Senior Compliance Analyst
March 28, 2019
Malvern, PA, US
March 28, 2019
In this role, you will support Vanguard’s institutional advice compliance program by developing and maintaining departmental compliance processes, working with senior management, supporting regulatory exams for Vanguard Advisors, Inc., and providing Compliance support to the various business areas within Institutional Investor Services, primarily through guidance and oversight related to regulated activities.
Duties and Responsibilities
- Manages key Compliance Department processes by maintaining effective relationships with compliance liaisons, compliance staff, the compliance management team and the business.
- Manages and continually improves compliance program for relevant entity by leveraging applicable regulations, risk management techniques, and business area knowledge to maintain and test relevant policies and procedures that comprise the compliance program. Anticipates, identifies and reacts to changes in regulatory requirements impacting Vanguard’s Institutional division.
- Elevates issues and identifies priorities. Tracks follow-up items to ensure they are appropriately resolved. Demonstrates initiative and creativity in independently recommending and implementing solutions to business contacts, senior leaders, and the Chief Compliance Officer.
- Develops, maintains, and broadens effective working relationships across Vanguard and with regulatory agencies. Fosters lines of communication between, and with, business leaders, the Legal Department, Compliance Department colleagues, global partners, and other risk and control groups. Coordinates activities and efforts as required with other Compliance teams and global partners.
- Maintains a deep knowledge and awareness of the investment industry and regulatory and/or policy changes with potential impact on compliance monitoring or reporting as it relates to retirement plan asset management and investment advice. Stays abreast of current market, regulatory and industry relevant news. Serves as a technical expert on compliance requirements impacting Institutional (Retirement Plan) Asset Management for qualified and non-qualified defined contribution and defined benefit retirement plans, endowments and foundations, including regulations under ERISA, the Internal Revenue Code, the Department of Labor (DOL), and the Pennsylvania Banking Code for trust companies. Develops a deep understanding of the related business areas, including applicable systems and software.
- Prepares board reports and other applicable management reporting, identifies and tracks key measures and metrics, and designs presentations to facilitate senior management discussions.
- Partners with Office of the General Counsel colleagues 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.
- Leads, manages, coordinates, and ensures readiness for regulatory examinations, responds to regulatory inquiries and requests, and serves as a contact for certain regulators, such as the U.S. Department of Labor. As appropriate, acts as a liaison with regulators and impacted business areas by preparing for meetings and coordinating the gathering and production of requested documents in connection with examinations or other regulatory inquiries.
- Participates in special projects and performs other duties as assigned.
- Undergraduate degree or equivalent experience required. Graduate degree preferred.
- Minimum five years business experience. Regulatory, compliance, investment, or auditing experience preferred.
- Broad understanding of Vanguard’s business and the investment industry; knowledge of and experience with SEC, ERISA, IRS and DOL regulations as they relate to retirement plans preferred.
- Excellent relationship management skills, including ability to interact with individuals at various levels internal and external to the company.
- Demonstrated ability to function in a fast-paced, ambiguous environment while managing multiple and diverse responsibilities.
- Proven ability to develop and implement new business plans or change direction in a dynamic environment.
- Excellent judgment and decision-making skills; ability to analyze and respond to issues.
- Excellent verbal and written communication skills.
- Familiarity with and experience in using relevant systems and applications, as applicable.
Candidates holding FINRA licenses (e.g., FINRA series 6, 7, 26, 24) may be permitted to retain them; and, some travel for trainings, seminars and global coordination may be required.