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Vanguard · 2 months ago

Cash Product Risk Senior Manager

Charlotte, NC

Full-time

Hybrid

Senior Level, Lead/Staff

8+ years exp

Vanguard is a company focused on the long-term financial wellbeing of its clients. They are seeking a Cash Product Risk Senior Manager to lead risk oversight for their Cash Plus product, ensuring regulatory compliance and operational integrity across broker-dealer cash management functions while collaborating with cross-functional partners.

FinanceFinancial Services

No H1B

Responsibilities

Demonstrate strong understanding of broker-dealer cash management accounts and related regulations (e.g., Reg E, Reg CC, Reg DD, NACHA), payment rails, card operations, and related functions, with the ability to apply regulatory knowledge to product design, risk assessment, and operational controls

Manage staff; develop, mentor, and provide guidance, training, and motivation as necessary. Conduct regular one-on-one and team meetings. Hire, evaluate, and counsel crew. Follow corporate disciplinary procedures per established standards. Set performance standards, review performance, provide feedback, and recommend wage increases in accordance with applicable HR policies

Provide risk guidance, oversight, and assurance services to the enterprise and partners based on the operational and strategic risk framework. Seek ideas and perspectives from across divisions to improve oversight capabilities and maintain strong relationships with key stakeholders

Implement and manage risk and control management standards within divisional processes. Identify and prioritize existing and emerging risks and advise on appropriate control design and testing. Communicate strategies and plans effectively to all relevant parties

Ensure the division has appropriate levels of review and key controls, and verify that controls are designed and operating effectively in accordance with established standards

Provide consultation and analytical support to key stakeholders, ensuring internal controls are properly implemented without compromising client service

Partner with divisional leadership to ensure business risk and control decisions are integrated into the design and development of technology, service, or operating model changes. Proactively raise and execute plans to address key issues

Develop, maintain, and evolve a comprehensive program for monitoring and analyzing controls. Establish metrics, dashboards, and reports to identify control opportunities and monitor effectiveness. Report on control performance to department leadership

Maintain broad knowledge and awareness of the investment industry, risk management practices, and regulatory or policy changes. Serve as a subject matter expert in risk management discussions

Participate in special projects and perform other duties as assigned

Qualification

Broker-dealer cash managementRisk managementRegulatory compliancePayment systemsCard operationsAnalytical supportTeam leadershipCommunication skills

Required

Minimum of eight years related work experience

Undergraduate degree or equivalent combination of training and experience

Deep expertise in broker-dealer cash management accounts, payment systems, card operations, and related regulations (e.g., Reg E, Reg CC, Reg DD, NACHA), with the ability to apply regulatory knowledge to product design, risk assessment, and operational controls

Possess a strong background in risk management, with demonstrated experience identifying, assessing, and mitigating operational and regulatory risks within financial services, particularly in broker-dealer and cash product environments