Investment Compliance Officer
- 1 active job (view)
- www.sib.wa.gov
Description
This recruitment will remain open until filled, the hiring manager may make a decision at any time and it's in the candidates best interest to apply as soon as possible.
The Washington State Investment Board (WSIB) is a dedicated global investment management organization with over $213.2 billion in assets under management. The WSIB's globally diversified portfolios are comprised of more than 18,500 holdings across 93 countries on 6 continents and in 50 currencies. The WSIB's central mandate is to maximize return at a prudent level of risk.
The WSIB manages investments for 18 retirement plans for public employees, teachers, school employees, law enforcement officers, firefighters, and judges. We also manage investments for several other important public funds that benefit Washington’s industrial insurance program, colleges and universities, and developmental disability programs. The WSIB’s excellent investment performance dramatically contributes to the state’s bottom line.
To learn more about our organization and the work we do, please visit our website at sib.wa.gov and follow us on LinkedIn.
The WSIB operates in a hybrid work environment and this position should anticipate 60% of their time in the office.
The WSIB is seeking candidates for an Investment Compliance Officer in the Legal, Risk, & Compliance Unit. The Investment Compliance Officer reports to the Investment Compliance Manager and provides a value-added layer of compliance oversight to support the goals of the WSIB’s investments in retirement, insurance, permanent, and other trust funds across various asset classes and programs using diverse and often complex investment options and vehicles, on behalf of the beneficiaries served. This position collaborates with LRC staff to design a cohesive, coordinated approach to deploying risk and control resources effectively.
We are looking for a collaborative team player with demonstrated decision-making skills who will take a holistic and creative approach to forecasting and problem solving in unknown or unexplored areas. This position requires someone who is able provide constructive feedback, is committed to process improvement, is detail oriented, and has strong data organization skills.
DUTIES -
IF SELECTED FOR THIS OPPORTUNITY, YOU WILL BE RESPONSIBLE FOR:
Providing reliable and professionally sound and strategic guidance, consultation, and recommendations with a high level of expertise. Areas of focus include:
Global Regulatory Compliance
Developing, reviewing, and submitting policies, procedures, and documents that support investment compliance with global regulations, agency policies, and federal, state, and foreign laws. This includes creating and monitoring automated compliance alerts to ensure internal and investment manager compliance with Board policies, investment management guidelines, and applicable laws and regulations, as well as completing timely filings with agencies such as the Securities and Exchange Commission and Federal Reserve Board.
Regulatory and Market Documentation
Reviewing and negotiating global regulatory and other investment documents to ensure accuracy and compliance with state laws and agency policies. This includes developing and managing policies and procedures in support of global regulatory compliance, foreign capital market standards and complex investment forms.
Personal Investment and Gift Compliance
Managing the personal investment and gifts policies including monitoring and approval of staff investments, monitoring staff compliance, and recommending modifications and waivers to the Investment Compliance Manager and Legal, Risk, and Compliance Director. This also includes communicating with agency staff to identify reportable activities and presenting key analytic reports on Board and staff compliance to the Audit Committee.
QUALIFICATIONS -
COMPETITIVE APPLICANTS WILL HAVE:
- Bachelor’s degree in accounting, finance, business administration, public administration business law, or a closely aligned field or degree from an accredited law school.
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Four years’ experience in auditing (internal or external), due diligence reviews, and/or compliance testing activities.
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Demonstrated honesty and ethical conduct.
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Excellent verbal and written communication skills; ability to tailor communication to fit the audience.
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Ability to adapt to changing business needs, conditions, and work responsibilities to achieve successful solutions and results in dynamic situations.
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Exceptional decision-making skills with the ability to balance regulatory requirements with client needs for long-term positive outcomes.
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Consistent commitment to diversity, inclusion, and respect in the workplace.
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Ability to communicate results of work and present information to various audiences.
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Collaborative team player.
THE STRONGEST APPLICANT WILL HAVE:
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Four years’ experience in commercial transactions, such as finance, investments or other commercial transactions.
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Demonstrated experience in risk governance and/or control framework monitoring, including development of scope documents, evaluation and testing of procedures and controls, and issue resolution.
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Knowledge of state and federal laws, financial policies, regulations, and procedures, including federal securities laws and federal filings applicable to pension funds and securities trading.
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Ability to interpret complex documents and apply intricaterules, laws, policies, and procedures.
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Demonstrated experience and expertise in strategic analysis of novel operational, accounting, and legal issues.
If your experience or qualifications look different from what we have identified and you think you can be successful in this position, please address this in your cover letter.
SUPPLEMENTAL INFORMATION -
In addition to a complete profile, please include:
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A cover letter specifying why this position is of interest to you and how you meet the qualifications listed above. This letter should be no more than two pages.
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A current chronological resume.
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A list of at least three professional references under the profile section. References will not be contacted without the written consent of the applicant but must be submitted at the time of application.
BACKGROUND CHECK:
Prior to a new hire, a background check including education verification, credit check, and criminal record history will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining applicant’s suitability and competence to perform in the position.
At the WSIB you’ll experience true work-life balance and talented, passionate co-workers focused on maximizing the investment returns for the exclusive benefit of the beneficiaries. The WSIB is a respected institutional investor and thought leader in its industry and we value diverse perspectives and life experiences. The WSIB is supportive of an H1B Sponsorship.
The WSIB is an equal opportunity employer. Women, people of color and those representing diverse ethnicities, persons of disability, persons over 40 years of age, veterans, military spouses or people with military status, and people of all sexual orientations and gender identities are encouraged to apply.
Employees may be eligible for the following benefits:
Medical, Dental, and Vision for employee & dependents; Public Employees Retirement System (PERS); Vacation, Sick, and other Leave; 11 Paid Holidays and 1 Personal Holiday per year; Public Service Loan Forgiveness; Long Term Disability; Life Insurance; Deferred Compensation Programs; Dependent Care Assistance Program (DCAP); Flexible Spending Arrangement (FSA); Employee Assistance Program; Commute Trip Reduction Incentives; professional development opportunities; flexible work schedules; and participation in the Combined Fund Drive; and SmartHealth.
An overview of benefits of state employment and WSIB specifically can also be found on our website (Download PDF reader).
The WSIB is committed to the full inclusion of all qualified individuals. As part of this commitment, the WSIB will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@sib.wa.gov.