What are the responsibilities and job description for the Compliance Officer or Sr. Compliance Officer - Investments position at Utah Retirement Systems?
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.
Job Description
This job may be filled at either of the levels listed below.
Compliance Officer - Min: $111,393.05/yr. Max: $144,799.03/yr.
Sr. Compliance Officer - Min: $124,750.29/yr. Max: $162,182.54/yr.
POSITION SUMMARY
The Compliance Officer – Investments assists the Chief Compliance Officer - Investments in developing, implementing, and monitoring the investment compliance system for the Utah Retirement Systems (URS).
ESSENTIAL JOB FUNCTIONS AND DUTIES
Required Experience
Compliance Officer Minimum Qualifications
Education and Experience
Bachelor’s degree in finance, accounting, business, or related field and three (3) years of responsible experience with investment compliance systems, finance, accounting, analysis, auditing, or related duties; or an equivalent combination of education and experience.
Specific experience in investment compliance at a public pension plan with defined benefit and defined contribution programs, oversight of alternative investments, securities regulations and filings, and institutional investing, or investment auditing is preferred.
Preference will be given to those with an advanced degree.
Credentials such as a Chartered Financial Analyst, Certified Securities Compliance Professional, or Certified Public Accountant are preferred.
Sr. Compliance Officer Minimum Qualifications
Education and Experience
Bachelor’s degree in finance, accounting, business, or related field and five (5) years of responsible experience with investment compliance systems, finance, accounting, analysis, auditing, or related duties; or an equivalent combination of education and experience.
Specific experience in investment compliance at a public pension plan with defined benefit and defined contribution programs, oversight of alternative investments, securities regulations and filings, and institutional investing, or investment auditing is preferred.
Preference will be given to those with an advanced degree.
Credentials such as a Chartered Financial Analyst, Certified Securities Compliance Professional, or Certified Public Accountant are preferred.
Knowledge, Skills, and Abilities
This list contains knowledge, skills, and abilities that are typically associated with the job. It is not all-inclusive and may vary from position to position:
Required technical skills include the working knowledge and ability of:
- Microsoft Office Suite, with extensive knowledge of Excel.
- Automate tasks using VBA for Excel.
- Implement and update compliance software.
- Statistical and database applications.
- Analytical tools used to measure portfolio attributes.
Required mathematical skills include knowledge of:
- Mathematical concepts such as probability, correlation, statistics, and basic algebra.
Must possess working knowledge of:
- Financial markets and the economy; and investment concepts and practices.
- Equity, fixed income, private equity, real assets, and absolute return strategies; derivative usage, currency exposure, fixed income duration and quality, portfolio volatility, portfolio risk, and other specific portfolio characteristics and attributes.
- Compliance with investment policies, applicable laws, regulations, style mandates, advisor agreements, and corrective actions for non-compliance.
- Principles and practices of institutional investment management.
Must possess excellent communication skills:
- Communicate effectively in writing and verbally.
- Prepare technical reports and present on findings.
- Develop and deliver presentations to various groups.
- Develop complex investment policies and procedures and communicate them to various audiences including the Retirement Board.
Must have the ability to:
- Problem solve and analyze a variety of issues and problems.
- Make recommendations, establish a plan of action, execute according to plan.
- Monitor evolving issues with the SEC and review the adequacy of controls to ensure compliance with applicable regulations.
- Follow written and verbal instructions.
- Perform within deadlines.
- Work well in a team environment as well as independently.
- Establish and maintain strong working relationships with colleagues and industry professionals.
- Multi-task by handling a variety of duties in a timely and efficient manner.
- Prioritize work and follow through with assignments.
- Deal effectively with stress caused by workload and time deadlines.
The incumbent must always demonstrate judgment, high integrity, and personal values consistent with the values of URS.
Additional Requirements
As a requirement of this position, the employee will submit to the Chief Compliance Officer a record of trade confirmations or monthly transaction summaries, as they become available, of all security transactions (excluding mutual funds), in any account under the employee’s control and direction, or under the control and direction of the employee’s spouse.
Job duties require occasional travel for office business. Individual must be physically capable of safely operating a vehicle, possess a valid license and have an acceptable driving record based upon data provided by a current Department of Motor Vehicle Record (MVR).
Work Environment
Incumbent performs in a typical office setting with appropriate climate controls. Tasks require a variety of physical activities which do not generally involve muscular strain, but do require activities related to walking, standing, stooping, sitting, reaching, talking, hearing, and seeing. Common eye, hand, finger dexterity required to perform essential functions.
Salary : $111,393 - $162,183
