Compliance Manager, Head of Fund & Advisor Inspections

Leads a team responsible to perform compliance testing and monitoring inspections. Supports the development, implementation, and maintenance of compliance processes within the testing and monitoring compliance functions. Forms strong partnership with Compliance and Risk partners.  Serves as a trusted advisor to the business and provides oversight of regulated activities.

Does this role pique your interest? If so, the ideal candidate will have strong investment management and investment advisor business acumen, a background in testing, and a desire to lead and develop crew. In this role, you will lead a specialized team of crew (S1 and S2) who plan, test, and report on compliance inspections for the Fund and Advisor related business units. This is a great opportunity to grow your risk mindset, leverage your business acumen, and develop crew. You will closely partner with your crew on their projects and lean heavily into the player/coach leadership model. As a leader on the monitoring and testing team there is an opportunity to grow your network and further your business and compliance acumen. You will have four peers to collaborate with and influence the strategic direction of the testing and monitoring team.

The Compliance Manager, Head of Fund & Advisor Inspections:

• Hires, evaluates, and supervises crew. Provides guidance and training as necessary to develop crew. Sets performance standards, reviews performance, and makes informed compensation decisions in accordance with all applicable Human Resources policies and procedures. Fosters a collaborative team environment building a strong culture of ownership, achievement, quality, and accountability.
• Establishes the annual plan, oversee and lead the team in routine testing, monitoring and inspections, including investigations of alleged violations of Vanguard's ethical standards and noncompliance with applicable laws, and regulations. 
• Forms a strong relationship with Compliance Advisory partners to collectively serve to provide oversight and advice to the business.  Routinely communicate with business stakeholders, internal risk, and compliance partners and leaders.
• Manages regulatory visits and inspections. Reviews, and prepares as needed, written inspection and assessment reports and provides recommendations for improvement. Provides guidance to mitigate compliance risks and control gaps.
• Oversees the design, implementation, execution, and maintenance of compliance policies and procedures. Supports the development of new compliance standards.
• Recommends and communicates corrective action plans to resolve problematic issues identified during testing activities. Recommends practices to strengthen control environment and reduce potential for violations and noncompliance.
• Manages operational efficiency. Sets measurable goals leveraging internal and external resources accordingly. Reports on the results of compliance and ethics initiatives of the business.
• Follows approved investigation procedures and reports on corrective actions.
• Maintains a deep knowledge and awareness of the investment industry. Stays abreast of current market, regulatory, and industry relevant news. Serves as an expert and provides guidance to team on compliance-related issues. Acts as a liaison to regulatory agencies.
• Participates in special projects and performs other duties as assigned.

What it takes:

• Minimum of five years related work experience, with at least two years within a financial services compliance function. Regulatory, compliance, investment, or auditing experience preferred. Supervisory experience preferred.
• Working knowledge of the securities industry, along with the Investment Company Act of 1940 and the Investment Advisers Act of 1940 preferred.
• Undergraduate degree or equivalent combination of training and experience.
• Excellent verbal and written communication skills

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.