Compliance Officer or Sr. Compliance Officer - Investments

About the company

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.

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).

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 div