Senior Counsel, Cash Management Products

To support our evolving service offerings, Vanguard is seeking a skilled and collaborative lawyer to support our growing Cash Management business, which provides secure and flexible cash management solutions to clients. This role blends regulatory, transactional and strategic advisory work. The ideal candidate will have expertise and knowledge in financial markets and broker-dealer products and services, along with brokerage and banking regulations and Nacha operating rules.

Responsibilities:

• Provide legal and regulatory advice related to all aspects of the Cash Management business, including strategy, sales, marketing, operations and risk management.
• Advise on FINRA, SEC and related banking regulations with a solutions-oriented mindset on product development, such as pricing, rate strategy, client segmentation, bill pay and debit and credit cards.
• Draft and maintain client account agreements, related vendor and servicing agreements and regulatory disclosures.
• Develop and maintain relationships with key stakeholders to ensure a thorough understanding of business needs and objectives.
• Support client-related issues, including complaints and fraud-related events; support regulatory exams, inquiries and actions.
• Collaborate with Compliance, Risk, Audit and other shared service functions, to evaluate and establish appropriate governance and oversight; ensure appropriate policies, procedures and supervisory framework.
• Monitors, analyzes, and responds to legislative and regulatory developments related to brokerage and cash management activities and investment products.

• Bachelor's degree and J.D. from an accredited law school
• Minimum 4 years of related experience required
• Knowledge of broker-dealer and banking regulations
• Experience and comfort in dealing with ambiguity and working in a fast-paced environment, while independently juggling multiple initiatives
• Excellent interpersonal, oral and written communication skills with ability to communicate effectively
• Applies a partnership-focused philosophy to accomplishing objectives