What are the responsibilities and job description for the Senior Investment Compliance Analyst position at Office of the New York City Comptroller?
INTERNAL EMPLOYEES ONLY: This position is open only to the current employees of the Office of the New York City Comptroller.
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 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. The Senior Compliance Analyst will help to identify and implement policies and workflows to monitor regulatory compliance within the Bureau, as well as with the Systems’ external managers and consultants on issues relevant to the financial services industry.
Reporting Directly To The Chief Compliance Officer And Working With The Compliance Staff, The Senior Compliance Analyst’s Responsibilities Include, But Are Not Limited To:
Minimum Qualifications
To be eligible for placement in Assignment Level II individuals must have, in addition to meeting the minimum requirements, at least one additional year of full-time experience in investment activities of a governmental agency, financial institution or brokerage firm.
Special Note:
To be eligible for placement in Assignment Level III individuals must have, in addition to meeting the minimum requirements, at least two additional years of full-time
experience in investment activities of a governmental agency, financial institution or brokerage firm.
Preferred Skills
This position is also open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate at the top of your resume and cover letter that you would like to be considered for the position through the 55-a Program.
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.
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 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. The Senior Compliance Analyst will help to identify and implement policies and workflows to monitor regulatory compliance within the Bureau, as well as with the Systems’ external managers and consultants on issues relevant to the financial services industry.
Reporting Directly To The Chief Compliance Officer And Working With The Compliance Staff, The Senior Compliance Analyst’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 new and existing public and private market manager recommendations and investments;
- Managing the compliance review to resolve portfolio trades and investments that do not comply with investment policy statements and investment guidelines for both externally managed accounts and internally managed, short-term accounts;
- Serving as the BAM Compliance liaison for all matters relating to the Systems’ Custodian;
- Monitoring, resolving, and reporting trade errors in the Systems’ portfolios;
- Overseeing the Annual Compliance and Ethics Questionnaire, including drafting the annual questionnaire, and managing the distribution and processing of its results;
- Creating comprehensive metrics for all compliance functions for the BAM senior team;
- Conducting special projects as required by the Chief Compliance Officer.
Minimum Qualifications
- A baccalaureate degree from an accredited college or university, including or supplemented by 24 semester credits in accounting, business administration, economics, finance, law, mathematics, and/or statistics and one year of satisfactory full-time experience in investment activities of a governmental agency, financial institution, or brokerage firm; or
- A baccalaureate degree from an accredited college or university and two years of satisfactory full-time experience in investment activities of a governmental agency, financial institution or brokerage firm.
To be eligible for placement in Assignment Level II individuals must have, in addition to meeting the minimum requirements, at least one additional year of full-time experience in investment activities of a governmental agency, financial institution or brokerage firm.
Special Note:
To be eligible for placement in Assignment Level III individuals must have, in addition to meeting the minimum requirements, at least two additional years of full-time
experience in investment activities of a governmental agency, financial institution or brokerage firm.
Preferred Skills
- Progressively responsible regulatory compliance experience in the public and private investments, asset management or closely related field - Proactive and can independently carry out projects to their completion - Helpful and willing to offer compliance assistance to the team and the Bureau’s staff - Strong writing, communication, and time management skills, with the ability to balance multiple assignments and department priorities - Adaptable, with the ability to prioritize, meet deadlines and manage changing priorities - Principled and is committed to a culture of compliance - Working knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Outlook, SharePoint, Teams) - Working knowledge 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.
This position is also open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate at the top of your resume and cover letter that you would like to be considered for the position through the 55-a Program.
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.