes in regulatory requirements impacting assigned entity.
  • Develops and maintains a broad knowledge and awareness of the investment industry and regulatory and/or policy changes with potential impact on compliance monitoring or reporting.  Finds, interprets and implements directives and/or regulation that impact(s) the current compliance environment. Serves as a technical expert on compliance issues.
  • Maintains effective working relationships across Vanguard and with regulatory agencies by developing, maintaining, and broadening lines of communication between, and with, business leaders, the Legal Department, the Head of Brokerage Compliance, and other control groups.
  • Presents key findings and recommendations to senior management and the Chief Compliance Officer. Prepares reports, identifies and tracks key measures and metrics, and designs presentations to facilitate senior management discussions.
  • Partners with Legal Department to analyze and resolve potential compliance issues and changes in regulatory requirements. Protects and enhances Vanguard's reputation through continued efforts to strengthen and improve the firm's and individual business unit’s compliance activities.
  • Participates in and actively supports Vanguard Unmatchable Excellence initiatives.  Implements and utilizes business dashboards and other metrics to identify opportunities to enhance the scope and efficiency of existing monitoring and reporting processes.
  • Participates in special projects and performs other duties as assigned.

What It Takes

  • Undergraduate degree/Juris Doctor preferred
  • Experience with a registered investment adviser, registered investment company, broker/dealer, mutual fund, or other securities experience
  • Knowledge of and experience with SEC, FINRA, and/or the securities industry
  • Strong relationship management skills, including ability to interact with individuals at various levels internal and external to the company.
  • Proficient verbal and written communication skills
  • Proficient analytical skills and ability to take appropriate action under tight time constraints.
  • Proven project management skills.
  • As required, ability to obtain FINRA licenses (e.g., series 7, 24 and 63) within 6 months.

Special Factors

  • The position is considered an "Access Person" position under Vanguard’s Code of Ethics. You should be aware this will designate you as a Fund Access Person and carries with it certain responsibilities and restrictions.  For more information see the following article.
  • Travel for seminars or site visits may be needed.
  • If you are offered and accept this position, and you do not have the necessary FINRA licenses for the role, then you must obtain the required licenses within the specified period of time as outlined by Vanguard’s FINRA Licensing Policy. Additionally, if you are not currently registered with FINRA in any capacity, prior to moving into this licensed role, you will be asked to provide authorization for Vanguard to conduct a full background check, including criminal, employment/education history, credit and public records search in accordance with the FINRA regulations. Please note, the credit and criminal check requirement does not apply to crew who are currently registered with FINRA.  Please reference the FINRA Licensing Policy with any questions in regard to the licensing requirements of this position
  • Vanguard is not offering visa sponsorship for this position.

About Vanguard

We are Vanguard. Together, we’re changing the way the world invests.

For us, investing doesn’t just end in value. It starts with values. Because when you invest with courage, when you invest with clarity, and when you invest with care, you can get so much more in return. We invest with purpose – and that’s how we’ve become a global market leader. Here, we grow by doing the right thing for the people we serve. And so can you.

We want to make success accessible to everyone. This is our opportunity. Let’s make it count.

Inclusion Statement

Vanguard’s continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: “Do the right thing.”

We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard’s core purpose through our values.

When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard’s core purpose.

Our core purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.

LocationMalvern, PA, US

Scottsdale, AZ, US

Our commitment to equal employment opportunity

Vanguard is an equal opportunity employer. Vanguard is committed to providing all crew members a working environment that is free from discrimination, prejudice and bias. Through this Equal Employment Opportunity (EEO) Policy, Vanguard reaffirms its commitment to equal employment opportunity for all applicants and crew members without regard to race, color, national origin or ancestry, religion, gender, sex, sexual orientation, gender identity or expression, age, disability, marital status, veteran or military status. In addition, Vanguard prohibits discrimination based on genetic information, as well as any other characteristic protected by federal, state or local law.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on Vanguard. Please inform careers@vanguard.com if you need assistance completing this application or to otherwise participate in the application process.

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