What are the responsibilities and job description for the Director of Compliance position at UTIMCO?
The Director of Compliance works on all essential compliance and enterprise risk activities for our organization. They are responsible for managing a compliance specialist and working in tandem with the Legal team to address compliance, regulatory and enterprise risks for the firm. This position reports to the Senior Director of Compliance.
Broad Responsibilities Include:
- Assist the General Counsel & Chief Compliance Officer in overseeing various aspects of the compliance program to ensure that it is being performed as designed, including compliance in the following areas:
- Investment fund compliance, including compliance with Board policies such as investment policy statements for the various UTIMCO funds and other Board policies such as the Liquidity, Derivative and Delegation of Authority policies
- Compliance with ethics policies, including issues relating to conflicts of interest, personal trading, and gifts and entertainment
- Compliance of third parties with applicable UTIMCO policies, requirements and contractual obligations
- Assist the General Counsel & Chief Compliance Officer in identifying areas of institutional or enterprise risk for UTIMCO and in continuing to develop, implement, monitor and report on those risk areas
- Communicate information with the General Counsel & Chief Compliance Officer and other officials on the operation of the compliance program with emphasis on those instances of non-compliance that require executive action or have institutional-wide impact
- Monitor and report on evolving regulatory developments, including but not limited to new and changing rules regarding shareholder reporting obligations, SEC filing obligations, and disclosures relating to sensitive industries and countries of concern
- Assist in the delivery of new employee onboarding and new board compliance training
- Assist in the delivery of general compliance training for all employees
- Receive and analyze compliance reports
- Manage the compliance hotline
- Assist in reporting compliance issues to the Audit and Ethics Committee and Risk Committee of the UTIMCO Board
- Assist the Legal team in identifying and mitigating compliance or regulatory risks in UTIMCO investment and other contracts
- Coordinate with University of Texas System’s Compliance and Internal Audit teams to address compliance or enterprise risks as needed
- Assist the General Counsel & Chief Compliance Officer in the implementation of the Enterprise Risk Management program
- Manage outside counsel as needed on compliance, regulatory or other legal matters
- Assist with firmwide compliance initiatives related to data management, cyber security, artificial intelligence and other emerging compliance and regulatory issues
- Have a firm understanding of and provide legal advice relating to the laws, rules and regulations applicable to investment managers (e.g. Investment Advisers Act of 1940, Investment Company Act of 1940, Securities Act of 1933, Securities Exchange Act of 1934, CFTC Rules and Regulations, ERISA, etc.) and relevant aspects of federal and Texas law (fiduciary/trust law, tax, 403(b)/457 employee compensation plans, labor and employment, governance, legislation, Business Organizations Code, Texas Open Meetings Act, Texas Public Information Act, etc.)
Requirements:
- J.D. degree from an accredited law school
- Member of a state bar
- 8 years of experience with a top tier law firm/in-house counsel/compliance firm or equivalent peer institution
- Compliance experience with a diverse investment management or financial services firm
- Experience with a governmental financial regulatory agency, such as the SEC or a state securities board, a plus
- Prior experience with compliance platforms such as ComplySci and FundApps, a plus
- Unquestioned honesty, integrity, and transparency
- Cultural fit is a must in a respectful, collegial, and collaborative environment
- Ability to analyze complex materials, balance competing priorities and consistently meet deadlines
- High organizational skills and attention to detail
- Advanced proficiency in Microsoft Suite application (Word, Excel, PowerPoint)
- Represent UTIMCO in the marketplace with the highest professionalism
- Superior commercial judgment, a track record of success, and intellectual curiosity
- Strong problem solving, communication, writing, presentation and organizational skills are essential to success in this role
- Constructive and team-oriented attitude committed to consistently doing what is best for the organization and our customers
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