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Full-Time

Senior Compliance Director

Anti-Money Laundering, Aml, Compliance

Confirmed live in the last 24 hours

Vanguard

Vanguard

10,001+ employees

Client-owned investment management firm offering low-cost funds

Financial Services
Fintech

Senior, Expert

Malvern, PA, USA + 1 more

More locations: Scottsdale, AZ, USA

Hybrid working model requires in-office presence.

Category
Risk & Compliance
Legal & Compliance
Required Skills
Communications
Data Analysis
Requirements
  • Minimum of ten years related work experience. Financial crimes experience preferred. Supervisory experience preferred.
  • Undergraduate degree or equivalent combination of training and experience. Graduate degree preferred.
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.
  • Serves as a subject matter expert and provides leadership and oversight for Financial Crimes operations related to utilizing Data Analytics to improve detection scenarios and assist in uncovering networks and supporting investigations.
  • Designs, oversees and consults on the design, implementation, execution, and maintenance of new AML compliance standards, policies and procedures.
  • Provides strategic Financial Crimes compliance support for business initiatives and regulations, works collaboratively with all business leaders and other impacted departments, and coordinates efforts across stakeholder groups to analyze and assess readiness for change.
  • Manages and oversees the review and analysis of internal due diligence reports and alerts. Resolves exceptions, including highly complex issues escalated by the team.
  • Oversees the preparation and submission of required internal and external reporting in accordance with departmental policies and regulatory guidelines.
  • Oversees corrective action plans for resolution of complex, problematic issues. Recommends practices to reduce potential for violations and noncompliance related to Vanguard's financial crimes compliance program.
  • Maintains expert knowledge and awareness of the investment industry and compliance developments with implications for Vanguard's financial crimes program. Stays abreast of current market, regulatory and industry relevant news. Serves as the senior expert and consultant related to compliance issues. Utilizes expertise to provide guidance and leadership on complex compliance related issues. Acts as a liaison to regulatory agencies.
  • Stays abreast of regulatory developments. Provides oversight and direction for internal and communications, including the effective and timely communication with the business and other stakeholders. Serves as a trusted advisor to consult with business leaders on the potential impact.
  • Leads the training and development of junior staff within the department.
  • Participates in special projects and performs other duties as assigned.

Vanguard provides financial services with a focus on investment management. The company offers a variety of products, including mutual funds, exchange-traded funds (ETFs), individual retirement accounts (IRAs), and 401k rollovers, aimed at individual investors, financial advisors, and institutional clients. Vanguard's unique ownership structure means it is owned by its funds, which are in turn owned by the clients, allowing it to prioritize the needs of its investors over external shareholders. This model enables Vanguard to offer low-cost investment options, as it primarily earns revenue through management fees that are generally lower than industry standards. Additionally, Vanguard provides personalized investment advisory services, charging fees based on the assets managed. The company aims to help clients grow their wealth and achieve their financial goals through effective investment strategies, with many of its funds performing competitively over time.

Company Stage

N/A

Total Funding

N/A

Headquarters

Kline Township, Pennsylvania

Founded

1975

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Simplify's Take

What believers are saying

  • Vanguard's expansion into active fixed income ETFs and international dividend growth funds demonstrates its commitment to offering diverse and innovative investment options.
  • The company's strong performance history, with many funds outperforming peer averages over a decade, provides a compelling reason for investors to trust Vanguard.
  • Strategic partnerships, such as the collaboration with American Express for financial advice services, enhance Vanguard's value proposition and market reach.

What critics are saying

  • The competitive landscape in financial services is intense, with major players like Schwab and Fidelity posing significant challenges.
  • Vanguard's reliance on low-cost fees may pressure profit margins, especially in volatile market conditions.

What makes Vanguard unique

  • Vanguard's unique client-owned structure ensures that the company operates solely in the best interest of its investors, unlike traditional firms driven by external shareholders.
  • The company's commitment to low-cost investment options, with fees generally lower than industry averages, sets it apart in the competitive financial services market.
  • Vanguard's broad range of investment products, including mutual funds, ETFs, and personalized advisory services, caters to a diverse clientele from individual investors to large institutions.

Benefits

Best-in-class medical, dental & vision coverage

Onsite health clinic & fitness center

Health Smart Rewards program

Vanguard Retirement Savings Plan

Education Benefits

PTO

Family Planning Benefist

Parental leave

Personal development opportunities

Volunteer Time Off