Product Compliance Manager

About Vanguard 

More than 45 years ago, John C. Bogle had a vision to start an investment company that did things differently. A company with no external shareholders. Where all the profits were invested back into the business and used to lower costs. Evidently, it was as bold as it was brilliant. To this day, Vanguard Group still has no external shareholders. That means no share prices to protect, and no profits to generate for outside owners.  

Today, Vanguard is one of the world’s largest investment management companies, serving more than 50 million investors worldwide. For more than 30 years Vanguard Australia has been supporting individual investors, financial advisers, and superannuation members to achieve their long-term financial goals.  

Job Description 

• Provide advice & challenge by assessing the regulatory requirements for responsible business lines and suggesting courses of action for business leads to make informed decisions. Provide compliance advice & challenge on the sufficiency of documented controls. 

• Provide advice and support to Product and ETF Capital Markets functions in relation to product disclosures including target marketing determinations. 

• Advise and support the establishment of strategic partnerships and design/implement commensurate compliance program. 

• Assist with complex breach assessment and advise on remediation approach. 

• Support and advise on ongoing fund monitoring. 

• Identifying and delivery on compliance training needs for functions this includes maintenance of online compliance training material. 

• Participates in special projects and performs other duties as assigned. 

Compliance Policies and Procedures 

• Lead the review and maintenance of the Compliance Plan for Vanguard’s managed investment schemes. 

• Design and maintain policies and procedures to address identified Compliance risks and fulfill compliance obligations that can be easily used by functions to deliver compliant outcomes. 

Compliance Management Practices 

• Assisting with assessment of complex incidents and breaches and supporting the business define resolution and remediation activities. 

• The Product Compliance Manager will also collate information required, and work in collaboration with the Compliance Reporting Team, to prepare Compliance reports and attend various steering committees & management meetings. They will be accountable for the reporting on a timely basis of any significant compliance issues and internal compliance initiatives. 

• Communicate new regulatory developments and requirements. Effect timely changes to policies processes and training to take account of regulatory changes. 

Qualifications and Experience 

• Minimum of 8 years related work experience, with at least 5 years within the financial services industry in a product management or Compliance function. 

• Must have knowledge of responsible entity, managed investment schemes and/or ETF compliance obligations. 

• Demonstrated experience and ability to build strong relationships with stakeholders. 

• Undergraduate degree or equivalent required. 

Inclusion Statement 

Vanguard’s continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: “Do the right thing.” 

We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard’s core purpose through our values. 

When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard’s core purpose. 

Our core purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.