Overview

Position Title: Program Lead

Company: Vanguad

Location: Bristol, Uk

Job Description:

This role provides oversight and guidance over the distribution activities carried out by Vanguard’s UK & European businesses, ensuring they operate within the regulations.

This role provides oversight and guidance over the distribution activities carried out by Vanguard’s UK & European businesses, ensuring they operate within the regulations. In addition, this role provides support to the DP for the Distribution Managerial Function (PCF 39) and ultimately the Head of Distribution in his/her discharge of responsibilities.

Responsibilities: 

  • Evolves and develops a strong governance and oversight framework that captures all regulatory responsibilities of the Distribution business across both the UK and Europe.
  • Provides comprehensive oversight and guidance in respect of the distribution activities carried out by the European branches and will ensure that the branch operates within its regulatory permissions.
  • Works closely with key business areas to achieve compliance including (but not limited to) – crew induction and ongoing compliance training, management support and guidance on regulatory requirements, a risk and complaints management process, marketing and sales activities, roles and responsibilities for local market compliance, sample monitoring of activities and recordkeeping and a feedback process.
  • Undertakes measurement and reporting to demonstrate branch compliance and risk management. Works to support remediation activity for identified oversight development needs, open audit items and risk mitigation.
  • Builds and maintains productive working relationships with various branch and London based team members and other stakeholders both at the executive and operational level. Ensures buy-in from crew and leadership.
  • Ensures compliance with the obligations and responsibilities assigned to the Designated Person for Distribution as outlined in the Central Bank of Ireland’s Fund Management Company Guidance (CP86) and the Program of Activity.
  • Ensure Service Level Agreements (“SLAs”), as required are maintained with main delegates and reviewed and updated on a periodic basis. Monitor the performance of the main delegates in line with the SLAs in place
  • Oversee the distributor oversight framework for Vanguard Funds to include oversight of initial and ongoing due diligence of distributors (and any sub delegations thereafter).
  • Oversee arrangements with introducers, intermediaries, platforms and other such relationships
  • Provide constructive challenge to all delegates whilst working collaboratively and proactively with Vanguard colleagues in overall risk management in seeking to identify and mitigate risks.
  • Provide reporting (periodic and escalation, as required) to Board and executive forums.
  • Ad hoc projects as required to enhance the overall distribution framework and other initiatives.

Reqirements:

  • Competent skills with Microsoft office
  • An understanding of risk concepts; control standards; and issues management
  • Detailed understanding of the importance of governance materials and how it impacts decision-making.
  • Detailed understanding of how to write effective papers for executives, committees and Boards.
    Proficient in stakeholder management and an excellent team player
  • Proven exposure to and experience of governance and managing committees and Boards at a large firm with extensive reporting obligations.
  • Strong organisation and time-keeping skills.
  • Detailed understanding of how governance frameworks and committee structures operate in a global firm.
  • An understanding of how regulatory requirements work and how regulatory supervision works in the UK and the EU.
  • Good communication skills including articulation of complicated subjects.

About Vanguad

Since our founding in 1975, helping investors achieve their goals has been our main reason for existence. At Vanguard, we’re built differently. Vanguard is investor-owned, meaning the fund shareholders own the funds, which in turn own Vanguard. When you’re surrounded by people who care about the same things, things tend to fall into place.