Full-Time

Senior Compliance Director

Anti-Money Laundering, Aml, Compliance

Posted on 9/9/2024

Vanguard

Vanguard

10,001+ employees

Client-owned investment management firm offering low-cost funds

Fintech
Financial Services

Senior, Expert

No H1B Sponsorship

Malvern, PA, USA + 1 more

More locations: Scottsdale, AZ, USA

Hybrid working model requires in-office presence.

Category
Risk & Compliance
Legal & Compliance
Required Skills
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. It offers a variety of products such as mutual funds, exchange-traded funds (ETFs), individual retirement accounts (IRAs), and 401k rollovers, catering to individual investors, financial advisors, and institutional clients. The company operates under a unique ownership structure where it is owned by its funds, which are in turn owned by the clients, ensuring that its primary goal is to serve investors rather than external shareholders. Vanguard is known for its low-cost investment options, charging management fees that are generally lower than industry averages, which reflects its commitment to cost efficiency. Additionally, it offers personalized investment advisory services with fees based on assets managed. Vanguard aims to help clients grow their wealth and achieve their financial goals through effective investment strategies, and many of its funds have performed competitively over time.

Company Stage

Private

Total Funding

N/A

Headquarters

Kline Township, Pennsylvania

Founded

1975

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Simplify's Take

What believers are saying

  • Vanguard plans to launch new active bond ETFs by the end of 2023.
  • The firm is expanding its active lineup with the International Dividend Growth Fund.
  • Vanguard's funds have outperformed peer averages over a 10-year period.

What critics are saying

  • Increased competition from AI-driven platforms like Writer challenges Vanguard's advisory services.
  • Integration of Vanilla with eMoney may attract clients away from Vanguard.
  • Vanguard's sector-specific investments may face risks if industries experience downturns.

What makes Vanguard unique

  • Vanguard is client-owned, aligning its interests with investors, unlike traditional firms.
  • It offers low-cost investment products, making it attractive to cost-conscious investors.
  • Vanguard's ownership structure focuses on serving investors, not external shareholders.

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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

INACTIVE