Compliance Officer or Sr. Compliance Officer - Investments

Utah Retirement Systems•Salt Lake City, UT

17h•Onsite

About The Position

Utah Retirement Systems provides benefits for state and other Utah Public employees through the work of two divisions. The Retirement Office administers pension and retirement benefits. PEHP Health & Benefits specializes in medical, dental, life, and other benefits. We take pride in providing a peace of mind for thousands of Utah families. We are committed to our public mission and maintaining a positive team environment. We offer a competitive salary, and our benefits far exceed what most modern employers offer. This job may be filled at any of the levels listed below. Compliance Officer-Min: $113,620.91/yr. Max: $147,695.01/yr. Sr. Compliance Officer- Min: $127,245.30/yr. Max: $165,426.19/yr. POSITION SUMMARY The Compliance Officer – Investments assists the Chief Compliance Officer – Investments in developing, implementing, and monitoring the investment compliance program for Utah Retirement Systems (URS).

Requirements

Bachelor’s degree in finance, accounting, business, or related field and three (3) years of responsible experience with investment compliance systems, finance, accounting, analysis, auditing, or related duties; or an equivalent combination of education and experience.
Bachelor’s degree in finance, accounting, business, or related field and five (5) years of responsible experience with investment compliance systems, finance, accounting, analysis, auditing, or related duties; or an equivalent combination of education and experience.
Microsoft Office Suite, with extensive knowledge of Excel.
Automate tasks using VBA for Excel.
Implement and update compliance software.
Statistical and database applications.
Analytical tools used to measure portfolio attributes.
Mathematical concepts such as probability, correlation, statistics, and basic algebra.
Financial markets and the economy; and investment concepts and practices.
Equity, fixed income, private equity, real assets, and absolute return strategies; derivative usage, currency exposure, fixed income duration and quality, portfolio volatility, portfolio risk, and other specific portfolio characteristics and attributes.
Compliance with investment policies, applicable laws, regulations, style mandates, advisor agreements, and corrective actions for non-compliance.
Principles and practices of institutional investment management.
Communicate effectively in writing and verbally.
Prepare technical reports and present on findings.
Develop and deliver presentations to various groups.
Develop complex investment policies and procedures and communicate them to various audiences including the Retirement Board.
Problem solve and analyze a variety of issues and problems.
Make recommendations, establish a plan of action, execute according to plan.
Monitor evolving issues with the SEC and review the adequacy of controls to ensure compliance with applicable regulations.
Follow written and verbal instructions.
Perform within deadlines.
Work well in a team environment as well as independently.
Establish and maintain strong working relationships with colleagues and industry professionals.
Multi-task by handling a variety of duties in a timely and efficient manner.
Prioritize work and follow through with assignments.
Deal effectively with stress caused by workload and time deadlines.
The incumbent must always demonstrate judgment, high integrity, and personal values consistent with the values of URS.
As a requirement of this position, the employee will submit to the Chief Compliance Officer a record of trade confirmations or monthly transaction summaries, as they become available, of all security transactions (excluding mutual funds), in any account under the employee’s control and direction, or under the control and direction of the employee’s spouse.
Job duties require occasional travel for office business. Individual must be physically capable of safely operating a vehicle, possess a valid license and have an acceptable driving record based upon data provided by a current Department of Motor Vehicle Record (MVR).

Nice To Haves

Specific experience in investment compliance at a public pension plan with defined benefit and defined contribution programs, oversight of alternative investments, securities regulations and filings, and institutional investing, or investment auditing is preferred.
Preference will be given to those with an advanced degree.
Credentials such as a Chartered Financial Analyst, Certified Securities Compliance Professional, or Certified Public Accountant are preferred.

Responsibilities

Monitors the compliance of existing equity, fixed income, private equity, real assets, and absolute return managers with URS policies, applicable laws, and advisor agreements.
This includes monitoring of derivative usage, currency exposure, fixed income duration and quality, portfolio concentration, portfolio risk, and other specific portfolio characteristics and attributes.
Completes review of due diligence documentation for new investments.
Assists with oversight of trading for internally managed funds.
Assists with oversight of proxy voting for URS.
Assists in the administration of the URS Ethics Policy. Provides training to fiduciary staff employees. Researches and responds to staff questions related to the Ethics Policy. Monitors trading activity of fiduciary staff and maintains trade disclosure records. Maintains the restricted trading list for URS.
Assists in the development and review of compliance and investment policies and procedures. Recommends appropriate changes to advisor contracts and URS investment policies. As required, presents changes to the investment committee.
Participates in regular reviews of the URS retirement planning and investment advice program.
Monitors evolving issues with regulatory agencies and reviews the adequacy of controls to ensure compliance with applicable regulations. Responds to certification requests from investment managers and regulators.
Monitors risk and performance at the manager and portfolio level. Identifies and resolves any areas of significant concern.
Monitors defined contribution pooled and target date funds to ensure they are within allowable ranges or rebalanced if necessary.
Monitors implementation of the URS rebalance policy to ensure that asset classes and subclasses are within allowable ranges or rebalanced if necessary. Reviews monthly asset allocation and variance reports presented to the Retirement Board. Independently calculates and verifies data in the monthly variance report.
Completes required divestment reporting and notifications to the Utah Legislature and impacted investment managers.
Ensures tasks are completed with close attention to detail.
Maintains regular and reliable attendance.
Maintains strict confidentiality.
Performs other duties as assigned.