Business Controls Oversight – RCSA, Senior Specialist

Vanguard Job Opportunity

The RCSA senior specialist plays a critical role in strengthening the company's risk framework by designing, implementing, and executing the Risk and Control Self Assessment process across the Personal Wealth division. This role ensures the division proactively identifies, assesses, and mitigates risks plus maintains effective internal controls.

Job description

Benefits and rewards

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.

• About Vanguard

• At Vanguard, we don't just have a mission—we're on a mission.

• To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.

• 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.

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• Our commitment to you

• Vanguard takes the same long-term view of your success—at work and in life—with Benefits and Rewards packages that reflect what you care about, throughout all the phases and stages of your life.

• Financial wellness

• We're committed to enabling your financial success and provide competitive offers and programs.

• Physical wellness

• We're committed to providing benefits that support your physical health and wellness.

• Personal wellness

• We're committed to providing resources that help support the full scope of your life.

• Learn more about our complete benefits and rewards package

• 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.

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