Director Conduct Office

Vanguard

London

Director Conduct Office

Vanguards purpose is to take a stand for all investors to treat them fairly and to give them the best chance of investment success. With a rapidly growing business in Europe and against the backdrop of ever evolving regulatory requirements we are seeking a highly experienced regulatory compliance professional to lead tour European Conduct office manage SMCR and IAF at Vanguard in addition to our comprehensive Code of Ethical Conduct.

Summary of Role

This position will report directly into the Global Head of Ethics and Conduct Compliance and complement an existing team of expert and diverse compliance professionals supporting our global conduct team as well as our European business.

An indepth understanding of the FCAsA regulatory requirements and regulatory posture is required to guide proactive open and transparent engagement to ensure the SMCR regime is implemented and administered as required and interpretation of FCAs requirements appropriate.

Vanguards Code of Ethical Conduct is central to our ways of working. Ensuring that the policies underpinning the Code are appropriately understood and embedded through proactive thoughtful and innovative programmes of engagement and training is critical.

Close collaboration and engagement with Vanguards Human Resources function is required as such the role holder will lead on broader Compliance engagement with HR as required including providing technical advice on regulations relating to remuneration.

The role holder will work closely with the Global Head of Ethics and Conduct Compliance Chief Compliance Officer Europe and other stakeholders on the thoughtful use of the Conduct Panel which is responsible for considering conduct matters including conduct rule and conduct standard breaches.

Our second line of defense Compliance team are trusted advisers commercially minded and proactive in their understanding of Vanguards mission vison & strategy and objectives. The role is necessarily broad fast paced and demanding and should prove a fulfilling role for the right candidate.

The successful candidate will collaborate and support colleagues in all relevant geographies across Compliance Risk and the wider Office of the General Counsel department (Legal Investment Stewardship and Public Policy in addition to Compliance).

Core Responsibilities:

• Provide technical regulatory advice and interpretation of regulatory expectations to the wider Compliance team and management.
• Management of Conduct risk matters across Vanguard Europe including identification monitoring reporting and delivering relevant training.
• Management of the SMCR regime at Vanguard ensuring it is appropriately embedded and managed across Senior Manager Certified and Conduct Rule populations.
• Management of the Code of Ethical Conduct for Vanguard Europe providing riskbased monitoring oversight and reporting.
• Providing advice and guidance on conduct rule breaches in accordance with the Conduct Rule Breach protocol and Speakup protocols.
• Providing advice and guidance and operating appropriate governance with HR on Remuneration considerations.
• Leading policy governance for Vanguard Europe including good policy management practices within the Europe Compliance function.
• Supporting the Chief Compliance Officer Europe meet local governance reporting requirements in respect of Conduct matters.
• Maintain expert knowledge and awareness of the investment industry. Stays abreast of current market regulatory and industry relevant news. Serve as an expert trusted advisor and provide guidance to the team on compliance related issues.
• Participate in special projects and performs other duties as assigned.
• Line management responsibilities

What it takes

• Minimum ten years related experience including regulatory supervisory experience or regulatory relationship management experience.
• Experienced leader with proven track records of developing and leading effective and efficient teams and excellent communication skills confident engaging with senior leaders.
• A curious mindset commercial tenacious lateral thinking proactive and relationship orientated.
• Ability to assess business risk priorities associated with compliance risks and ability to make riskbased decisions using sound judgement to escalate appropriately.
• Confidence in influencing decisions and engaging with cross functional stakeholders at all levels and across geographies.
• Strong regulatory technical knowledge of FCA and European requirements including SMCR and Remuneration.
  • Understanding and awareness of the importance of ethical standards in the investment management industry with an ability to generate awareness understanding and engagement on this important responsibility.
  • Maintain a deep knowledge and awareness of the investment industry. Stay abreast of current market regulatory and industry relevant news and represent Vanguard at industry forums.

• Undergraduate degree or equivalent combination of training and experience. Graduate degree preferred.

Special Factors

• Vanguard is not offering visa sponsorship for this position.
• This position is hybrid and would require you to work in the office location Tuesday Wednesday and Thursday.

About Vanguard

Vanguard is an investment company unlike any other. It was founded by Jack Bogle in the US in 1975 on a simple but revolutionary idea: that an investment company should manage its funds solely in the interests of its clients. Jack helped bring investing to the masses with the index fund. Index funds do not pick individual shares or bonds to beat the market. They supervise the performance of the entire market. Or as Jack put it Dont look for the needle in the haystack. Just buy the haystack!. We have stood for lowcost uncomplicated investing ever since. Over the last 45 years people have come round to our way of thinking and more than 30 million investors worldwide now trust us with their money.

Inclusion Statement

Vanguards continued dedication 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 Vanguards 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 Vanguards 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.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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 inperson learning collaboration and connection. We believe our missiondriven and highly collaborative culture is a critical enabler to support longterm client outcomes and enrich the employee experience.