Senior Manager, Divisional Risk (Remote)
About the position 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. 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.
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.
- Designs, implements, and leads the divisional risk management program. Provides divisional oversight to the enterprise and partners based on the operational and strategic risk framework. Maintains strong relationships with key stakeholders of aligned division. Responsible for implementing a strong risk culture across division.
- Partners with key stakeholders to establish and implement risk and control management standards within the division's processes, based on the divisional risk profile and enterprise and divisional policies. Provides vision and leadership regarding existing and emerging risks, in alignment with strategic priorities. Effectively communicates strategies and plans to all appropriate parties.
- Ensures that the division has an appropriate level of review and key controls, and that key controls are designed and operating effectively in accordance with established standards.
- Provides consultation and analytical support to key stakeholders as needed, and ensures internal controls are properly implemented without compromising client service.
- Partners with the division's leadership team to ensure business risk and control decisions are made during the design and development of technology and service or operating model changes. Proactively raises and executes plans to address key issues.
- Develops, maintains, and evolves a comprehensive program for monitoring and analyzing controls. Establishes metrics, dashboards, and reports that are distributed regularly and can be used to identify potential control opportunities, as well as monitor the effectiveness of the controls in place. Reports to department leadership on controls across the department.
- Ensures readiness for regulatory inspections and examinations. Addresses gaps both pro-actively and reactively. Evaluates and recommends change, as needed, and in coordination with key business partners.
- Develops and maintains in-depth knowledge and awareness of the investment industry, risk management practices, and regulatory and/or policy changes. Serves as a subject matter expert on risk management discussions. Takes an active role in industry forums and remains current on issues and regulatory events affecting the division, firm, and industry.
- Participates in special projects and performs other duties as assigned.
Requirements
- Minimum of eight years related work experience, with 5 years risk management experience.
- Undergraduate degree or equivalent combination of training and experience.
Nice-to-haves
- Graduate degree preferred.
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