Job DescriptionThe 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. This position reports to the Chief Compliance Officer.
What you'll do: - 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.
Qualifications- 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 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
- Experience implementing controls for policies and procedures applicable to an SEC registered investment adviser
- Familiarity with compliance related software and applications, including ACA ComplianceAlpha and Dasseti (or similar) is a plus
- 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; law degree or M.B.A. are a plus
Additional Information- This position will work on a hybrid model out of our Santa Monica or New York office
- We offer a comprehensive benefits package including a collaborative work environment, generous PTO, 401(k) match, affordable & comprehensive medical/dental/vision insurance, CFA and other professional membership reimbursement, and more.
The pay range for this position is $180,000-$240,000. However, base pay will be determined on an individual basis considering various factors, including location, qualifications, skills, and experience. The total compensation package includes eligibility for an annual discretionary bonus and a full range of health and financial benefit offerings, which will be provided in conjunction with an offer of employment.
Visit www.wilshire.com for additional company information.
