Compliance Officer

The New York City Comptroller’s Office works to promote the financial health, integrity, and effectiveness of New York City government, in order to strengthen trust, secure a thriving future for all New Yorkers, and build a more just, equitable, and resilient city. Led by an independently elected citywide official, the comptroller’s office provides checks and balances needed to hold City government accountable for budgeting wisely, investing responsibly, operating efficiently, acting fairly, living up to its obligations and promises, and paying attention to the long-term challenges we face together.

The Bureau of Asset Management is responsible for oversight of the investment portfolios of the five New York City pension systems. Through a culture of collaboration, individual development, and teamwork that leverages diverse talent and strives for continuous improvement, the goal of the Bureau of Asset Management is to achieve exceptional investment outcomes for all stakeholders; to deliver outstanding support to plan Trustees; and to serve as a responsible steward of the resources of plan beneficiaries and the City of New York.

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.

Responsibilities

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.
  
  

INVESTMENT MANAGER (COMPTROLLE - 95611

Minimum Qualifications

• 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,
• 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,
• A satisfactory equivalent of education and experience mentioned above.
  
  

Preferred Skills

• Understanding and application of the U.S. Securities and Exchange Commission’s Investment Advisers Act of 1940, specifically Rules 206(4)-7, 204A-1, and 206(4)-5 - Proactive in identifying process deficiencies and compliance risks and presenting possible solutions - Practices a strong ethical code of conduct and commitment to a culture of compliance - Solid writing, communication and time management skills, can be adaptable and balance multiple assignments and department priorities - Ability to work both independently and collaboratively with teams - Can influence without formal authority and gather buy-in from various Bureau stakeholders to successfully implement compliance initiatives. - Working knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Outlook, SharePoint, Teams)
  
  

Public Service Loan Forgiveness

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.

Residency Requirement

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

, $146,000.00 – $156,000.00