Senior Compliance Director, Head of Brokerage Oversight Compliance

Financial integrity from the inside out

Vanguards core purpose is to take a stand for all investors to treat them fairly and to give them the best chance for investment success. Known for our strong ethical business practices and client focus Vanguard has a vibrant and multi-faceted business. In support of our innovative and highly regulated business lines Vanguards Compliance Department encounters a wide range of complex and compelling issues while providing exceptional high-value business partnership and compliance support. In addition Vanguard is an employer of choice that continually invests in the growth development and success of its employees over the course of their Vanguard careers.

To support its growing and evolving service offerings Vanguard seeks a highly skilled broker-dealer compliance professional to lead strategic compliance activities related to business initiatives firm supervision new product launches and to collaborate with business partners on assessing and enhancing risk management controls. The ideal candidate will have experience in scaling and future-proofing firm compliance programs to protect Vanguards reputation and a minimum of 10 years of leadership experience supporting retail brokerage and wealth management businesses. Broad knowledge and experience with broker-dealer regulations is required while familiarity with investment adviser investment company and state regulations will complement the required skills.

As a trusted leader the Head of Brokerage Oversight Compliance will also provide strategic direction to a dynamic team of compliance professionals focused on Vanguards Personal Investor and Advice & Wealth Management divisions along with support of areas where brokerage product and services intersect with other financial advisory businesses. The team is charged with building maintaining and enhancing an evergreen and comprehensive compliance program for Vanguards broker-dealer business. Working for the Chief Compliance Officer this compliance leader directly and through a team will support business operations and initiatives identify and respond to ongoing regulatory changes and implement required policies and procedures inclusive of appropriate operational and supervisory oversight within the business.

Core Responsibilities:

• Serve as a trusted advisor to Vanguards retail brokerage financial advisor advice and wealth management businesses. Work collaboratively with the businesses including centralized supervision to further develop policies procedures and controls designed to ensure compliance with applicable laws and regulations
• Act as a strategic leader to a team of compliance professionals to provide compliance thought leadership partnership and guidance within the implementation and support of business initiatives supervision new product launches and corresponding regulatory framework design and implementation.
• Maintain and cultivate a team-oriented culture for efficiently and effectively managing regulatory risks by fostering strong relationships between and with business leaders the Legal Department Compliance Department colleagues global partners including Risk and other control/oversight groups like Supervision.
• Adopt and implement best practices to ensure optimal effectiveness of management and mitigation of regulatory and compliance risks including driving collaboration and efficiencies between relevant compliance teams and partners throughout the enterprise.
• Lead manage and participate in compliance oversight efforts and projects within Vanguards ecosystem to protect Vanguards reputation and clients. Utilize risk management techniques and business area knowledge to develop maintain and periodically test relevant policies and procedures.
• Represent the Compliance Department in various committees and lead discussions related to effective supervision conflicts of interest management risk identification control design and issues remediation as well as apprising of newest industry / regulatory developments.
• Develop maintain and demonstrate detailed understanding of all regulations that are applicable to Vanguards brokerage and partner businesses; monitor developments proposed rule changes and amendments in applicable rules and regulations assess the potential impact to Vanguards practices and coordinate implementation of rules that are adopted or finalized.
• As appropriate act 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.
• Hire evaluate 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.
• Seeks to continually assess and enhance compliance practices specific to the business unit. Directs team activities and partners closely with business unit leaders during the implementation of compliance standards and practices with respect to business initiatives and new product launches.

What it takes:

• A deep and varied understanding of financial markets and products.
• Advanced knowledge of FINRA SEC state banking and trust company regulations and other regulatory requirements applicable to investment advisers broker-dealers and trust services holding retail investor securities.
• Ability to work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment.
• Mastery of appropriate interpersonal styles and ability to communicate effectively both orally and in writing with all levels within the enterprise.
• Ability to provide leadership and professional guidance to a geographically dispersed team with the ability to attract retain and advance top talent.
• A partnership-focused philosophy to accomplish objectives.

• This job may require regulatory license and/or registration (e.g. FINRA state). These will be determined by Compliance based on role-specific duties. (Series 7 14 24 or 65 66). (must obtain within 6 months if not currently held).
• Certified Regulatory and Compliance Professional (CRCP) designation is a plus

Special Factors

Sponsorship

About Vanguard

At Vanguard we dont just have a missionwere on a mission.

To work for the long-term 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.

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 in-person learning collaboration and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.