Senior Compliance Advisor - Investment Management Group

Vanguard’s purpose is to take a stand for all investors, to treat them fairly and to give them the best chance of investment success. With a rapidly growing business in Europe, we are seeking a proactive, commercially minded, experienced Compliance professional to partner with Vanguard’s Investment Management Group (IMG), with a primary focus on fixed income expertise.

IMG is responsible for portfolio management and trading across a number of asset types including Equity, Fixed Income, and FX. Our Fixed Income Team capabilities span both active and index funds, covering the entire fixed income universe from government securities to corporate bonds across developed and emerging markets, including money market funds.

We’re expanding across Europe and seeking a Compliance Specialist to join our Investment Management Compliance Advisory team. In this role, you’ll provide clear, proactive guidance on regulatory and governance matters impacting Vanguard’s investment management activities.

Reporting to the Head of Investments and Product Compliance, you’ll work closely with the London‑based IMG team and collaborate with colleagues across the US, Australia, and other Compliance functions. As part of the second line of defence, you’ll act as a trusted adviser on key investment‑related regulations, including best execution, allocations, derivatives, trade and transaction reporting, investment restrictions, and UCITS/ETF requirements.

In this role you will:

• Provide the Investment Management business with guidance and advice on investment-related regulations impacting trading and portfolio management activities, with specific focus on Fixed Income active and indexing desks.
• Advise on and oversee new business initiatives from a Compliance perspective.
• Provide Compliance participation in Compliance or business-driven projects, including regulatory developments and strategic initiatives.
• Advise on and interpreting regulation on Vanguard global and local policies in relation to investment decisions, issues and potential breaches.
• Liaise with other IMG Compliance Advisory teams based in Malvern, U.S. and Melbourne, Australia on global issues.
• Build and maintain stakeholder relationships with IMG, the risk team (RMG), other members of the Office of the General Counsel (Compliance, Legal, Investment Stewardship and Government Relations) and other teams supporting the operations of Vanguard’s funds.
• Provide advice on the anticipation, impact assessment and response to regulatory developments.
• Design and deliver effective regulatory training initiatives to the business.
• Maintain a deep knowledge and awareness of the investment industry. Stay abreast of current market, regulatory and industry relevant news.
• Contribute to the creation of management reporting and communication on Compliance matters to senior management, business stakeholders, Boards and governance bodies such as Oversight Committees.

Our ideal candidate will have previous experience working within a leading investment manager and will have a track record of providing commercial and value-adding regulatory advice, in collaboration with the Investment team, Risk and Legal colleagues as required.

You will need:

• Proven significant experience within an asset management compliance function, with a preference for Fixed Income desk coverage.
• Strong knowledge of UCITS products and EU / UK MiFID investment regulations.
• Ability to develop a broad understanding of Vanguard’s business and the investment industry (including understanding of ETF funds).
• Detailed knowledge and understanding of trading fixed income instruments and broader understanding of variety of asset types.
• Positive relationship management skills, including the ability to interact with junior and senior stakeholders both internally and externally.
• Proven ability to function in a fast-paced environment while managing multiple and diverse responsibilities and keeping to deadlines.
• Excellent judgment and decision-making skills; ability to analyse and respond to issues.

Special Factors:

• Vanguard is not offering sponsorship for this position.
• This is a hybrid position and would require you to work in the office 3 days per week (Tuesday, Wednesday & Thursday).
• This role encompasses activities that fall within the remit of UK Financial Conduct Authority (‘FCA’) regulation. The successful candidate will therefore be subject to UK regulatory requirements in relation to conduct rules, regulatory references and the assessment of fitness and propriety, knowledge, experience and competence. Where appropriate, the role may also be subject to approval by the UK FCA.

Vanguard is a different kind of investment company. It was founded in the United States in 1975 on a simple but revolutionary idea: that an investment company should manage its funds solely in the interests of its clients. This is a philosophy that has helped millions of people around the world to achieve their goals with low-cost, uncomplicated investments.

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.

Vanguard is an equal opportunity employer. Vanguard is committed to providing all crew members a working environment that is free from discrimination, prejudice and bias.

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection.