City Of New York

Compliance Officer (Bureau of Asset Management)

City Of New York$100K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in finance, economics, compliance, or business, or related field with 3+ years of compliance experience
  • Bachelor's degree with 5+ years of compliance experience in financial services
  • Extensive knowledge of SEC regulations and compliance practices
  • Strong analytical and research skills for regulatory changes
  • Excellent communication skills for interactions with stakeholders

Responsibilities

  • Perform comprehensive compliance-related operational due diligence on private market managers
  • Advise public equity and fixed income search committees on compliance programs
  • Review investment materials for compliance with guidelines for Trustees
  • Maintain the Business Continuity and Disaster Recovery Plan
  • Automate compliance processes and reporting using internal tools
  • Execute the Agency’s Personal Trading Policy, including onboarding and departures
  • Conduct research on regulatory changes affecting investment firms

Benefits

  • Standard benefits package including health and retirement plans
  • Opportunities for professional development and training
  • Supportive work environment promoting compliance awareness
  • Engagement in high-impact compliance initiatives within a public service context
Full Job Description
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. Reporting directly to the Chief Compliance Officer and working with the compliance staff, the Compliance Officer's responsibilities include, but are not limited to: - Working with BAM Investment Strategy and the Office of the General Counsel, 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; - Assisting 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; - Maintaining the Bureau's Business Continuity and Disaster Recovery Plan and developing training and reporting to BAM's senior leadership team on a regular basis; - Using internal tools available, automating 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; - Assisting 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. - Researching and providing reporting to the Chief Compliance Officer on changes in regulatory rules and practices affecting investment firms who manage assets for the NYC retirement systems. - Conducting ad hoc projects as required by the Chief Compliance Officer. Minimum Qualifications 1. 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; or, 2. 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; or, 3. A satisfactory equivalent of education and experience mentioned above. INVESTMENT MANAGER (COMPTROLLE - 95611

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