U.S. Anti-Money Laundering Compliance Officer

Vanguard • Malvern, PA

92d • Hybrid

About The Position

Vanguard is seeking a dynamic and experienced leader to join our team as the U.S. AMLCO. This executive role is crucial in safeguarding our organization and clients from financial crimes, including fraud, money laundering, and other illicit activities. The successful candidate will lead a dedicated team, oversee the financial crimes compliance program, and ensure adherence to regulatory requirements. Serves as Chief AML Officer and Bank Secrecy Compliance Officer for the Vanguard Funds and affiliated US entities.

Requirements

• Minimum of 10 years of experience in financial crimes compliance, with at least 5 years in a leadership role.
• Experience in the investment industry is highly preferred.
• Bachelor's degree in finance, law, or a related field.
• Advanced degree or relevant certifications (e.g., CAMS, CFE) are a plus.
• Strong leadership and team management skills.
• Excellent communication and interpersonal abilities.
• Proficiency in data analytics and familiarity with compliance technology solutions.
• In-depth understanding of financial crimes regulations and best practices.
• Ability to navigate complex regulatory environments and provide strategic guidance.

Responsibilities

• Develop and implement the strategic vision for Vanguard's financial crimes compliance program in the U.S.
• Lead and mentor a team of compliance professionals, fostering a culture of excellence, continuous improvement and accountability.
• Oversee the design, implementation, and maintenance of compliance standards, policies, and procedures.
• Supervise operational functions performed by the team.
• Ensure the program is robust and responsive to emerging risks and regulatory changes.
• Handle multiple assignments simultaneously from conception through execution and implementation of recommendations.
• Coordinate, prioritize and actively manage tasks as needed to meet deadlines.
• Develop, maintain and broaden effective working relationships across Vanguard and with regulatory agencies.
• Provide guidance and support to and foster lines of communication between, and with, business contacts, Legal and Compliance, Enterprise Risk Management, Internal Audit and global partners.
• Serve as the primary liaison with regulatory bodies regarding Financial Crime compliance, ensuring timely and accurate reporting.
• Maintain strong relationships with regulators and stay abreast of industry developments.
• Conduct comprehensive risk assessments and develop strategies to mitigate potential financial crimes.
• Utilize data analytics to enhance detection scenarios and support investigations.
• Provide ongoing training and development for the financial crimes team and oversee development and implementation of enterprise wide financial crimes training.
• Oversee the preparation and submission of internal and external reports.
• Utilize metrics and analytics to monitor program effectiveness and drive continuous improvement.
• Prepare regulatory reports and applicable management reporting as necessary.
• Identify and track key measures and metrics, and design presentations to facilitate senior management discussions.
• Participate in the development of departmental budget.
• Estimate costs for headcount, staffing issues, current volumes, forecasts for anticipated volumes and related operational expenses to implement annual objectives/performance improvements.
• Ensure the Compliance Department operates within established budgetary guidelines.
• Approve expenses within established limits.
• Participate in special projects and perform other duties as assigned.

Benefits

• Opportunities for professional development and career advancement.
• Join a collaborative and mission-driven team dedicated to excellence.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Industry: Funds, Trusts, and Other Financial Vehicles
• Education Level: Bachelor's degree