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JobsVanguard

Senior Director, Rate Strategy & Bank Network Management

Vanguard

Senior Director, Rate Strategy & Bank Network Management

Vanguard

Charlotte, NC; Malvern, PA; Scottsdale, AZ

·

On-site

·

Full-time

·

2w ago

Benefits & Perks

Flexible Hours

Flexible Hours

Required Skills

Strategic Pricing

Financial Services

Leadership

Vendor Management

Regulatory Compliance

Role Summary

We are seeking a visionary and enterprise-minded leader to shape the future of Vanguard's critical and growing Cash and Savings business. This role will serve as the senior leader for rate strategy and bank network management -ensuring our offerings are competitive, enduring , and aligned with our mission to be the most trusted destination for clients' cash.

As a senior leader, you will influence cross-functional decision-making, drive enterprise alignment, and lead a high-impact team responsible for setting and managing our Cash & Savings pricing strategy and bank partnerships . You will be instrumental in scaling our capabilities and delivering outcomes that extend the Vanguard Effect across the full client portfolio.

Key Responsibilities:

  • Strategic Leadership & Vision

  • Define and champion the long-term strategy for rate and bank network management across the Cash & Savings portfolio.

  • Serve as a thought partner to senior leaders in Finance, Risk, Legal, and Vanguard Client Segments to align pricing and capacity decisions with enterprise goals.

  • Lead strategic planning and transformation initiatives that position Vanguard as a market leader in cash solutions.

  • Rate Strategy & Pricing Governance

  • Architect rate structures that drive client value, competitive differentiation, and financial sustainability. Explore new and innovative pricing strategies.

  • Lead pricing forums and governance routines to ensure transparency, agility, and alignment across segments.

  • Monitor macroeconomic trends, competitor movements, and client behaviors to inform strategic pivots and day to day pricing execution decisions.

  • Bank Network Optimization

  • Oversee the design and evolution of Vanguard's program bank network, including dual supplier resiliency, capacity planning, and onboarding strategy.

  • Negotiate and manage strategic Rate & Pricing partnerships.

  • Ensure operational excellence and risk-smart execution across bank-related Rate & Pricing processes.

  • Enterprise Influence & Enablement

  • Represent Cash & Savings in enterprise forums, steering committees, and strategic reviews.

  • Collaborate with enablement teams to ensure scalable delivery, crew readiness, and client experience alignment.

  • Drive cross-functional integration with Advice & Wealth Management Segments, Workplace, Personal Investor, and Institutional teams.

Qualifications:

  • Minimum of 10 years' experience in financial services managing a strategic pricing function, ideally with direct accountability for setting deposit or deposit-like rates.
  • Undergraduate degree or equivalent combination of training and experience. Graduate degree or PhD preferred.
  • Proven track record of leading enterprise-level initiatives and influencing senior stakeholders.
  • Deep understanding of banking infrastructure, vendor management, and deposit products.
  • Exceptional strategic thinking, communication, and leadership skills.
  • Experience with governance frameworks, regulatory compliance, and financial forecasting.

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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About Vanguard

Vanguard

A client-owned investment company that offers low-cost mutual funds, ETFs, advice, and related services to institutional and individual investors, and financial professionals.

10,001+

Employees

Kelayres

Headquarters

Reviews

3.4

3 reviews

Work Life Balance

2.5

Compensation

3.2

Culture

2.8

Career

3.5

Management

3.0

45%

Recommend to a Friend

Pros

Competitive compensation package with bonuses

Good foundation for career development

Interesting programs aligned with education

Cons

Long commute requirements (2.5 hours)

Mandatory on-site presence multiple days

Pay below industry standards

Salary Ranges

1,532 data points

Junior/L3

Mid/L4

Senior/L5

Junior/L3 · Processing Associate

135 reports

$57,471

total / year

Base

$53,433

Stock

-

Bonus

$4,038

$45,260

$73,912

Interview Experience

3 interviews

Difficulty

3.0

/ 5

Duration

14-28 weeks

Interview Process

1

Application Review

2

Recruiter/HR Phone Screen

3

Technical/Case Study Round

4

Final Round Interview

5

Offer

Common Questions

Behavioral/STAR

Technical Knowledge

Case Study

Past Experience

Culture Fit