Hybrid AML/CFT Manager, Operations

at Vanguard

• Job title: AML/CFT Manager, Operations
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Malvern, United States

About the role

• AML/CFT Manager leading a team on anti-money laundering activities at Vanguard. Overseeing compliance, providing guidance, and developing training programs for staff.

Responsibilities

• Leads a team and serves as a technical expert on anti-money laundering.
• Leads the identification and reporting on suspicious client transactions, suspected money laundering activities, and illicit financing.
• Leads client due diligence checks to detect and prevent money laundering.
• Provides oversight and expertise to team regarding anti-money laundering processes and procedures to ensure regulatory compliance and protect shareholder assets.
• 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.
• Oversees a team performing complex analyses and monitoring to detect suspicious client activity and potential money laundering activities.
• Leads and coordinates team efforts to report suspicious activity to governmental agencies.
• Oversees the collection of documentation and research into alleged violations using public records, internet databases, and other sources.
• Performs due diligence measures such as customer identification, bank secrecy and cash reporting requirements, and sanctions screening.
• Resolves complex inquiries and issues related to anti-money laundering.
• Responds to issues escalated by more junior team members.
• Collaborates with internal partners and business leaders to provide advice, guidance, and assistance on anti-money laundering matters.
• Coaches team on responding to unique or complex inquiries.
• Prepares required internal and external reporting in accordance with departmental policies and regulatory guidelines.
• Presents key findings and recommendations to management.
• Works with leaders to identify priorities and determine strategies for AML operations.
• Partners with Financial Crimes leaders to continuously improve the established due diligence framework.
• Leads formal and informal educational activities, including presentations, staff meetings and training programs related to anti-money laundering initiatives and financial crimes prevention.
• Develops and delivers training and education to more junior crew members.
• Maintains a broad knowledge of the investment industry and compliance developments with implications for Vanguard's anti-money laundering program.
• Keeps abreast of the current market, regulatory and industry news.
• Serves as a specialist on compliance related issues.
• Acts as a liaison to regulatory agencies.
• Participates in special projects and performs other duties as assigned.

Requirements

• Minimum of five years related work experience.
• Regulatory, compliance, investment, or auditing experience preferred.
• Supervisory experience preferred.
• Undergraduate degree or equivalent combination of training and experience.

Benefits

• Health insurance
• Retirement plans
• Paid time off
• Flexible working arrangements
• Professional development