Senior Manager, Investment Operational Risk Management

Malvern, PA, US

July 16, 2018
The Investment Operational Risk Management group is a trusted independent partner within the Investment Management division focused on identifying, assessing and fostering a culture of risk awareness, while providing thought leadership and the development of operational risk solutions that influence decisions with our front office capabilities. This framework includes the identification, assessment, design, governance and monitoring of inherent and residual risks related to people, processes, systems and external events. This includes global Fixed Income and Equity Index portfolio management, Counterparty Risk, Third Party Risk, divisional access and business intelligence. The role reports to the Global Head of Investment Operational Risk Management and is part of a 7 person leadership team and department of 35 based in Malvern, PA, Scottsdale, AZ, London and Melbourne.


  • Oversight, analysis and trending of portfolio management trading activity, including transactional trade testing
  • Analyze new venues (brokers and trading platforms) as trading counterparties
  • Analyze operational risk incidents and implement associated risk mitigation strategies
  • Manage the divisions risk profile and understanding of operational risk trends
  • Conduct risk assessments and targeted reviews on fund initiatives including the establishing of change management practices, reporting infrastructure, controls assurance that are aligned with Vanguard’s enterprise risk framework
  • Lead significant operational investment risk projects related to future state business requirements , regulators, brokers and vendors
  • Lead group discussions designed to identify and debate investment issues and thought leadership around best practices that are emerging within the operational risk industry
  • Provide guidance, mentorship, training, and motivation as necessary to staff (crew) including performance standards, formal coaching and development and the selection of candidates for roles within the group
  • Partner on projects with internal organizations including Global Investment Shared Services, Office of the General Counsel and Internal Audit
  • Participate in special projects that could include forensics monitoring, pre and post trade control enhancement, stress testing and global implementation


  • Undergraduate degree (analytical major such as Business, Finance, Accounting, Economics, Computer Science/Engineering, Mathematics or Statistics) Graduate Degree and related professional designations preferred
  • Minimum of 8 to 10 years of related and progressive work experience, including 5 years of direct risk management and controls work experience
  • Significant experience in designing, building and directing an operational risk, compliance and controls program within a large world-class financial organization
  • Expert Knowledge and experience with complex systems implementations, project management and IT systems design
  • Specialized knowledge across disciplines related to risks in investment management including regulatory, counterparty, technology and fraud with core expertise in investment operational risk
  • Deep, well rounded understanding of the investment process, operations and technology as well as audit and compliance. Should be attuned to the risk and compliance guidelines of the ’40 Act, Dodd-Frank, Sarbanes-Oxley and other regulatory programs
  • Demonstrated sound business judgement and ability to apply practical thinking in weighing the potential for risk against related investments and decisions
  • Broad strategic and conceptual thinker with a practical orientation and ability to translate complex risk topics into executable programs
  • Ability to work independently and/or in a team environment on multiple assignments simultaneously, mobilize teams through a shared vision
  • Strong communication, relationship management and influencing skills and build buy-in across a matrix structure