Head of Model Portfolios

An integral part of the FAS strategy and future success is to become more than just a lowprice passive equity asset manager moving to a Beyond Beta to become an indispensable partner to advisors by delivering more Vanguard resources and capabilities to help them drive better client and business outcomes. Model portfolios are a critical part of the FAS multiline strategy as models provide advisors high quality portfolios across both equity and fixed income backed by Vanguards bestinclass portfolio construction research and underlying products. Success for the models business is not just the adoption of our turnkey models by home offices and advisors but also providing thought leadership and specialists to influence the creation of home office and advisor directed models even where Vanguard is not the strategist. The FAS models offer currently has $40B in assets under management with a growing distribution ecosystem and footprint.

As Head of Model Portfolios this role is responsible for:

• Setting the vision and multiyear offer strategy including determining the target market and defining the offer value proposition
• Defining the key results including the annual business plan OKRs and investments
• Overseeing offer development including the creation and of a prioritized roadmap of offer development (across content thought leadership specialists and digital tools)
• Overseeing offer distribution collaborating with Sales channel leadership to enable sales efforts to place turnkey models as well as influence model construction and placement of Vanguard funds into models and collaborating with Marketing to increase digital offer access and web/tool adoption
• Manage daytoday running of the offer monitoring progress against OKRs and KPIs
• Leading a crossfunctional offer team which includes an extended team of marketing digital product management technology data analytics and finance.
• This individual will report into the Head of Advisor Solutions within FAS

Responsibilities:

• 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.
• Guides the model portfolios product strategies and oversees crew working on related projects. Contributes to the development of short and longterm goals sets distribution strategies reviews financial and business performance and ensures the achievement of business goals and objectives. Analyzes how clients use Vanguards model portfolios identifies gaps and adjusts strategies accordingly. Analyzes how Vanguard products are used in models generally and influences the construction of those models and the placement of Vanguard products in models.
• Serves as an external (and internal) clientfacing subject matter expert on the model portfolios and client industries market conditions competitors and compliance regulatory and departmental policies and procedures. Contributes to the development of Vanguards external publications.
• Collaborates with internal partners to develop and deliver targeted client strategies ensure a cohesive client experience and maximize adoption and effective application of Vanguard services.
• Represents the departments viewpoint when collaborating with internal partners to develop and enhance Vanguards model portfolios service offer and portfolio strategies. Acts as a liaison to senior management and other divisions.
• Establishes and enhances policies procedures and standards of operations to ensure efficiency and quality.
• Participates in special projects and performs other duties as assigned.

Qualifications:

• Undergraduate degree or equivalent combination of training and experience. Graduate degree preferred.
• Ten years experience in the Financial Services industry or client services preferred. Supervisory experience required.
• MBA and/or CFA preferred.