Business Risk & Governance, Specialist at Vanguard in Malvern, AR

Business Risk & Governance, Specialist Location: Malvern, PA The Business Risk & Governance Specialist is an individual contributor supporting business risk and governance activities within the Vendor Management Office of the Investment Management Group. The initial focus of the role is third party and vendor related business risk, working closely with investment, product, and operations teams to ensure key processes are well controlled, efficient, and resilient. As business evolves, the role may gradually expand to support additional business risk and governance activities across the department. This is a hands-on role suited for someone who enjoys applying governance frameworks directly to real business processes and improving how work gets done day to day. Business Risk & Controls Development Design, evaluate, and enhance risk and control frameworks by grounding them in actual business processes rather than static policy interpretation. Assess the design effectiveness of controls—not just operating effectiveness—and recommend pragmatic enhancements aligned to business realities. Identify gaps where existing policies or frameworks do not adequately address risk and propose fit‑for‑purpose solutions. Third‑Party & Vendor Risk Serve as the primary point of execution and design for third‑party and vendor risk activities, including onboarding, ongoing monitoring, and issue remediation. Move beyond checklist‑based compliance by shaping how third‑party risk requirements are implemented, scaled, and sustained within the business. Partner with stakeholders to embed vendor risk considerations into existing workflows rather than introducing parallel or duplicative processes. Business Partnership & Translation Operate as a trusted advisor within the business, working closely with front office, product, and operations teams. Provide governance and risk input early during new vendor engagements, change initiatives, and process redesigns Operational Governance & Execution Execute and oversee key operational risk processes, using them as inputs to improve control design: Financial reconciliations License management Usage audits and reporting Issue tracking and remediation MiFID II support Use findings from day‑to‑day operations to inform improvements to governance, documentation, and control structures. Broader Scope & Initiatives Contribute to broader business risk and governance initiatives as scope evolves. Participate in special projects requiring judgment, problem‑solving, and influence. Required Qualifications 5+ years of experience in business risk, operational risk, controls, investment operations, vendor management, or related disciplines Demonstrated experience developing, enhancing, or redesigning controls Experience operating within the business (e.g., investment operations, product, data, or front‑office‑adjacent teams), with exposure to how processes actually function Proven ability to translate business objectives and operating models into risk requirements, controls, and governance expectations Experience working directly with vendors or third parties as part of regular responsibilities Bachelor’s degree or equivalent experience Preferred Qualifications Experience shaping or improving third‑party or vendor risk management frameworks Background in investment management, market data, or financial services operations Comfort influencing stakeholders without formal authority Advanced degree (Master’s) in a relevant discipline This role is part of our hybrid work model with Tuesdays through Thursdays in office and Mondays and Fridays with the option to work remotely, or continue working from our Malvern PA office. 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.