Compliance Officer

City of New York • New York, NY

28d • $146,000 - $156,000 • Onsite

About The Position

The New York City Comptroller’s Office works to promote the financial health, integrity, and effectiveness of New York City government. The Bureau of Asset Management is responsible for oversight of the investment portfolios of the five New York City pension systems. The Compliance Officer will help to identify and implement policies and workflows to monitor regulatory compliance both within the Bureau and with the Systems’ external managers and consultants on issues relevant to the financial services industry. The department works to ensure investments comply with all relevant City, State and Federal law, the Systems’ investment guidelines, and asset allocation decisions made by the Systems and their Trustees.

Requirements

• A Master’s degree from an accredited college, with major studies in finance, economics, compliance, or business, or a closely related field, and three (3) or more years of progressively responsible full-time professional experience in a financial services compliance role and/or carrying out compliance functions for a SEC registered investment adviser, broker/dealer, consulting firm or a related area.
• BS/BA degree from an accredited college with major studies in finance, economics, compliance, or business, or a closely related field, and five (5) or more years of progressively responsible compliance experience.
• A satisfactory equivalent of education and experience.

Responsibilities

• Perform comprehensive compliance-related operational due diligence and disclosure form review on all private market manager recommendations, in collaboration with BAM Investment Strategy and the Office of the General Counsel.
• Serve as the compliance advisor to all public equity and public fixed income search evaluation committees, providing in-depth guidance on bidding firms’ compliance programs.
• Assist the Chief Compliance Officer in performing a compliance review of written materials such as investment memos, presentations, and quarterly reporting for the Systems’ Trustees and other external parties.
• Maintain the Bureau’s Business Continuity and Disaster Recovery Plan and develop training and reporting to BAM’s senior leadership team on a regular basis.
• Automate internal Compliance processes using available internal tools, including public market investment guideline monitoring, compliance training, quarterly trustee reporting, and the annual ethics & compliance questionnaire for 300+ investment managers and consultants.
• Assist the Chief Compliance Officer in executing the Agency’s Personal Trading Policy, including setting up electronic data feeds for multiple brokers, new employee onboarding, and employee departure processes.
• Research and provide reporting to the Chief Compliance Officer on changes in regulatory rules and practices affecting investment firms that manage assets for the NYC retirement systems.
• Conduct ad hoc projects as required by the Chief Compliance Officer.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior