Senior Compliance Director Head of Distribution Oversight
Senior Compliance Director Head of Distribution Oversight
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1 Vacancy
Job Description
As the Head of Vanguards Distribution & Oversight Compliance function this role is responsible for supporting oversight programs and institutional distribution compliance activities for Vanguards mutual funds and products. You will provide strategic leadership and direction for a dynamic compliance function working closely with the teams supporting the creation and management of Vanguards products to support distribution in onshore and offshore markets and ensure that Vanguards communications and marketing activity complies with regulatory requirements. This individual will also lead the teams with primary responsibility for the firms compliance oversight programs under Rules 38a1 and 20647 and the development of the CCOs board reports and supporting materials. The Head of D&0 is a senior leader serving as a member of the leadership team for the Global Fund Advisor and Distribution division of the Compliance Department.
Core Responsibilities:
- Develop deep knowledge of Vanguards products operating environment clients and trends. Oversee distribution activities for all asset classes and vehicles equity/fixed/alternative for Mutual Funds ETFs CITs and Private Funds for institutional and intermediary clients to ensure ongoing compliance with regulatory obligations.
- Cultivate and promote strong relationships with distribution and product development personnel. Apply understanding of the business and regulatory knowledge to provide guidance to business partners and identify compliance program implications.
- Serve as senior leader overseeing the team tasked with preparing various board reports and communications for proprietary and externally advised funds including quarterly and annual CCO reports and documentation. Leads oversight programs under Rule 38a1 and 20647 including due diligence program to monitor Vanguards external advisors.
- Provides strategic leadership to a team of compliance professionals. Directs compliance activities including compliance monitoring and reporting related to Vanguards business activities. Partners with senior business leaders and stakeholders to provide advice and ensure compliance with regulatory requirements.
- Partner with colleagues to support ongoing compliance oversight of new product launches and product amendments both for registered products and institutional products/private funds. Identifies distribution impacts on Vanguard funds and acts to mitigate same to protect Vanguards funds and shareholders.
- Develops and enforces applicable compliance frameworks/controls for distribution channels and thirdparty relationships (e.g. brokerdealers financial advisors and institutional clients). Monitors and ensures that distribution practices (including advertising marketing and web communications) comply with relevant regulatory standards.
- Drives the identification and development of corrective action plans to resolve of problematic compliance issues. Develops strategies and practices to reduce potential for violations and noncompliance related to Vanguards business activities and investment products.
- Supports the development of compliance policies and procedures. Partners closely with business leaders to oversee the implementation of compliance standards and practices. Leads strategic compliance support related to business initiatives and key enterprise projects. Performs other duties as assigned. Serves as an expert and key resource related to compliance issues. Utilizes deep expertise to lead a team and develop a response to complex compliance related issues.
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.
- This job requires a regulatory license and/or registration (e.g. FINRA state SFC). These will be determined by Compliance based on rolespecific duties.
Special Factors
Sponsorship
Vanguard is not offering visa sponsorship for this position.About Vanguard
At Vanguard we dont just have a missionwere on a mission.
To work for the longterm financial wellbeing of our clients. To lead through product and services that transform our clients lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne our mission drives us forward and inspires us to be our best.
Our commitment to diversity equity and inclusion
Vanguards commitment to diversity equity and inclusion (DEI) is central to our ability to deliver on our mission. We aspire to create a work environment that is inclusive equitable and diverseone that enables our employees whom we call crew to thrive and bring their best selves to work every day on behalf of our clients.
Cultivating DEI lifts our entire organization and everyone shares accountability for our progressfrom our senior leaders who lay the foundation and set the example for inclusive behaviors to crew who are growing in their personal DEI learning experiences.
Together were on a mission. We are fueled by the value of diverse voices and connected through friendships and a culture of carefor our clients our communities and each other.
Vanguards DEI journey has no finish line. Our commitment is enduring and we remain focused on the path ahead. To learn more about Vanguard goals and progress toward DEI download our Diversity Equity and Inclusion Report.
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.
Required Experience:
Director
Employment Type
Full-Time
