Head of Financial Crimes, Europe

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Head of Financial Crimes, Europe

London, Walbrook

Full time

About Vanguard

Vanguard is an investment company unlike any other. It was founded by Jack Bogle in the US in 1975 on a simple but revolutionary idea: that an investment company should manage its funds solely in the interests of its clients. Jack helped bring investing to the masses with the index fund. Index funds do not pick individual shares or bonds to beat the market. They track the performance of the entire market. Or as Jack put it, "Don't look for the needle in the haystack. Just buy the haystack!". We have stood for low-cost, uncomplicated investing ever since. Over the last 45 years people have come round to our way of thinking and more than 30 million investors worldwide now trust us with their money.

Job Description Summary

• Sets the strategic direction for Vanguard's management of Financial Crime compliance in Europe.
• Provides proactive and comprehensive support to business leadership in Europe.
• Drives and communicates an effective risk assessment and management process for all relevant jurisdictions
• Keeps senior management and the Board of Directors regularly and promptly informed of key risks and progress indicators and status towards meeting those indicators; and
• Drives outcomes of key goals and deliverables within ambitious timelines

In return we offer an attractive base salary, annual performance bonus paid in January, Partnership bonus paid in June, and competitive benefits. At Vanguard we work Monday to Friday and our staff in most roles work in the office on Tuesdays, Wednesdays and Thursdays, with Mondays and Fridays working from home. As one of the world's largest asset management firms, Vanguard can offer unrivalled career opportunities in Europe and further afield.

Core 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.
• Acts as a subject matter expert and provides business leaders with compliance advice on issues impacting Vanguard's business activities and investment products. Works with business to ensure that financial crimes risk related to business activities, policies, practices, and products is appropriately managed.
• Provides independent leadership and oversight for team operations related to suspicious activity monitoring and client due diligence program activities.
• Develops, implements, and maintains policies and procedures for the general operation of the financial crimes compliance program and its related activities. Is responsible for the design, implementation, execution, and maintenance of new financial crimes compliance standards.
• Sets metrics to evaluate the effectiveness of the team's activities. Uses leadership capabilities to continuously improve and refine the team's operations and performance to optimize impact dynamically manage evolving risks.
• Leads the preparation and timely submission of required internal and external reporting in accordance with departmental policies and regulatory guidelines.
• Identifies complex, problematic issues and implements corrective action plans for their resolution. 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 and escalates risks related to current market, regulatory and industry developments. Serves as an 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.
• Participates in special projects and performs other duties as assigned.

Qualifications

• Strong related work experience, including Supervisory experience and at least five years of Financial crimes compliance experience.
• Ideally holds an Undergraduate degree with a graduate degree preferred.

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.