Chief Compliance Officer, Fund Compliance

September 13, 2023

September 13, 2023
Malvern, PA, US

Job Requisition #155935

As the Chief Compliance Officer of Vanguard Global Advisors and Head of Vanguard Fund and Advisor Compliance, this role provides strategic leadership and direction on the design and execution of global compliance activities related to Vanguard's registered products, shareholder accounts, and registered investment advisors. Successful applicants will have experience with global regulations impacting investment management, a history of successful global team leadership and talent development, and a strong track record of building effective relationships with business partners, including portfolio managers and traders, to drive robust compliance risk management. This role reports to the Vanguard Chief Compliance Officer and is a member of the Compliance Leadership Team.

Job Description

Engage with business partners on regulations impacting Vanguard; ensure regulatory requirements are understood and controls and operating environments are designed to meet regulations and industry standards.
Responsible for the design and execution of the SEC 206(4)-7 and 38a(1) Compliance Programs.
Participate in governance activities, provide compliance guidance on compliance issues, product development, business strategy, and operations.
Hire, evaluate, and supervise crew. Provide guidance and training to develop crew, set performance standards, review performance, and makes informed compensation decisions in accordance with all applicable Human Resources policies and procedures.
Provide strategic leadership to a team of compliance professionals. Direct compliance activities, including compliance monitoring, testing, and reporting related to Vanguard's registered products, shareholder accounts, and registered investment advisors. Oversee investigations of alleged violations of Vanguard's ethical standards and noncompliance with applicable laws, regulations, and corporate policy issues. Partner with senior business leaders and stakeholders to provide advice and ensure compliance with regulatory requirements.
Oversee preparation and coordination efforts leading up to regulatory visits. Serves as a primary liaison between the business and examiners as well as regulatory agencies.
Lead the development of compliance policies and procedures and partner with business leaders to oversee the implementation of compliance standards and practices.
Drive the identification and development of corrective action plans to resolve problematic compliance issues. Develop strategies and practices to reduce potential for violations and noncompliance.
Set standards and metrics for operational efficiency. Develop and delivers required reporting on compliance audits to business leaders.
Lead strategic compliance consultation related to business initiatives and new product launches.
Maintain an expert knowledge and awareness of the investment industry. Stays abreast of current market, regulatory and industry relevant news. Serve as an expert and key resource related to compliance issues. Utilize deep expertise to lead a team and develop a response to complex compliance related issues.
Participates in special projects and performs other duties as assigned

Qualifications

Minimum of eight years related work experience with at least five years in compliance. Supervisory experience preferred.
Undergraduate degree or equivalent combination of training and experience.

Special Factors

Sponsorship

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.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

September 13, 2023

Malvern, PA, US

Job Requisition #155935

Transcript

As the Chief Compliance Officer of Vanguard Global Advisors and Head of Vanguard Fund and Advisor Compliance, this role provides strategic leadership and direction on the design and execution of global compliance activities related to Vanguard's registered products, shareholder accounts, and registered investment advisors. Successful applicants will have experience with global regulations impacting investment management, a history of successful global team leadership and talent development, and a strong track record of building effective relationships with business partners, including portfolio managers and traders, to drive robust compliance risk management. This role reports to the Vanguard Chief Compliance Officer and is a member of the Compliance Leadership Team.

Job Description

Engage with business partners on regulations impacting Vanguard; ensure regulatory requirements are understood and controls and operating environments are designed to meet regulations and industry standards.
Responsible for the design and execution of the SEC 206(4)-7 and 38a(1) Compliance Programs.
Participate in governance activities, provide compliance guidance on compliance issues, product development, business strategy, and operations.
Hire, evaluate, and supervise crew. Provide guidance and training to develop crew, set performance standards, review performance, and makes informed compensation decisions in accordance with all applicable Human Resources policies and procedures.
Provide strategic leadership to a team of compliance professionals. Direct compliance activities, including compliance monitoring, testing, and reporting related to Vanguard's registered products, shareholder accounts, and registered investment advisors. Oversee investigations of alleged violations of Vanguard's ethical standards and noncompliance with applicable laws, regulations, and corporate policy issues. Partner with senior business leaders and stakeholders to provide advice and ensure compliance with regulatory requirements.
Oversee preparation and coordination efforts leading up to regulatory visits. Serves as a primary liaison between the business and examiners as well as regulatory agencies.
Lead the development of compliance policies and procedures and partner with business leaders to oversee the implementation of compliance standards and practices.
Drive the identification and development of corrective action plans to resolve problematic compliance issues. Develop strategies and practices to reduce potential for violations and noncompliance.
Set standards and metrics for operational efficiency. Develop and delivers required reporting on compliance audits to business leaders.
Lead strategic compliance consultation related to business initiatives and new product launches.
Maintain an expert knowledge and awareness of the investment industry. Stays abreast of current market, regulatory and industry relevant news. Serve as an expert and key resource related to compliance issues. Utilize deep expertise to lead a team and develop a response to complex compliance related issues.
Participates in special projects and performs other duties as assigned

Qualifications

Minimum of eight years related work experience with at least five years in compliance. Supervisory experience preferred.
Undergraduate degree or equivalent combination of training and experience.

Special Factors

Sponsorship

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.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

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.