Internal Audit Senior Regulatory Engagement Manager

13 Oct 2019
20 Oct 2019
Job role
Contract type
Full time
Experience level
Within Vanguard, Internal Audit is recognized as a critical line of defense. The team is comprised of hard–working, highly motivated, and technically skilled professionals focused on delivering high–quality work in a dynamic environment. The team also promotes a flexible and well–balanced work environment.

Senior Audit Engagement Managers play a significant role in the development and execution of the audit plan. Critical capabilities for this role include professional curiosity, continuous improvement and growth mindset, verbal and written communication skills, and the highest degree of trust and integrity. The Internal Audit department is comprised of multiple teams focusing on Vanguard's client facing businesses, global fund and investment services, international businesses, corporate services and information technology environment.

This role will work primarily within the US Audit Services Team serving as a regulatory subject matter specialist for our US facing businesses. There will be opportunity for this role to have broader impact to the Internal Audit department over time and contribute to risk and regulatory coverage needs across the global audit universe. The regulatory knowledge required for the role includes key provisions and guidelines established by regulators such as the SEC, FINRA, IRS, DOL and OCC. The candidate will be expected to execute and lead projects and audits across the US client facing business, as well as serve as advisor to audit teams and business partners on risk and regulatory matters.

In this role you will:

* Serves as audit manager, advisor and subject matter specialist to the US audit group regarding regulatory risks within business operations. There will be a need to evaluate US and international regulatory considerations. Applies a significant depth of expertise in regulatory risk and control related matters to enable audit teams and ensure risk is properly evaluated in audit work. Leverages technical business expertise to influence appropriate audit coverage across investment products and operations, including broker–dealer, transfer agent, investment advisor and retirement services.
* Oversees a subset of the audit plan and senior business leader relationships.
* Manages, plans and executes the audit activities for the business areas assigned. Develops the audit strategy for specific audits that include clearly defined identification of risks, control objectives, and audit approach. Directs and/or prepares detailed audit activities to accomplish the audit strategy.
* Consults with and enables audit teams by informing and influencing their assessment of regulatory risks related multiple areas under audit.
* Serves in an advisory capacity in support of enterprise–wide initiatives related to new business ventures and technologies.
* Leads discussions and consults with audit, business and technology leaders to assess risk and plan audit coverage, including key regulatory risks. Applies judgment when building the plan based on risk tolerance. Works well across all levels of the organization.. Demonstrates initiative and creativity in identifying and driving solutions.
* Partners effectively with the other lines of defense (including Legal, Compliance and Risk). Monitors regulatory developments and discerns what implications, if any, are relevant to the US businesses. Facilitates discussions with colleagues for potential global implications.
* Performs legal and compliance research to understand regulatory risk associated with new business activities, technologies, data, associated risks, and the application to Vanguard's business and technology environment.
* Evaluates audit results ensuring the quality of the audit activities and the audit requirements are met in adherence to the professional standards of internal auditors and in keeping with our position as the independent third line of defense for the organization. Ensures audit deliverables are accurate, complete, and addresses key risks.
* Participates in special projects and performs other duties as assigned.

What it takes:

* Undergraduate degree or equivalent combination of training and experience. CPA, CIA, CFA, JD, MLS or MBA also preferred as related to one's area of expertise.
* Eight to ten years of experience in the audit, legal and/or regulatory compliance profession required; five years of project management experience with experience in shaping / implementing future strategies preferred.
* Excellent leadership, interpersonal, verbal and written communication, presentation, and problem solving skills.
* Ability to lead and motivate others.
* Experience in situations requiring diplomacy and negotiation.
* Strong client focus and relationship skills.
* Advance organization integration.

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.

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