Director, Internal Audit Investment Operations

14 Sep 2019
18 Sep 2019
Job role
Contract type
Full time
Vanguard seeks a Director of Investment Operations Audit to help identify and manage risk to its business and investors. As a direct report to the Global Head of Investment and Financial Operations Audit, you will lead a team of 6–7 individuals with 8–15 years of experience, dedicated to Investment Operations. In addition to mentoring and leading the team, you will be responsible for setting the audit plan and strategy for the Internal Audit department's global audit coverage of securities and fund operations supporting Vanguard's investment products, maintaining primary relationships with divisional leadership and risk partners, have ultimate responsibility for all engagements, and will impact the future shape of the audit organization.

Currently, the 800–person Investments Operations team is located across the US (Malvern, PA; and Scottsdale, AZ), and internationally (London, UK; and Melbourne, AUS). With the investment and fund operations organization undergoing a multi–year transformation, the Director of Investment Operations Audit will be expected to effectively liaise with the transformation project team (includes CFO of Funds, Treasurer of Funds, Chief Accounting Officer and other Finance executives) to help them understand risk and control implications and propose solutions to potential business risk challenges. You will bring a consultative approach and solutions mindset to this role as it relates to this transformation.

You will demonstrate leadership and people development competencies, professional curiosity, have a continuous improvement mindset, possess the desire and aptitude to question the status quo and drive innovation and exemplify the highest degree of credibility and integrity.

In this role you will:

* Manages and develops staff. Provides guidance, training and motivation to establish and maintain an effective, engaged and talented team.
* Actively attracts, develops and retains a talented, diverse team of professionals. Sets high performance standards and guides crew to maximize their potential as specialists or leaders.
* Leads a direct–report and matrixed team to effectively communicate, manage relationships and provide global audit coverage.
* Develops the annual audit plan to achieve departmental and corporate objectives. Works closely with management to align audit plans with business risks and objectives.
* Demonstrates initiative and creativity in independently recommending and implementing solutions. Formulates concepts and guides others to solutions using analytical, persuasion, and influencing skills.
* Actively fosters a collaborative environment within the Internal Audit Department, and with business partners. Works closely with management and risk partners to assist in developing risk mitigation strategies.
* Approves the audit approach for each audit; reviews and distributes audit reports and other communications to management. Assists the Audit Director in preparing communications to the audit committee.
* Establishes and maintains effective working relationships with unit, department and division management, as well as PricewaterhouseCoopers.
* Ensures operational efficiency and effectiveness within the unit. Sets measurable goals and examines ways to raise standards, to increase quality and to improve overall performance of the unit.
* Accepts overall responsibility for the team's progress and measures success in completing the annual audit plan for the division, and in meeting departmental objectives.
* Manages multiple projects, both Departmental and Divisional, and performs other related duties as assigned.

What it takes:

* Bachelor's Degree in Accounting, Finance, MIS, Engineering, Information Security, Computer Science, or a related discipline with strong academic credentials. Professional certification (e.g., CPA, CISA, MBA) is a plus.
* Minimum of 12 years of relevant experience (including at least three years in a people leadership role).
* Experience with project management, internal or external audit, consulting or other risk and controls. Experience in asset management, investments and retirement products and services.
* Extensive experience in serving management/executive level clients in a risk, control or other project capacity.
* Demonstrated ability to work in a complex, dynamic, and fast–paced environment with strong inherent project execution skills, including: prioritizing tasks, balancing workload between multiple projects, anticipating next steps, adapting to changing situations and project scope.
* Strong interpersonal skills, including: written and verbal communications, willingness to assist in areas outside of direct assignments when necessary, and commitment to self–improvement and completion of team objectives.
* Exposure to consulting, internal audit, compliance or other internal control functions is a plus.

Special Factors

Vanguard is not offering visa sponsorship for this position.

About Vanguard

We are Vanguard. Together, we're changing the way the world invests.

For us, investing doesn't just end in value. It starts with values. Because when you invest with courage, when you invest with clarity, and when you invest with care, you can get so much more in return. We invest with purpose – and that's how we've become a global market leader. Here, we grow by doing the right thing for the people we serve. And so can you.

We want to make success accessible to everyone. This is our opportunity. Let's make it count.

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.