Vice President, Registered Fund Compliance Officer

Wilshire Advisors•Santa Monica, CA

6h•Hybrid

About The Position

The Vice President, Registered Fund Compliance Officer will be responsible for maintaining and enhancing the compliance program for Wilshire’s registered fund complex, including mutual funds, a variable insurance trust (VIT), and an interval fund. This role serves as a key compliance resource to the fund boards and works closely with internal stakeholders and sub-advisors to ensure adherence to the Investment Company Act of 1940 (the “40 Act”) and applicable SEC regulations.

Requirements

7+ years of relevant experience from a legal and compliance department of a registered investment adviser, mutual fund administrator or law firm
Experience with the 40 Act and the Investment Advisers Act of 1940
Experience preparing board meeting materials, working with fund administrators and sub-advisors and presenting compliance reports to boards of directors or trustees
Experience implementing controls for policies and procedures applicable to an SEC registered investment adviser
Strong organizational skills and ability to manage multiple time sensitive matters in a demanding, fast-paced and fluid environment
Business and solution-oriented approach to interacting and working with key business partners is critical for this role
Exceptional analytical, written and oral communication and relationship-building skills required, as is a proven track record working as a member of a team.
The candidate must have a strong ability to solve problems in a practical manner and to communicate complex concepts in an understandable way
Willingness to travel on a quarterly basis for sub-advisor on-site due diligence reviews
Bachelor’s degree required

Nice To Haves

Experience conducting sub-advisor due diligence and oversight in a fund-of-funds or multi-manager environment preferred
Familiarity with SEC exemptive relief orders applicable to registered funds is a plus
Familiarity with compliance related software and applications, including ACA ComplianceAlpha and Dasseti (or similar) is a plus
law degree or M.B.A. are a plus

Responsibilities

Maintain and oversee the 40 Act compliance program for the Wilshire mutual funds, VIT, and interval fund, including monitoring compliance with exemptive relief granted to the interval fund
Prepare and coordinate mutual fund board meeting materials, including managing the quarterly sub-advisor due diligence questionnaire process and the annual 15(c) review process
Attend board meetings to report on compliance matters and serve as a trusted compliance resource to the mutual fund and VIT boards
Conduct periodic on-site due diligence reviews of sub-advisors (travel required on a quarterly basis)
Review marketing materials related to Wilshire’s registered funds for compliance with applicable SEC rules and regulations
Assist with general compliance functions unrelated to registered funds, including ad-hoc compliance requests, Form ADV annual updates, and other regulatory compliance matters as needed
Assist with special projects and strategic initiatives, as needed.