As the Head of Vanguard's Distribution & Oversight Compliance function, this role is responsible for supporting oversight programs and institutional distribution compliance activities for Vanguard's 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 Vanguard's products to support distribution in onshore and offshore markets and ensure that Vanguard's communications and marketing activity complies with regulatory requirements. This individual will also lead the teams with primary responsibility for the firm's compliance oversight programs under Rules 38a-1 and 206(4)-7 and the development of the CCO's 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.
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Core Responsibilities:
- Develop deep knowledge of Vanguard's 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 38a-1 and 206(4)-7, including due diligence program to monitor Vanguard's external advisors.
- Provides strategic leadership to a team of compliance professionals. Directs compliance activities, including compliance monitoring, and reporting related to Vanguard's 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 Vanguard's funds and shareholders.
- Develops and enforces applicable compliance frameworks/controls for distribution channels and third-party relationships (e.g., broker-dealers, 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 Vanguard's 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 role-specific duties.
Special Factors
Sponsorship
Vanguard is not offering visa sponsorship for this position.
About Vanguard
At Vanguard, we don't just have a mission-we're 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.
Our commitment to diversity, equity, and inclusion
Vanguard's 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 diverse-one 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 progress-from 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, we're on a mission. We are fueled by the value of diverse voices and connected through friendships and a culture of care-for our clients, our communities, and each other.
Vanguard's 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 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.