Compliance Officer

Responsibilities

• Perform comprehensive compliance-related operational due diligence and disclosure form review on all private market manager recommendations.
• 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.
• Use internal tools available, automate internal Compliance processes including but not limited to 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 who manage assets for the NYC retirement systems.
• Conduct ad hoc projects as required by the Chief Compliance Officer.

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;
• An BS/BA degree from an accredited college with major studies in the fields mentioned above and five (5) or more years of progressively responsible compliance experience as described above;
• A satisfactory equivalent of education and experience mentioned above.

Preferred Skills

• Understanding and application of the U.S. Securities and Exchange Commission’s Investment Advisers Act of 1940, specifically Rules 206(4)-7, 204A-1, and 206(4)-5;
• Proactive in identifying process deficiencies and compliance risks and presenting possible solutions;
• Practices a strong ethical code of conduct and commitment to a culture of compliance;
• Solid writing, communication and time management skills, can be adaptable and balance multiple assignments and department priorities;
• Ability to work both independently and collaboratively with teams;
• Can influence without formal authority and gather buy-in from various Bureau stakeholders to successfully implement compliance initiatives;
• Working knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Outlook, SharePoint, Teams).