Prudential Risk & Reporting Analyst - Europe chez Vanguard

The Role

As the Prudential Risk & Reporting Specialist, you will support the key risk management regulatory requirements of the business including ICARA, Risk Appetite and risk reporting to the European Risk and Compliance Committee (ERCC) and legal entity Board Risk Committees. You will work closely with European Risk Business Partners to ensure prudential assessments and governance reporting is timely, accurate and insightful. You will report into the Head of Prudential Risk and Reporting, Europe and work closely with the European Company Secretarial function to facilitate delivery of risk reporting to governing bodies. The role will also include support for initiatives such as emerging and strategic risk, climate risk assessment and TCFD reporting and regulatory change programs.

In this role you will

• Support the annual update of the ICARA Policy, Framework and report delivery, working closely with Finance and Risk Partners to ensure a wholistic ICARA governance process is conducted and documented each year

• Support the ICARA Operational Risk Model (LCP) including model risk policy and documentation. Ensure periodic evaluation is undertaken and any identified issues are addressed

• Support the development of the ICARA document and training for the UK Board annually

• Support the delivery of the Risk Appetite Statements and Framework for Europe, working closely with risk domain specialists such as IT and Finance to ensure appetite is set at an appropriate level, and regularly reviewed (at least annually)

• Work with Risk Business Partners to identify any risks trending “out of appetite” and include in reporting to ERCC and Board Risk committees on a quarterly basis. Work with Risk Business Partners to ensure any “out of appetite” risks have an agreed owner, action plan and target “return to appetite” date

• Support the delivery of risk management reporting to ERCC and Board Risk Committees for VAM and VIUK on a quarterly basis, ensuring reporting is timely, accurate, complete and concise

• Work with Vanguard Europe Company’s Secretary to provide any additional ad-hoc materials or address any feedback received from Senior Leaders or UK Directors

• Coordinate closely with Heads of Risk for Ireland and Germany to ensure consistency in governance reporting across Europe

• Support the further development of strategic, emerging and climate risk capabilities for Europe

What it takes

• Possess knowledge and awareness of the investment industry, risk management practices, and regulatory and/or policy changes

• Track record of timely delivery of reporting to a high standard (e.g. Board-ready)

• Be inquisitive and questioning of the status quo to ensure we always strive to provide clients with the best outcome

• Knowledge of UK and European risk and regulations beneficial

Special Factors 

• Vanguard is not offering sponsorship for this position

• This is a hybrid position and would require you to work in the office Tuesday-Thursday

Why Vanguard? 

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. 

It's what we stand for: value to investors. 

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: to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.

Our commitment to equal employment opportunity 

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. Through this Equal Employment Opportunity (EEO) Policy, Vanguard reaffirms its commitment to equal employment opportunity for all applicants and crew members without regard to race, color, national origin or ancestry, religion, gender, sex, sexual orientation, gender identity or expression, age, disability, marital status, veteran or military status. In addition, Vanguard prohibits discrimination based on genetic information, as well as any other characteristic protected by federal, state or local law.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on Vanguard. Please inform [email protected] if you need assistance completing this application or to otherwise participate in the application process.

How We Work

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. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.