Reward Governance Lead

at  Vanguard

More than 45 years ago, John C. Bogle had a vision to start an investment company that did things differently. A company with no external shareholders. Where all the profits were invested back into the business and used to lower costs. Evidently, it was as bold as it was brilliant. To this day, Vanguard Group still has no external shareholders. That means no share prices to protect, and no profits to generate for outside owners.
Today, Vanguard is one of the world’s largest investment management companies, serving more than 50 million investors worldwide. For more than 25 years Vanguard Australia has been supporting individual investors, financial advisers, and superannuation members to achieve their long-term financial goals.

QUALIFICATIONS & SPECIALISATIONS THAT WILL MAKE AN IMPACT

• Subject matter expertise in remuneration and benefits including broad knowledge of market trends, regulatory changes and best practices.
• Experience in managing reward projects, with the ability to build consensus and manage expectations across a range of stakeholders, coordinate multiple work streams or tasks, and prioritise work.
• Strong understanding of the remuneration regulatory requirements within financial services organisations, specifically the Financial Accountability Regime and CPS511
• Advanced data analytical capability, with the ability to identify trends and present insights to a range of audiences
• Excellent communication skills, with the ability to communicate complex topics and prepare reports/presentations that are tailored to various audiences
• Understanding of the operation of a Board/Remuneration Committee with experience drafting Board papers
• Strong stakeholder management skills with the ability to work within a global, matrixed organisation
• Undergraduate degree or equivalent combination of training and experience

• Plan and support the delivery of reward regulatory and governance-related projects, including the implementation of the remuneration workstream for the Financial Accountability Regime and ongoing compliance with CPS511 requirements.
• Provide robust support to Vanguard Super’s Remuneration Committee, Board, and Vanguard Investments Australia Board through writing papers, timely and accurate reporting, disclosures, and development and management of the Remuneration Committee work plan to ensure all regulatory requirements are met and managed within the required timeframes.
• Take ownership of the Vanguard Australia HR team complying with its obligations to provide agreed services to the Vanguard Super entity, including the Health, Safety and Wellbeing Committee and relevant Audit & Risk Committee reporting
• Lead the delivery of internal and external regulatory reporting, such as the annual WGEA submission, annual remuneration disclosures and Board reporting, undertaking analysis and providing insights senior leaders to support decision-making.
• Build and maintain a deep understanding of industry compensation and benefit practices. Advise and consult with key stakeholders on regulatory changes or industry forces that affect the compliance or competitiveness of compensation and benefits programs offered by Vanguard.
• Support the delivery of BAU and cyclical compensation processes, such as benchmarking and the annual bonus and merit adjustment process.
• Act as a subject matter expert to guide and support crew and leaders to improve their total rewards acumen. Provide total reward expertise to align the pay and reward programs, policies and procedures with organisational priorities.
• Own the HR Policy program of work, ensuring we meet best practice and comply with relevant regulatory and statutory requirements.