Leads the prudential and risk reporting function for the division to ensure all risk matters are assessed and reporting through governance committees and Boards. Provides ongoing risk management consultation and support to divisional teams to develop and implement effective divisional controls and oversight. As the Head of Prudential Risk & Reporting, Europe you will be responsible for the business’s key risk management regulatory requirements including ICARA, Risk Appetite and risk reporting to the European Risk and Compliance Committee (ERCC) and legal entity Board Risk Committees. You will work closely with the European Risk Business Partners to ensure prudential assessments and governance reporting is timely, accurate and insightful. You will report into the Head of Enterprise Risk Management, Europe and work closely with Senior Leaders across the business to facilitate delivery of risk reporting to inform key management decisions. There will also be opportunity to work on initiatives such as emerging and strategic risk, climate risk and regulatory change programmes. Duties and Responsibilities Own the ICARA Policy, Framework and annual report delivery, working closely with Finance and Risk Partners to ensure a wholistic ICARA governance process is conducted and documented each year. Own the ICARA Operational Risk Model (LCP) including model risk policy and documentation. Ensure periodic evaluation is undertaken and any identified issues are addresses. Deliver the ICARA document and presentation to the UK Board for approval annually. Interact with the regulator (FCA) during bi-annual SREP reviews, ensure transparency of the information shared with the regulator, ensuring any feedback from the regulatory is addresses in a timely fashion and the ICARA process continues to develop year-on-year. Own delivery of the Risk Appetite Statements and Framework for Europe, working closely with the European Leadership Team (ELT) and Board Directors to ensure appetite is set at an appropriate level, and regularly reviewed (at least annually). Work with Risk Business Partners to identify any risks trending “out of appetite” and include in reporting to ERCC and Board Risk committees on a quarterly basis. Work with Risk Business Partners to ensure any “out of appetite” risks have an agreed owner, action plan and target “return to appetite” date. Own the delivery of risk management reporting to ERCC and Board Risk Committees for VAM and VIUK on a quarterly basis, ensuring reporting is timely, accurate, complete and concise. Work with Vanguard Europe Company’s Secretary to provide any additional ad-hoc materials or address any feedback received from Senior Leaders or UK Directors. Partner with Heads of Risk for Ireland and Germany to ensure consistency in governance reporting across Europe. Provide a first point of contact for Compliance on UK regulatory changes impacting risk management (eg IFPR). Support the further development of a strategic, emerging and climate risk capabilities for Europe. Provide support, guidance and training to any Crew managed or mentored. Qualifications and Experience Possess knowledge and awareness of the investment industry, risk management practices, and regulatory and/or policy changes. Track record of timely delivery of complex work product such as the annual ICARA governance process and Board documentation. Managerial experience with a track record of inclusive, inspirational leadership. Be inquisitive and questioning of the status quo to ensure we always strive to provide clients with the best outcome. In-depth knowledge of UK and European risk and regulatory law. 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.