Business Controls Oversight - RCSA, Senior Specialist

Vanguard Group, Inc.

• $110K — $130K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Minimum of eight years of relevant experience in risk management or compliance.
  • Undergraduate degree required; graduate degree preferred.
  • Strong understanding of regulatory requirements in the financial sector.
  • Proven ability to develop and implement control frameworks.
  • Experience facilitating workshops and engaging with senior stakeholders.

Responsibilities

  • Develop and execute the RCSA lifecycle for the Personal Wealth division.
  • Facilitate workshops to identify and assess various inherent and residual risks.
  • Evaluate the adequacy of internal controls through structured workshops.
  • Prepare high-quality RCSA summaries and dashboards for senior committees.
  • Act as a trusted advisor to business leaders and compliance teams.
  • Influence control strategy by identifying gaps and proposing solutions.
  • Build strong relationships across business and risk functions.

Benefits

  • Comprehensive health and wellness programs.
  • Retirement savings plan with company match.
  • Professional development and training opportunities.
  • Flexible work arrangements and work-life balance initiatives.
  • Employee assistance programs and mental health resources.
Full Job Description

Specific responsibilities

  • RCSA Program Development and Execution
    • Develop and execute the end‑to‑end RCSA lifecycle for the Personal Wealth division
    • Ensure RCSA activities align with enterprise risk policies and financial‑sector regulatory guidance
    • Establish standardized methodologies and ensure consistent adoption across first‑line teams.
  • Risk Identification & Assessment
    • Facilitates workshops with business leaders to identify and assess inherent and residual risks such as fraud, cyber risk, AML/OFAC, conduct risk, model risk, privacy, and third‑party risk.
    • Ensure all risks and controls are accurately mapped to key processes.
  • Control Evaluation & Assurance
    • Develop and manage workshops to evaluate the adequacy of internal controls supporting operations, regulatory reporting, customer interactions, and transactional processes.
  • Reporting & Governance
    • Prepare high‑quality RCSA summaries, dashboards, control performance metrics, and risk profiles for senior risk committees, business executives, and regulators.
    • Provide meaningful insights and trends related to emerging risks, control weaknesses, or concentration areas across business units.
    • Support governance activities such as risk committee meetings, compliance reviews, and exam preparation.
  • Stakeholder Engagement
    • Act as a trusted advisor to business leaders, risk partners, compliance, internal audit, and issue management teams.
    • Educate front‑line and control owners on RCSA requirements, regulatory expectations, and operational risk best practices.
    • Build strong relationships across first‑line and second‑line functions to ensure a culture of risk awareness and accountability.

Core Responsibilities
1. Leads enterprise-level control initiatives across multiple business lines. Designs and implements scalable control frameworks that ensure compliance with regulatory requirements and internal policies.
2. Provides strategic guidance on risk identification, measurement, and mitigation. Develops and refines control management programs that align with enterprise risk tolerance and business objectives.
3. Influences divisional and enterprise-wide control strategy by identifying gaps, proposing solutions, and driving continuous improvement initiatives. Ensures alignment with industry standards and evolving regulatory expectations.
4. Builds and maintains strategic partnerships with senior stakeholders across business, risk, compliance, and audit functions. Facilitates cross-functional collaboration to ensure consistency and effectiveness of control activities.
5. Serves as a subject matter expert in business controls and operational risk. Provides mentorship and thought leadership to peers and junior specialists. Represents the function in enterprise forums and regulatory discussions as needed.
6. Maintains deep knowledge of Vanguard’s business operations, regulatory landscape, and industry trends. Applies this knowledge to anticipate risks and proactively shape control strategies.
7. Participates in special projects and performs other duties as assigned.

Qualifications

  • Minimum of eight years related work experience.
  • Undergraduate degree or equivalent combination of training and experience. Graduate degree preferred.

Special Factors

Sponsorship

Vanguard is not offering visa sponsorship for this position.

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